Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Dissapointing SP yes.
Anyone want to run the numbers for likely Mkt cap if Trp manage to go from 0 to 4000 boepd net ? (50%of 8000 boepd suggested previously) For Oil price scenario at 50, 60, 70, 80, 90 and 100$ barrel.
didnt realise there was a consolidation here 5 yrs ago. in this for 2 years or so . did have it on my radar back around 2009 2010 when it multibagged on Namibian CPR
re. Consolidations - i have much negative experience of them. GKP SEY PVR . Im absolutely not suggesting a 1 for 100. 1 for 10 or 1 for 5 maybe . take your point though. but anything over 1.5 Bn shares is too much.
Trin looking good for a sustained uptrend in next yr or 2. Cairn will be throwing off a lot of cash at 50k bopd. and theres the India award too. Cashed up and ready to invest some in Trin projects hopefully
concur with this. whether at 0.7p or 0.35p getting a few hundred thousand shares took a while. strange with 1.5 Billion odd shares in issue. Also the share camt seem to hold momentum even though it moves fast. every rise is being sold into. I wonder should they do a consolidation 1 for 10 would bring it back to 150 mill shares and might allow for a proper move on good news. A 3 or 4 pence per share stock at current levels looks better with a mid term target of 15 or 20p
12k boepd but not reacting to increase in oil price?
sorry that should read *cumulative upside potential of around 150-200 hundred million bblsthey mention the deep prospects also
Envoi Cameroon page relating to TRP farmout is very interesting and quite bullish imho. cumulative upside total of several hundred milloon bbls. much nearer term than Sth Africa or Namibia imo. A path to production starting with a relatively low risk appraisal well .
here we go again with the Shaikan is worth nothing / heavy oil argument. the oil gets lighter as you go deeper. the Cretaceous is heavy oil in the 12 degree Api range. circa 1.5 Bn Oip and not even in the current CPR for all intents and purposes. but valuable as bitumen for road building in the future. Then theres the Jurassic which is a Giant resource in itself and ranging from 18 to 25 degrees Api at the top to 36 degrees in the Kurra Chine lower down. Then there is light oil lower still as high as 46 degrees Api which is actually almost condensate. The Triassic was only barely tested. Shaikan 1 in 2012 tested cumulative 24, 000 boepd including light oil . Long term holders are sick of the tactics being propagated here. We've heard it all before. Look at the GKP share register and who the ultimate owners are behind several of these funds. And for your info heavy oil is valuable - the Kern river oil field in California produced for more than 100 yrs. Total and Chevron are 2 examples of heavy oil developers. And almost every Giant and Supergiant Saudi field is also complex with fractured Carbonate reservoirs , tilted oil water contact, zones of ultra high productivity amingst poorly producing zones etc etc. Did you know the first Ghawar well tested only 2500 bopd? look at the early Shaikan flow rates .
the deep water slope prospect or should i say stacked prospect is hardly just a picture
the prospect is some 20km x10-15km in surface area. Its about 150km from Totals success so not quite nextdoor but Total have hit 2 in a row so geological chance of success for TRP here probably increased considerably. Its Gas condensate that Total discovered, so a worthy comparison might be Darwin - drilled by Borders and Southern which has about 460 mill barrels recoverable and had a flat spot anomaly. Sth Africa was once joined to Argentina geologically speaking. The Sth African discoveries are obviously much closer to emerging markets in Sth Africa itself and the likes of India so should be more sought after in due course.
The opportunity may be there to test the 3 stacked structures with one drill and the ideal scenario is just to let a Major get on with it and retain a free carry. If New Age retain operatorship that might be more in TRPs interest as they might be more willing to disclose results so they can sell on. Whats also interesting in latest map is that the largest prospect in the stack extends east into the license nextdoor.
Oil into the 60s as i write with 70$ in sight so if that doesn't attract a partner to the Thali drill i dont know what will.
Gla, holding this for 2 yrs now
More detail on the site today. The South African prospect looks very substantial and with 3 stacked targets. hope TRP can retain at least 20% in a farm out scenario
TRP have several v large separate prospects of their own in the license immediately Nth of Globals. Also Globals update today is for 1 of their 2 licenses as I understand. lastly Reserves are proven after drilling. Resources are Potential volumes of recoverable oil in best mid and low case scenarios , based on size of prospect closure / area volumetrics etc etc. The figures by Global today are not reserves.
As I understand, anything over 25k is considered a professional trade so 50k worth at 0.4 p looks interesting
Its not down to me to have confidence in Jaap H. Sakhalin was previously described as the worlds largest and most technically challenging integrated oil and gas project by Shell. the OIP for Sakhalin 2 more or less correlates with Shaikan.
Im holding Gkp since pre Shaikan 1 drill btw .
Karaan
how long have you been invested in GKP out of interest ?
who do you propose replace the 2 Board members?
do you have any ex directors of 14 Billion barrel oil developments lined up to replace Jaap ?
how will they be voted out ? Institutions own most of the shares that are available for voting now when the 40 something percent that didnt vote is considered also