Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Thankfully Petrotal has adressed this repeating problem. They have 700 000 barrels of oil storage capacity. They can produce 15000 bopd for ~50 days and store it in tanks. And they have the Brazil export route. Proper risk management is done.
This is on a discount because of a all the problems last year (read some RNSs from 2020). Political issues. Need to prove stable production for some to time to get investors confidence. People will get FOMO soon enough. This is a money machine at the moment. Get rid of the bond, get a healthy balance and pay us some fat dividends or drill some low risk drills to add reserves. Great place to be right now. Perfect storm.
I've not been here since day 1, but based on the information regarding the drilling results in Norway, I will say we have a very asymmetric risk/reward. 7 wells in partnership with big players. Based on the recent discovieres we'll have fair chance of 3-4 discoveries out of these 7 wells. I'll rather have this than the "lotto" oil exploration players - often in tricky jurisdictions. This is in Norway, with a very friendly tax regime.
Much talk about Kistos which has done exceptionally well. Now trading at £270 mill with proven 2p reserves of 20 (!!) mmboe (August 2021 presentation) and a "crazy" natural gas price.
Patience...
Nice to know. Just to back up Helge Hammers statements in the recent interviews, regarding the good "hit rate" with the exploration wells in the North Sea. My source is the Norwegian Petroleum Directorate and is only regarding from the Norwegian continental shelf.
2010 - 2020: 360 wells drilled - 175 discoveries
2020: 31 wells drilled (26 exploration - 5 appraisal)- 14 discoveries. 4 of them were drilled in the Barents Sea, but no discoveries.
Exceptional. Fingers crossed!!
From Twitter with Google Translate:
#AMAZONÍA Since yesterday, hundreds of indigenous Kukama protested in front of Lot 95 of Petrotal in Brittany, Loreto, demanding the presence of the president @PedroCastilloTe or the premier @GuidoBPuka for an intercultural dialogue table that meets their social demands, without having an answer
If Royston is a duster, the SP will take a hit for sure. My investing thesis at the current SP is that everything basically is free upside. If you believe the story, that Cascacura will produce 200 000 mcf, you'll have massive dividend yield for years to come. They will not find a way to get rid of all that Cash. If the SP drops, I'll buy with both hands.
Every shorter is a future buyer of the stock. (Every holder is a future seller.) No need to waste energy on them. But, this is probably not the stock I would bet against. So much overpriced tech, and they choose txp with world-class assets and in the middle of a potential TCF discovery. Ok :-)
It's all about psychology in the markets - short-term. As long as underlying values are not priced in at all - I'm willing to wait rather than running after all the hyped and overpriced companies. The shareprice was 75p after the reserves uprade at Cascadura - 1 in july 2020 - without the drill, test results, new payzones and coming 2p upgrades at Casc-deep. If I get this at 40p I will consider selling my house :-)
"Processing of the lines are currently being undertaken by a third party, and preliminary analysis indicates that the Royston-1 and Krakken exploration targets have been imaged and the BASS PROSPECT has been further delineated."
Never heard Bass prospect mentioned earlier. Royston-1 is targeting the Herrera, Krakken is targeting the Cretaceous. Bass prospect is probably the Karamat structure underneath Royston? Steelhead is also a Karamat prospect a little south. Sounds fishy.
Q2 report tomorrow. Probably with all the info we need (operational update). Less i more. I like this approach in comparison to most the AIM companies that put all kind off b*llsh*t in RNSs. When you got the numbers, put it in a RNS. Material information. We all knew Coho was going to happen, Royston was going to spud etc. And with the upcoming Q2 report - probably good timing for a operational update (maybe saved some money (fee) as well). The SP will stabilize once we get our beautiful gas on production at a fixed price for xx years. I prefer the management do their stuff and don't think about the shareprice. Deliver with the numbers and the SP will take care of itself. The stockmarket is often wrong in the short-term and I'm happy to build my position further at 1.50 CAD. The fun is about to begin! Two rigs, development, exploration, good political backing, massive cashflow, dividend/buybacks+++
Probably some new investors here who will find this helpful. I still like to see it once in a while. https://www.hydracapital.ca/2020/05/11/fun-with-touchstone-numbers/
- This is made prior to NGC deal etc, so he was using US$1.50/mcf in his calculations - when we actually get US$- 2.20-ish.
- He's running with 200 BCF 2p reservers at Cascadura-1. Actually numbers are ~250 BCF (Reserves report 2020).
- Nothing added for Cascadura-deep. - New pay identified. High pressures. Will probably add xxx BCF of reserves.
- Development drilling will add more reserves. Cas-1 has 380 BCF of 3p reserves (reserves report 2020)
- Exploration upside. Probably find more hydrocarbons somewhere on the block? :-)
- The wells are exceptional. Drilled conventionally at a low cost. I guess we can expect something similar to Carapal ridge which has been producing for 20 years. Cash cow.
The calculations are based on what whas actually paid for the Central block (Carapal ridge) in the 2000's. Not trying to ramp. Would love a contrarian view. I like the risk/reward. Patience needed.
Yes, and "nobody are smoking". Then have a look at the tobacco stock performance over the last 20 years. All the biggest oil players in the business are "forced" into renewables which is far less profitable. It think it will be happy times for the midcap players for years to come. We'll need oil and gas for a loong time. Europe are still burning coal for electricity. The great thing about investment in Trinidad , delaaaaays aside, is that they actually embrace the o&g industry. That's a big reason to why I put a lot of my money in here.
Nonono... No News... still accumulating at this levels and I would prefer it even lower. For me, this is a massive sale. It's all about (very much) patience. And some point the cash will be flowing and this sale will end.