Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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He he morning all - that post with all its if's was about as useful as any post I done lol ha ha he
I think news will drop by tomorrow or Wednesday - its just an opinion from a no nought lol he he but at least I admit it he he lol. Gl all
I'm sorry to bring this up but how old are you Duster? You write like a 12 year old with your lol's and ha ha ha all the time.
People should know that there are several stages to EWT and it would all depend on many different aspects as to how long it will take, I haven't been following the information released that closely of late but it would depend on if they had already run and cemented production tube then obviously the need to shoot the different sections and test them, then it depends on how long they want to test for to get a steady flow or if they are going to put on a choke and test at different chokes or if they are going to use different stimulation methods then clean up / swabbing etc etc etc each well is different so you just don't know how long it's going to take .
Very good record that is captain ha ha he he gl
I'd lean towards that testing has been done and the stimulation equipment has been brought in.
I read from another oiler that testing takes a week max so who knows.....
Sure to find out soon aren't we.
GL everyone let's hope this comes good.
I would of test results would be in tomorrow or Tuesday - if not then maybe they have problems getting the oil to flow in any quantities - maybe they have had to request in the stimulation equipment - msybe they have had to get in a dyson dust buster to clean up lol - only joking ha ha he he - definitely results in soon so gl all and lets hope its a good one
Lockyer, I think no one can give an exact answer to your question. And if you believe in Mike’s professionalism, in which I personally believe, then its hard to imagine him to be unlucky again. Especially with two appraisal wells drilled in the places where the oil is not just confirmed but already produced. And this gives me strong reason to be confident in success both at Heron and Gazelle. Which means further continuation significant SP rise which has already started from last Thursday. But what is even more exciting now its what going to happen next after such a great double success? In may opinion it could easily push SP much higher up to the level of last high 39p-40p. Because if its was possible at the base of pure speculation than at base of such an excellent achievement it will be possible moreover.
Can't say I'd be surprised to see RNS red dot by middle of this week, maybe even tomorrow morning.
We are now on day 10 of testing. Does anyone with experience in going through a testing process this with others know how long we should expect? I've read a variety of timelines, some suggesting a week you'd have information for some initial results and other suggesting anything from 2 to 3 weeks for a full test.
Personally I feel the SP has some growing to do from 4.75p a share prior to news. I wouldn't be surprised to see us back towards 6p (25% rise) the longer the week goes without news as FOMO creeps in.
If both Heron and Gazelle are oil producers, then this could be around 25p based on just 40MMbo and $5 per barrel profit, given very low extraction costs. That would be very conservative in my view.
If total oil resource from Heron and Gazelle gets to 100 Mmbo, then this could be valued around 60p a share in my opinion.
Gazelle full results should be due end of November
I will be very happy with £0.1825p. That's a massive rise from here
The SP will be 0.1825.
Heard it here first!
I think this week we will see flow test results of Heron. Maybe Tuesday / Wednesday. I'm pretty sure news will come before Gazelle.
Even if Gazelle has oil shows I don't think it'll boost the SP much until we get results and go through the same testing process as Heron.