focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
10:03
looking at the 14 day forecast for Prudhoe Bay the temperature is cooling and looks more like seasonal norm beginning of next week.
You can use the "yesterday/past weather" tab to go back previous years.
https://www.timeanddate.com/weather/usa/prudhoe-bay/ext
11:04
That oft quoted figure of $3.1 per barrel should be read in conjuction with the statement made by OSL in their 4th quarter report , 2017.
$3.1 was the headline figure but based on conservative calculation of resources, upside has subsequently been proven .
So OSL reckon they actually paid nearer $1.3 per barrel.
Of course POO is healthier now than at time of deal but how deals are negotiated can give a picture that may not be factual, Armstrong knew the like resource was likely much higher than that quoted in the original deal.
page 3
https://announcements.asx.com.au/asxpdf/20180123/pdf/43qzpc616f58vg.pdf
Ultimately fields are different, we are tighter but close to TAPS, so how do you value :-)
17:16
I am hoping that we will see temperatures starting to drop as daylight hours decrease (as projected), still unseasonally warm at the moment.
https://www.timeanddate.com/weather/usa/prudhoe-bay
Published spread and hence daily loss/gain is all over the place at the moment, not sure what can be read into it.
some news from Alaska
https://www.petroleumnews.com/pntruncate/841583893.shtml
Https://88energy.com/videos/?playlist=2db02557&video=fd7408f
Wonder if would be of use or interest to 88E.
https://dog.dnr.alaska.gov/Document/Download/90E42A42618E4F81AC140061DB0080D3/Public%20Notice%20Future%20Release%20of%20Exploration%20Data%20and%20Information.pdf
09:07
The DOG decision letter mentions "project is anticipated to begin mid-September 2023 and end mid-October 2023.", so inference is ~ 4 weeks.
The last RNS stated that expected mobilisation of Rig111 will now be the last week of Sept.
Of course things may not run exactly to plan but Alhaid 2 is on gravel so less time constraint.
https://dog.dnr.alaska.gov/Document/Download/52A49A3414A04A24AFAF32942FBEAF22/LONS%2022-002%20Great%20Bear%20AKU%20Alkaid%202%20Re-entry%20Project%20Unit%20Plan%20of%20Operations%20Amendment%20-%20Approved.pdf
More on the Santos deal on leases NE of 88E.
https://www.petroleumnews.com/pntruncate/454254217.shtml
https://www.petroleumnews.com/
22:40
No one here can be certain , lots more shares in play since the last time, reddit factor unknown but we are flow testing so a result is possible and good results at our neighbours may provide a filip.