George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
How is this going to reclaim even 50%? somewhat contradictory... you bought this share in theory researching and understanding the potential of the three assets. so you should know how the company can increase value and share price? no? This is AIM, with the right momentum and run of newsflow SP's can be many multiples. this was 1.5p and went to 30p. 10p to 30, 40, 50p is plausible.... When news is ready we will be informed.
Dempsey has proved what it set out to... gas at the lower levels. it was proof of concept. the next stage will be to evaluate and get the correct formula (stimulation) to establish commercial rates from the deep zones. PS. he wont ever be correct unless 8p is hit.
you two are on a par with Rathole.... TK has my complete backing, 7.9p distribution then took a 1.5p share to 30p.... There is plenty happening and TK will deliver news on both projects in due course. He has to if he wants support and financial backing. you cannot blame TK for buying in at the wrong time...
so we know where we stand with Dempsey now. flow isn't blockbuster hence the response but the potential remains from stimulation and they are keen to progress with Alvares which is interesting. China update will follow very soon now imo.
https://soundcloud.com/user-246928730/episode-10-sacgasco-gary-jeffery
It is when the metering station is 100 yards away. Zone 4 to be tested next. All zones co mingled. Production and cash flow with a wealth of knowledge of the deep zones. Play opener ? Stimulation at some point? Decent result imo
For info, Pinedale field is located in the northern part of the Green River Basin in western Wyoming about 90 mi (145 km) southeast of Jackson, Wyoming, near the town of Pinedale (Figure 1). It is one of the largest natural gas fields in the United States with ultimate recoverable reserves estimated to be about 39 trillion cubic feet (tcf) of methane-rich natural gas
"The Sacramento Basin, this is huge gas optionality for us. Again, California imports 72% of its crude oil. It imports 90% of its natural gas. From that perspective, this is important. We control about 85% of the production of gas in this basin and about 85% of the acreage. Going forward, we actually have a lot of exploration plays. You can look up the Tulainyo prospect which is on the western edge of the basin. We have an Australian partner who puts out press releases and talks about it, but it�s a Pinedale analogue so it�s something we�re very excited about. Trying to delineate as we speak. This is something that we only see getting better over the longer term. Rio Vista is really the flagship property historically in the Sacramento Basin, produced multiple TCFs of gas historically. " Http://www.crc.com/images/documents/IR/Financials/180410-IPAA-OGIS-Transcript_Edited_Final.pdf