Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
On top of my head i think it was NTOG.... they put out a +ve rns at 16:20 or something like that....everyone started to pile in.....lots of talk over wkend......monday did another 100%-200%....
Point being...
wouldn't be nice if beacon put out +ve flow rates....at around 16:00 today......everyone will be scrambling for shares....N/T would become the norm....then....MONDAY would give us another MASSIVE push
Ezhik...u make a good point re-reserve update....i was expecting later....but to fair/honest they have had almost 3 weeks...now...so its possible....they could update us on reserves being upgraded with flow test results....larry likes giving us surprises
Well on MONDAY it will be DAY 23 since TD being HIT.....
We are getting ever closer now....
Drill was completed some 31 days late....DELAY was well worth it.....
Hope delay in reporting FLOW RATES is equally DOUBLE WORTH IT...."DOUBLE"....
YES
1. For "Meletta" Zone
2. For "PBS" Zone
Meletta coming in at 100bopd-400bopd
and
Pbs coming in at 500bopd-800bopd
will do us nicely
As i thought....monies from the likes of PYC....is coming back.....
Hope we get BUYING PRESSURE building into close.....we should have easily been near 0.25p by now...nevermind still time....
Erebus55....this is AIM...too many traders.....too many chasing rainbows...they jump from one share to next.......some bought in here yesterday hoping to see rns 7am.....as it didnt show up....they have sold....and have moved to ....the likes of PYC.....be4 day ends....they will be back in here....as they wouldnt want to risk being out over the wkend.....
Its become a norm these days....trying to catch next big mover or getting buying into a share which is moving...
traders/investors.....should be all over this once +ve flow rates are announced....
We all know how expensive drilling can be....£10m £20m £30m etc...depending where in the world u are drilling and/or it is onshore/offshore....
Well here at beacon we do not have that problem....our drilling/well is at approx $4m/$5m...CHEAP or what....not only that...we have reserves aswell as other discoveries.....
This TRUELY can become transformative for us shareholders...once PRODUCTION starts and if FLOW RATES are anywhere near pre-drill estimates ( 600bopd ).....then expect DOMINO's effect...one drill to next...increasing CASH flow as we go long....
600bopd = £12M/year profit.....in 3mths we can easily drill 2nd well....that will be at £3.5m cost.....by Jan 2024 we should have 2nd well online/production giving us another £12m/year profit....- minus another £3.5m for 3rd well.....which we should start drilling by JAN 2024...by April 2024...we should have 3 wells online....
From well 1 ( schb2 ) ...£12m-£7m= £5m from well 2 ( schb3 ) £9m profit in 8 mths.......from well 3 ( schb3 ) £4.5m profit in 4 mths...
Comes AUG 2024 12 mths now.....we could be sitting on something like £20M profit ...having drilled 3 wells....at 600bopd per well.....
No thats what i call self-FUNDING...proper GROWTH company this....
all we need now is CONFIRMATION of 600bopd from schb2....
HAPPY DAYS!!!!
Well....if you do....then ....GOOD LUCK trying to get back in MONDAY MORNING...hope for your sake....there is no rns.....because if there is....we could be EASILY looking at 20/30/40 % GAP UP on open....
One way to avoid being locked out is....dont try to be smart...and try to out do the market
Ezhik...they was always going to HIT two PAYZONES....that was known from outset....imo 12 days given for testing would have included them testing both zones together or separately ....they would have known at the time...which root they was going to take....could have been easily....6 days for each zone.....we wont know.....until they rns.....
To the point where u say.....they didnt know the outcome of the well....meaning how good it turned out to be...i.e QUANTITY/QUALITY would have changed things...to that i say.......i think they must have known the possibilities ...hence the range.... 200bopd-1500bopd....
Like i have said.....doesnt bother me in the slightest if they took few more extra days....and like u suggest if they did adjust their plans...and did two zones separately and that worked in our favour longterm....i would say...yes go ahead and do it.....time should not be of an essence here....do it so we have more and better knowledge from this testing...so we could optimise our profits/chances go further...
Larry said ib that interview we should be in PRODUCTION by end of july/starting ou AUG....end of JULY would have meant everything went as planned no delays etc....starting of AUG maybe slight delays...
We was suppose to reach TD in 25 DAYS....instead it took 56 DAYS....so if you ADD 31 DAYS ( mth )...to end of JULY/Starting of AUG......you get ....End of AUG/Starting of SEP.....so imo we are in that WINDOW now...rns still can come anytime from now-in...one key point of note.......we hit TD on the 13th of AUG....yet we did not get update until 16th of AUG ...when they gave us....reason for rise rns..possibly due to LEAK....
We are already in DAY 20 since hitting TD, key thing is them coming up with good FLOW RATES...600bopd+ will do....take few extra days....thats....fine/ok....
I agree.....remember what larry said......we shall be OK good and ready to go...at 600bopd.....if lower we go slower....if HIGHER we go at FASTER pace...
lets hope at bare minimum we hit 600bopd....which i think we will easily....
"We are pleased to announce that the SCHB-2(2.) well has encountered good flow rates from the Meletta-Schichten ("Meletta") sandstones and the Pechelbronner-Schichten ("PBS") sandstones within the Stockstadt Mitte segment of the Erfelden field, Combined flow rates from both have averaged XXXXbopd, we have sent oil to our nearby production facilty where it will be processed and sold on to local market. Please note production from SCHB2 has been bought to onstream as outlined. The team is already working swiftly towards drilling SCHB3 in coming months. Due to higher than pre-estimates flow rates the bod has decided to return some of the cash back to shareholders." 🤣
Well something like this will do....what them XXXX will be ...is anyone guess....
Givos....lets hope this BOAT stops at 0.25p.....and some JUMP off....then at 0.30p more can JUMP OFF.....need a STEADY rise....last thing we want....is MASSIVE SPIKE to say.....0.50p....then everyone off-loading...even though....retrace will be short lived...as REVENUES will start to come in.....
Dont matter when TRADERS sell.....they have been selling from all the way from 0.08 UPWARDS....and no doubt will continue to sell....all the way upto and beyond 1p+....
REAL monies will be made by INVESTORS...
Key here is...not just upcoming FLOW RATES....but....other NEWSFLOW which is coming our way....and more IMPORTANTLY all the CASH FLOW coming this way from SCHB2 and then SCHB3...
imho only way is UP....not in a STRAIGHT LINE...but UP.....
HAPPY BLUE DAYS AHEAD