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Is this link better: https://www.globaltimes.cn/page/202108/1231246.shtml#:~:text=The%20pipeline%20is%20scheduled%20to,National%20Petroleum%20Corp%20in%202014.
I haven't looked into the Russia China pipeline since it's planning in 2014, interesting to see how it's working out: www.globaltimes.cn/...
Not sure how you concluded "you seriously believe that we'll get nothing for our 1M acres of prime Beetaloo?" Oh well, I maintained the SP of Tambo and the SP of FOG are differentiated due to management and NOT resource. But, make no mistake, if it cost more to produce than you can make selling then you are going to go bankrupt. Management is the key to keeping cost appropriate to sales. And, if you want to see your bank shred your line of credit, all it takes is-- either via market pricing or mismanagement by the company -- to become uneconomic.
Stebol, management is EVERYTHING. Think back to what Ultra managed to do with a massive basin resource--from over $100 US bucks to bankrupt and all due to management.
The Market is placing a premium on Tambo's management while assigning a discount to FOG due to management. Seems about right.
new,
Yah, I can just picture it. Origin to drill one vertical well over a 6 month period and for only $30 million. Learning through the drill will be their 2022 motto. Can I have a hug? Or, perhaps they'll have a campaign touting "we've learned by our mistakes, and since we've committed every mistake imaginable, we are sure we'll actually get some modest flow rates."
Boy, after getting close to a quarter century watching FOG be stupid, I am worn out.
tda, yeah that has certain ring of truth, but remember the oil industry is in DIRE need of talent, which is in very short supply (just look at Origin). So, there is not going to be a switch thrown and instantly there will be production. Show me one Zoomer that wants to work in the oil industry!
Well, that certainly is about as positive as positive gets and the discounted transaction price was extremely minimal. So, Kudos to Tambo.
It doesn't instill a lot of confidence to see a money raise prior to testing.....
Chedder, Just go back and review Oleo's comment on extrapolated flow rates.
schlemiel, if the Government has indeed orchestrated a co-op of shared data and government funding, it is very MATERIAL, and the details need to be disclosed. Frankly, I think that is the case, but I also think there are so many violations being created by not disclosing this information, that I am completed Gobsmacked by this continuing clown circus. Frankly, I think our illustrious BOD of slack Morons and POQ should all be the object of lawsuits-- Origin gets a pass because they have the bullet proof defense that they are too stupid to culpable of subterfuge.
Beetaloo, you can't book reserves, be they P1, P2 or P3 without getting a producing well! And actually, you can't be even begin to book reserves without multiple producing wells. @#$@$#$$^&&*!!!
newto,
you can soft spin it anyway you want
"The failure of Origin and Schlumberger in not knowing that either the plugs weren't milled out completely and/or the deformation was severely restricting the gas flows from the first seven fracks -- is certainly a painful mistake back in January of 2016. However, hindsight is exactly that -- and it is well worth remembering that the Amungee H1 was the very first horizontal into a shale gas field that at that time -- no one else was even considering worth the risk of investing anything."
The simple fact is you had incompetence running wild between FO and ORIGIN. I get why our home team is taking a much needed break from reinventing the wheel and waiting on Tambo to put up some numbers. Numbers that would indicate commercial viability, numbers that would indicate increased flow rates and decreased cost--items that exist in an alternative universe from FOG and ORIGIN. But, just remember it was gross incompetence that was running the FOG/ORIGIN show these last 5 years. What a miserable load of hogwash POQ loaded on our plates with today.
Never expected this: "FO and Origin have completed their "exploration phase" and will be talking to the promotors about valuation in the coming 9-12-24 months"
And folks think that is good? WTH?????????????????????????????????????????????????????????????????????
new, I think it will be a very cold day in Hell before POQ chances taking a call from a Retail Shareholder that isn't prescribed. This will be like every other AGM, pro forma open and shut. An obligatory nonevent.
Oh Origin, just drive a spike through my ear. Bunch of bloody snowflakes. Just do something smart and PRODUCTIVE and then line up the bloody political correct nonsense...... and make sure you reward those that have a stake. God, you guys think your main point for existence is bloody corporate hand jobs.
1day, how can someone post 28 hundred post and be so clueless?
Obviously Tamboran isn't worried about making Origin look bad. Talking about Falcon Investors being in the right Church but the wrong pew!
Chedder, I'm thinking newto was looking at the possibility that their position had fallen below the required reporting level. I doubt they are out, as it would have clearly stated that they were.
Newto,
Good stuff for creating a baseline of understand "core area". I do wonder about your arguments on optimum depth for highest return--that certainly needs a lot of exploration to get a handle on. I will just point out the obvious--Tamboran are (arguably) the only guys in the Beet that really know what they are doing. Here's a little info on slim holes to increase your knowledge base: https://drillingforgas.com/technical/slim-hole-drilling/miscellaneous4/completion-technology-for-slim-hole-wells
And chew on this info while thinking about ORIGIN.
In today’s world the speed and efficiency of drilling oil wells has reached a level undreamed of by early day oilmen. The evolution of the drill bit over time is largely responsible for that progress. Recently a world’s record of 5,146 feet—scarcely short of a mile—was drilled in a single day and 9,862 feet was also drilled in one 48-hour time frame. Those fantastic accomplishments aside, today’s oilfield average well drilling time in the Bakken of North Dakota is routinely recorded as 15 to 30 days for wells drilled 10,000 feet vertically and 10,000 feet horizontally. This remarkable accomplishment is the end result of a long and painstaking evolutionary process. https://pboilandgasmagazine.com/turning-to-the-right/