Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Solid production in the year to date, but with more wells operating than before, barge capacity well in excess of 20k bpd, no major operational issues besides a 3 day field shut down in March, perhaps a tad disappointing. The most productive wells appear to have been tapped, and the most recent ones whilst delivering a decent return when added to the rapid decline rate of existing wells gives the impression production over 20k bpd is a challenge.
Do people need to know every time you make a 500 quid share purchase, or that you're a budding property mogul. If alcohol is involved, I can see someone taking advantage of you, better take your mummy with you.
If Roxi had been captain on the Titanic, he would have informed passengers as the ship went down that it was their privilege to go down on such an august vessel.
Lousy Q1 production, Akatara delay probable, finance costs through the roof, have I missed anything?
Someone not quite seeing it as our resident super ramper Roxi, a 500,000 sale just gone through.
I thought the erosion control was planned to start in Q3, to tie in with the lower river levels and production. Why start now when Ptal should be pumping out as much oil as they can. Production for April 24 is well down on April 23
I don't think their heart is in these buybacks, they should have bought far more at the £17 level. They had a 2 month window to snap up shares at that price, before the SP took off.
The bids for NA won't have gone up with these results. Why are their driver recruitment problems everywhere, except Alsa.
There are reasons a company producing 20,000boe/d has a £140m market cap, which some punters on here are oblivious to.
SAS, as of today I have JSE producing.
Montara-6000.
PM-5500.
CWLH-4250.
Stag-2250.
Sinphu-1500.
Total, 19,500boe/d. 7000 of those are hedged at $70 a barrel.
Don't forget to factor in the increased water cut from the PM infills and Stag decline.
They're all crawling out of the woodwork today, me included. TMS, I don't know what institution you've been held in the last few months, but it clearly hasn't worked. I would have doubled the electric shock treatment myself.
11 weeks since any Akatara news. With Blakeley's recent track record, if there was good news to impart, he would have done so. Over the last 22 months he has spent any residual goodwill he had, and earned $4m in the process.
76 days since last Akatara update, 75 days left in Q2 for Blakeley to deliver on his promises.
Bob, I'd lay off the bananas if I was you. I think you might have a potassium intolerance that you're unaware of.
I kinda miss Gingy's moaning. In fact I'd like to see the shares go under £5 again just to read those posts again. Nothing to do with me selling my shares on the cheap yesterday.
As you say very different companies. On paper JSE looks the safer bet, considering the jurisdiction, river droughts and stroppy locals that Ptal have to deal with. Ptal also pay a 12% dividend and have a magician of a CEO, which means I end up sleeping a lot better at night as a Ptal shareholder than a JSE one.
Shearclass, I think you've shamed the market makers into narrowing the spread. Wise up 5% in the last month compared to 27% for Alpha.
Sturm, you have been here longer than I have. Ptal had a great run of wells with 8H,9H,10H,11H all exceeding expectations. Since then the wells have performed in line with expectations and paid back their investment, if not hitting the heights of those earlier wells. I've looked at the field and can't see why that might be. Any ideas?
Sold my Nov 23 holding at £5.27. I bought too soon then and probably have sold too soon now, but it met my criteria. GLA