Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I would expect the next extension is already in the process or being applied for.
PG indicated the lack of extension was down to him which stopped SJ being done in Autumn. Did it prevent drilling also or has licence uncertainty put us down pecking order for the rig.
Both of these arise from eye off the ball - as a Lender we'd take serious issue with that and impact on business model.
Given his narrative at the shareholder presentation PG considers himself unassailable and I think quite likes pleasing himself.
Don't need updates every 10 minutes but an update prior to end April confirming receipt of Sandjet equipment and timing for testing would be sensible or it is another deadline missed and unexplained.
GRH might call it small stuff but he was posting last September to say flow testing is urgently required and PRD is in play. We still haven't flow tested and are 15% lower in SP than we were then so it seems neither is urgently happening.
The BoD can't just spout crap about Private Equity and value disconnects there is a perception issue in my view on how proven assets are and to a lesser extent around the BoD.
Drilling want firmly defined as a timeline but Sandjet was so come on.lets get on with it.
Assume the licence extension will run for x number of months after authorisation otherwise the duration of the licence will have been spent waiting for it to be rubber stamped
Should read, the no 4 licence amendment to extend the licence.
The requirement for any licence operations is that the no 4 licence is extended. The signing of the star valley rig contract was subject to the necessary regulatory approval. The extension to the licence was submitted on 23 jan 24 to extend the initial phase of the licence to 5th June 2024 in which time sand jet perforation of discovered gas was to occur and the drilling of the mou 5 well.
It’s now three months since the licence amendment was submitted and it looks like chariot will be next to get the rig to drill two wells, so it’s unlikely prd will get the rig till early June, by which time the licence extension will expire. I think a revised licence extension date is required.
However, prd did say they were ready to perform sandjet perforation from end of April when coiled tubing unit would be available .
The extension of a licence should not take 3 months, hopefully we get news very soon.
Jimmy
GRH on X. .. .. .. Folk sweating the small stuff
Might wish to
⭐Study Sound RNS today re rig timing
⭐Consider logistics re moving SV101
⭐Measure SDX - CHAR - PRD - SOU
I hold in volume
#PRD
Blimey Kasj… my Old man had a Singer Vogue estate ..lol.. he loved it..
.....if we're talking Ahwaz or MIS - he prolly bought it off my old man - when they promoted him to chief er rigger, he had to get a Merc.....
For rigger read er....kahuna. that's it - chief kahuna!!!
Sorry for the off topic but I can remember when I was a lot younger than I am now, my dad having a Hillman Hunter Estate.
Brings back a lot of memories...
How did you know we had Hillman Hunter ?
If it helps the confusion, it was Persia - land of the Hillman Hunter - that actually became Iran.
Hi tritoretire, , The only thing I know about telegram is song with Sam at the end of it. As far as Iraq goes, wow you clearly have me confused.. I still call it Persia , but then again I am as old as GRH. I think I may have flown over it in my way to Australia as a lad, we used to land in Bahrain back then , no luxury’s of direct or 1 stop flights …and just WTF is Captain sensible ? Was/ is he a pirate? . This is all quite amusing..
@Thebold aka Captain Sensible (old Telegram group name) purported large Char investor.
Clearly here to spread FUD. Doubt he owns one share in prd!
Must be quiet making the tea in the canteen in Iraq 😉
Ok, some here still dispute other companies are using the rig we are using for MOU5 …that’s fine…let’s all see will we where SV 101 goes to next… as far as SJ and CT, surely a shipping plan is in place that would identify when the kit is actually due to arrive in country .. in my job I know my kit arrival date , arriving into port as soon as it’s booked onto a vessel and assigned it’s booking ref and BOL.…
Bold
You've made your thoughts on dates clear, repeating them 5x a day is tiresome so I can understand frustration.
Sandjet should be some time in May. Availability of SV-101 is up in the air - the company has contemplated the drill for some time and used SV-101 before so their relationship with the drill owner versus other entities is unknown. So time will tell.
If it is 3 months the worst part will be listening to you bleat about it ad nauseum.
Bold - I’ve got as much chance of guessing the timing as you have but I don’t bang on about it…..
Thebold, can you point me too the relavent RNS's from SDX, Char and Sound confirming which rig they are using
(SV101 ?) and exact dates they'll be using them, it would be intersting to see if they line up with your (poor) attempt at creating FUD in ANYWAY.
Don't worry about the PRD one I've got that one.
Keep trying fella…..
Realism, u should try it sometime…
Anyway, operations I would safely say by summer is out, until proven otherwise with facts, that as good a timeframe as it gets atm..imo.
Great to note your glee and concern…..
GLA
Yep, I reckon that’s what we will be doing for next 3 months or so …
Looking forward to news .
SDX potentially will be end of month before SV101 is released to Char , for its 8 week campaign, I believe but cannot confirm rig then goes to Sou to set completions. Where this puts us for our MOU5 drill, god only knows..! No word on SJ arriving in Morocco, even when it does it likely may be 3-4 weeks for the normal clearance operations. As the spread consists of temporary and permanent import things will take time.
Do we have confirmation our CEO is now boots on ground, perhaps Bob has seen another Snapchat ?