Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Yes should not be long, any day now. Hopefully >600!
Qalbabbass
Yes , the same question I have also with you.
According to the RNS published on 13 January 2021:
"Dismantling of the drilling equipment is now underway, and it is anticipated that initial testing of the well will commence by the end of January 2021. Subject to successful testing, production hook-up is planned to be completed by the end of the first quarter of 2021. "
The question is how long time need for these initial tests in order to take the first results regarding the bopd of the SV-25 .
I believe that not takes more than 3-5 days so hope day by day we'll know.
But the important is most of all the DAILY production of the SV-25 ie: beopd < 600 or > 600 .
Qalbabbass
Yes , the same question I have also with you.
According to the RNS published on 13 January 2021:
"Dismantling of the drilling equipment is now underway, and it is anticipated that initial testing of the well will commence by the end of January 2021. Subject to successful testing, production hook-up is planned to be completed by the end of the first quarter of 2021. "
The question is how long time need for these initial tests in order to take the first results regarding the bopd of the SV-25 .
I believe that not takes more than 3-5 days so hope day by day we'll know.
But the important is most of all the DAILY production of the SV-25 ie: beopd < 600 or > 600 .
Oldholder there could be an issue which is why it is delayed?
Hope tomorrow will have an update for the drill.Time passed.The question is how many barrels per day give the well.
I bet sub 600.In case for more barrels this will change the overall look of the share.
Remain calm and optimistic.The company now has not any relation with the former Regal and the practices applied in the past.
In any case DYOR.
Ok, thanks for clearing that up, you must be really good at making money my friend,
Drill cost as can see from there accounts are relatively cheap , as in all oil drills theirs risk but the company has shown strength in the past on ability to managed there drills and maintenance.
Would like the increase of more well drills and diverse into other operations like Georgia to de-risk political sensitive areas.
Well run company , remember the days of Regal best leave there
Can never understand why anyone would de-ramp a company they are 'supposedly' invested in. If you're no longer invested here move on and de-ramp somewhere else, then maybe short that company if that's your bag. The only idiot I can see here is someone who is acts like an industry expert spending his time posting messages calling other investors idiots .
Irony (look it up) at it's best you might say. Sounds like someone has had their fingers burnt in the past and now seeks praise from less knowledgeable investors, thus getting some lost pride and confidence back. Oddly enough maybe that's why you go by the name 'Krok'. Aptly named as your posts are arguably a 'Krok of ****' ;-)
'without having a clue on what’s going on', oh boy please stop embarrassing yourself further Mr. Genius. You don't have a clue how long it took for ENW to dig a well which is as basic level of what's going on in oil company's business as you can get and you are preaching others? haha. Or you actually lied to scare people and to make your point based on pure lies. Save us from your insights you gonna get embarrassed again
Never understood over-optimistic idiots who invest in extremely high risk stocks without having a clue on what’s going on
There are ways to make money on this stock without holding this **** for years, like many people here do
Waiting for dividends. Should be the same thing as Volgagas a couple of years ago. Will then sell to idiots believing in long-term value, lol))) plenty of them, fortunately
Doesn't care much about short-term ****ty operational performance as long as there are happy holders who think it is great))
Does it make sense, mate?))
Nobody has mentioned the latest with regard SV-54. The recent RNS states, '...the primary horizon targeted in the well is being perforated...'. Therefore, this is likely to have happened by now.
Initially, the 'secondary', horizon target produced 565 boepd.
So how much will the 'primary' horizon produce, or should we say is producing? An additional 500 boepd? More? Less?
Then there is the new well SV-25 which is probably producing via testing as we speak.
Probably short..... If you can take a short out on this company? If so he better hurry up and close it out!
Never could understand people like krok, post negative comments about a share, 1 if you are invested, why talk it down , 2 if your not invested why post on that company forum? please explain someone, thanks
Have you got a reference to the cost of this well?
Oldholder can count the trees but can’t see the forest))
Production was 4444 in Q4, on average, now it is likely around 4300
Even if the new well brings in 600 boepd, the production will be 4900 but it will then decline below 4500 by year end. I.e. no production growth YoY
Now about economics. The well is deeper than 5000 m. The cost is $10-12 mn. What is the pay back period for this well? No, wrong question. What to do with the well which never pays back?
Now imagine the new well’s initial flow rate is only 300 boepd. Follow the same logic. Do you still like it? Are you still happy holders?))
Continue dreaming, guys. Sweet dreams, so sweet))
Yes that would be nice, and should be able to maintain/increase that dividend at current gas prices, and increasing output.
Qalbabbass
I can see a divi of approx. 4+ p , what means 1/3 of the existing cash.
oldholder what would be your guess of a dividend amount? 2p per share?
Just a guess.
I have no information.
My prediction is based on only in the past results...
you seem to be well informed oldholder
QUIZ:
How many bpd will be the production of the SV-25.
RNS due this week on Tuesday or Wednesday... in any case before the AGM...
I guess approx. 580 bpd and ENW pass the barrier of 5,000 beopd(today 4,444)
Lets see in the past:
SV-6 Workover 394
SV-12 Workover 883
SV-54 spud 565
MEX-119 spud 1,070
VAS-10 spud 390
MEX-109 spud 778
SV-59 spud 154
Average: 605
What absolute drivel!
Unbelievable and it's people like you that put me off contributing to such forums! Fundamentally you won't find a better company. Jurisdiction and lack of PR is an issue but the latter is being addresses and the former is improving all the time. Give me Ukraine over Nigeria any day!
Krok the million dollar question is 'unless'. In my opinion Enwell formally Regal could of carried on regardless and ignored the few shareholders left . However, Baron who seems to know a thing or two is still a holder here even after discussions with the board, he seem positive on Enell's future. As you know he is also holder in JKX. Regal changed it's name to shrug off the prior years of well you know who (don't want to mention any names). The web site is new and informative and is showing new focus going forward. Next weeks meeting is opening the door to future dividends, something we thought we would never see. Not forgetting the Ukraine is the 5th biggest user of energy and Biden is active in the past and present in the Ukraine which should allow for a more stable environment. I mean Trump would of done some deal if he thought he could of got away with it.! I understand what you are saying but personally I think Enwell has turned over a new leaf and once we see a few positive RNS's in regards to licence issues, more positive flow rates, we could see the sp move quickly. To keep rubbishing the share when most of us thought all was lost to old news. Things are different now and I believe we will see a different side to Enwell in the coming months. The share has been getting more positive news from different sites and I think investors are ready to jump in if they get he sniff of anything to give them confidence again.
You don’t necessarily have to be too bullish to be able to make money
You need to be realistic. See both pros and cons. Buy and sell when it makes sense
Dreaming and being “a happy holder” is only needed when you’re stuck with a wrong stock purchased at a wrong price
You will not see anything above 30p in the coming months unless there is some form of cash distribution or a really good flow from the latest well
2021 will be another year lost for ENW - no production growth and no cash growth
But continue dreaming
Ahaha, we’ll see in a few months who is right and who is wrong
I made a lot if money on this stock and was right in pretty much each and every forecast
Idiots dreaming of 60-80p are definitely better than those who dreamed of 1+ pound but are idiots nonetheless))