Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Only just come across this thread as I was intrigued to learn what has gone wrong with Bushveld this last year.
I am truly saddened to read that Pdub has passed away. He was the epitome of a fiercely loyal, long term PI. I don't know of anyone else who took part in the initial run-up and rally to 40p, and through all the subsequent decline. There was one other who claimed to be a LTH, BigBiteNow, around the same time, but he exited at a decent profit, I believe.
A great shame Pdub didn't live to enjoy the fruits of success justified by total belief in management. Life can be so unfair.
RIP, sir.
Is this finally the point in time when a bottom drawer investment becomes a darling of AIM?
Looks like your 18p by the weekend post went to plan, Nick.
Rayte:
"Anyway last post. Bye fellas and wish you luck. As I PI I dont like seeing other PI's make money"
What a nasty piece of work you seem to be...
A related question, which perhaps the Morocco O&G experts here can answer, is, given the acute demands on timeslots for SV101 by 3 separate entities - SOU, CHAR and PRD - why hasn't some enterprising drilling outfit already arranged to import into Morocco a second rig plus supporting rig crew? Right now, the one and only drill rig and assembly can be leased out at monopoly rates. The drilling outfit must be creaming it in, and clearly has no need to introduce a second rig to upset this cosy arrangement.
If the answer is that Moroccan import restrictions make it next to impossible to bring in a second in-country suitable rig, then I throw my hands up in frustration, thinking the Moroccan left hand doesn't know what the right hand knows (about the mega potential of Guercif at the national level).
Can someone please explain?
As per the company's Feb 20th RNS detailing progress made and forward planning for rigless testing in Guercif:
"Phase 2 rigless well testing
Phase 1 rigless testing information has confirmed Sandjet as the preferred choice for perforating multiple zones in MOU-1, MOU-3 and MOU-4 for rigless testing.
The Sandjet rigless well testing programmes for MOU-1, MOU-3 and MOU-4 will be finalised and thereafter Sandjet will be mobilised to carry out the testing operations.
Mobilisation of the Sandjet crew and equipment will occur shortly after Petroleum Agreement Amendment #4 has been ratified and all necessary regulatory approvals for Sandjet rigless testing have been received. The time framework for the Phase 2 rigless testing programme will at that time be updated."
Comment: I take it from the last sentence that the necessary PA Amendment #4 has NOT yet been received by PRD, so that PRD cannot progress the sandjet testing as yet, or else we would have been notified via RNS by now.
But it should be noted that on previous occasions, we shareholders were told we would be kept up to date and yet PRD changed the timetable, or a change was forced on it by circumstances. So anything could be the situation currently, given past experience.
Not to mention having a MOU-5 Well planning update.....
A new month starts next week, so I'm hopeful we will get a comprehensive Update RNS.
Presumably, if Covalis is still executing a large sell order, the rules allow that entity not to disclose until completed.
Why so, Bline?
Is there a date set for it?
Now, is this a Chinese "very experienced downstream SPG producer", or POSCO?
I still can't quite get my head round how the DFC would react if a Chinese outfit was the JV partner for a Ugandan SPG grade production facility.
Is there a new X posting by Mike today?
Eh? You've been here for many years, yet you think that drilling success will just keep the sp where it is now?
You really are a glutton for punishment. Or have a warped sense of investment risk and reward.
How absolutely spiffing.
Will CM be another delayed part of the story, given that cash flow back in the Jan operations update was expected to flow through in H2 after work overs get started in Q2, thereby funding MOU-5 drilling?
You ramping t w a t.
The seller just crossed down below the 5% level. That's all. Plenty more to sell if they so choose.
Seconded.
Thebold,
If this bb was nothing more than an echo chamber for bullish, pro-company points of view, there would cease to be any value added by anyone posting personal opinions, no matter how qualified to comment.
I welcome discussion that challenges the prevailing bullish sentiment embedded in each of these BBs. Char isn't a lone figure in this regard. And I welcome Jimmy's willingness to explain, in a polite and non-combative way, with anyone who has doubts in any area of the story.
With greater understanding comes a greater conviction to hold a meaningful position relative to one's total portfolio wealth.
....but that's not what PG said, in his infamous Sunday Roast interview back when. He clearly stated that flow testing is for PI consumption. Resource delineation is what buyers are seeking. ...for that end of last Summer corporate sale.
Thanks for that, Jimmy.
To get towards your 1Tcf target, does gas need to be confirmed at both well locations, indicating continuity between the two prospects?
And is there any potential problem about well formation damage such as Prd encountered at MOU-2?
Dbh, you're the ****, I'm afraid. Please check the handles again. I've never been anywhere near matd. Ever .