Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Https://stockhouse.com/news/press-releases/2024/01/10/pel-83-exploration-campaign-update-mopane-1x-significant-light-oil-discovery
Also in Orange basin. :-)
The shareholders (Africa Oil and Hosken Consolidated Investments, 81% together) in Impact make a deal with Total about the two blocks they have where, among other things, the Venus discovery is made.
Impact receives 99 MUSD for previously incurred costs and is financially supported by the development of the oil fields. These costs are then deducted after production starts. Impact chooses to believe in revenue from production, rather than selling oil in the ground, now.
Also important for Eco: Total shows with its cash payment that it has data that makes it want to invest fully in the Orange basin. The agreement thus takes a decisive step to a new level of development in the Orange basin, something that benefits companies with interests there.
Cheers for your thoughts. You're in the same ballpark figure as my thinking.
We have offshore Guyana a multi-billion barrel heavy crude discovery. If we can get a partner & start production that'll start the ball rolling. If we can get deals for Namibia & SA this quarter, we may be drilling sooner than expected. There are a lot of rigs in the area just now. Again, just a sniff of oil could put a rocket under this.
Just glad I'm in at 10p. I'm happy to sit back and wait for the next 12-18 months.
Rex
Share price will & has hit 48p on starting drilling. Hit oil & you could be looking at £1.75 a share. Hit a couple & £3+
And a bit bored today, if I'm honest :)
My current understanding is that we're in FO talks across our entire portfolio with multiple super-majors.
Logically we could be looking at 2, 3 or possible even 4 deals in the near term. This will be followed by drilling, probably later this year, or early 2025.
Anyone care to guess how high the sp could go in that scenario?
I'm thinking at least 40p+
I'm just curious, that's all.
Rex
Buying at the 30p placing 7th April 2022 looked good up until 7th November 2022 when they topped out at 45p.
Those who sold on the bad news above 23p proved wise.
After rebounding to the 23p in the March 2022 continued to fall to today's 10.7p .
Harel,
It's aimed at redwine day's 9.22am post this morning.
hope that clears it up for you :)
Rex
The deramp is not aimed at you Harel. Is between couple posts before yours. Always look forward to your posts. Truly hope we can get some traction in 24. Is about time!!!
Deramp?
No need to deramp here. Management have the job well covered as evidenced by the SP.
Still very cheap, my biggest holding.
And the winner is.. (if indeed its a discovery) is sintana energy, a small cap holding 5-7.5% interest in the 3 most exciting blocks in the orange basin, pel83 with 2 wells campaign all carried by galp including developement!!! Pel 87 with the saturn prospect 6 times bigger then venus and on trend carried by woodside and another jewl, pel90 operated by chevron miles from venus with 10 wells permit applied, drilling later this year first well carried.
They stated "expected". They didn't say "guaranteed, nailed on and hope to die if it doesn't come through before Xmas"
They've already received the initial $2.5m, the next $2.5m payment will come through in due course.
Pretty rubbish attemp at deramping, I must say :)
Rex
"Government of SA approval and therefore the $2.5m cash payment from Africa Oil are expected to be received by year end 2023."
Their brokers should be ashamed for letting them consistently make statements that subsequently turn out to be rubbish....
Part of the article:
"Galp stated this morning in an operations update that results to date from Mopane-1X indicate “preliminary signs of hydrocarbon presence”.
However, the company stressed that with drilling and data acquisition campaigns still underway, it is "premature" to make any conclusion until operations have been completed and results assessed.
Galp’s share price was up 1.8% in early morning trading on Euronext in Lisbon, at €13.58 ($14.34).
The probe is being drilled by semi-submersible rig Hercules in Block 2813A, some 14 kilometres north of the boundary with Shell’s acreage, and 30 kilometres from the supermajor’s unsuccessful, high-risk Cullinan-1 probe which was targeting a carbonate structure.
Victoria Sibeya, Namcor’s head of upstream exploration, told Upstream in October that Galp is not targeting carbonates but is going after “Upper Cretaceous plays… that have already been proven in (Shell’s) Graff-1X discovery”.
Galp has an 80% stake in PEL 83 and is partnered by local player Custos Energy and state oil company Namcor, each with 10% interests."
https://www.upstreamonline.com/exploration/new-namibia-exploration-well-finds-signs-of-oil-and-gas/2-1-1577753
Https://total-market-solutions.com/2023/12/10-oil-and-gas-companies-to-follow-in-2024/
It's measured in Gil years, like dog years but inverse.
What year are you talking EB ??
Started accumulating here ahead of the Q1 fun
The short summary of the climate meeting seems to be that it must be the supply side of the market and the price of green technology that must determine the speed of the transition. Not the supply side of oil. In addition, the transition must be "fair", something that adjusts the way for different supply in the third world. IMHO.
The issue of taxation in the stock market goes away soon, but a notification about an environmental permit for 3B / 4B will soon arrive. Then we have the interest of the three new players in the concession to be materialized.
I like the increasing volume, in London too. :-)
I must be in the minority buying this morning at 9.5p. Sub 10p tempts me considering the beckoning silence and licence holdings. Seems a long time ago I offloaded half my holding at 161p, new year beckons.
3p ?? thats a tad far left field.
If you want a reliable source of information just follow aoi.
Cybertron,
If it goes to 3p I'll buy every share I can get my hands on, and then some :)
Grow a feeling the CEO is an idiot should have taken the first farm out now he will entertain these others who may walk away, what a Muppet!
You take the first chance you get to get this thing going as no one has been interested past year,
Reckon come next year nothing and share price goes to 3pence