Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
uncertain, no actually I've been here for a few years since Roxi, lets say since sp was 2.5p. I know the story with A5 and the other deep wells. yes they struggle to get the oil previously but still an interval of 110m sounds massive to me and there is still chance to get it out or at least more chance with A8... and I would expect the sp to at least stay still rather to drop... any idea how much oil they get from 110m?
I was thinking in today's RNS they validated the additinal 18m, not sure what more people expected. and I was actually referring to the RNS from 4 of June not the "Award of long-term incentives". I was thinking both the Operational update from 4 of June and today were positive but SP went down. Or maybe people were expecting for more? in any case it could go down before these 2 or 3 last RNS. and not after???
open price was 13p but should be at least 15p
I usually only read here and very rarely post. MMs managed to take great news and dropped the price.
They also made 2 fake trades at the 08:00:45 ====> 10,472 and -10472 at 9.65p just to create panic.
May 2019 production - oil hasn't finished
May 2019 1396bopd vs Apr 2019 1471bopd. there is a decline at faster rate than previously experienced but it's not because the oil has finished. These wells were streamed since 2016 and 2017 and periodic routine maitenance work has been deferred which would prevent the decrease in production. This is normal.
But what about this excellent news:
A8: 4440m - 4346m = 94m + potential 18m could increase to 112m.
MJF licence upgrade: based on these descussions we remain confident that we'll be able to sell oil by reference to international prices in Q3 2019.
I'm sure the price will bounce and will go above 15p soon.
Usually if the SP rises without any reasons the company sends RNS saying there was no reason for the SP change. Let's hope good news tomorrow!
I'm the same.. just topped up.. trying to average..
Also topped up!
Any idea what's happening?
New study published today confirms significant opportunity from marginal field development ABT Oil and Gas have commissioned a detailed study into marginal field development within the UKCS using innovative low cost solutions. The final report, published today on Oil Voice, confirms both the huge scale of the opportunity and significant benefits for the company, partners, investors and the broader economy. Highlights include: Estimated 1.2 billion boe total recoverable from discovered undeveloped marginal fields in UKCS, yielding a potential post-tax profit of £22.2 billion for operators Marginal field developments could lead to a potential investment of over £26 billion in capital and operating expenditure and directly support 2,500 jobs in the UK Model predicts over £1 billion pre-tax profit from development of three marginal fields containing 10 million boe reserves each As 50% shareholder in ABT Oil and Gas, Enegi believes this study reinforces our focus on marginal fields and demonstrates the potential from this initiative. You can read the full report at Oil Voice and further information on marginal fields, buoyant solutions and their benefits at ABT Oil and Gas.
http://www.stockopedia.com/content/speculative-punt-enegi-oil-80752/