Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So whats the general consensus on the fo now being for both conventional and u conventional?
I'm only asking as I'm bored ****less with this
I've stated since the fo process started that I wouldn't think a major would share this, they would want the lot.
IMO this is the reason it's dragging on and on
Of course the other reason is DW had 1 year left on his morgage
Haha it's good to be tight then
It's just pure population numbers I would think, maybe if you take that into account our increase would be the same %
This is going to take longer than people think and hoped for, unfortunately
Have to agree with YY, FO deal won't see us retain the major %, we have 0 to bargain with,not a drop of proven oil
It is what it is, "my guess" 30% for us plus back cost for siesmic,not sure if we will get back cost for the past drills as they seem to now be worth less now, the big question for me is how many free carry drills we will get
Honestly does anyone really believe the cream the curve or the transformational comments
We know the industry has changed, it's tight and we have proven nothing
We now know that the wells we have are as good as useless, drilled vertical and in the wrong location to top it off.
We are going to be lucky to get back costs and 1 carried well for 70% of the land
Be honest, did anyone else dribble a little out on that rise, it was probably the most exciting thing thats happened for a while
I can feel it in me bones, it about to happen, all though I could be getting a cold:)
Waiting watching the clock it's got to stop!!!
It's now or never
Learning, the reason the sp isn't flying is due to the fact that DW has spun so much crap the punters don't know what to believe anymore.
Imo we will have one farmin for both con anb uncon, just can't see a T1 company taking one slice, this would explain the extension up until this new data has been released.
We are in a very good position (with the exception of or cash position ) with 4 excellent areas to work on.
The telling factor will be how much % we end up with
I think what DW means when he said "it will be transformational " is we will have the ability to move forward with out bleeding us of more funds
I really can't see the sp moving more than 2_ 2.5 on the deal.
I would be happy to get our back cost paid plus a few fully carried wells, we are going to be lucky to retain 30% imo and for this reason alone I just can't see a much higher sp until we see some oil