Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Deez 1p and not 10p.
5 minutes research of Block RNS’s.
Early results from fully-migrated 3D seismic processing are beginning to provide insight into the full potential of the West Rustavi XIF licence area. - April 2020. 3 years later the actual production is more insightful.
and WR-16aZ, which have proved to have high gas-to-oil ratios. - April 2020. Gas sales struggle to justify infrastructure development.
Produced water is being trucked - Jan 2020 - sigh.
Bringing well 16aZ onto production is a significant step in Block's fully-funded £12m programme to realise West Rustavi's potential (RNS: https://bit.ly/2WYyx8e), which was demonstrated by the exceptional test production rates of 1,100 bbl/d - more than three times pre-drill expectations - July 2019. Results recorded 01.04.2019. So 84 days later he’s still pretending it’s not 90% water.
That’s why the share price isn’t 10p and EVERBODY knows it.
Early results from fully-migrated 3D seismic processing are beginning to provide insight into the full potential of the West Rustavi XIF licence area. - April 2020. 3 years later the actual production is more insightful.
and WR-16aZ, which have proved to have high gas-to-oil ratios. - April 2020. Gas sales struggle to justify infrastructure development.
Produced water is being trucked - Jan 2020 - sigh.
Bringing well 16aZ onto production is a significant step in Block's fully-funded £12m programme to realise West Rustavi's potential (RNS: https://bit.ly/2WYyx8e), which was demonstrated by the exceptional test production rates of 1,100 bbl/d - more than three times pre-drill expectations - July 2019. Results recorded 01.04.2019. So 84 days later he’s still pretending it’s not 90% water.
That’s why the share price isn’t 10p and EVERBODY knows it.
More than happy to spend a couple of hours on this, maybe next time I can focus on dilution of share holder value vs wages vs loans.
Truth is if you’re here for the oil then fool on you. If you think 1,000 bpd is going to fix the price then it isn’t.
It was always about the gas. Look at how much Europe in now dependant on LNG to meet storage levels.
Has there been any updates with regards to the massive opportunity not only to serve the domestic market independence and an over flow into Europe? No. It’s because they can’t commercially produce what was threatened. The 3D remains a mystery.
GL all.
You look at the history of the fields, what’s been drawn, compare that to modern drilling techniques, expert partners, 3D data the current output and it’s a pathetic return, a massive disappointment to the detriment of any long term holder.
Anyhoo, happy Christmas all.
What’s really important if we have a significant producer is not to have a repeat of 16. Let’s get this running at optimal levels and reported accurately and backed up with cash in the bank and we see off the asset strippers for good. Fingers crossed it’s worth the wait.
Stop fretting. The share price will rerate to the commercial value of the well and he next and the next etc. It’ll be the same if we are sat at 1.5, 2.5, 3.25 whatever. Current share price is virtually irrelevant. Not long, pretty confident we’ve a banger.