Member Info for Helpful

As usual you are either uninformed or lying.

Try reading the last production update and the reserves report.

xx

DYOR

Don't like factual information do you? Anyway, another one for you to cry into your tea over......

https://www.bloomberg.com/news/articles/2021-09-27/commodity-giant-trafigura-paints-bullish-outlook-for-oil-and-gas

Do the revenue figures on that one. Pity NTOG hasn't got any gas....

DYOR

The lifting cost on the Cypress well has $10 or less because there is no water or was no water to dispose of. That may or may not have remained the same: hopefully, it is the same.

On the rest it is between $16 and $20 a barrel lifting costs. The biggest cost on these wells is the electricity and after that water disposal. The well configuration affects how electricity is used: more electricity for an electric downhole pump and less for a pump and rods.

DYOR

https://twitter.com/JavierBlas/status/1442369434291691526?s=20

WTI currently $75.45

NTOG should be making decent money at the moment.

DYOR

https://twitter.com/PowerMetRes/status/1442467974884077573?s=20

https://twitter.com/graddhybpc/status/1442480288605605888?s=20

produced from oil sands ore using Petroteq's Clean Oil Recovery Technology ("CORT") process.

https://ir.petroteq.com/news-presentations/press-releases/detail/399/petroteq-energy-announces-completion-of-quadrise-testing

Quarterly ASX report out

Sorry correction. Anglo Pacific owe us the $8mil on Mt Ida. Too many Mts.

The ongoing royalty is also on Mt Ida NOT Mt Mason.

Thanks

You should always do your reading.

Juno reckons that they will be in production at Mt Mason Q1 22. That means that they will be actively looking at Mt Mason before the end of next year.

Mt Mason is interesting to us because Anglo Pacific owe us $8mil in royalty payments: $4mil on a decision to mine and $4mil on commencement of commercial mining. After that, assuming Anglo Pacifc don't renege, we retain a 0.75% royalty on the production from Mt Ida. Mt Ida is mostly magnetite but there is some haematite in the transitional zone between Mt Ida and Mt Mason.

If Juno starts mining in the transitional zone then that will also trigger the $8mil payments from Anglo Pacific and the royalty payments.

The royalty should be worth a lot of money to RRR on an annual basis. RRR has some Juno shares but not many.

Juno annual report is here: https://twitter.com/JunoMinerals/status/1440882327173812231?s=20

DYOR

Annual report is out......

"As the primary focus is getting Mount Mason into production, once the operation is running in steady state, then the Mount
Ida Magnetite Project will have the dust blown off it. We are particularly keen to progress testing of Mount Ida with an
alternate flow sheet that has the potential for a lower capital and operating cost intensity rather than the flow sheets of the
current operating magnetite mines in Western Australia. Magnetite being a higher grade attracts a higher price and less
susceptible to wild price swings, and will become a preferred steel making feed stock in the future."

This very important to RRR. Royalties are $8mil upfront and something like $10/$15mil pa when in production.

DYOR

Tomco might have a new strategic partner shortly.

https://ir.petroteq.com/news-presentations/press-releases/detail/398/petroteq-provides-a-corporate-update

https://twitter.com/PowerMetRes/status/1440960439693811714?s=19

https://twitter.com/seanmcroberts/status/1440636346683445258?s=19

https://twitter.com/seanmcroberts/status/1440636346683445258?s=19

https://twitter.com/JunoMinerals/status/1440882327173812231?s=19

DYOR

https://miningmaven.com/companies/red-rock-resources/1187-red-rock-resources-reinforces-its-compelling-story-with-exciting-australia-and-kenya-updates-rrr

Well valuation is problematic. At the end of the day the value is what the market says it is but that can change quickly. Presumably you are referring to the First Equity research paper?

The IPOs are RRAL/New Ballarat Gold Corporation and Elephant Oil. Juno Minerals was earlier in the year. AB/RRR has hinted at two other IPOs in the near term but has not given details. If you check Companies House you will see that RRR has recently set up two new subsidiaries: LAC Minerals and Faso Minerals.

New Ballarat Gold Corporation is now showing up at Companies House: AB, David Holden and Scott Brown are the directors. Presumably, they are the executive directors and the NEDs will be added later.

DYOR

https://twitter.com/StockBoxMedia/status/1440336129459298304?s=19

So as usual the trolls on here get it wrong.

What was that about being more committed to POW than RRR?

Looks like we are now on with the RRAL listing. No mention of the other two RRR newcos set up recently.

DYOR