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Out of the country at the moment. Was there any coverage of sound in the papers on the weekend?
The bonds aggregate value is £22.4m. The first patent is £23.2m. The bond payment is not due till June 2021, perhaps they plan to pay off early. If not there could be a 1p distribution on signing as the FID payment would cover the bond.
We still need a sidi plan though...thats the big question for me.
Te6 and 7 are to be remade plus another 5 wells to first gas. I make that around $110m. This make the central processing facility $141m. This sounds a lot, any comments?
The market has never been good at ascribing value.
There is a lot of venting and bleeding hearts but how many have actually looked at the value of this deal versus the current share price. The company is capitalised at £57m. A company has valued one Sounds two assets at around £170m. The extra 9% if taken up is worth £32m alone. If you don't think about where the company was but where it is now, the market is very over sold. People should be thinking whether to buy and not be emotional about what is now the past.
It's in auction but no news yet
Looks like the hammering has come following the share purchase completion. The bought around 7.7m shares in 2 months.
https://www.glossary.oilfield.slb.com/en/Terms/p/perforation.aspx
They perforate zones they want. They can also stimulate individual zones
The company is still on target, this is taken from RNS Dec 2017:
"The Board of GVC also believes that the transaction will be double digit EPS accretive from the first full year post-completion and following all reasonably expected outcomes of the Triennial Review, including the FOBT maximum stake being set at GBP2.00. The Board of GVC believes that the enlarged group leverage will not exceed 3.0x Net Debt/EBITDA (where Net Debt is interest bearing loans and borrowings and customer liabilities, less cash and cash equivalents, and EBITDA is 'clean EBITDA') by the end of the first full financial year post-completion, following all reasonably expected outcomes of the Triennial Review."
Whats the point in Directors getting share options if they can never realise the money?
I think todays fall has more to do with Coro than Sou.
Cheers, good to know
Do they need the rig to perform a mechanically stimulate?
Would a horizontal well work on thin strips of gas bearing sands rather than a contiguous net play area?
With the cash in the company they need to be planning for TE12. The wells are drilled faster and cheaper than planned. The Horst took several wells to open the play. The Strat will need to be understood.
"The Company will also initiate seismic analysis to establish the Company's internal estimated gas resources of the structural closure and the upside potential of the North East Lakbir stratigraphic trap" It does sound like the gas is related to the strat trap.
I love the way the trolls only do their doom mongering when the price goes down
So if 184m capex includes a 20 inch pipeline, we could be 144m for the plant and pipeline if we just develop the te5 horst
Between 2 and 3 billion dollars revenue is worth building a short pipe (in oil and gas terms, it is short) for. It doesn't need to be 20 inches for te5 host only though so could be further cost saving against the costs already quoted
Does anyone have a link to a comparable cost of a horizontal well. Just look at fine tuning my model