Member Info for Cebo-456

Harel, what suggests that exon will perform a DST, as far as I am aware, they do not have any permitting in place to do this, there is no other rig or vessel scheduled to collect the Oil and no flaring consent or capability to flare off the Oil.
I may be wrong but think any DST is highly unlikely, why do you think or know otherwise.

* lower MC but greater exposure ......

By my calculations, next Tuesday is day 60 of a well scheduled to take "UP TO 60 days". This includes pulling the drillbit/tree, plugging etc.
I do believe that no news so far is good news for ECO and even more so WTE (who have a lower MC but exposure to the drill). So if everything has gone to schedule (they may have gone deeper or side tracked but I doubt it without notification) then news should be out early next week- fingers crossed its good news.

Corby, its more like $30mln a year free cash to Alien. 1.2+million tonnes per year, costs $60 per tonne, todays selling price is $120 per tonne. This is assuming that the $60 is Opex and doesn't include the low CapEx for the project. It also doesn't include the extra Iron Ore that they will find when they start exploring the other 90% of the ridges on Han****. A 50% increase in Iron Ore price equates to 100% increase in profits to Alient as OpEx stays the same. This could be huge, and then we have Elizabeth Hill with not only silver but also decent PGM's possible, and of course Brockman which has huge Iron Ore potential.

Corby, its more like $30mln a year free cash to Alient. 1.2+million tonnes per year, costs $60 per tonne, todays selling price is $120 per done. This is assuming that the $60 is Opex and doesn't include the low CapEx for the project. It also doesn't include the extra Iron Ore that they will find when they start exploring the other 90% of the ridges on Han****. A 50% increase in Iron Ore price equates to 100% increase in profits to Alient as OpEx stays the same. This could be huge, and then we have Elizabeth Hill with not only silver but also decent PGM's possible, and of course Brockman which has huge Iron Ore potential.

Most just waiting for results I suspect - which will either send the SP rocketing - 40p if very good drill results down to 8/9p if a complete duster would be my bets.

Most just waiting for results I suspect - which will either send the SP rocketing - 40p if very good drill re****s down to 8/9p if a complete duster would be my bets.

RNS (1444hrs) this afternoon ref Gov Drill Funding - which hasn't been picked up yet.

Really need to see their "workings out" both DCF assumptions over the life of the project, cost increases and Future ore prices.

Wolfe, thats what traders do, and good luck to them if they manage to make a profit, most do not.
The potential here is huge, relatively low CapEx ($30mil) which will be repaid within one year is outstanding.
Ore prices are currently 123.4/t , the Study is based on $100/t price.
The maths add up on this project alone without the rest of the assets, Silver prices are on the rise again, with Gold and Iron Ore also projected to rise next year.
Let those sell that want to, the market needs all kind of traders and investors and once the small time guys have had their full, the real investors will likely take their positions and make real money.

Wolfe, thats what traders do, and good luck to them if they manage to make a profit, most do not.
The potential here is huge, relatively low CapEx ($30mil) which will be repaid within one year is outstanding.
Ore prices are currently 123.4/t , the Study is based on %100/t price.
The maths add up on this project alone without the rest of the assets, Silver prices are on the rise again, with Gold and Iron Ore also projected to rise next year.
Let those sell that want to, the market needs all kind of traders and investors and once the small time guys have had their full, the real investors will likely take their positions and make real money.

Not run the rule over this for a while, but todays RNS where the project is shovel ready and the Company indicating that they can go it alone with minimum Capax, it looks like a very decent buy in price at around .80p. Todays RNS also sends a message to any potential suitors and suspect that the Chinese will be very interested in acquiring the assett, or even the whole Company - a sale price of circa $50 million would be small change to them.

If the delay was due to Covid then they should have said so, otherwise a lot of investors will rightly take this as a huge red flag. I also think that those speculating that the delaying results is because of impending news are grasping at straws. Will be interesting to see how the market and SP reacts to the news today.

Oil currently at a 7 year high so bodes very well for the industry and Hurricane Energy.
Both of yererdays RNSs points towards monetisation of some assetts, with Phillip Wolfe the man to see this through.

Oil currently at a 7 year high so bodes very well for the industry and Hurricane Energy.
Both of yererdays RNS"s points towards monetisation of some assetts, with Phillio Wolfe the man to see this through.

By my calculations, Monday will be day 51 since the well was spud.
This well was scheduled to take "up to 60 days", including P&A, pulling the tree etc - no delays have been reported so I think news is due anytine and expect a few to take their position today with FOMO playing a part in case of a Monday morning RNS.

Maybe FOMO, as a 1bn discovery @ a Conservative 6$ per barrel in the ground to Westmount would be worth nearly treble the MC on this drill along, more importantly it would derisk the future drills and raise the COS. The guidance was up to 60 days for the drill, not approx 60 days - so in reality the results are due anytime. FOMO tomorrow for a Monday RNS may see this rise as investors take a position before a possible Monday RNS.

Phil Wolf's appointment is a huge positive here today. He is highly respected and it may also point towards M&A action given his experience with UBS and others. He also has all the credentials if needed to bridge the gap should Chaffe and/or Maris move or be moved on.

Phil Wolfe's appointment is the huge plus for Hurricane here - his involvement with UBS may point to M&A action and also gives Hur a well respected and experienced bridge-gap should Chaffe move or be moved on.
A much better written and more positive RNS update this morning but by no means let Maris off the hook.

Sapote-1 studded 28/29 Aug and was scheduled to take up to 60 days, including the P&A. So news could come anytime and those on board, certainly the drilling crew, will have a very good idea on how the drill went. Hopefully when they release the results they also give us an indication of the oil type etc.
My guess for results is Monday but may well be an intraday RNS, particularly if it looks like news is getting out.