Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
That is a valid question s, quite happily settle for a draw today.
Aren’t we a cheery bunch this morning. Then again, I guess I’m still flying high with Spurs being at top of the table, at least for a few more house - onwards and upwards
Elegance, all good here. I think will be interesting to see new flow rates for sure. Very promising to see the current price of gas in India keep going up. If the new rates are decent, will mean good revenue until new wells hopefully start bearing fruit.
https://www.cnbctv18.com/economy/india-hikes-domestic-natural-gas-price-october-details-here-17921121.htm
Send some of that nice weather up north please Gordon! Enjoy
What a stellar day, looking so so Bullish - very exciting
Great news, seems like things very well might be tracking to have stable post-column removal flow rates in time for investor presentation.
20% up on the week - say no more
Let’s not forget that PG will have had 3months + by then to work on what they were recruited to deliver upon:
Synergia's Chief Executive Officer, Roland Wessel, said:
"The appointment of Panmure Gordon as Joint Broker will provide the Company with an enhanced reach towards institutional investors in line with the Company's strategy.
Yes, and there was some mention of a work over rig
Re other costs, we know they mentioned they’ll need to connect eventually to high pressure grid. Not sure how much that will cost right enough. If was very substantial one would like to think it was spelled out under key assumptions.
Perhaps need to correct below comment. If looking at revenue graph, which shows half-yearly intervals, it seems combined gas/condensate revenue would bro g in enough to do further drills within ‘24 itself.
I did too Gordon. It does however seem they have generally become more active on Twitter last few weeks/months. Still valid question though.
Re capex spend call-out, we certainly k ow that any capex in ‘24 won’t come from Syn. We do however k ow they mentioned “a to be defined” number of wells to be funded by potential new Operator (or along those lines). Perhaps they want to move faster, speculations only I know. Most interesting mind you.
I just noticed the actual charts still show annual decline of 40%, whereas commentary indeed says 30%. One i suppose is a typo.
Agree Gordon
So based upon that one could perhaps summarise it as:
- actually the technical assumptions have improved vs previous presentation (at least in terms of what is spelled out clearly in deck) - c77-h flow rates, decline rate
- and actually more sensible/reasonable sales rates have been applied
Didn’t spot that yet Gordon. Only had a quick glance on the phone, will read a bit closer tomorrow. Hopefully that adjustment is rather based on c-77h Actual performance post frack, rather than a compensating measure due to reduced gas price (got no reason not to believe it’s because better knowledge). I agree, I thought previous presentation was a bit optimistic when it came to the assumed price.
Npv10 is valuation calculation method, therefore will be based upon a number of assumptions. Key will therefore be to understand the changes applied. Based upon a quick glance, one that is clearly spelled out in the presentation is the difference in price of the gas (assumed). Previous presentation was published when “the gas prices was a lot higher than the norm”, because of all the volatility at the time.
Gordon, you want to be the commentator (or whatever it’s called in the horse riding world) for the run in?
Agree caddy, one probably could say that to be more of a reasonable wording.
Let’s hope when jv gets announced it will say “extremely pleased”, and we all are in harmony that being an accurate description.
I guess it was inevitable, knowing when and what they last raised, coupled with the cash burn. Good to have it over with. Now onto focusing on the detailed plan to prove up the two wells, and associated pump.