The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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JP,have to wait and see,but goudron was only doing 30bopd And bruv,I ran a diesel on soya bean oil for 4 years when diesel was 1.45 and veg oil was .50 so how do you know what you can run a diesel on,after all they were designed to run on peanut oil
I agree with your last post and no one should consider Lacos at this moment in time.
Wanderlust, bonasse hasn't a hope of replicating early goudron numbers. Afaik there were 10 or 12 wells on the lease, and of those only 4 were producing approx 10 bopd total before they were shut in recently. Eor or new drilling g required for any significant uplift there. As for icacos, there is no easy money there. Touchstone had a list of approx 200 targets to drill on their leases. Icacos was at the bottom. Not worth it at this oil price
A wee tweek here and there and if you get an extra 2 bopd from 75 wells and the 14 Csand wells then that's an additional 178bopd with little to no work. That's like drilling 4 new wells at a cost of $2 million so I believe LK when he says there are other low cost ways .
Thats where he has got the new name from,I like his style
I think he columbus is going to rediscover bonasse and we will see a simular upside that we saw at goudron in the beginning,don't forget the company has only just got sorted as far as the noose that was around our neck and I am so glad we are not drilling 45 bopd wells for half a million dollars
There were 75 wells that were cleaned out or reworked and they gave an average of 5 bopd , 12 of those wells were reperforated at the time and they gave 20 bopd on average . Now if 12 wells gave an average of 15 bopd more through reperforations then you can work out what reperforations will do to the rest. LK did say he has identified 15 different ways to up production at low cost and I am just putting out there one of a possible such way. I have seen stuff about the 15 C sand wells but only 14 were successfully drilled so its not that, it might be EOR as NR wanted 2 injector wells with 5 or 6 production wells and everything that I have ever read on EOR says the opposite as you get up (a little less) than you put down so 2 into 5 ? Not a clue how much water can be pumped down but even the sweep area is compromised with 2 injectors. Not to worry though as we have the EOR expert flying out today to spend a month there. Koots has inherited a massive amount of data and infrastructure on Gourdron and is taking a more business like approach instead of a politicians approach . We all know or should know that light api oil is oil that rises to the top of a greater deposit and that always played on my mind as to why it was there , @ 38api it is at the top of the deposit and it just never happened to be there as it had to come from somewhere . I am thinking that the ARK survey must surely pin point this reservoir and like any football team , a change of management can work wonders with a change of direction on the playing field. Chesh should resign and go for the Goggaburn bottlewashers FC tea ladies job. IMO.
NR was going for longevity of wells,different tactics now and oil price has doubled in the last 15 months,but it's only steadied the last couple of months,timing is right
After listening to vsa investor event again ( still can't believe Tony Blair works for them) it seems more like going back to the beginning. 154 old wells in field prior to lgo drilling, only about 70 were reactivated/worked over/re-perforated out of an original 90 targeted as beneficial. Also I note he wants the use of pumps running at maximum rather than beam pumps, we installed 58 new beam pumps in 2013, since the early days the infrastructure and facilities at goudron are vastly improved this may also help in his quest to raise production. Something that for what ever reason NR took his eye off. IMHO:-)
15 opportunities to build capital in the fist two weeks - looking good TT12
Chesh Weird likeness, wasn't it? And how tall is Leo? Natural centre back (if not keeper).
I distinctively remember Leo saying ross and Layladylay should jump on the rollercoaster of love. Xx https://youtu.be/N1cbsLKXasQ
Ha, peeps love our Leo. All the best (back in a bit)
See where you coming from Ross, A bit cringe when Tony Blair says 10 bagger as he introduces our Leo, All the best (but our Leo say's Get in now!, and I listened)
Chesh I wouldn't take VSA or the rampers on here too seriously! I suspect LK was a bit embarrassed by some of the things that Andrew Monk said when he was introducing him!
Ross, Very novice chartist here, and I mean I don't know what I'm on with! lol But..... I put crayon on paper over the weekend, and see a huge rise with crosses of res/sup lines and horizontal whatsits, coinciding with a 200MA projection (weekly) that meet VSA 22p target, in March '18. So yes, plenty of time! All the best (just what price are you prepared to pay?)
Chesh Plenty of time here. HUR should sort itself out fairly quickly.
How much time you got on HUR Ross, And how much do we have here? hmmmmm All the best (get in quick mate!)
Chesh All good, though have to admit that the gambling pot earmarked for further nibbles at the new LGO succumbed to HUR sub-50p this morning - if HUR works out though, we're back on.
Done deal Siliv All the best (pals we are!)
pete68, very naive to think a shares individual value is indicating it's lack of potential, Think in percentages! instead of actual current value. Then look to the new CEO (our Leo), and what he's doing, There is so much more but I have no inclination to help you out! All the best (Ftse100 currently up <1%)
I dont have your faith in this ,cheap as chips and you can buy bucket loads of stock,only do it if you can afford a big loss.
It is a master plan and that's a fact.......punters are still knocking on the door shouting here is our money please add it into your never ending fancy salary fund. Amen.
10 bagger pete, Have it, All the best (thought you was buying in?)
porker - he's got a bit to do to match your clairvoyance - trashing the master plan in ignorance !