Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Jof, did I pick up it correctly when the presenter moved to the West and Willow, did the guy mention nearby projects identified with potential of an additional 3B barrels of oil?
Was wondering about you TITD! Best of luck in the new investment!!
Thanks GM67!! Gives me even more confidence in my investment.KC seems to be very clear and, I think, ambitious for EMH and their shareholders. There is no doubt in my mind that EMH shareholders are going to be rewarded over the short, medium and long term and that developments will become apparent over the next couple of months.
Brombarb 18:13 - Thanks again for the additional reading!
Not many posts today, thought I’d put a summary up - still all positive from my side :-)
Eagerly Awaiting Results:
Surely it’s encouraging that the early signs for Merlin-1, according to Dave Wall, ex MD of 88E, are even more positive than Charlie-1!?
During DW’s tenure there have been a lot of successes for 88E, much of which is in the data that we’ve acquired through 2D, 3D and from the actual drills.
Have we done enough?.....possibly? ...for a major to take ownership and prove up the Western leases (Charlie/Heavenly) which is the ‘second’ best drill and has already discovered 1trillion CUFT of Natural Gas (that’s for you rfarfa :-) ) and 1.4 BBOE, with the data re-processed, more than enough to attract a major for a potential buy out of this element?
Peregrine: The recoverable oil at Umiat, I believe, is truly well under estimated and I note that all the finds on the Nanushuk are reported, initially, relatively small and the actual recoverable numbers are multiples of the initial findings...this ties in nicely to Merlin, where we’ve got most of the information that we need from the well, just missed out on the final flow stage - but, again, enough to encourage a major along for a discussion/deal. And the tie in for Harrier could be equally compelling.
The ‘spill over’ from acreage to the North of us, discovered from the recent drill there, will also be advantageous to us, especially if it ties into our Alpha lead(s).
HRZ, not quite the icing on the cake now but, at least, an equal partner in the available projects.....a substantial resource on our territory, that’s more costly to get out of the ground, but would sweeten the pot for any major interested in our acreage.
Yukon, and the newly acquired acreage there, I believe will be holding significantly more resource than current information would infer.
What’s the chance that we were asked to explore Umiat/Peregrine instead of Heavenly this winter as some entity has the whole acreage in their sights?
Lots to look forward to and news just round the corner.
IMHO/DYOR
Just a little rounding error ;-)
That was definitely a buy at 15:46 - mine ??
19:58 not needed but thanks! I believe there are Billions of barrels of oil in our leases.....just need a bit of luck for once...
What I was actually referring to was another poster seemingly post that they were expecting results in the next few days, which I was pointing out was quite possibly a mistaken point of view.....not impossible but that we shouldn’t get too excited that the next RNS will be the result(s). Also, I’m continually frustrated with the wordings published in RNS after RNS.
17:16 not to get into semantics, I read it as per Phrontist’s summary of what I inferred (16:13). :-)
Brombarb, Your interpretation might be correct but it lacks evidence.....none of what you infer is stated.
14:46 Begs the question as to whether it is a schedule of when to expect the various results from the lab analysis....or other?
‘A schedule of expected results will be released in the coming days once timings of the various analyses are confirmed.’
An RNS with info which is as vague as ever....
@10:15 - thanks again Brombarb.
They only need 500k each then :-)
At this rate of interest, they’ll have bought all of the shares in the Australian and UK markets off of us. 16,000 US investors at an average 780k shares each = 12.5 billion. :-o
Thanks Moda - Needs presenting on Reddit to provide some additional insight to what’s potentially there....
Thanks again Brom!! - I've been trying to piece the jigsaw together and should have just asked you much earlier :-)
Onwards and Upwards!!
Thanks Brom - did you review the Housnknecht presentation that Momaka posted at 11:35 on the 30th March? You'll probably have seen it before and no doubt have lodged it in the wiki. There's a couple of slides which depict the Nanushuk trends from North to South, which he advises are typically 80-100 miles wide, the Nanushuk being prolific but calls out that porosity/permeability reduces the further South you go....however, one of the slides shows the porosity/permeability at the Umiat wells, correlated with other wells, and given that Umiat 'flows' then I was thinking that augurs well for us being a bit further North than Umiat.
Cheers
Hi Brom,
Reference porosity/permeability - wonder, do you have information at hand as to how far south Merlin is from Willow?
Cheers
Apologies, Willow only...not PIkka