Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
24 June 2021 RNS
“It is expected that the process of preparing for production testing (including perforation) will take 2-3 weeks, such that initial production is still expected to occur in around mid-July.”
&
28 July 2021 RNS
“Currently drilling materials and fluids are being recovered from the well, which is expected to continue for several days. Once the well has been fully "cleaned-up", pressures, oil and fluid types, and production rates from the Lower Cruse zones of the well can be ascertained - an important part of the process as this reservoir has not previously been tested/ produced. Thereafter, the other 200ft of net pay identified in the Upper and Middle Cruse zones will be perforated and tested, to give a full assessment of the well's production potential. Further announcements will be made as appropriate.”
It's not really that late 28/07 + 3 weeks = 19/08
I was hoping today was the day
"Discussions are ongoing with various parties in relation to a potential prepay facility over the Company's producing asset base in Trinidad and Tobago." = not a placing (fingers crossed)
nothing wrong with a CLN as long as the share price goes up
also S2 not funded by CLN
"As previously announced, we are pleased to have signed a Term Sheet with a third party drilling contractor to drill Saffron 2 subject to a stabilised oil price (above US$35 for a sustained period) and operating environment. I am pleased to note that the oil price has, in general, recovered from its recent lows in April 2020 and we are hopeful of a stabilised oil price in Q3 2020."
Proselenes - if you have BPC shares that you wish to sell for 0.5p let me know
CERP Market Cap pre merger did not include the cash now on account (after costs) from LO deal and with a much depressed oil price - therefore I'm comfortable with the price - looking forward to S2!!!
so oil disaster in an oil industry which cant insure against that event.
Who will clear up the mess when the oil company has gone under as the risk wasn't shared?
maybe they should ask Lloyds to up the cover rather than cancel it?
Just into the afternoon and twice the average daily volume has been traded, will it get to treble by 4.30?
I haven't read anywhere that BPC will pay 100% of anything less than a 2.3p aggregate sale price, just that a payment may have to be made if the aggregate sale price is below. Have I missed something or could it be possible that the downside is being shared rather than underpinned by BPC?????
Irene's been on the CERP BB for some time, value buyer when the SP is depressed is my guess, actually value some of Irene's views but not all, too knowledgeable not to be here not to make money!!!!!
?
to save myself the time rereading the funding plans can anybody remind me of these remaining £20m funds will come from?
2nd supply ship waiting at site
We are off to the drill site
https://www.marinetraffic.com/en/ais/home/centerx:-78.9/centery:23.3/zoom:9
you probably just saw a sail boat, link above for the special vessel near drill site, its been drifting really slowly from the gulf of mexico for over a day, HOS Black Foot should arrive in Nassau in two hours based on Marine Traffic but I cant see any ship picked up on sat that could be it.
Been wondering the same thing, the same one is still next to IceMax but a sister ship went off radar just outside Fourchon. On marine traffic you can see a supply ship moving slowly towards the drill site which may be that ship, the HOS Black Foot.
Does anybody know if all the kit will needed to be loaded will be on the one supply vessel?
In terms of Choppers, none today so far, based on the number of journeys on 15/12 and 16/12 and the capacity of the chopper its feasible that the crew switch over is now complete. However maybe not if the choppers weren't full.
Same chopper running backwards and forwards also
It hasn't moved. Keep an eye on HOS Black Foot - currently gone dark but its heading that way.
ship is still there with supply boat its not even 5am yet so doubt anything will be happening for a few hours
I’m afraid that ship has sailed
Investinvalue - no
worth doing some homework -https://www.gov.uk/capital-gains-tax/rates