Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Please DW don't buy anymore land with our money. We have enough, we are now apparently sitting on 2500 MMBO and the share price is terrible more land isn't going too help that. You should use every cent on exploration and drilling, get a small farmin partnership I don't care who, get some oil to the surface, this is the only thing 88 should be considering Share holder wealth
MM My take is, if it's the big boys signing the deal they'll want the best part of 50 / 70 % of the whole shooting match, if we deal with a small party which unfortunately is a possibility it'll be just the conventional. The later would be unlikely in my opinion, I think the line up is long and strong
Thanks MM I do understand the fact we need and now have money in the bank, I just wish it was one of the big Oilers that put it there and not us:) I think we may have to wait a little longer for the big news unfortunately, I feel its a little turbulent in our industry for quick decision's at present. Didn't get to take my full entitlement unfortunately but I'm happy to be here none the less. Waiting waiting
Agree Brom Winx was a master class act and I see it as just a bonus for us all The real value will be realized in the conventional farm out soon enough and only a fool would not see potential in the HRZ Good luck to us all especially the research ones
I feel the tide is turning Be balls deep for years now and it's feeling the best its ever felt DW is all over this one and we will soon see the flooding tide rush in If the barrel price stabilizes, even better for us all Ps there's some dead set ******s on this site Just be nice it's not that hard, over it###
I have to agree, If it was possible to spend a few mill to get oil to the surface from IW2 I'm sure we would see a much larger upside to the sp than what it is presently. I'm a llth and a very concerned one at present, I'm half dreading what's in store for Friday
No it wasn't a great start, but it was a start. IMO we didn't go in with enough capital to see it to the end. By seeing it through and we proved flow no matter if it was only 20-30 bpd, a farmin partner would be more willing to have a go at the horizontal. I'm not sure we have been told the whole story yet, I have some big question marks hanging over this IW2 well.
The thoughts are, at the point of impact the formation is squeeze out to the perimeter along with any fluids. So in theory it's a possibility that the oil sits higher/and thicker on the perimeter. This is how it was explained to me by a geologist were I work.Having said that, they are a strange mob :)
My thoughts are, I can't really understand why they didn't unload the well fully so as to prove one way or another what we have. The only logical reason that I can see is, they have gained enough information to proceed with directional drill farm out or we simply couldn't afford to proceed at this time, bit of both in my opinion. This well is definitely not do, it's shut in and suspended. How could it not be a strong buy at these rate.
Man I'm over this rampant ramp deramp conversation. As Brom always states, do some bloody research of your own. Please stop feeding these clowns, the researchers understand the value of 88, unfortunately the share price isn't reflective of this at present but I'm still in balls and all.and will be staying that way.