Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Looks like another water issue at Lidsey. Knocking on for 40% as much water as oil now!
10.48 boe/d oil
4.31 boe/d water
https://data-ogauthority.opendata.arcgis.com/pages/production
Or he thinks he was hoping he won't need to repay it?...... due to some loophole built into a forthcoming but delayed deal!!...............well that's how he got out of paying his last director loan from the company after all.........!!!!!
DYOR
"Jonathan Tidswell has committed to repaying this loan before the calendar year-end of 2019."
He probably filled the BACS formin without all the necessary information required!...............or his chequebook had a water ingress problem that the market will be updated on in due course....lol
The real joke is they claimed to wait so long for “seasonal reasons “(being the bat survey)
The said survey actually failed due to equipment failure after 2 days. The report finishes stating the flare stack would only be used for 7 days.... Not three years!!
So send another letter to the EA over the next couple of weeks, await there response another couple of weeks and then compile a comprehensive report such as those included in the 7th Jan meeting PDF.
Don’t hold your breath to be on the Feb line up either.
https://westsussex.moderngov.co.uk/documents/g2029/Agenda%20frontsheet%2007th-Jan-2020%2010.30%20Planning%20Committee.pdf?T=0
Angus not listed!
Just worth remembering that the OGA will Put a cap on production should they actually get to that stage as they did at Brockham.
301 barrels a day as I recall can’t tell you what the gas was. (Away at present so cant post link) It’s on my history if you want to look back.
Don’t forget Angus will only get 25% of the total!
What is Angus % share of the Balcombe EWT 1st and 2nd stage?
Please confirm JTP has repaid his loan?
Did the OGA insist on ringfencing and Saltfeetby de-commissioning?
Has Quadrillas failure to raise funds affected Balcombe moving forward?
Is Salfleetby commercial at the price natural gas is at present?
Why have the OGA issued a Field Abandonment notice for Saltfleetby
....and many many more,,,,
Dear dear ocelot
My maths isn't that bad......The company was called Leni gas and oil (now renamed Columbus Energy Resources PLC "CERP") who did the deal with Genel Energy FFS. If you don't think there's a connection there it would explain your rampathon on this BB as you would be delusional!
I'm fairly sure ocelot told us they were fully financed as well YL!!........ I guess someone should have told candlestick man with his support levels that there is at least £900,000 plus the next £500,000 convertible loan notes early next year.......fairly sure we both called that one wright as well!!
The article is basically about an asset being bought on the cheap and being sold on at a much higher price ........one of the companies changing its name...Blah Blah Blah and Toxics mentor at the centre......as usual.
So is my Maths ok for you now?.......I would pretend i don't know who Gordon Boden is but anyone who has done any scratch the surface research will know he's not the portly ten-gallon wearing hat man's favourite "ha-hum" gent!
https://www.telegraph.co.uk/finance/comment/citydiary/10728213/City-Diary-Oil-man-David-Lenigas-learns-not-to-cross-the-Maltese.html
The others are self evident!
ocelot
There is more than a fleeting chance that RL and Toxic will be connected as you well know, through mutual acquaintances at Prim where RL and Family hold 19% as discussed before!
Quite amusing looking at your posting history that 4 out of the five you Post on also have strong historical links to each other!!...............Could just be a cooinkydink i guess??