Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
From my uninformed reading (donāt understand the science), āskin issuesā is code there could be a numerous causes. My understanding is itās hard to tell the cause/s and is really expensive to address. And rarely is addressed successfully. So a good question is if the plan to throw money at this issue or move on? And what has been done to date?
5.5 they said. How disappointing. I think we should have realized how fracked this partnership was when TAM was touting 5-5.5 and FOG was touting entirely different expectations. TAM was pushing news feeds as if they were positioning themselves for production while FOG released these terrible results prior to TAM. What is going on here?
Anyone with fracking knowledge know if this can be cleaned up and if unassisted flow can happen? I do not understand what is meant by a skin issue and additional testing is being carried out? I donāt want to overact here but his seems like the worst possible news.
We are going to hear the results on Monday or Tuesday is my guess. Canāt imagine they would release the numbers the same day as the meeting. Curious to hear why they flared then shut in the well for two weeks. I think anything over 3.5 will be taken as good news. Anything over 4.5 will be great news. And anything learned will hopefully lead to the final carried well achieving excellent results. Fingers crossed. Todays flare looks slightly bigger than the past. GLA.
Sorry I am confused. Probably neither here nor there.
https://www.investi.com.au/api/announcements/tbn/36aa8475-01c.pdf
Not sure I agree with your statement in this context. He can provided updated data. FOG did shortly after they started a flow test. Another way to look at this is Tambo flooding the market with lots of news because they know the results are going miss their previously represented expectations. I want good numbers. But given the two week shut in for some unknown reason Iām not confident.
Wonder if there is more video of this interview. Concerning he didnāt mention our well. Not even a hint. They def know something by now. Not even a statement like we are very excited to announce rates in a week or two.
One thing has become abundantly clearā¦nothing is moving this stock price other than good numbers. And this hedge fund has some iron balls. Doubt they have insider information.
OK. The best thing POQ can do is keep his mouth shut until they have good news or not. Promoting this stock is what has caused so many (including myself) to not trust much of what he says. FOG was tempered in their expectations about this well. TAM was not. Now that might blowup in our face if the results are not above 5. Dry rock is an issue. New larger casing not testedā¦.the code has not been broken. Too much uncertainty to go off promoting IMO. Hopefully we will learn something very shortly.
It is possible that if they used a nitrogen lift to kick start the well initially it will need to clean up soā¦lower level of gas and a smaller flare? We get updates every five days so they could have kicked started it just a few days ago and itās still clearing up? I know little other than what I learn from YouTube videos.
Does anyone with an understanding of this process have ideas as to why we would see a flare for two weeks and then nothing? Is it because the rates were not very good so they shut in the well to see if that would improve them?
My guess/hope is the images are effected by weather. It is has been cold and rainy I would venture to guess itās harder to pick up a heat source. I donāt have the time, but maybe compare the weather on the dates that appear to show a flare with 5/8 where there appears to be no flare. Letās see what tomorrow brings.