Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Good morning.
No further official RNS info on the surface location of core holes 006 and the 8 to follow.
However, Beetham said on 6th Oct “HAD006 (hopefully) coming in from the south of HAD001 and drilled at an angle towards 001 but much deeper.” http://www.lse.co.uk/member-info.asp?nick=Beetham
From the prospect map on the website, it appears that recent holes are drilled at 150 to 200m spacing.
https://greatlandgold.com/paterson/
They have an experienced drill crew doing the work who have a financial incentive to follow the mother lode. Their input could be as important as that of CB or Gemma Cryan. It is self evident that the following surface locations will depend on the on-site interpretation of core recovered. Does the deposit extend west, south, in between or nowhere?
I hope to be able to talk to Gemma after the AGM but it would not surprise me if they save release of the RNS until Monday 3rd December.
Citytilidie, RTC, Condorlini, JerseyCrew, myself and anonymous other shareholders will be there. Maybe SB himself!
There will be a different mix in the audience than when I was there last year on 30th Nov. What a difference a year makes!
I hope there is some unexpected light entertainment during question time. GH is usually game for a laugh. Last year there was a distinguished elderly gentleman who asked when GGP would be paying a dividend and bringing some gain from all the gold it was producing . . . . . Seriously!
After the meeting I had to return home but the city traders took GH out to the pub for a few bevvies. No insider information evident that was passed on before the crash of 15 Jan.
See you at the AGM
RTC has a massive chip on his shoulder about Stephen Beetham, among others posting on this board. He was named and shamed on 6th October during a slanging match. This bulletin board would be better if a handful of individuals took some time off. I dislike using the filter control, personally.
25th May - Holding 115 million shares or 3.8% of the company.
21st June - I will start reducing my holding at 10p
29th June, following 25th June RNS on HAD001 - Havieron. Game changer. I’m buying.
9th July - You can’t ‘unfind’ a gold mine
27th July - I will be taking up all of my warrants at 2p
7th Aug - Picked up 25 million shares in the placing. Sold 10m, average sp 0.77p. Still holding 140 million.
1st Oct - Target 200 million shares
6th Oct., following GGP announcement 1 Oct about HAD005 - You guys are waking up to what we have at Havieron.
Havieron is very important, and the reason I’ve taken 6.2% of this company, to hold long after you are gone from here.
20th Oct - The company is pretty sure that we’ve got at least 10m Oz down there
This guy is better informed about what is going on at Havieron than any of us speculators on this board.
He is on record as saying he may sell some at 10p.
I, for one, believe in what he says. He does not ramp this share like others in the 4p by July 2018 group or the 2p by this Friday crowd. This guy puts his money where his mouth is. He has taken more risk than any others on this board. Give him some credit for the insider information he gave us on 6th October. It was more significant than any of Chicken’s share price forecasts, let alone RTC’s drivel.
We are all interested in the core site locations of HAD005, 6 and onwards.
The GGP website shows the core photos but no info as to where it is in relation to HAD001.
https://greatlandgold.com/paterson/
The best insider info has been comments from Beetham. Check out his Member Info and statement of 6th Oct. He predicted phenomenal lab results of HAD005 and the RNS announcement came over 5 weeks later. I think I heard somewhere that 005 core was south west. He said HAD006 was to the south of the original core hole and would be drilled much deeper, presumably to prove up the deeper zone of mineralisation at an inclined drill towards HAD001.
The question to be proved up by the ongoing core programme is how far south and how deep does the mother lode extend?
The strange coincidence is that decades ago I was a consultant Drilling Engineer working on an onshore development project in North Africa. Guess who the General Manager was! Mike Buck . . . . !
I have confidence in his abilities and have invested here. He will not let information leak out until he is ready to release news. Nevertheless, we all need some luck on this wildcat. The statistical chances of success are low, but with 3-D seismic on the wells planned in 2019, there is a much better outlook.
jndavid490, you & others are off the path.
Proselene has the status report.
The 5” drillpipe is racked in stands as they are out of hole to run casing. The 1st picture shows a 12-1/4” tungsten carbide insert bit on the rig floor that was pulled in relatively good condition because they reached casing setting depth. Talk of perforation guns or oil in sand is baseless.
The 2nd picture of the Derrick shows a joint of 9-5/8” casing lying in the V-door, where it will be picked up into the Derrick. This casing size tallies with the hole size and can be inferred that casing is being set above the prospective hydrocarbon zone for good well design and standard well control considerations.
After running and cementing casing the wellhead section will be installed and the BOP’s flanged up and tested. As has been stated, they will use 3-1/2” drillpipe on a tapered string to drill through the 6” hole to TD where the section will be evaluated. While drilling the hole section, rock chip cuttings can be analysed and it will be very obvious if moveable oil is in situ. There will be no oil flowing into the wellbore.
Fingers crossed!
