Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
From RNS 7.00 am Monday, 29 January:
"The Company has now commenced sand jetting operations with a coiled tubing unit to stimulate the well."
" The sand jetting operation is expected to take 10 - 14 days, including the time required to re-install the rod pump and recommence production."
At the time of the RNS last Monday morning the sand jetting operation had already commenced so the actual sand jetting element should now be nearing completion.
From Dec RNS:
"Work undertaken in 2023 has informed the design of a staged appraisal and development plan which is being used to facilitate discussions with possible partners regarding the broader development of our assets in Georgia, including a farm-out of Project III."
In the December video PH said the marketing campaign to seek a potential partner would take 3-6 months.
The last RNS was Monday 29th Jan.
Based upon the timescales quoted if they issue an RNS after the rod pump is reinstalled but allowing for say two or three days of flow I am thinking that Monday 12th Feb - Thursday 15th could be the dates to expect the next RNS.
WhiteNight - I am fully aware that the share price has dropped by a considerable margin over the last 2 months for a variety of reasons. My point was there was a big sell this morning but the SP did not drop off a cliff, in fact there have been numerous buys at a similar price to earlier in the week suggesting to me that this is the bottom and now the only way is up.
The SP is NOT being decimated day in day out - despite the one big sell the SP has held up and is very similar to the last three mornings - in fact most of the of the trades this morning have been Buys.
Lothbury, sounds pretty normal to me in the MOS world of business.
MOS loaned Quanta money and then invoiced them for services provided (only problem was Quanta never paid the loan back or the some of the invoices).
MOS invoiced IGS each month for services provided but then IGS also invoiced MOS for services provided.
Anyway, should be plenty of room at he AGM as BB, RB and JB will all be able to use the same chair.
Bernie Bassett says:
"Follow company progress not a share price/valuation toffeeman123"
Now Bernie, that sounds like the sort of thing a TR1 holder would say, or the sort of thing roleybirkin would say - HA, HA , got you!!
Sheephatch, the same RNS stated:
"To date, over 1,600 barrels of oil have been produced through the Schwarzbach facility
since the installation of the rod pump."
Does not really answer your question regarding higher flow rates but does give a bit more insight into what the numbers might have been.
Agree with Ezhik and Blubay - I can not see why anybody is complaining about the start date, they have started more or less when they said they would, which in itself is an achievement, and I actually think the company is keeping us well informed.