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Well bounced off the low today, kinda hoping thats consolidation over with and we're back to the onwards and upwards stage.

Presume they can do all the deepenings on project 2 one after another now they have the funds? Will be good for growing/maintaining production levels I'd imagine.

Thats a nice result for a Monday morning. IG's showing $84USD for brent so at 241B/day I make that c.$7.3M/yr for this well and thats just on the oil.
Market ignored the farm in can it ignore this?

Since its evening and igas is looking poorly sp wise anyway.
Miles5 and the rest of the Nato lovers.
A complete and concise explanation from U.S naval sources on how your buddies from the naval capts all the way up to the US President openly lied about Tonkin in order to start the Vietnam war and butcher/gas/napalm over 3 million people there.
You really seem to have no idea just how evil the people are you've thrown your hat in with and the blood on your hands by doing so..

https://www.usni.org/magazines/naval-history-magazine/2008/february/truth-about-tonkin

Only just starting to dip a toe in here so not really in my interest to be bullish but looks like a buyer is around at the mo.
Annoying as was hoping for a cheaper entrance and reckon because of said buyer may have blown that.
Watching again in the morning in case you're right greg and there's a chance to get in sub 8 again but have a bad feeling I've missed the low here.

Wonder who'll manage to pick them up in the current frenzy, Cantor Fitzgerald, Morgan Stanley or will it be one of the other numerous players sniffing around their helium plays?

From the last interview of the top of my head aisc was up to $125/T, rail costs $60/T, royalty $30/T and they only sell short tonnes so receive less/T anyway so $175/T for breakeven seems a bit of a stretch?

It is consistent with a recent interview/newspiece given to local press.

The assembling of the washplant is now 75% complete and, once completed, crushing and screening will also be installed, the firm has said."

Seems to be where they are now?
https://www.chronicle.co.zw/new-mining-projects-accelerate-matabeleland-transformation/

On that theme I'm thinking this may be the most important part of the RNS..

"I look forward to providing additional updates over the next few weeks as we transition from developer to producer."

At least the time to sales looks to be getting closer.

Take it this is the relevant price to follow?
https://www.theice.com/products/49321531/Italian-PSV-Natural-Gas-Futures/data?marketId=6277634&span=2

From 14th Feb RNS.
18-month GSA contract to commence on 1 April 2023 with potential to extend
· An estimated 37 million standard cubic metres of natural gas is expected to be supplied to BPGM under the contract
· Gas supply price will be linked to Italy's "Heren PSV day ahead mid" price assessment

Starting to look again given the price.
Whats with the TR1 claims? Using investEgate I'm showing two buys since 1st Feb and 1 sell on the tr1's.
Doesn't seem to indicate tr1 holders bailing.
For the record was a bear on PANR since above a pound and wasn't liked for it either (putting it mildly).

I'm not seeing any cancelled?? Odd if they were, even odder if they weren't and the price isn't 2p. That was a lot of 5m's.

LOL that was just mean.
4 weeks this coming Tues since they claimed...
"Drilling data indicates a good reservoir containing oil with significant gas. The extended test will provide the data required to optimise the completion design whilst monetising both oil and gas produced. Production results and forward plans will be communicated once the extended test is complete and production rates have stabilised."

Hopefully not too long now before stabilization and they can report something?

So gone all quiet as we tentatively wait for $300 met so we can go long again. lol

"he's directly asked about the rest of 2023s order book, in reply he states already forward sold circa 70% of the higher monthly production with the 2nd HWM running"

That's at just over 7 minutes in and no he didn't say that at all. The word "monthly" wasn't even used.
He said and I quote "we've sold against our target production at the high no. we've sold something like 70% already and the rest we want to go into the spot market" He also states "sales are strong, prices have held up well." Not something he'd state if 70% of "monthly" production was hedged.
Think its a simple case of peeps hearing what they want to hear but would say definitely no further hedges are in place.

That just means he's sold 70% of the 100K Tonnes he discussed in the previous interview. Once the full 100K/tonnes is sold its back to the spot price. There is no further hedging.

For ref they set the price as a one off due to the Russian coal issue last year and Adam was expecting a lift in the price once the Russian effect was over.

Not looking to start a row but looks to be a lie about BEN having 70% of their coal hedged?
In the below interview Adam states they've resisted setting hedges but have set prices for 8 cars (about 100K Tonnes) at prices above the current price but after that its back to the index price.
BEN do not believe in hedging straight from Adams mouth. Starts around 12 mins.
https://www.youtube.com/watch?v=V9KxKxYUa50

Trying to answer my own question have only found this from the Finals so far..

"The Group does not use derivative financial instruments to manage interest rate costs and, as such, no hedge accounting is applied. Further details on financial risks can be found in note 3 to the financial statement"

re the below is it known what price ben hedged at?
"Transport cost are linked to the price of coal, 70% of ben coal production is hedged, locking in the recent higher prices."