Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"They appear to be pitching for recognition as a major infrastructure project - we'll see how that progresses."
No-one in their right mind would entrust s a "major infrastructure project " to a dozen in a office in Guildford who have no experience of large scale projects
"I'd like to see movement on Resolution and Endeavour gas discoveries."
they have to complete a 3D seismic survey by April 23 to keep those licences - that's a big ask as they haven't announced they have a crew on hire
sorry - issue withe convertions in my spreadsheet
"That was a typically pointless AiM RNS basically reading....."come back in 2 weeks and we can tell you what was delayed and went wrong " or am I getting cynical in my old age ??"
To be fair I thought it was reasonable - and I ma of course the illegitimate daughter of Greta T and a green coloured Troll who lives under a bridge.
The well is taking more time - and that is no surprise - see some of Push's posts - and even mine. It's too easy in a horizontal well to finish up in the wrong - or at least not the best - place. Putting out an RNS is the right thing to do when everyone is desperate for news.
2825 tonnes of oil = 680 bopd down from 2909 in August
299.45 tonnes gas down from 309 tonnes
" a transparent project plan with precise timing (too precise perhaps as one or two elements are bound to over-run)"
ANGS record on meeting timings is awful as any investor will tell you - they were almost a year late on financing, they were over 3 months late on first gas
people are already complaining about the sidetrack - wrongly in my opinion as its not as easy as the ramp squad think.
ALL
"Dead share. As other gas UK shares. What a shame ..."
What you mean is the management don't pursue news flow at any cost and there are no pump and dump operations to help day traders and insiders
IMHO the activities around small oiler shares has done a lot of damage to the sad reputation on AIM as a place to invest
"Then tell that to the CEO who states clearly it is 'simple'"
Lucan has a background in Finance not drilling Tygra - he's a nice enough bloke but really - no directional well is simple. It's not a "liffe and dath" operation but its easy to get wrong.
For example IF you go horizontal at the wrong place you can finish drilling cheerfully ahead in the overlying rocks wondering where the target formation is - and its by the time you turn the well down (not easy) you are way away from the actual top/target and the well is no longer horizontal so you then have to bend the well again when you hit the pay - and chances are you overshoot and then have to bend the well UP and then ....................
Listen to Push - he knows what he is talking about