Member Info for HopefulDave

Chesh you’ve been reading my posts on the other BB! Simply referring to the old “nothing goes up in a straight line” statement, although to be fair, if in 5 years time you squish the chart in to fit on an iPhone screen it will probably just look like: J :)

35.66 - fair enough :)

see what the UT does! Higher or lower for the Car my loves, Brucie Bonus for Chesh’s Volvo. (Have to supply own fuel)

Lol Chesh!

ST2 all debt + another ~year of build completed and all on time / forging ahead = knocking on door of FTSE 100 / one foot in it is my guess. 5.7bn shares ~90p ish will probably do it. April 2020? 90p = $6.7bn / £5.13bn ?

The one who has the most shares!

Myo. Ditto the comments of others here great posts and always nice to have someone doing the detective work round the planning sites. I guess in simple terms? Looking at the drawing, I guess the separate ventilation shaft down to 140m, and the associated building up top is resulting in said ventilation equipment etc being able to be fitted out concurrently and away from the men and material shaft? Again I imagine that equipment isn’t small and along with things like permanent winders from day 1 means less “faffing about” up top and enabling the top side to be completed earlier, which subsequently should also have a positive impact on the work down below?

Actually when I say can’t process all of it, from what I remember the highest value gasses are liquified around 1400 BTU which equates to something like $6 being received for the gas which is quite a decent amount. If I remember correctly from our presentation at COGCC what is flared is around 1200 BTU so “lower value gasses” but does all have some value of course. I’m assuming that flared gas would (in the West Denver situation if we did re-inject) would then be the dry gas that would be re-injected into the well that’s mentioned in that link. I believe we are also using the gas lift method mentioned in the articles as that is what I believe was installed around January timeframe (if that is the period we had the downtime on the wells) Fadec would probably have explained this in one post and less rambly than I but hey, it’s the weekend.

Interestingly suggests that re-injection often includes stripping out the NGLs which would suggest selling those NGLs and injection as well. West Denver will be drilling into multiple formations, including Codel so not sure if the level of gas produced will be similar or less to Niobrara wells, or similar BTU rating.

Nice article about that sort of thing here... https://www.rigzone.com/training/insight.asp?insight_id=345

The gas is being flared as well as being sold as we have no pipeline (still being laid) to the site. We installed a unit to liquify the gas and sell the high value BTU NGLs but it can’t process all of it. Subsequently the pipeline deal was done, and we will have connectivity to the pipeline to then offtake the gas produced from the newly completed wells and I assume, the existing wells in the not too distant future. One of the questions asked with regards to West Denver was around the ability to offtake gas and I believe the answer was there are pipelines in the area, or potentially we could re-inject the gas back into the reservoir. That is more expensive option, however it does often result in more oil being produced, and ultimately, if and when you can sell the gas via connecting to a pipeline you then have all the gas you haven’t flared to collect...

Myo. Thanks. Add to this the use of permanent winders from day one and not having to swap them out must certainly help also?, Those beasts (permanent ones) must surely take some time to fit?! I guess with limited cost at the port end for the first 10Mtpa worth of capacity, and re-using the existing site, it does all point to very promising ramp up possibilities?!

“Cash flow break even in 2023 based on $3bn debt and $125/t next link pg 17. https://siriusminerals.com/downloads/investor-presentation-may-2018/“ So based on our $145 a tonne guideline we should be good for that even with a month or three delay, and at present, our first Poly is expected early? :)

Yes we should be moving ahead, not sure when the start would be.

If the SP drops 4-5% on 100,000 shares sold in like 7 tiny transactions. Chicken Little should not make an appearance, the Sky is not falling down. That is all. Have a lovely weekend people. :)

What’s the point on the running commentary on the SP. They dropped it nearly 1p for sells this morning based on what we can see posted so far like roughly 100,000 shares traded. And then it’s almost back to where started on roughly 100,000 bought. I’m really disappointed that Jacky and that don’t do a running commentary on every single trade posted, would it go something like this? Oh a seller. Oh another seller. Oh my god. That’s like 30,000 shares sold out of 116m panic panic the SP is collapsing. Oh f8)( no argh trying to open my top floor window and ready to jump out another 20,000 sold and half a penny drop on the share price. Jesus no oh god oh damn help another 2 trades a whopping 50,000 sold its collapsing help help. Oh my god what idiot just bought now, there’s 10,000 bought. Haha another fool bought. Oh wait another one. And another. Wow 60,000 shares bought out of what 116m quick buy buy buy. Another buy OMG we are going to rocket whoop whoop. Seriously. You are banging on and on over nothing. Give it up!!!!!!

Along with potential for quick losses on Aim also!

JJAL. I used the analogy as the financial steps are similar but under no circumstances was I suggesting the planning permission / COGCC would need backhanders!) The COGCC will not have any problems with our spacing or permits. The issues we have had at COGCC are ALL to do with Renegade. The company has even stated they expect permitting to be a much smoother process for West Denver, as the leases are 100% Highlands leases. The Nitrogen play has only really recently been leased, then drilled. We know we have Nitrogen and great pressure, so it’s there if we need it for DTU, and or if we decide on a plan to sell it in the meantime we will hear about it. CO2 sounds like it’s a play to develop in “a watch this space category.” Helios said for ages will go back this summer and they are going back there. Substp posted some links a while back so you can see Highlands has requested to go back and drill that plug.... We all know the Renegade issue, it is what it is. We will have 8 wells producing in ED and will have our share of oil and gas from them before long. As a growth company establishing partnerships is critical. We are lucky our team have the ability to deal with True, Halliburton’s, get gas pipeline deals done etc. It may seem slow but not many junior producers get to the position we are at ever. That is funded, income to keep going and have assets (that have expanded) with the upside we have. Let’s see what our Helios drill does when we pull that plug... West Denver is now at least 48 wells by the way. The acreage is expanding and the terminology in the RNS has changed...

So. I’m no expert but I’ll explain it as follows. Watching SXX UT’s and auctions there are so many DMA’s and orders being matched it’s neigh in impossible to work out who is matching with who. We had one DMA buy appearing in auction over a period of days. If you look back over the last few days we have had a few uncrossed trades. UT. Technically the UT is neither a buy or sell but when you don’t really have an active auction and the only item on the Buy side is wanting 465,000 shares in total, you can see over the last few days they got that order but in different chunks I.e the UT’s. In order for the trade to be matched someone had to sell at the same time, so eventually. “Hanging out” the buy order there in each auction for days it was matched over time. A big buy it was but at the same time someone or multiple people sold the same number of shares via the DMA process in Auction so they became uncrossed trades. In most other shares there are so many buy and sell orders all very close to the bid/ask its impossible to say in which direction then went, but in this case with one buy order it’s clear one buyer wanted those shares, but at the same time someone or some people sold the shares at the same price in auction so it’s not really had any impact on the price. As for Jacky. Simple response LOL at think board are my friends! Was that really necessary?!

Not in the slightest. I’ve been saying how under the radar we are and how much attention the likes of those shares get in Facebook groups with lots of people bamboozled into thinking they are the holy grail of oil and little old us go unoticed in the corner. Some poor people there are trapped in from nearly double digit pence. We drop from a rise to 24-25p back down to 21 and anyone would think the world has collapsed in on itself!