Member Info for Helpful

Yum yum!

And you have to be able to make it work.

They have patents in place plus the know how. As PQE has adequately demonstrated, even if you have access to the IP and know what you are doing, it is still difficult to make a plant work adequately.

Maybe we should regard AR as a sales room and minor cashflow to cover overhead once it is up and running properly?

Sorry, my big weakness is relying on facts and analysis.

I don't know but suspect that the timing of this is linked to NASDAQ and AB's share purchase announced yesterday. Again, I don't know but suspect they have a plan to drive this straight up from here on in (bit rampy, I know).

If AOGL can continue its own progress and PQE comes good, we will have escape velocity here: it has been a long wait.

DYOR

Demand for oil in Asia has been growing much faster than in North America or Europe. In 2013, China replaced the United States as the world's largest importer of crude oil, and its demand continues to grow much faster than its production. The main impediment to Canadian exports to Asia is pipeline capacity – The only pipeline capable of delivering oil sands production to Canada's Pacific Coast is the Trans Mountain Pipeline from Edmonton to Vancouver, which is now operating at its capacity of 300,000 bbl/d (48,000 m3/d) supplying refineries in B.C. and Washington State. However, once complete, the Northern Gateway pipeline and the Trans Mountain expansion currently undergoing government review are expected to deliver an additional 500,000 bbl/d (79,000 m3/d) to 1,100,000 bbl/d (170,000 m3/d) to tankers on the Pacific coast, from where they could deliver it anywhere in the world. There is sufficient heavy oil refinery capacity in China and India to refine the additional Canadian volume, possibly with some modifications to the refineries.[96] In recent years, Chinese oil companies such as China Petrochemical Corporation (Sinopec), China National Offshore Oil Corporation (CNOOC), and PetroChina have bought over $30 billion in assets in Canadian oil sands projects, so they would probably like to export some of their newly acquired oil to China.[97

This can't be true. Isn't this one of the things I was making up a couple of weeks ago when I said I expected five plants by end 2020? Oh yes and the reason I said it was nothing to do with analysis of information in the public domain but because I was "dodgy".

Very good news. What one has to ask oneself is, why wait till now to make the announcement re QEM? QEM put this in the public domain some weeks ago.

For Asian, read Chinese?

DYOR

It will be heading north, this has been coming a while.

https://twitter.com/BabakTaghvaee/status/1163051292647968768?s=19

Well everything is about timing.

I will remind you next week. Again, people like you think everything is about smart arse remarks and it is not, it is about making money. If it has not been taken private there is a reason, as will become clear shortly. We may still take it private.

One other large shareholder wanted us to liquidate the company last September and we said no.

Once Migori is sorted we can review the situation.

DYOR

https://twitter.com/kjawoogie/status/1162646182780383232?s=19

For clarity, no. I have substantial amounts at risk here. It is called being shareholder. Perhaps you should look it up?

I look forward to reducing my position very shortly at a substantial profit. I will let you know how much I take off the table in due course. xx

Looks like cash and new.

https://www.marketwatch.com/amp/story/guid/27A70124-C033-11E9-A93B-DAD0C8101BC5?__twitter_impression=true

Glencore says it will close a mine.

Troll reaction: oh good another reason to make abusive remarks about AB.

Market reaction: the price of cobalt is too low.

https://twitter.com/CopperNew/status/1162600656101941249?s=19

I was teasing Orslega. He has been buying PQE big time.

You must be happy, are you going to buy another beach?

Can't be true, our resident No 1 expert said it was stuffed and we had wasted our money.

Well the share price has moved and they haven't found any "extra" oil.

They will want the report to be as full as possible for:

1. Reserve Based Lending
2. Farming out in the US private investor market
3. Selling the asset(s)

Moyes & Co are big hitters. As you have seen they have previously designated Mathis as having two new drill locations categorised as proved undeveloped in the amount of 400,000 barrels of oil. Those two PUD locations are worth on one basis maybe $4mil and on another maybe $8mil: the cost of drilling is maybe $800k.

Personally, I want to know everything they can possibly go for on those assets and I want the report to be beyond reproach. The company should leave no leeway for the naysayers.

The company has 3D seismic on Mathis and it may be that they want it reinterpreted. Further since 2014 it may be that there is further information to put into the modelling.

“The 3-D seismic validates the location as being in the best reservoir rock in the formation," Connally added.
The company the first new well location at the Mathis project has now been permitted and the surface location prepared for commencement of drilling operations.
Drilling is expected to start early next year once Northcote has finalised agreements with all of its working interest partners."

https://www.oilcapital.com/companies/news/54177/northcote-energy-fracks-fourth-well-at-moursand-64204.html

“We think it is a much higher quality reservoir. It gives us a good chance of making a multi-hundred-barrel a day well in the next couple of months and that should start test production at some point prior to (the end of 2013), probably to be completed in February,” Connally said."

https://alliancenews.com/alliance-news-prospects-for-exclusive-aim-company-interviews/

Zink Ranch was called North Cleveland... https://www2.trustnet.com/Investments/ArticlePrint.aspx?id=201310140700043790Q

"As part of its due diligence on the property, the Company has identified at least 18 proven behind pipe work overs to perforate and frack and a further 10 drilling locations, which could lead to 10 more with off setting wells. "

So over the years we have had all these piecemeal announcements: what I would like is the full roster of what is there and what the company can do about it.

DYOR


DYOR

https://twitter.com/zenithenergyltd/status/1162297720171839488?s=19

Bottom line is that there is value there, there wasn't three months ago.