Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
yes many theories.. doubt that Sarawak is there for raising cash for tunisia...
the setup of directors etc, makes it look like Sarawak project and other potential SthEast Asia projects are the main menu, and that tunisia will be left for dessert eventually :-)
(just a theory)
cluelesstim,
i believe that this issue has been discussed a few times now, and that simply it had to do with lack of infrastructure which is now in place, relatively nearby, as well as possibly the actual gas price...
check it out on telegram group as well, cos i this was covered there as well..
tapper2.. yes.. i did... the RNS plus the two interviews and the broker note... ;-)
anyways.. will not write about this topic here on ADV anymore...
BigPlan,
agree with Nate-PI..
besides in the proactive interview he states that total of at least 90m of helium shows covering the 5 karoo areas..
and also states that the fizzy wizz stuff they could actually wireline log, was in fact simply part of the 130m seal itself -consisting of 3m thick sandstones interbedded with the shales...
my first thought would be that you probably wont find helium discovery in the 130m seal itself...
the other 4 areas in the primary Karoo reservoir never got tested..
so TAI1 result is inconclusive in regards to whether their is commercial helium deposit down there... and therefore will need to be re-drilled at some stage...
my interpretation from other pieces of info, is that the redrill cannot be right now, cos they will need a rig that can drill wider diameter holes etc... but am happy to wait to see if this holds, once they have completed their detailed analysis of what didnt allow them to test those 4 Karoo helium show areas, and whether a different rig would definitely alleviate the drilling issues...
Bunsa... no...
in that interview he did state that they were going to be testing etcetc... it was overly positive in regards to fasttracking etc..
but easily could have been done before they realised that they wouldnt be able to wireline log below the 850m mark or so...
i dont see where it ramps and deramps...
states that current rig can be used for ongoing shallower targets or prospects, but that TAI might need a rig that can drill wider holes (meaning stronger rig)... goes on to indicate that nothing has changed form pre-TAI risked and unrisked sp valuations...
so sp can again be at the old risked level of 25p :-)
SeaHawk.. this Tai1 drillhole is basically undetermined...
they did not get to test the lower helium shows at all... so thats why it needs to be redrilled later on with a stronger drill..
DM probably not being too specific right now because they will no doubt be analysing all and reassessing how to go forward, and the interview with Zak was very short, without real probing Questions being put forward...
HE1 Investors;
based on DM interview with Zak, + RNS + todays Hannam note;
Tai1 NOT a duster...
simply the drill rig they used is not strong enough for the deeper stuff, below the 800m or so..
so current rig can be used to go ahead and drill shallower propects..
but looks like for a Tai redrill, they will need a stronger rig (just for that extra 350 to 400m or so) :-)
Tai1 definitely NOT a duster...
(am also wanting to get into ADV based on its own story, but not until next paycheque :-) )
SeaHawk.. why stuffed ?
use the current rig to go and drill a couple of shallower targets.. ie; down to 800m or so... right ?
should get some success with that... and then in next drill program do the deeper stuff with a stronger rig... ;-)
its only another 350 to 400m... ;-)
i think that if they could get to some real work, that they would have completed the new CEO issue at the same time... the timing of this was rather smashed with the covid situation being amplified everywhere... and not much has changed yet...
shouldn't be any malay politics involved in the sarawak award of licence 334, because the one next to it was already done some time ago... applications were completed etcetc and its just now waiting to see that upl was awarded this licence...
nothing more to it...
in all fairness, if the company itself has a say in the timing of licence award (presuming it will be theirs), then the licencing board could have been told to delay it for some months, due to the fact that the corona situation around the world will probably have a serious dampening effect on upl doing much work at all on the licence... so why have it awarded now, and not as the corona situation clears up much more... just my take on the issue..
Anyone else able to get any information on the Petrobas brazilian drill on their Guajuru prospect in the Barreirinhas basin ?
(which is referred to in the Financial Statements commentary)...
I tried to find something, but have been unsuccessful so far..