Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just going to spoil your weekend further Aligator - Kraken being discussed by Stephen Fry on bbc now
Nothing wrong with a little off topic at a weekend - I just need to research Kraken rum to make sure it’s acceptable to celebrate with when our “monster well” comes in !
GLA
Probably 6 weeks into the EWT at Royston should we expect news before March 14th reserves report? - I hope so as I believe this is a monster and could easily produce more cash than Cascadura
Broadly similar to the Penal Barrackpore oil field I think it will be proved huge ( 100mbo) + recoverable
RNS stated all 3 zones encountered economic oil over the entire interval !
I am not worried about the water cut as we all know many oil co around the world have similar scenarios- Hur this last week in their opp update are producing at 41% water cut
The field is huge -3156 acres so could support many 10’s of wells
Royston will surprise the market- I can sense it
GLA
Yet again more delays - But I have to be encouraged with what PB was saying re Royston
10000 to 12000 bopd of beautiful light sweet crude within next 24 months
It will be a huge development
This is great news !!
The fly in the ointment is always Coho - once on line then the good news will just keep on flowing so to speak
GLA
We have been waiting now 2 years for the right kind of news re Coho -promise after promise - delay after delay !! Do we really have to wait another 4 weeks for news? - I hope not
Yes it’s not going to be that wall of cash but psychologically it is Effing Huge
I am not gambling the farm on any company coming good incl TXP but happy still to have 70% of my pf in here and most of the rest in a Copper play
Incidentally- is there any significance of the Flare at Royston? - is this usual for an oil EWT
Hold strong guys - just 4 more weeks till we get some news of some sort !!
GLA
Question for MJ while we wait - I note the chat on the other site where you seem to know how many tankers may be leaving the wellhead ?
Should I bet the farm on a good EWT
I need some excitement- things are pretty steady at the moment
Shouldnt wish time away but roll on 14th March !!
GLA
Been waiting many months to re break 6p
Used up all wife’s cash Isa this am to buy in at 5.95- I’ve told her she’s in for the ride of her life - a little more exciting than the 0.05% the cash was on
GLA # Dare to dream
Having listened again to the webinar I am more convinced than ever that Royston will be huge -
When you compare what we “have” with Penal Barrackpore ( 114 mbo and over half a tcf gas )
Net sands across all thrust sheets are about 1000 ft at both but with Royston deep still unknown
100’s of wells at Penal B leads me to think Royston could end up with 20+ wells each pumping out 1000 boed for 10’s of years
PB said “Great NPVS will be announced for Royston in March”- which will have good credibility from GLJ
Royston will fuel great Divi’s here for many years
Fess up time - did something very stupid a few weeks ago - took 20k out of here and put into ADV -
My plan to add all profits back into here You never stop learning in life
GLA
Have a stiga tractor mower for the lawns - nice thing - hydro drive and 800 shares at £3 will get you one
@ Photo - Fendt still on back burner till PB delivers but we have a nice Lexion 570 on tracks if you’re ever in our neck of the woods
Was hoping for a little more action today but after yday webinar I know we will all be very happy soonish
GLA
Great webinar PB - first listen
Just reinforced why I’ve been in here now for 3 years
If reserves report is as good as I am expecting then ATH should come quickly later this spring
We will be well on the road to £3 and 6% divi’s within the next 12 months —-Bring it on