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https://audioboom.com/boos/4881106-miningmaven-podast-no-35-with-red-rock-resources-lon-rrr-chairman-ceo-andrew-bell

https://uniteoffshore2015.org/2016/08/02/offshore-workers-strike-talks-end-without-agreement/

Sometimes a large company wants contractors/suppliers to provide a certificate of safe disposal. It may be that Pemex will expect contractors to get such a certificate from MDF. DYOR

If you are saying Pemex will want contractors, service suppliers and JV partner to use MDF, I agree. Could be a lot more coming out of this.

RNS is quite clearly indicating that they will take offshore waste. Ronde 1.4 about to kick off.

Pemex is about to do a load of JVs, no doubt we will get that work.

The new guy might get the credit but this is down to Randy.

With Pemex on board how long before we get an expansion RNS?

I suppose if Pemex have signed it means other operators can knowing it will be cool with the MX regulators. Good marketing.

Oil & gas only. Coming together. Not the big RNS I was expecting. I think there is more to come.

845 tons pd. 65 for o/h. Margin on remediation 85%. $60 a ton. About $40k per day per tax. Call it $25k per day post tax. With drilling muds and aggregate sales margin is 100℅ plus. If they can recycle water, a number.

I picked up on those comments: looks to me that politically they want this plant to be a success asap. Working at full capacity it is worth a lot of money.

Nice. Lots of Jam

Well I think we will be in a better position to judge him shortly. I think he has made some mistakes but some of that is with benefit of hindsight and he has been operating in a difficult environment. The gas at SC is worth a multiple of our market cap. The DCF for Alta Loma must be looking pretty good.

Only some wells were farmed out and that was done after Mexico bidding was terminated. He didn't farm out LM14 did he? Except for Randy we wouldn't have Shoats Creek or Alta Loma. You have to credit him for the things he got right. He pulled MX bidding because the last minute advice was that MXO and NCT would be deemed to be in a consortium. Alta Loma has cost us £50k max and I don't know if we have actually had to pay any of it yet. Alta Loma is probably worth £300k and heading north.

Surely you mean this one... https://www.youtube.com/watch?v=6QIw1BQIvT4

http://marketrealist.com/2014/03/explaining-gathering-processing-major-business-many-mlps/

or even just honestly discuss things instead of trying to be a pain. I said a long while back that Randy needed a dedicated drill guy to release him and let him get on with the deals. Looks like Bryon Conley is that drill guy. The classic example was letting the drill permit go out of date in early 2015 when they wanted to drill LM20. I suspect Randy simply had too much on his plate and he needed a drill guy to deal with that sort of thing. NB if the gas price stays high and goes north of $3 which the futures say it will then Randy has done a stunning deal at Alta Loma. On Shoats Creek he has pulled an absolute blinder, as will be clear when the CPR eventually comes out and the workovers are completed. The 2014 Aminex report completely underestimated how much oil and gas there was available to recover.

Isn't the Oklahoma output mostly gas and rich gas that sells at a premium? !At current levels it is anticipated that the well will have a relatively flat production profile for an extended period of time. Together with the net 39 barrels of oil equivalent per day (‘BOEPD’) producing from the Company’s Oklahoma portfolio" http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/NCT/12725545.html It may be that the income from Oklahoma has gone up substantially in the last few months as well. PS I note that on LM20 some people's comments about it dropping from 250 barrels to 100 barrels look to be incorrect. NCT said 200 to 250 barrels: it looks to me that LM20 is being produced at 132 barrels per day. No mention of gas but originally it was producing 250k cu ft. It looks like there is north of 3.25mil cu ft pd gross available out of the wells that we know about. DYOR

Sorry I have certain people on filter. That Activa Resources report was from June 2016 ie Jam Yesterday. It says at page 14 that the BOEPD figure was 150 for the 100% interest and that the potential was in excess of 1mil BOE. Can't blame that on NCT, Randy or Orslega. Strikes me that whether NCT wants to participate in a drill or not that asset is now worth money.