Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Camelot,
Just maybe Sheffield told POQ that seismic is just a hand job andjust get on with the job and drill baby drill. Honestly, how many millions and years have they spent studying seismic and how much better of they would be if they spent that same amount on drilling?
jhealy, I don't know if they didn't realize there were connection issues until after the call or not. I do think the inviting questions and answers on the upcoming call is definitely more noticeably promoted--hence my thinking re an unseen hand directing this new meeting.
Origin, this is a surprise and unprecedented. I'd hazard a guess that a large shareholder (Sheffield??) called POQ and suggested he fix his attitude and make amends for the crap CC that was supposed to be an AGM. This is very positive.
And, although they have reserved a ticker symbol--TBNRF--for the US OTC, it doesn't trade yet.
FOG has 17 million. They will probably not want to get below $10 million before they do a cash raise, which seems to be a bit of a road block if their Partner remains true to form of being too slow and too expensive. So, I worry investors will be stuck with the bill once again and suffer either dilution or loss of assets as FOG carves off more land.
gonoles,
thanks for the link, on page 7 " Stage 3 Drilling and 2D Programme Objectives • The primary objective of the two wells is to: to Obtain a production rate over the first 30 days of between 2-3 MMscf/d to support a multi-well pilot programme in 2023/24. • Secondary objectives for the Stage 3 programme are to: o Achieve a drill duration of less than 45 days "
This is desperately low hanging fruit, and it would seem a certainty they will beat both of their thresholds for success.
(now if they gave a 14 day drill completion, I'd be a little happier....).
UncleBuk, don't set yourself up for a let down over lack of news at the AGM telephone call. Origin is still driving the bus and AGMs rarely produce news releases that are market moving.
Just in case you missed this https://www.wcap.ca/investors/news-releases/details/whitecap-resources-inc.-acquires-xto-energy-canada-in-an-all-cash-transaction-and-increases-dividend-by-22%25/239
https://wallmine.com/tsx/wcp
new, thanks for the first hand details.
UncleBuk, a brief trip down memory lane.
" Burlingame Asset Management, LLC ("Burlingame"), which exercises control over approximately 17.5% of the outstanding common shares of Falcon Oil & Gas Ltd. ("Falcon"), wishes to publicly express its disappointment that the annual and special meeting of the shareholders of Falcon held onDecember 10, 2009 in Vancouver, British Columbia was abruptly adjourned to December 22, 2009 with no advance notice to shareholders and for no stated business reason.
Blair Sanford, the managing member of Burlingame, said, "A number of shareholders, us included, invested both time and money in order to attend the meeting and it is of great concern to us that the scheduled business was not dealt with, without any warning or justification given to the meeting by management. We fully expect Falcon to proceed with the rescheduled meeting, and reserve the right to take all steps necessary to ensure that Falcon's shareholders are not disenfranchised of their rights."
If this teleconference call last 20 minutes, I'll be amazed. And I think everyone knows there won't be hardball question presented.
UncleBuk, it's all about controlling the narrative. I think herding cats is an appropriate viewpoint in this case.
Sneaky, yes...I'm out and as I'm suffering Stockholm syndrome I long to buy back my shares, but, I really need to see someone drill an economic well. We all remember the Mako, and I'd just as soon not relive that fiasco down under!
This announcement is pretty much in the usual vein for Tambo--promotional and forward looking. Not that these are bad qualities, but realize this is more than a piece of fluff--but not a lot more.....
Long, to answer your question "what did we get done this year?". Most importantly FOG preserved capital and even loaded the pantry up a bit with Sheffield's donation. They will be able to roll forward without worrying they won't be able to meet payroll.
New, hope you are right. Do you think Tom is going to take over the reins from Origin and run the program?
Green, I doubt there is some big secret. Based on Origin's results to date, I believe they are not wanting to spend more money without strongly believing they will have the most successful results they could hope for. Towards that end, I believe they are closely watching Tambo and Empire's engagement and planning on building on what ever successful methodolgies these guys use that are successful.
gonoles, seems if that is the case they are planning on catching the rainy season.
Sneaky, yup, and as they saw down at the local knuckle drag'n bar...."Will ya look at all them coal fired Teslas driv'n by..."
Oleo, the political risk everywhere is growing. I'm sure most governments will be eyeing all those lush profits being made by the oil companies, which will be like ringing the dinner bell at the hog trough. I suspect Biden's tax holiday on gas or rebate program will be funded by slapping on windfall taxes on the oil producers. And, I can't imagine Canada won't way over play its hand and slap hefty business killing taxes on oil producers.
Oleo, here's some interesting reading on Vaca Muerta . https://en.wikipedia.org/wiki/Renationalization_of_YPF