I appreciated a reply to my enquiry from Ignacio Salazar: ". . . all attendees will require photo ID to gain access to their floor, and Cantor needs to know names of attendees in advance".
I still have not decided whether I will definitely attend.
I am another shareholder who values the opinion of Tiburn although we have both been proved over confident in the recent past, particularly about Carnegie nickel at EG.
I sold a few million shares following the EG Wishbone disappointing core results. Fortunately, I put the proceeds into ANGS and rode the recent positive sentiment. Sold the oil shares this morning & bought a few million more GGP. The 2 trades listed around 1pm were both from our ISA accounts. Not in the S. Beetham league but a confident punt on Havieron core announcement, nevertheless.
Best wishes to all posters here. As Tiburn has said - This resource will need more proving up in next years drilling season but things should get interesting by Q2 in 2019.
On a well site, offshore or onshore, Christmas is another working day, just like any other - 24/7.
More relevant in the case of Brockham or Horse Hill are restrictions placed on noise or vehicular movements by the local planning authorities.
Alan2017
You do have an ability to alienate shareholders who normally respect and support your comments.
Such as “you’re not going to get an answer from other posters”
Why should you presume to be the only person with in depth knowledge of testing operations?
I’d wager that I have much more wellsite and office planning experience than you have in DST’s, production testing, EWT’s, etc. I have done well completions and witnessed fracking operations at Humbly Grove in the Weald periphery.
So let me point out where you are posting technically inaccurate information. The packer will not be set when BRX-4Z is perforated with TCP guns. The firing mechanism is not differential pressure activated. They will probably use the mechanical drop-bar method. The sequence is set out clearly in Angus’s letter. Page 2 of 7.
https://www.whatdotheyknow.com/request/424952/response/1066246/attach/5/Scan2017%2009%2004%202925%20001.pdf?cookie_passthrough=1
Perhaps in future you will be humble enough to realise that there are many informed posters who can make a positive contribution to this bulletin board. Have a restful Remembrance Sunday.
Has anybody else noted the discrepancy in dates of the General Meeting in London?
Last point under Highlights states 22 November.
Later, in Introduction, it specifies 11am on 21 November. These conflicting dates are repeated numerous times, even in the table of Definitions.
The statement does not look as if any professional has proof read the text. Pathetic!
I’ve just returned from my 1st investigation trip to both Brockham and Horse Hill. No activity evident at BRX-4Z. No evidence that people were parked up by the roadside waiting to take photos of equipment arriving or tankers departing HH. The calm before the storm maybe - a quiet weekend at the wellsites.
itallaboutme - Good summary.
A couple of additional points. On the mechanical side, there is still some potential to cause damage but Angus are taking the right precautions. They plan to perforate the casing under balanced - they will gas lift the hydrostatic column to ensure that when the fire the tubing conveyed perforation guns the reservoir pressure will cause a brief surge of hydrocarbons into the wellbore.
From what we surmise at Bradford Bridge, damage was caused to the micro fractures when contaminated wellbore fluids were forced into the reservoir due to overbalance.
The other great unknown is to what extent these micro fractures are connected extensively throughout the reservoir. If there is limited connectivity the reservoir will not produce for very long. Angus have run the electric logs that show the K3 & K4 are fractured shaley limestones. They can do no more until they perforate & flow test.
They have a much better chance of success (fracture connectivity) with a 600 foot perforated interval than with less than ⅓ of this length.
I bought in at 8:04, the first chunky buy. Back in on my ISA account, having sold after the EG announcement. Diversification into ANGS has been profitable but I have great faith in the next RNS about HAV005. Two weeks or less to wait. I think Stephen Beetham is on the mark with confidence in future prospects for Havieron.
Best wishers to all long term holders. I have held over a year - not none term!
The drone survey of wellsite by Gifted_Genie, following Adam Thornton’s roadside video of equipment arriving, takes the reporting to a new level of information. Thanks to all involved.
I was wrong in my assumption that you needed the landowners permission to use a drone in this case. Having checked, I see that the main limitation is staying 50 meters away from people and worksites. It could restrict photography during the working week but a drone update every weekend during the next critical 4 weeks, would be appreciated by all of us.
Good attempt to change the conversation. I hope we can drop the bickering and talk about testing operations.
My guess is that they have finished testing the KL3 and moved on last week to the KL4. Many of us are expecting an RNS on Monday morning or later to outline flow rates achieved. What will be most important is not only higher rates than declared in 2016 but that extended flow is sustainable with no evidence of zonal depletion. Downhole reservoir pressure readings - flowing or shut in - are of critical importance.
So, to answer your question on slickline: My guess would be that they are running or retrieving downhole pressure gauges that are hung off from nipples in the tubing string below the production packer to monitor the KL4 performance. I believe that production logging tools require electric line and not slickline.
I am happy to be corrected by the well test specialists out there.