Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
It was a “top line income “ estimate liquids at $50 and all before taxes. I’m thinking that because of the flow rates and much of the initial cost is shared with gas production and once the pipe is built net backs will be substantial.
Canada yesterday could be related to multiple causes. The RH Mr young meets today to discuss the future of gas the worsening Covid situation in T&T and the shorts who get more bang for their buck in Canada.
Also be weary of posters who turned up in January this year who are quite often anxious or worried, their objectives may differ.
Don’t fret Speculator try to be more positive, we have a new rig/ team capable of drilling highly deviated or even horizontal bores I’m sure this featured in the decision to acquire it. Horizontal wells/ multiple wells from a single pad it could be a game changer out west.
Trinity mentioned these ideas recently I wonder if they have a rig?
Just a foot note to some of my earlier posts regarding its ultimate potential, why are the company and NGC installing 200mmcfpd/ 5000 bopd if these production rates are achieved the current 45mmboe would be depleted in just over three years ( I know it doesn’t work like this as after a year production would have dropped by half) even at twice the size and twelve year life the infrastructure would only be utilised for a faction of that time. What does the company think they have?
Thanks Lex,
https://youtu.be/rubcGIZlPR0
Hi Lex unfortunately as companies progress to the stage where they don’t need to raise funds ( hopefully) they become less inclined to update share holders. I can recall Andrew Austin saying he didn’t see why shareholders needed operational updates more than every six months.