Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I agree with you S.A. won't see any development, and it is ashame, I believe this is the best property, and will flow without stimulation. In OZ we should hear that total depth was hit this week ! Next week should be revealed if horizonal will happen. Very important news coming very soon .
I believe that since the market is up to record highs in the US and Falcon is down 50% that is very possible to see yearly lows in December, but I don't know the tax laws for UK and Canada, can you offset profits with stock loses ? Is this a common trade practice in these countries ? Finally do you believe that you can get out in December, wait, then get back in and hold for the favorable long term capital gains tax rate ? And do UK and Canada have a long term smaller capital gains tax? Thanks cause I don't know.
Well the meeting isn't important enough for the BOD, nothing gets done and shareholders travel from all over the world to get basically a short rundown that could be decimated by email. So skipping it, as most of the company officers do until something substantial can be reported is another cost savings. Lol,
Yes it would be nice if meeting was in late Jan. or Feb. Would be nice to know if we are still in Hungary and all reclamation cost taken care of and office closed and staff released.
I went back to 2010 and the stock price in March was between 17 and 23 cents US. So if Brunner ruined it, what has POQ done. Brunner got us in to Australia had partners lined up and maybe , no one will know now , could have already developed this field. Two different styles, Brunner was pushing , moving and gambling. Had contacts with the big boys, and said he had many major oil companies lined up. All speculation now, but in my conversations with him he was always out there, continually trying to find a solution. JMO
7 more days of perfect weather at Daly Springs, looks like it will hold till TD hit sometime next week. everything going in our favor. May see some results by late January if this keeps up. Price may bottom end of December with tax selling, since this is down 50% since January.
No one is suggesting if there is no gas down there , its what will it take to get it out at a profit ! Mako has gas , not feasible to get out today. I used to own a company that needed 9 dollars a MCF to make money. So how many MCFs per day will it cost to make money ? The doubt in the market place is, can these tremendously expensive wells bring home the bacon. Last well was over 20 million , well head price ? Cost to transport to major pipeline about 30 cents , cost to market about 50 cents, cost to remove carbon dioxide ,water, maybe H2S ect 90 cents. Last well was so costly it would never turn a profit. So how many MCFs per day will be needed ? I know what's down there, what investors need to know is what will it take to pay the bills ? GLTA
Gas reserves denote the amount of natural gas that can be technically recovered at a cost that is financially feasible at the present price of natural gas, hence reserves will always change with the price. You see oil companies revise their reserves all the time; some times closing down fields altogether. That well cost 24 million ,gas flowed at 1,000 MMCF per day. So it's contingent reserves at this time. JMO