Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Latest report from HH site this morning says pump taken down.
So today we have no punp and flare stack burning. Does that not tell you that oil is free flowing to surface??
The only thing they are burning is the gas bringing oil to the surface.
lol.....they are selling oil. More money coming in than currently going out!
SS says Kimmeridge is commercial !
Looking forward to hearing Sanderson’s podcast later today. Should be interesting and positive.
I really like the reference to .........“full time production in late 2019/early 2020“.
Some funny posts being made last few days. All sort of weird theories, behind the scene shannanigans, plots, absurd speculation and uneducated assumptions. Bottom line.....nobody on here knows anything. Even Sanderson doesn’t know the full extent of what’s achievable until curent extended well testing has finished and test results are fully analysed. The next RNS update could drop anytime soon....or not. I don’t know when it will come, but I’m more than happy to wait while testing continues.
Some people are over thinking things. Simply... Various zones are being tested. Oil is being flowed to surface. Testing (oil recoverable/ flow rate/ optimisation continues). All takes time. But all positive do far. All takes time, Just relax and wait for official news. The longer the wait, the better the news.
The 150 day EWT is regulatory permission. I don’t expect full definitive details, but do expect updates on progress. ie what has been tested and initial flow rates etc. Full details will follow after experts have fully reviewed test findings in minute detail. Lots of news to come, probably starting this week.
That’s interesting Oakleaf. I’m working from 27th June RNS thats states “production flow test operations commence”. Took this as the start if the 150 EWT?
With only 12 days left, they must be on KL4. News on KL3 can’t be far away.
By my calculations only 12 days left. Lots of immanant news.
I like this part of Sanderson’s quote........’’we should not lose sight of the significance of the potential prize that lies in the underlying primary Kimmeridge objective” Hopefully we will find out how big the prize might be this week.
A positive RNS tomorrow and there could well be 🎇 fireworks!
Nice rise today on the back of no news. Can only assume finance sorted. Hopefully a RNS to confirm soon, then all systems go.
All technical data obtained needs thorough analysis, and by some companies not based in the UK. When news comes I’m sure it will very accurate and fantastic!
Not sure about letting their mates in....... more like letting their short mates out! Or both!!!
Great to hear that Portland will provide cash flow to underpin future growth
How nany barrels can these tankers hold?