Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Hi Mick, I disagree, I think the Cali wells will underpin the company, the costs are low and will be brought online (relatively) quickly.
I do agree with you that with unconstrained flow we should be at 500boepd (including the gas) but i see that as a base case net.
There could be upside but i'm not expecting it and I don't expect it to be lower. Have a look back at the test flow rates the VG-4 well flowed at 1000bpd unconstrained. it wont flow that in production as will be chocked back.
Id be very happy with 500boepd net from cali. Companies have been valued at more for less.
This may have already been covered but i asked hur if they would be releasing a video or live stream of the CMD also with q&a. They said yes they would release a vid after with full coverage of the event and an rns in the morning with all market sensitive info
Exactly simon. Re did my calcs earlier and the short story is i agree the share price is still low. This has a lot more to give and when you start looking at the npvs even heavily discounted were still on sale here. Think the sp progression validates that. Very happy long hold for me. This is just the start of what the company set out to do
Its just 189Bcf x sale price in therms or there abouts. Doesnt factor in recovery rates or time like npv. Its just what you might get if you could take it all out today and flog it at market price and extraction cos you £0. BUT it does make a great headline figure so im not complaining. Should raise a few eyebrows. : - )
Listen again to this. ....... https://www.**********.co.uk/articles/union-jack-oil-reabold-resources-hummingbird-resources-salt-lake-potash-10051a9/ Absolutely sums up what RBD is about. Brilliant
I wouldnt even bother arguing with it. At the pointy end now. All the cretins are coming out of the woodwork on both sides. Only good thing here is we know for certain percy is full of crap so hes very easy to ignore : - )
Don’t see many engineers nodding and getting down to it during their daily job….. Some of us do : - )
Disagree with everything you just said. They have a seat on the board of the opperators. Meaning they have direct influence. VG4 is taking a while because of the required gas kit. This is a good thing. Cali is beating all expectations. They dont come accross as smug at all.
Although if there was such a company the MF would run an article titled... 'Why is sell RDSB and buy JAMTMRW instead" Sorry im done now
With regard to cold fusion. Im surprised there isnt an AIM listed company working on it stating ... were almost there. Very nearly got it cracked. Just this one last raise will definatly get us there this time...... honest
Jesus open your eyes chaps. Of course it could happen. My only problem with the article is they missed out some of the other, frankly, more worrying risks. Vis. we could all be wiped out by a virus, we could crack cold fusion and make oil worthless or we all find out were actualy living in the matrix. I may complain
Morning Chaps
I would be very very happy to be very very wrong on the low side but I dont think thats what we should be expecting or what S&S are planning for.
Im looking farward to finding out.
Either way the fact is even my numbers show how much headroom we have. anything more and its all to the good.
So the situation is either very good or outstanding, ill take either : - )