Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
I have very limited knowledge of this stock , so am not suggesting potential for a Ghawar scale find , simply that the comparison would imply circa 400 to 500 hundred of Tcf recoverable As I understand Ghawar has produced 70-80 Billion barrels to date
Didn’t J Asher have pick of licenses way back when Tower entered Namibia before any of the huge finds down south . Way back in 2010 or something . Went for the biggest leads along with GBP . What’s interesting is that Tower have unwaveringly held Namibia for 15 yrs. long game maybe
Nice to see a new investor take so much. Lends a lot of confidence. And y3st Galp suggesting up to 10 Billion barrels in place . Huge stuff. Looked at the map of the prospect 2 yrs ago and knew they’d hit something big . It was a no brainer at 9 eu but I couldn’t invest personally. Money tied up elsewhere
Enquest would be much better served by buying Parkmead in my view for the conventional oil exploration / development upside. But I doubt the PMG CEO would sell at anywhere near current valuation - like AB , he has been building Parkmead for more than a decade . And EnQ are not really an exploration company anyway.
Been following EnQuest since IPO
They have spent the last 6 or 7 years trying to reduce their debt from if I recall around 2 Billion to manageable levels , and now close to the inflection point where mkt cap is nearing debt and shareholders might start seeing gains , a poster wonders whether they should take on another 1.8 billion due for refinancing in a year + decommissioning liabilities of 2 bn. Crazy
Whatever ones view of the CEO, the broader lack of interest is disappointing as the Thali license looked great on paper with its multiple prospects and domino potential if the easy oil is drilled. Looked like a shoe in to kickstart a broader development. Still does. It was never of interest to larger oil companies but looked like a company maker for a minnow. I chose this over char when both were around the 1p mark. Char 15 bagged despite having to appraise a gas field much further offshore. This has nearly 10 bagged in the opposite direction by now. Thali looked like it would be easy
At least he put in another sizeable lump . Just add a smidgeon like he did ,pro rata . Whether it’s a hundred bob or 10 large . That’s if you are a LTH stuck in this like me. Stupid to sell after such SP destruction so only option is to add a smidgeon , however small.
Small investor doesn’t stand a chance really
Computer algorithms designed to crash prices before retail has a chance to react ..unless RNS is amazing . Not the Rns hoped for but Didn’t read like a duster either
I had a tiny beer money punt on the off chance they’d hit oil by accident in the basement
They’ve had 15 fricking years to come to an agreement
How can an agreement be reached over something whose true extent cannot be defined anyway (huge oil exploration structures ) . It’s a fallacy . Agree on what’s known to be discovered between 2007 -2014 and factor in an adjust or reassessment process with defined limits every 5 or 10 yrs if needed . honour the contracts and investments of risk takers who funded the development of their country.
Apart from a few Chinese bamboo pipelines in the 6th century , There’d be no oil in the first place if it wasn’t for the West ( Drake , Darcy, Reynolds etc )
that can only be quantified by decades of further extensive and expensive drilling ( all the other unappraised underdrilled fields and prospects that was endowed by nature to them , which they could not have developed without the foresight , intelligence, ingenuity and risk taking of predominantly western geologists , engineers , scientists , investors etc etc