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.
It's called 16 years of failure Maid and shares which are well over a hundred fold down.
RRR has picked up many detractors on every failure over 16 years. Old timers like Zumore / Dukey / Robins / Trickydicky / Blueboy / Captain Kurt / CGull joined by fresher faces like Dogs and Talkinto. Many more I could mention
No conspiracy just a failure of epic proportions over a far greater timeline than othe boards.
Maid. Yep. They are just burning through cash in Alaska and don't have much to show for it. 50 bopd on a vertical, maybe 600 bopd on a horizontal; madness.
The Damara Fold Belt is the best thing they have got.
DYOR
Thanks Helpful sounds more valuable than our $420m claim against Glencore !
What's the situation with the Elephant IPO. We have promised and failed to get it over the line for three years. Where is it now in the process ?
HP'' notice they done a $5m fund raise this morning 3bil extra shares at a 40% discount they now have 28bill in issue on the Market ? and there is no 15 trolls over there bashing it... but RRR do a $260k minimum fund raise and there is none stop moaning on here, so much so that genuine investor have to filter out the noise to maintain there sanity...
anyway'' I still think we will hear more news from RRR before weekend..
ATB
Https://www.share-talk.co.uk/announcements/rns/88-energy-limited/proposed-placing-to-raise-up-to-a-9-8-million/34238926
Namibia
In February 2024, the Company announced the successful 20% WI transfer by Monitor Exploration Limited (Monitor) to 88 Energy in relation to PEL 93 located in the Owambo Basin, Namibia following receipt approval from the Ministry of Mines and Energy.
The Company, via its wholly-owned Namibian subsidiary, previously executed a three-stage farm-in agreement in November 2023 for up to a 45% non-operated working interest in onshore Petroleum Exploration Licence (PEL 93), which covers 18,500km2 of underexplored ground within the Owambo Basin in Namibia (refer to ASX announcement dated 13 November 2023).
Under the terms of the agreement, 88 Energy may earn up to a 45% working interest by funding its share of agreed costs under the 2023-2024 approved work program and budget as defined in the Farm-In Agreement (2024 Work Program) and any future work program budgets yet to be agreed. The maximum total investment by the Company is anticipated to be US$18.7 million.
"Namibia has been identified as one of the last remaining under-explored onshore frontier basins and one of the World's most prospective new exploration zones. PEL 93 is more than 10 times larger than 88 Energy's Alaskan portfolio and more than 70 times larger than Project Phoenix.
Recent drilling results on nearby acreage has highlighted the potential of a new and underexplored conventional oil and gas play in the Damara Fold belt, referred to as the Damara Play. Historical assessment utilised a combination of techniques and interpretation of legacy data to identify the Owambo Basin, and specifically blocks 1717 and 1817, as having significant exploration potential.
Monitor has utilised a range of geophysical and geochemical techniques to assess and validate the significant potential of the acreage since award of PEL 93 in 2018. It has identified ten (10) independent structural closures from airborne geophysical methods and partly verified these using existing 2D seismic coverage. Further, ethane concentration measured in soil samples over interpreted structural leads validates the existence of an active petroleum system, with passive seismic anomalies also aligning closely to both interpreted structural leads and measured alkane molecules (c1-c5) concentrations in soil.
DYOR
The forward work-program will start with a low impact ~200 line-kilometre 2D seismic program focusing on confirming the structural closures of the 10 independent leads identified. The 2D seismic program will be conducted in mid-2024 following a period of planning, public consultation, updating of environmental compliance requirements and relevant approvals. Results from the 2D seismic program will then be incorporated into existing historical exploration data over the acreage, with results used to identify possible exploration drilling locations.
Https://twitter.com/88EnergyLtd/status/1782622580157141001?t=AR2GuN5htjr0Fpp2wFyGqg&s=19
Recon Africa drilling June 24.
Elephant Oil/RRR.
DYOR