Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
that 2.5 million sell at the end. Ok, last one from the placing. If not, cant be bothered any more Lol.
I will just wait till around 20th of sept :)
However, there is demand at 2.4p now so slowly creeping upwards, boring i must add but good and stable
may 30 rns. "well slot for the Stena Don to drill the Serenity appraisal well has been secured where the Stena Don will come onto contract on a date between 15 August and 15 September 2022."
since stenna don has been waiting near the location, i assumed it would be eager to start the works ?
so we may see the results even early september,?
not too sure, just my thoughts
will definitely shoot up soon. Little sells keeping it down at the moment. These 'loose' hands will dry up soon and then NT will be required to buy any decent amount.
A week left before the drilling and i assume stenna don will start near the 15th as its been waiting there doing nothing. As we get closer to results, the buyers will be gathering and finally the BIG herd. I hope so anyway.
can anyone imagine the SP at this level IF we hit 50 - 100 million barrels, NOPE.
agree 100% tovoc, wressle defo gives us a base. Current earning of $10 million p.a doesnt justify the 2.5 SP. I think once the half year results are out, with a net profit, then we will see a rise and find a new base. And then more news from wressle itself will be the bonus.
i sold my mcm holding with a little profit and added here.
gl
30k daily production would be massive for eog.
I think we will easily prove around 50 million barrels. SP reaction to that probably jump 6 to 7p on the day imo.
There aee some poster on advfn saying it might not contain anything, but i see that as highly unlikely as 10 million has already bèen proven and the drill site is close to that.
SP slowly crawling up as we get new herd daily.
gl
i have heard rumours of a lot of buyers coming in tomoro,
https://m.youtube.com/watch?v=XWBR8XbqlPk
should NOT have serious financial implications, give it break GP
eog net income is now £5 million yearly. 25% of a new well drill will be £3.7 mill.
Even if they require one in the success event, 20 million shaee at 10p will suffice
has been very stable at 2.25 for past week even with the huge sells.
Strong feeling thats the end of 2.3.
Although i had that feeling 10 times now. lol
But we are 2 weeks away from drilling so if good news, nobody will be able to stop this. Drilling near proven oil of 10 million barrels found already, so a very high chance
Gl all
13 years of production. EOG is definitely for the long term now.
According to ujo, our half year revenue would be around $5 million plus a bit from the old producing wells. Say $6 milion.
Net profit about £3 million.
very informative posts guys, thanks.
£7 million for 2.5 mmboe is ok But dont forget i3e bought ALL of its canadian assets for £30 mill for a lot more barrels. i forgot exactly but very big assets although during oil price of $40 i think.