Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The Company isn't going to sit still.
They will be looking at other assets to acquire and grow too.
With regards Buffalo the recent quarterly update said:
'With a minimum economic field size
estimated to be significantly lower than the
mid-case volume estimate, there is a strong
likelihood the Buffalo-10 well will confirm
an economic project. Accordingly,
Carnarvon’s drilling plans provide for the
Buffalo-10 well to be retained as the first
production well in the redevelopment
program.
For the above reasons, the Buffalo joint
venture is also working on plans to
compress the timeline to first production
once the Buffalo-10 well confirms the
expected recoverable oil resource. These
plans include engaging with industry for
supply and installation of suitable
equipment to produce the oil.'
Well done all. Shows what a joke the placing price was!
'Warrants will be granted to Andrew Knott (via LCP4L) as lender under the Junior Loan Facility with a 90 month term and an exercise price of 23.5 pence. The number of Warrants to be issued is [•], calculated as the total value of the Junior Loan Facility (at the prevailing exchange rate on the date of signature) divided by the Exercise Price.'
Also, why have warrants at a price of 23.5p been handed out? I'm sure they could've raised from existing shareholders at that price and let them benefit from the upside.
Anyway good luck all. I remember RRE when they relisted following the marathon acquisition.
Why would the share price not relist around the placing price? After all that's what they've managed to raise at? Surely if they could've raised higher they would've or is it a case of letting in 'instis' on the cheap?!
Dec 26, 2021
PETROPERĂš restarts the transportation of hydrocarbons through the North Peruvian Pipeline
PETROPERĂš restarts the transportation of hydrocarbons through the North Peruvian Pipeline
PETROPERĂš restarted the transport of hydrocarbons through the Norperuano Pipeline - ONP, thus reactivating the oil activity in the Amazon, after remaining paralyzed, since last October 4, due to the seizure of Station 5 by residents of communities native.
Last Wednesday, December 22, the ONP began to pump from Station 1, the 340 thousand barrels of crude that were stored in the facilities located in San José de Saramuro, Urarinas district, to Station 5, in the Manseriche district, both located in the Loreto region.
As is known, this crude from the Perenco and Petrotal operators could not be transported because the transport activities were paralyzed by the force measure adopted by the native communities, demanding that the Executive pay attention to their demands.
After 74 days, and the persistent dialogue that was established between PETROPERĂš, the Executive and indigenous organizations, control of the facilities was regained on Thursday, December 17.
From that moment, PETROPERĂš deployed its personnel and immediately activated the tasks that would allow the ONP to reactivate its pumping and safe transport operations of hydrocarbons, in strict compliance with the security protocols, contemplated in the Surveillance, Prevention and Control Plan. of COVID-19.
Meanwhile, the Presidency of the Council of Ministers - PCM, announced the installation of a Working Group, on January 15, 2022, to begin the implementation of the plan to close gaps in the population located in the oil field.
Patrolling
To guarantee that these transport activities are carried out normally and without setbacks, PETROPERĂš carries out land patrols in Section I, as well as the maintenance of all pumping equipment located in all ONP Stations.
PETROPERĂš reaffirms its commitment to the sustainable development of the communities in the ONP's area of ??influence, through actions that contribute to improving their quality of life, in coordination with the Executive entities.
Clearly didn't read the circular.
Normal process. EGM to get approval and once approval received go and sign the agreement.
Like with any deal until not signed or paid for it isn't guaranteed.
You can see why a lot of private investors lose money.
Canetoad current production is 2000bopd (see my previous post).
The issue encountered with water cut has now been more than priced in and genuine shareholders know H2 has taken a hit, again which is reflected in the share price.
What you now need to focus on is current production and forward curve with drilling program coming up.
If you want a cheaper entry just say that's your aim otherwise offer a balanced analysis which includes current production levels and forward outlook.
