Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Keith, I am so glad there is some focus on the OIL/CONDENSATE on our license.
I have never felt enough focus/credit has been given to this possible asset.
Any idea what PG/Lonny’s focus might be re the other 29 possible targets within our license area.
Cheers MEM
As in most business, common sense, a balanced outcome and an end date for final sign off.
Everyone is keen to get this over the line !!
Giving an idea of final deal and timescale
Excellent find, all the sellers of the last couple of days may be rapidly re thinking that short term decision and scramble to re buy.
Sit tight, we appear to be in the final furlong !
MEM
Details matter
Bold, as you well know they will not tell me, unless its in the public domain !!
I have frequently become downhearted at lack of Comms, never more so than right new.
1. PAA No 4 ? Yes or No, if No, what is the issue
2. Depending on answer to Qu 1, what is the new timing for SJ and Tubing to commence testing
3. Drill rig ? Any knock on to Qu 2 that impacts drill rig timing, and do we have a likely date for the rig ?
PG controls a large % of planning, I expect if PRD can no longer meet the guidance PG himself set, he should update the market.
This is transparent business Comms.
MEM
There have been many thought provoking posts around Timelines, Budgeting constraints, Testing and Drilling.
It seems that 2 main items are repeated by our management
Missed Timescales and zero Communication to update us mere mortals, the SH who make all this possible.
On this we can probably all agree, or maybe not !!
Tomorrow is the last day of April, is PG really not going to update us on SJ, Tubing and a drilling timescale for MOU -5 ?????
MEM
We seem to have staged a good recovery, mid price down 0.5p on IG.
Common sense prevailed re this mornings RNS. Steady ship, all good.
Just wait for the final sign of re MNPU.
Just a little more Patience
MEM
Hi Seatank, thanks for your input, excellent.
One thought re your FCF
Forecast Oil prices
What will the price of oil be in 10 years?
According to the latest long-term forecast, Oil price will hit $100 by the end of 2024 and then $110 by the middle of 2031. Oil will rise to $125 within the year of 2032, $140 in 2033, $150 in 2034 and $160 in 2035.
IF this came to fruition the FCF would be utterly enormous.
The Gas which SEPL plan to extract and sell to a power hungry local civil population, plus export to overseas markets will become a large standalone profit centre.
Everyone should have some SEPL in a balanced portfolio.
Final thought, when the MNPU deal is signed off and our average daily production rises to 100,000 bpd, with more upside, we will become a Bid target, especially with 25 years of reserves.
Large oil and gas fields tend to get larger as work is completed, unlocking larger reserves.
Interesting times.
All within a background of increasing dividends
I can foresee a bid price of £3bn in 18 months time.
MEM
Good chance of a further recovery in the SP this afternoon, hoping for a closing price broadly neutral change.
Then waiting for news out of Lagos re Chevron/Mobile final sign off, we must be very close after the Oil Ministers comments
I am buying as this represents a great Buying opportunity ahead of MPNU news, which must be very soon.
Large spread of 8p will narrow as the day moves on
Hi SeaTanks, my mistake, I shall carryout my own DD - rather than ask.
Thank you for your input.
Best policy do not assume ….. CHECK through your own DD.
Hi Tyler,
Happy to learn, OK understood
Thanks
MEM
Tyler I think that means local work, services etc paid for in Naira is more expensive to SEPL.
However the majority of services are USD related, so a strong Naira has a small/marginal downside.
A strong Naira will improve the long term stability of the countries economy, which is a positive for everyone.
MEM
Let’s try something different, if you have nothing sensible to post re PRD, let’s try a little self restraint.
Ah silence, beautiful.
Hi Trek,
Hi Trek (or anyone else) May I ask what happened re the planned drill of OML 40, I know it should have been drilled but Covid got in the way.
I have just gone through almost 4 years of RNS’s and cannot see any mention of SEPL drilling this area, can you please update me, THANKS
One last question, from a EV standpoint, SEPL seems very undervalued, does the Co have a plan to try and increase our ‘visibility’ maybe a series of road shows, any talk of a NYSE listing ?
Thanks in advance
MEM
Is there a whisper of news to be announced re the MNPU deal, maybe released on Monday ??
The offer price was 148p only a few days ago, then we went XD. And now the offer price is 168p all in the space of a week.
This feels very different !!
MEM
Thanks for attempting to write a long detailed post, i share your frustration
MEM