Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No coherent exit strategy re California, possibly too influenced by their 'regional teams', time they reviewed what they are doing
9) NO further dabbling in California! (FFS! - pardon the sweary)
here's another 'if California ever goes 'glug' underwater we are protected by a handy subsidiary structure' ;-)
Thanks Flatearther for that, now I understand they are just 'rolling out over California, squashing the oil out of the ground as they go' because it's so cheap to do and really hardly worth selling on as that would involve legal costs!( vs the business model for UK for example where the more 'serious assets' are to be sold on as development would be expensive)....how would people summarise the Romania business model?....... 'see if it's any good and then decide'?
that's what bothers me ...I think they should stick to their stated business model of monetising and moving on and not getting drawn in to be production company more than they need to (especially not on the SAN ANDREAS FAULT)......I'm annoyed that they are considering further investment there when they have much better prospects in WN and Corallion's Victory that they should fund instead....maybe even join UJO/EOG projects?
9) California always gives me the creeps...you know 'The Big One' overdue....(onshore asset could become an offshore one!!!)...... if they've got the wells flowing better now it's time to capitalise and get out, what's to say the wells will continue like that... it would be good to see the 'color of the money' from that before going on to spend on 'rainbow chasing' as getting paid in usa for assets sold is not always straightforward and little companies often get left waiting for payment that does not come
1) more and better communication from the boys
2) offloading of California and Romania
3) a better loan facility arranged on the back of an excellent West Newton result
4) farm out of West Newton
5) progressing of Victory drill and West Newton drill
6) CPR for Corallion leading to the 'liquidity event'
7) reduced rainbow-chasing acquisitions for the time being! (flog something off first)
8) actual production from West Newton
9) no further dabbling in California
Did you see Proactive Investors, Europa Oil and Gas did one yesterday re. Wressle?
.......GOOOOOOO.... REABOLD!!! (and shake those pom-poms :-) )
V-I-C-T-O-R-Y,.....VICTORY! VICTORY! IS OUR CRY!!!!!..... (reminiscing of my old school sports-days)
they must have identified more prospects while doing the CPR imo...tends to happen when things get looked at closely!
still haven't told us whether West Newton liquids are oil or condensate...suppose the latest perforated section will have to flow and clean up a bit before they take samples of that to test.....
could land at any moment, most people here seem to have forgotten about it
You'd think it's time for Woodside to grab what it can of third party customers (within easy reach of it) for it's processing plant before regional competitor's processing and pipeline plans expand as they are bound to do
said to keep eyes peeled for interviews/announcements/developments now that we have new pr and analyst coverage...he seems to be very 'in the loop' with this company.... perhaps he is very busy ... I sometimes wonder if he might be the CEO, if he is I'm wondering what he is up to
https://www.cnbc.com/2021/05/20/prize-for-lng-sellers-significant-as-demand-in-asia-grows-woodmac.html/ ......then there's also Australia wanting to make hydrogen in the future (hmmmm wonder where they'll be doing that!), and strong demand for the liquid condensate for manufacture of plastics
'it will have a diversity of low-risk geological exposure and growth options, including a re-risked Scarborough project, LNG supply and growth options across Pacific and Atlantic Basins'....
https://www.energyvoice.com/oilandgas/asia/343405/woodside-bags-bhp-oil-business-at-discount-in-dream-deal/
ok been covered...not on here much lately due to the constant bickering and negativity! just looking in and saw still no RNS
reduced from 45%
Baron Oil just upped it's interest in the Dunrobin prospect from 15% to 32% and agreed to progress the seismic work on it up to £160,000 worth in order to progress identification of drill sites for 2022. As a result Corallion interest is now reduced from 46% to 36%.
The revised parties interests are as follows Corallion 36% (operator), Upland Resources 32%, Baron Oil 32%