Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
And there's the update, both hitting some nice payzones and both being put into production. Plus they're wanting another 4 production wells before year end. This company could become a monster once they fully develop the fields.
Ok i'll play ball as nothing else to do now i've done my gardening duties
13km(13000m) x 13km(13000m) x 1m = 169m x 6 barrels per m cubed = just over 1b barrels per every metre of net pay/15%= 152m barrels per metre of pay
So for the 4 intervals totaling 113m would be 17,187,300,000 recoverable x say $70= a lot
Feel free to pick holes in my working out
Thanks SP1 & CC.
I'm trying to find the location for the siting of the 803 well as i'm still not convinced the twitter brigade have got it right with the satellite images(same ones i posted about back in Dec). Is there more info available if i was to register to the bico site?
Entreprenante, you have a very good memory. I posted about the well to the NW on the 12th Dec(even posted the coordinates). As much as i'd like it to be a new well It's been there all along, check my posting history if not convinced. it's the same one doing the rounds on twitter.
If my back of a *** packet calcs are right then a 5% divi per annum at 42p would be 0.175p per share per month, 4x the current 0.04p, not beyond the realms of doability, a couple of deeps producing with a few extra shallows, Mcboaty sailing the seven seas and a bit of wind in our sails and it could just be possible.