Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
But alas, that's not going to happen.
The drilling continues, and that video shows them running pipe into the well at a good rate, not quite sure where they are with the actual technical aspects of the drill, but the fact that they are running pipes shows a few things (see Push2 posts for insights).
Hoping that end of next week we'll get an RNS with some good news. Then I expect push2 to pop back on here and make comment to all the XR activists who worked well in their WhatsApp group to co-ordinate an attack against push2, we know who you are!!!
14 days was very optimistic, I feel it'll be closer to 28, but let's wait and see how supply chain and weather impacts on progress.
28 is a nice number, it's ties to a half decent film, 28 days later. I'm think XR activists like Mr008 will be zombie like come the success of the sidetrack. Poor sausages, they'll not be drinking fermented nettle wine this time round.
Cos UKOG don't have anywhere enough to cover the costs of HH2z injector + seep drill in Turkey, and don't ask how they can fund Loxley, BB abandonment of the drill of the next duster in Turkey.
SS doesn't care though, each placing = 4-6 months closer to retirement.
LOL Mymine, do you not know how to interpret basic math and forecasts for the Wressle asset? It's short term, after which that cashflow runs dry and UJO will be spending huge amounts of cash on dusters (i.e. WN).
Wouldn't want to be out of UJO over the weekend. LMAO.
Gas to site, yawn, you're talking small potatoes there.
Just wait for the cash calls to come piling in for WN, the dead duck. UJO should give up their interest there and avoid paying for a load of dust. DB will not be bothered though, he's ready for retirement, it's coming soon enough.
But fear not, you have the queen of Twitter Meme's on your side DB, she'll put out loads of tosh tweets with crappy graphics.
£1 party, I said 1p party. I think it'll see 1p before £1.
I hope you do decide to change your position and post here in the near future. If it is only to rub the noses of the XR activists here that prey on true PI's.
The knowledge and experience that Push2 has used to help educate folks here has been well received by true PI's.
However, the XR brigade are now probably drinking fermented nettle wine in celebration of their collaboration to cease Push2 from posting. Well done XR WhatsApp brigade!
I'll raise a glass to Push2 this evening down my pub and say a thank you for your insight and positivity. Like you, I'm 100% confident that ANGS will deliver on the side track and that SFB will remain the largest on-shore gas producer for a long long time!!!!
p.s. fermented nettle wine tastes horrendous, it's nearly as bad as the tosh published on Drill or Drop.
LMAO. Despite all the £1m revenue RNS's, UJO is still sat sub 30p, true value is less than half that. You need to work the figures and look at the 5 year picture, UJO will be spending huge amounts of cash on pointless exploration. Wressle is nothing but a short term cash cow.
Someone contact that bloke who was running the Sando out campaign. I bet he could get 10% with some support. Kick the useless CEO out. Sando is in it for #1, he has zero interest in providing duty of care to shareholders. He forgets who he works for!!!!
Do yourself a huge favour and assess not only the very poor company assets, but also assess the CEO and the BoD.
You'll struggle to find a worse CEO or BoD anywhere else on AIM.
They refuse to do interviews, they don't do investor sessions, they hire beef to keep them safe when they are forced into making public appearances.
This is the O&G business, unfortunately, but of the type used to fuel cars, not the type belonging to snakes!
RNS = can kicking = cannot find a partner = time is running out = UKOG cannot raise the cash to do it themselves or they would = no gas anyway = potential partners are not stupid = but PI's are = another placing or 2 in 2023 to come = SP = 0.04s soon enough.
It's not hard to see what's going to happen and why!
No gas in the reservoir, is that the updated CPR that ANGS commissioned through a professional company, or is it the view of an XR activist who cannot string 5 words together properly?
LMAO. Seriously, just read the CPR!!!!
To add to the post... If production does drop-off then I am aware of the implications of the hedge and how the company would be impacted. But I'm not thinking "worst case" outcomes, I'm thinking "less favourable" outcomes.
Each to their own.
Was at a trustees meeting and had some time to reflect on the basics of keeping a business afloat.
It pays to be a pessimist, to consider the less favourable outcomes when determining budgets and financial forecasts and associated business plans.
Considering ANGS and Saltfleetby. I'm considering less favourable outcomes. i.e. 2nd effort at a sidetrack results in similar failure, Balcombe appeal lost and Lidsey left as-is with no further development. Some might say that it could be worse, e.g. Balcombe approved resulting in extra costs with testing being a failure.
So roll the above forward. How long until this current hedge arrangement closes? What for the future prices of gas? Will Putin give up on Ukraine?
I'm now thinking that post summer 2025, ANGS will be getting 100% revenue from Saltfleetby, if that is just half of current production at half of current gas market rates, then it's still an incredible position.
I was expecting success on the initial sidetrack effort and based on that I had a target of 5p by Easter 2023. Now it looks less likely and I really do hope that GL delivers successfully and builds some confidence in the PI base. But I'm not counting any chickens and have moved my outlook on ANGS to a long-term hold. I will await results of the sidetrack effort and if that is successful I will certainly be buying more for a long term hold.
SS loves to swan around with fancy mates, wining and dining. But he's got zero time for shareholders whom should insist of an investor Q&A session where SS is forced to answer questions on the record!
Question 1: Why have you not gone back to produce from the Kimmeridge layer at HH using the existing HH1 well? Is it because you have damaged the wellbore downhole of the Portland play?
GO on SS, answer that one, on the record! And then tell shareholders why you have kept the truth about HH1 quiet for over 2 years!