focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
the boys ..for a start ..colin talks the same has a politician ..thats vtelling the truth but NOT the whole truth...its quite easy ..colin has done well to drill 16.2 and testing flow rates and etc ..but what he did know which he never told us all was that he couldnt put 16.2 on production until the gas pipeline has been connected too a certain connect..thats what colin should have said from the begining but did not ..there is a saying ..never put yourself on a pedistal because you will become a target to be knocked off it...just like MPs or congress men in US ...has the sentanta the boys is right you did say not produce on your posp ..i suggest state more clearly next post ..imo 16.2 16.3 and other wells will produce one day ...this year NO WAY ...its all about results and hype to get investers to invest...i must say that colin has done a brilliant job up to today but he should not think hes clever with his wordings on RNS..but im happy so far and those that cant wait for there little profit is in the wrong game ..oil and gas is a patience game ...colin should be striaght with us good or bad and let us take the risk ...
we should all know why 16.2 is not producing at this moment and will NOT produce until around march april next year..theres 2 reasons ...reason 1 GAS PIPELINE reason 2 i will let you figure that one out ..and IMO we will look at end of next year or even 2024 for 16.3 to produce ...a lot of posters said we would be producing well before now ..where is it then..colin has said nothing on 16.2 but said a lot about the other 3 drills thats going to happen ..watch out for more hype coming into christmas ...just hope when we get the results from 16.3 and the overlaying oil that its good news ...first things first ...PIPELINE PIPELINE AND PIPELINE until this is done we have nothing from paradox its has simple has that
very cautious on harry now ..like i said investers are waiting for money in bank thats when it will happen ..been here before ..date of production is 2025 now and he said he is expecting the finance to be signed next month..thats not 100% hes got no idea atm..looks like march april next year ...easily
theres a lot of investors that wont believe this will happen until it is done and money in bank ..which i totally understand due to the fact of how many times harry has said this is happening and has not happened ..lot of people are waiting for the next delay ..we should know next week were harry and eg are at with this mine...no more excuses from war anymore ..abiy is well under control with the tigray army but will still have pockets of OLA thats the next problem ..not much of a problem to stop this project though..gla next week
should not take that long once rig is set up..roll on tuesday or wednesday with news 16.2 well is being tested should have results RNS within a week of starting test production ..then we can see the SP shoot above at least then with good results from 36.2 well should be at least 13p by end of january ...then buyout rumours will start then comes 20p by march
it looks like the new drills wont get results this year ..it takes 3 to 7 days to set rig up from the day it arrives ..then it takes 30 days to 60 days for completion of drill..so looks like no chamce this year ..prob be a few sells this month with a sharp intake end of dec ..just incase everything goes ok ...
in ethiopia now ..just after tell the army that is still fighting in the hills ...TPLF have to give up all weapons and a few more things ...cant see it being has easy has EU and AU seem to think its going to be ...we will have to hope and see ..then ethiopia army have to sort OLA and the rest of the little gangs of ethiopia out and ABIY will become a hero again ..anyway the SP is going in the right direction all be it someone is trying to hold it back ...roll on monday and christmas ...get some monkey nuts ...
CHAIN dont forget that dominion pipeline stated last may that would not be finishing gas pipeline until april next year ..that will give colin enough time to correct and renew what he needs to with the gas pipeline zephyr brough to bring it into production around april to connect to dominion pipeline ...
has not changed in 6 years ..still ready for take off but no engine started and no pilot ...wait for the last minute delay ..we got june to sign then august then oct then mid nov next it will be end of dec ..then rain season BUT BUT BUT we got saudi projects ...is harry finally going to do it ...dont put all your money on it ...
might get a date on when he expects 16.2 well to be producing at the webinar ..its only been a year and not a drop out..thats bad for any oil company ..but we got good news today ..lets see what happens now ...imo looking at may next year before we start to take off ..its like having a plane on the strip and cant take off because it needs filling up first ...2 weeks for webinar update on whats going to happen...USA going into a big reccession from next month going to last at least 1 to 2 years ...
imo GAS is the problem with the company atm ...they have known the problem for over a year..dominion said they wont finish the gas pipeline until at least april so zephyrs only problem is sorting the[r gas pipeline ...and its all systems go go go thats when the SP will start to move ...
does anyone know when they do the flow test on 16.2 well in mid nov ..what happens next because they still got the problem with no gas pipeline ..imo has i said before we will be looking at april 2023 before movement on 16.2 well and by then we will have had the drill results from other 2 wells being drilled this year...at least colin has admitted in his own kind of words that its out of his control atm ..