The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
I wonder how much of the new equipment for BP they were able to get out of China, ...(ahead of the New Year Holiday, and the Virus outbreak)?
Or was the equipment departure held up until the Tranche 1 financing officially went through?
jmo
"The well will then be shut-in to measure the pressure build-up and determine technical reservoir qualities, then put back on production at a choked-back rate of 200 boepd to conserve gas and reduce flaring while gas facilities are being installed. Once the facilities have been installed, the Company intends to flow the well at an oil production rate of approximately 150 bopd and a gas production rate of more than 1 MMCF/d (giving a combined total oil and gas rate of 322 boepd)."
Yawn.
And water-cuts in the 70% range???
Mediocre results, imv, ...especially compared to the earlier, initial results from Well #16aZ
just my opinion
Canadian billionaire invests in Generation Mining (Palladium project in Ontario, CA).
https://www.mining.com/palladium-miner-generation-minings-stock-soars-on-sprott-investment/
I wonder if he might also be looking at EUA?
Significant, investable palladium projects are hard to find!
GLA.
jmo
From the Dec. 5th Final Results RNS (Chairman's Statement):
"Following the share placing in February 2019 and the rationalisation of the Company's cost base in both South Africa and the UK both prior to the announcement of 30 September 2019 and since, the Group's present financial resources and existing facilities are considered sufficient to enable it to operate until March 2020, by which time, the board of directors anticipates to have either secured further financing or successfully concluded the Strategic Review.
Outlook
Ironveld's Board is committed to delivering value to our shareholders. The Company continues to hold discussions with a number of parties interested in potentially making an offer to purchase all or part of the Company's assets and expects either to have secured a strategic financing partner or have concluded its Strategic Review early in the New Year."
I'm looking for some sort of an update one way or another, ...and relatively soon. Hopefully it's a positive one.
GLA.
jmo
Looking good here, especially with the strong palladium prices we've been seeing. I'm thinking of adding some more to my EUA position, as I think there's still a lot of room to run here.
I also recently added another stock called Generation Mining, which has a palladium project in Canada.
Significant, investable palladium projects are hard to find!
GLA!
jmo
Chairman's Statement:
"...post period end we were very pleased that we were in a position to drawn down on the first US$ 7.1 million tranche of the facility. We anticipate that we will receive these funds shortly."
"...we are pleased that discussions with the various Zimbabwe stakeholders are in line with previous expectations, other than on timing, and we remain confident that we will commence our mining operations in the near future."
Sounds very encouraging!
jmo
I think it will come as a big relief to the market when people see that Vast has actually received the money from the tranche-1 financing, and is able to move forward with establishing and increasing production at BP.
At that point, the cash will start rolling in, ...and it'll be a whole new Vast!
jmo
I recently decided to start re-building my ECO position, for several reasons:
I think the results from Repsol's Carapa well, and Apache's Maka well, have significantly increased the prospective value of both ECO's and CGX Energy's acreage. (Carapa for both, Maka perhaps more for CGX).
Tullow is scheduled to give an update next week. It may be a bit too soon to hear anything definitive, but hopefully they'll at least give some indication of their thoughts going forward on the Guyana exploration program.
Furthermore, I'm expecting the Namibia players to get more attention as we move through 2020, with major international oil & gas companies set to embark on exploration campaigns in the region.
GLA.
just my opinion
A biotech stock that I've had in my portfolio for a while now is Cel-Sci (Nasdaq:CVM).
They're among the pioneers in the field of immunotherapy.
They're currently conducting a key, pivotal Phase-3 study (being handled by Ergomed) on their flagship product, Multikine, and the study may be nearing a conclusion.
Earlier studies have been very encouraging, so hopefully the results will continue to be positive.
I think this product has the opportunity to be a real breakthrough in cancer treatment, ...and could potentially help many people, all over the world.
just my opinion
I recently added TXP to my portfolio.
I really like some of the results seen so far on their current multi-well exploration program, ...regarding the gas flow rates, and then the large column of logged oil pay.
Hopefully, positive results will continue going forward.
GLA!
just my opinion
A biotech stock that I've had in my portfolio for a while now is Cel-Sci (Nasdaq:CVM).
They're among the pioneers in the field of immunotherapy.
They're currently conducting a key, pivotal Phase-3 study on their flagship product, Multikine, and the study may be nearing a conclusion.
Earlier studies have been very encouraging, so hopefully the results will continue to be positive.
I think this product has the opportunity to be a real breakthough in cancer treatment, ...and could potentially help many people, all over the world.
just my opinion
Good to see that the final permit for Borba has been received.
I hold both EME and SGC in my portfolio. I think there's a lot of upside potential from the large under-explored Sac-Basin prospects.
I think Sacgasco (ASX:SGC) is probably the best pure-play on these California properties.
GLA.
just my opinion
After reading today's news release, ...it sounds to me like things may be 'shifting into gear soon' for IRON.
Also, I get the feeling that the free float here may be quite low, and that shares are in rather sticky hands.
When I first bought in here about a month or so ago, I had a very hard time purchasing shares. In fact, I think I may have had a harder time purchasing these shares than any other AIM share I've ever bought. Maybe there was just some temporary issue going on at the time, but nevertheless, that was my experience.
GLA.
jmo
It may be important to keep in mind that the more oil storage they have on site, the longer it may take to see a significant increase in tanker activity, once flow-back begins.
Just as an illustrative example:
Say they're flowing the well, on a limited choke, at 900 bopd. (Potential for more with a wider choke, but this is what they start off at).
They may only be actually flowing, at least initially, for 8-hours a day, which would be 300 bopd. (Interspersed with adjustments, pressure builds, analysis, etc.)
In that case, if they had 3000 barrels of storage on site, it could conceivably take 10 days of testing before any extra tankers would need to come in.
In other words, at least in the early stages, the daily tanker count may not give the full picture of how the flow test is performing.
jmo
Nice High of Day (and 52-week High) close for ROCK.
And the market cap still looks very cheap to me, ...especially when you consider that ROCK currently holds a 100% interest in their projects!
Fingers crossed for continued positive results.
Exciting times indeed!
jmo
"It's possible that UKOG could have waited for flow tests before taking this move, however by then Alba would have been in the driving seat because the potential of the HH portland would be a known entity. It strikes me that SS has done this to force the issue with Alba before results are known in a move to gain even more of HH "on the cheap." This has been a clear strategy for the last few years. "
I largely agree with these sentiments, Stocktaker01. I've felt this way for a while now.
I believe such tactics that may have been used by SS involve 'slow walking' projects, 'slow walking' information release (thereby making it difficult to assess real value), ...and all the while diluting long-term UKOG shareholders into oblivion.
I believe SS does not want Alba selling off their interest to a 3rd party, which he knows will be a lot easier for them to do following positive testing results. He would rather buy up Alba's stake on the cheap, probably with more dilutive UKOG shares, just as they've done previously with other stakeholders.
As an investor in both UKOG and Alba, I personally hope Alba hangs in there until real and fair value can be determined, and ultimately monetized in an optimal fashion for shareholders.
Now, ...let's get going on those flow tests.
just my opinion