Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This seems to work out at $1.95 per tcf which is marginally lower than what shell got in Ireland. I hope the drill results come up at the top end.
Thx for that, MMM.
Any chance of the new found area being factored into the calculations?
Folks bought Dana at 1p a share at the start. They sold out at £18. Anyone who bought 100k shares at 1p each would have ended up with an embarrassment of riches ie £1.8m take home. Is that kind of result attainable here? Likely imho . Morocco alone could do that if things were to go perfectly. The CCS scheme too could possibly produce that. The Irish gas licences could produce gas that would fetch more money per tcf than Morocco because of its locality. How much per tcf in that locality , tbh I don't know.
Folks bought Dana at 1p a share at the start. They sold out at £18. Anyone who bought 100k shares at 1p each would have ended up with an embarrassment of riches ie £1.8m take home. Is that kind of result attainable here? Likely imho . Morocco alone could do that if things were to go perfectly. The CCS scheme too could possibly produce that. The Irish gas licences could produce gas that would fetch more money per tcf than Morocco because of its locality. How much per tcf in that locality , tbh I don't know.
We would need to get the Russians out of that place for that to happen. The oil in Venezuela is heavy from what I remember. Our method reduces the viscosity of the oil and makes it flow I believe I read somewhere. Would this affect the API of the oil in any way?
It is more valuable when drilled and proven!
Not looking good for hope then I guess!
Looks like the expensive firm used by the GG are basically giving them dodgy advice or that the GG itself is just a pack of bent folks.
Looks like the article said something about improved production in March, so meaning our guys are already delivering silently.
Chloroquine tests are being discontinued by the swedes!
$580m down the drain! Really sad that this sort of thing should be happening. We all invested in a dream but the prevalent skulduggery in our host country would ensure that we won't get the sort of return we expect from the investment. The arbitration worries me sick in terms of what sort of result it would bring. If good it make loads of folks who don't currently own their homes homeowners and all other great things we want in life would come to us because we took a chance on a poor country in order to benefit us and them. Shame on the dream party that they have to do this sort of thing. Dream party did I hear you say? These lot are simply dream killers!
Not looking great here but who knows, we might just get lucky!
The company is probably gone and has most likely lost Block12 to the Georgian Government in the arbitration if I am right. It has been a really unpleasant experience that a company given so much cash ie $500m could end up in such a bad state. When this sort of thing happens it is the small shareholders who bear the brunt of silly acts by the management. Sad that the company having driven the bus in to the ditch is refusing to let the surviving passengers out ie by refusing to let folks know the true story. The arbitration result is well known by the directors and only God knows why they are keeping quiet.
Hey the other time, we were told on FRR's webssite that we have 30tcf in reserve + lots of oil probably about 14 billion barrels. As we currently face some sort of financial issue, can't we do a form of reserves based lending to ease our woes if we really have such reserves. It wasn't called resources from my recollection it said reserves!
Gipps,
Any chance you could let me know where you got the evidence of oil and gas being produced? Also if the production is taking place as you have mentioned, why are we owing lawyers? Why is Nick running around to avoid summons?
If case law and the laws of California are irrelevant to Seeborg, then Hope wins. If the laws are followed then FRR wins.
If case law and the laws of California are irrelevant to Seeborg then Hope wins. If the laws are followed then FRR wins.
:)
The MND orchestration is another crafty Hope Shenanigan. How does a human sit in their house just to plan the mega downfall of others? Once this is all over and goes against Hope, I won't rule out him taking his shrink to court for substantial damages.