All the best.
https://twitter.com/UOGPLC/status/1465270338414170113?t=MIyLQYlyQrvhD1FGuDjLMw&s=19
From 25 November presentation. Current production just over 2,000 bopd. Full video link is
https://youtu.be/KwLRFN8i5h4 go to around 1 minute 10 seconds.
https://twitter.com/Min_of_Mines/status/1470841818967425028?t=q5UAcg3PWowJCR_lxY60tQ&s=19
07:38 4 ll 93% i PEOPLES AFFECTED BY EXTRACTIVE ACTIVITIES- PAAE- LORETO PAAP-CP AGREEMENT IN JOINT WITH THE MINISTRY OF ENERGY AND MINES - PETROPERU - FEDERATIONS PAAE - PAAP AND REGIONAL GOVERNMENT OF LORETO WE COMMIT THE GOVERNMENT AND THE DIOBALOGABILITY Platform of Peoples Affected by Extractive Activities (PAAE) of the Loreto oil circuit, on this date, we declare the following: 1. Maintaining our permanent line of unitary and non-violent struggle that always seeks dialogue, although without backing down in any At the time of our just demands, the PAAE federations, in assembly, have decided to hand over Pumping Station N 5 to the State and PetropeEu, with the understanding that their operations will take more precautions from now on, and as a sign of a political gesture to reach agreements with the government. The delivery will take place on Thursday, December 16, 2021, in an event coordinated in conjunction with the Ministry of Energy and Mines and Petroperu. 2. We are aware that we should not be an obstacle to the governance of the country, and that is why we also defend the stability of the institutions, but we understand that as a counterpart the State must guarantee our rights. IF the State guarantees the rights of the peoples, it will allow social peace. 3. When returning Pumping Station No. 5, we do so with the understanding that the government will finally commit to a serious dialogue in good faith with the communities and federations that make up the platform of peoples affected by the extractive activities of the oil circuit. , which is a great unitary effort of the Amazonian indigenous peoples in Loreto 4. We must emphasize that the agendas that we raise in search of a solution respond to the implementation of commitments that the State has already offered, both the post-oil life agenda, as well as the agenda Hydrocarbons are part of commitments assumed by the State. These agendas are set out in the roadmap that was presented to the PCM; in the same way, the plan to close the gaps? Everything that we demand is summarized in a demand that the State keep its word, that the operators share their benefits with the population, and no longer pollute 5. Some media have described us as "radical", but we could only be so because we are convenors of a greater unity of the Amazonian peoples, because we are independent of any tutelage of the State or private institutions, and because our agenda remains and will remain until its fair fulfillment. for our honor and for the memory of our loved ones, who were able to live longer and better. Iquitos, December 13, 2021 RM N 215-2021-PCM * DS 145-2020-PCM II
Anyone saying problem with the rig can go look at the authors post, comment and credentials.
It seems all systems go this month. Good luck.
You can search Valaris 107 and the post with the comment will appear. Go read the person's experience, 'Go Sirius: Rig supply and towage of Valaris-107 drilling campaigns for Jadestone Energy and Carnarvon Energy'
Someone who appears to be on go sirius confirmed 3 days ago that 'Hi Alex, we are due to move to Buffalo-10 in a couple of weeks. Currently on contract with Jadestone at Montara Field.'
That's common sense though. Until it's not signed neither party have entered. That's with anything.
The point you were making is that the agreement in principle was still at advanced stage which I corrected as it has been moved from advanced to agreed.
Like with anything in life nothing is 100% guaranteed, however, this is a milestone and here hoping it smoothly goes to sign off.
Dibs I see what you have done there. See the 5.13pm RNS which follows on from the annual accounts.
'Terms for definitive agreement for proposed joint venture with Demir Export A.S. agreed'
It has clearly changed from advanced to agreed. I guess you 'didnt' see the second RNS.
Easiest way and only way to protect your capital is to stick it in the bank and earn 0.50%.
Shorter appear to have had their day today. Company is doing well, supporting the locals and can hopefully manage production and output through Brazil until ONP reopens.
https://twitter.com/mgrahamwood/status/1443576688894308353?s=19
Seems bizzare that someone who is apparently exiting their position bashes the company daily.
The definition of deadline is 'the latest time or date by which something should be completed.'
The RNS clearly states they intend to complete by 30 September but there could be delays.
What deadline?
RNS clearly states 'Tower and Beluga intend to complete the transaction by 30th September 2021, subject to any delays in completing the conditions precedent.'