Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Once Puma some info...see below...$2.8billion investment for 58kt... if 2x rkef at Araguaia = about half the production for about $600m investment...leaves plenty of room for a healthy premium on purchasing HZM??
Rio de Janeiro, March 11, 2011 – Vale S.A. (Vale) informs that it started production at Onça Puma, a nickel operation (mine and processing plant) in the Brazilian state of Pará with nominal capacity of 53,000 tons per year of nickel contained in ferro-nickel, its final product.
On March 4, 2011, we produced the first metal from the first of two ferro-nickel production lines, and the second line is expected to start in the second half of the year. Onça Puma is built on lateritic nickel deposits of saprolitic ore and total investment is estimated at US$ 2.841 billion, with US$ 146 million to be spent in 2011 during the ramp-up.
https://www.predatoroilandgas.com/content/regulatory-news
Sarah Cope video bio on PRD website... on reasons for taking Predator O&G non exec chair role....assets got her excited...let's hope it's same at MYN...?!
A few positives...
New Chairman and now new NED with good connections and deep experience and knowledge of oil sector. Should be able to sort out new CEO soon.
Got to think new NED would have had sight of review / sees opportunity here otherwise why take the role... not like she needed it given other current positions held.
Asset review hopefully thorough with prioritization gives best chance of b/even or positive cash flow in near future.
Reasonable cash available given sale of bloe and potentially pqe...means progress on bopd increase possible
Current m.cap effectively shell value...so any progress should see stability or uplift in share price..
Mobgos
That really is an excellent post. Totally agree.
I hope it is read by all concerned.
Need to wait...no option. Assets have all been rns'd... there should be more than enough there to create significant value from this 'shell' point.... Am no apologist for CW but he and PA both stated they are looking for us based CEO / tech expertise as part of review to drive business.
If CW review doesn't generate compelling plan/actions then change will come, albeit 3 months late.
On more positive note... if Stockdale gas can be exploited would have thought that alone justifies m.cap with move up in gas price... anyone got info on that?
As someone said earlier, this is at shell valuation now.
With breakeven cash flow at around 50% nameplate ...delivery of operational up date will see major estate.
Quindell, Fujax who I assume have much more detailed knowledge than you have 'touched' this with a $4m facility....big vote of confidence
Always thought if that original rns on stockdale gas discovery was accurate then the gas there is potentially one of the most valuable assets they have....from 26 April 2018 rns:-
new gas discovery at Stockdale Field in Texas as part of ongoing developments at the site.
The evaluation of an additional prospective zone, called the Escondido Sand formation, led to the identification of 20ft of net pay with approximately 10ft of oil/condensate below a 10ft gas cap.
The company reported that it is particularly "excited" by the discovery and estimated a potential recoverable natural gas of 1.3m cubic feet per day and 10 to 11 barrels of condensate per day.
Agree.. if glencore buy would most likely be after final construction permit eta Jan.....think they would probably get it for low price now...could b v clever buy if they believe their own Ni price forecasts.
New operator at FH?......Gaither Petroleum Corporation (GPC) is an independent oil and gas company located in Houston, Texas. For nearly three decades, GPC has engaged in the acquisition, exploration, development and operation of oil and natural gas properties located in Texas and Louisiana. GPC focuses on underdeveloped, smaller and marginal oil and gas properties not considered as “core” to other companies. It specializes in fully exploiting such properties, and has proven its ability to successfully and consistently define untapped economic potential. Historically GPC has been able to create value whether through the drill bit or further development within those existing fiel
World needs more nickel. Glencore forecast is 50% more pa once EVs take off... .hold hzm for 2 to 3 years and could be huge returns from this level.... broker forecast 21p.
Those who were reading this bb yesterday....as signalled.....pqe rns followed.
Where's FH update....was there a court hearing...anyone know?
OK .... £50k buy .... anyone think production news could be good???
Priced pretty close to shell status now once you allow for BLOE / PQE... so assuming breakeven (at worst case) in Q4 post review - then limited downside....and positive news (4 properties / multiple wells) / US CEO in near term, should see lift up in SP.
SP drift presents big opportunity here, keep topping up... this is worth well over 10p on assets excluding Jamaica....Jamaica could be worth almost anything!
Helpful, any idea of potential for Stockdale gas revenues...complex or relatively quick?
RB, think everyone agrees if any 'inappropriate' actions 're deloro then definitely needs to be sorted out with Mayan compensated....but as previously mentioned...through correct channels.
Understand the point re Austin Chalk... I hope appropriate due diligence was completed, but suggest still appropriate to review where these wells sit in priority list of best returns for the available capex/expenditure.
There was a tr1