Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Yep. Longwait.
The weird one with PVR was, the deal was done with one company(APEC). PVR then had to accept money from backers in China (more complicated than you think because of the paperwork and delays and enforced waiting times to changing amounts) then PVR had to pay tome of the transfer to APEC.
Money launderring, Complications with banking system, delay after delay all thing were tauted. Utlimately the moiney may have been there, it may even not have been bent, but it didn't turn up. PVR were left in a bit of a hole with a very good asset.
totally.
This is supercheap.
consolidation likely if they want a CR. Don't think they need to though.
Didn't think it would be as cheap again.
Waiting is the problem. Looks like there might volatility here. with it the traders. adds more volatility etc.
try to see it as a passing storm.
1 week it will be true.
Consolidation comment was a joke. My casio calculator has 8 digits. Thats it.
Some asked the question Why would you.
I held some in a NASDAQ listing which requires you to be above $1, if it dropped below $1 for 6 months to say $0.8 they can have a 10 to 1 consolidation and be relisted at $8
ty.
Completely misunderstood. thought tranche 2 was a payment to peru not a possibility of a second CR.
indeed we could be climbing high today. is something in the wind?
yes, you don't loose money, neither does the company. you just end up with less shares and a higher SP.
Company Oil & Gas #exclusive Podcast & Weekend Blog 16th February 2020 #BOIL #I3E #PRD #BPC #88E #TRP #PVR #LOGP #AAOG #ZEN #AST #NTOG #PET & #HUR
Twitter https://twitter.com/Share_Talk/status/1229004030946480128
https://www.share-talk.com/oil-man-jim-company-oil-gas-podcast-weekend-blog-16th-february-2020/
erm.... Americaism Billions, UK billions. Exchange rates aside.
I think the casio calulator needs new batteries.
7,110,000,000 share issued at 1.3 is approx 80 million Mcap.
800 million Mcap is 13p in my head....I not sure as Jiddy said what realism they are after, Mcap , amount of oil in the ground? the value selling up? or has someone moved on ?
A consolidation might be a good idea at some point.....as my casio has run out of digits.....
Latinio/Shedlight.
Yesterday I was trying to get an answer to a hypothetical question. Just a yes/no
Is there enough in the coffers to pay Tranche 2 without another cash raise or Joint venture?
Perhaps it won't be voted for, or they might sell off ventures, but just a yes/no.
Many thanks.
is there enough in the coffers to pay for tranche 2? if its voted "for" to proceed?
(BTW the placing price was probably so low to guarantee the take up on the offer as the SP was so volatile).
Its been a flat line and dwindle since the new year. It will all start happening when some news starts coming.
Try as you might with these things you have to be flexible.
tHE 7 TARGETS (PLUS HRZ) EACH STAND A CHANCE (caps sry) of hitting hydrocarbons then then the price of oil and other factors dictates if it is financially viable to get that oil out the ground commercially.
When price oil is low, no one takes on new discoveries......But PMO are happy too here....so there is a very good chance they like what they see and are not only happy with the financial viability at this low price, they can see or see the need for access to oil this level of profitability enough to go exploring when the oil price IS this low. Hang tight April/May might bring 88e more than you think. What PMO might do after that....? lets see
totally understand. that's the link it gave me when i searched mduster in the bar on the site. didn't look any further.
i was trying to impart the logic of simplification.. hydrocarbons there or not. otherwise you could have a hole which changes from a duster to not and back again whilst oil price is moving. I was working on a USAF theory. Keep It Simple. Stupid.
it sounds like quartz and gold. if ever you look into other mining. quartz usually has gold in it.
$35 breakeven is best break-even point I have found for 88e if the reach production? any more firm figures?
Either way. Looking at the heading I Predict 2pps by the end of this week!!! (Especially if there are a stream of RNS).
Some sort of JV- you stand a chance.
No JV - Don't stand much at all.
Says it all really.
i was actually trying to work out if anyone in ireland remembers what year they changed from gallons to litres at the petrol pumps?
One thing I have noticed. No-one mentions 88e.
The field is huge. It is profitable down to $35 A Barrel (probably why PMO are so interested) and the have 1.5 bbls of oil there.
The drill to appraise if they can flow some of it starts to move equipment in a weeks time. JV with the possibility that (if the oil price reamins low) can deliver good profits will be worth its weight in oil (literally) if they get good results.
That might give you your upswing. the video in the first link is worth watching. there are a lot of targets. if more come good that could be a very cheap source for PMO.
https://www.nextoilrush.com/88-energy-edge-closer-spud-date-one-biggest-oil-wells-2020/
https://www.nextoilrush.com/88e-partner-1b-premier-oil-north-slope-farmout-drilling-q1-2020/
searched duster on schlumberger. led me to this.
this does make me feel argumentative. so no ego involved here.
https://glossary.oilfield.slb.com/terms/d/duster.aspx
Stand corrected. So a "duster" that is uneconomical when oil is at say $45 could no longer be deemed a duster if the oil price rose above a breakeven point at $60 say?
I thought it was simpler. There are hydrocarbons. There are not.
Duster = dry hole. i.e no oil.
There is oil there. So technically no. If there is any oil there (even at low flow rates) it cant be a duster, sometimes technical advances and or improvements in the future mean if you call it a duster now it may not be in the future.
thats my understanding.
i am sure it will come good. not so sure the timeframe.