Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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This was posted on CEO.CA board and highlighting the potential here...
https://ceo.ca/@newsfile/btv-highlights-mining-featuring-southern-energy-pan
At last some communication even if there is not much we didn't already know. Still good to have confirmation that the first 3 wells remain on track for first gas in February with another 10 to follow on their heels. A tripling of production in the next 6-7 months should be good news for the SP.
Just noticed this interview...not particularly hard hitting interviewer but a reminder of the potential economics ...
https://www.proactiveinvestors.co.uk/companies/news/1001274/southern-energy-shares-excitement-around-gwinville-drilling-campaign-1001274.html
https://oilprice.com/Energy/Natural-Gas/Artic-Blast-Draws-Down-European-Natural-Gas-Inventories.html
Nymex up 10% today and threatening $7 again.
Tom it has been dropping on small volume trading. Seeds of panic have been sown in relation to decline rates on initial gwinville wells. Given that 70% decline in year 1 is typical and that the drill did not stay on track I don't see the decline rates as particularly concerning.
https://www.acrevalue.com/plat-map/MS/Jefferson-Davis/?lat=31.739491&lng=-89.848832&zoom=17&place=Old%20Hebron%20Road,%20New%20Hebron,%20Mississippi%2039140,%20United%20States#!
AcreValue's maps are more current than Google.
Mt Olive site is an example just before the rig arrived.
Next drill is well under way.
Shall refer to the above link on occasions
https://rapaddrilling.com/rig-41/
Rapad #41 should be on the job for several unbroken months.
Placees still selling?
Will be a bargain under 50p could earn a few pennies
From Malcy's Blog.
"I have been a huge fan of Southern since it came to the London market last year and time after time the company has delivered solid results and this announcement is no exception. It really does tick all the boxes, production of 3,408 boe/d gives strong revenues, growing net profits and strong free cash flow deliver a healthy cash balance and all at premium prices.
One of the key differences that makes SOUC a standout in the sector is the pricing it achieves, average realised natural gas and oil prices for Q3 2022 of $10.00/Mcf and $91.93/bbl, respectively, are quite astonishing and delivered due to strategic access to premium-priced US sales hubs in a geographic region with strong industrial and power generation natural gas demand.
Next up is the top of class total process costs, running at some 65 cents per mcfe which is genuinely outstanding in the sector. Even the super-majors who should be much cheaper with their vastly larger throughputs are well over $1 per mcfe, the answer is partly in the much cheaper transportation by Southern and partly due to the high quality infrastructure particularly in the Gwinville where the Selma and City Bank formations are key.
All these mean that when the wells start to come into their prime in around February there should be a number of producing sites and the company will have a pretty good idea of production for 2023. Also worth noting is that early next year the company will be drilling longer laterals of 5,500-6,500 feet which should translate into improved well performance and further cost efficiencies.
All these mean that when the wells start to come into their prime in around February there should be a number of producing sites and the company will have a pretty good idea of production for 2023. Also worth noting is that early next year the company will be drilling longer laterals of 5,500-6,500 feet which will be in the reservoir for most of that time.
So, to sum up Southern does indeed tick all my boxes, plenty of wells ensuring growing production which get premium pricing and at the lowest costs possible. The company will therefore produce low cost, high margin gas with massive potential upside, what’s not to like? With a target price of 150p before looking at the longer term upside a place in the Bucket list is a given for Southern"
https://www.malcysblog.com/2022/11/oil-price-southern-kistos-coro-petrofac-and-finally/
https://drive.google.com/file/d/1QwINTdzBPdDeD_P_xMF8HKGyZeZiGViT/view
Omitted from yesterday.
Kolnick remains a believer.
TSX/SOU doing okay @ C$1.05.
https://money.tmx.com/en/quote/SOU
The spudded batch will all point due south and will pass under Mt Olive Rd.
Coordinates = 31.742585, -89.844858 are to be found on -
https://www.google.co.uk/maps/place/Mt+Olive+Rd,+Mississippi,+USA/@31.7420329,-89.8437422,667m/data=!3m1!1e3!4m5!3m4!1s0x8882b1a7e2a7c173:0x74441caf5d4c49d5!8m2!3d31.7547077!4d-89.8149445
(satellite view)
which is to be from a previously used pad.
#41 heavyweight it is.
Topdrive: VARCO TDS-11 SA 500 Ton 800 HP
Prognosis/reports received today are good.
Better in some respects to DEC although I'll take up a small parcel.
https://rapaddrilling.com/rig-41/
Behind the curve here if rig #41 with its 25,000' reach and greater capacity is the choice.
Plenty to examine on the latest presentation;
https://southernenergycorp.com/wp-content/uploads/2022/11/Southern-Energy-Corporate-Presentation-November-2022-.pdf
A reassuring update today.
Not enjoying a haemorrhaging SP but said I would hang in until H2 2023.
Well aware that 8Capital could start withdrawing but believe we can get to £1 beforehand . . . and beyond (?)
Nymex back solidly above 6 today.
Weather in Washington will be 21 over the weekend but from thereon it will drop dramatically to 10 degrees day and 1 degrees night so all being well the NG should start to tick up
Weather in Washington will be 21 over the weekend but from thereon it will drop dramatically to 10 degrees day and 1 degrees night so all being well the NG should start to tick up
You are spot on about folks having a grasp of the history of postings. Those that do might struggle to relate to your suggestion that I offer a different explanation for the placement 'every time I post on it'.
Pity you now seem to be entering the realms of fantasy.
Back up 7% on the TSX otentially recoveringvall of yesterday's drop.
Comments and criticism are understandable. Some might remember my annoyance at the time of the cash raise. Subsequent explanations for the step restored confidence.
Whilst precise timeframes are unknown a final add-on @ 63p - admittedly £2k only - was made last week. If anything I am lower in belief of turnaround in our economic recovery than SOUC's medium-term future.
Decline rates have been commented on in the past and were the subject of comms with Bruce Oksol and others. They are a factor and were one of the reasons for the ~$30m cash buffer . . . have the resources in the bank in order to maintain a continuous drilling programme.
I am neither crying nor whining. I do however think it's constructive for people who may read your posts to realise the history of them. For instance, you have a different story about the reason for the share placement every time you post on it. You don't know however.
I'm tiresome because I don't hang on your every word on this company. I'm tiresome because I'm bringing some balance to the discussion. It's sad you feel the need to attack anyone who doesn't follow and automatically accept your word on these things.
If I'm tiresome, you're arrogant.
So you didn't recognise the potential of the company early enough, bought in just before the placement and are still down on your investment as a result. It'd explain your crying over a 'corporate mugging'. As I have indicated previously maybe you should do a bit more research before investing?
The placing was done to raise finances to fund near term growth by acquisition and/or by exploitation of existing assets. The drilling programme that is about to start will hopefully result in a step change of SOUC's production at a time when gas prices are at historic highs. I expect the SP to increase as a result.
If you can't wait to see the benefits of that then take your loss, invest somewhere else and stop whining because your aspiration of an instant win hasn't been met on your expected timeline.
You are becoming tiresome and contribute nothing constructive which is both strange and, yes, sad for someone that claims to be an investor.
I
Not a sad outlook at all. A realistic, honest outlook from a pre share placement and therefore, current investor.
So that assumption is wrong too.
These discussions are called a thread for a reason. I'm sorry if that's inconvenient for you.