The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Why don’t we all just wait to see results off cpr from netherland and Sewell
And their independent findings and projections
Before the derampers spout it’s paid for and their in pantheons pocket read up a little on them their history and some of their references from governments and largest oil companies in the world
And that they are viewed as the most credible in their field in the world
Louis
You do court controversy and put a negative spin without giving a reason why at all times and so all believe you have an agenda unless your here to help us less intelligent on here
Adult debate is something else
Without being in the industry but a humble novice investor Along with mAny others here we believe with the company has a modicum of chance of success steered hopefully in the right direction from the board
It is a long shot as is all oil exploration and production small caps
Armstrong and oil search deal to name one
But I’m prepared for the risk and reward factor and happy to wait
What about you !!!!
But at some point you’ve got to leave us to decisions we have made and move on
With David and teams assessment of alkaid 2 drill re webinar and game plan to improve and extend lateral
And confirming it is commercially Viable
and with netherland and Sewell hopefully being positive in its report too this week
I’d like to think a.re rate is well overdue
As the only thing I can seee that sent the share price into free fall was the alkaid 2 drilling results viewed as uncommercial
Whether oil or mix of ngls s. With unit on site once in full procuction must be a good thing
All thoughts appreciated
To add if I may leading on from the webinar
How many first production drills at 5000 ft lateral get it right first time
New guy confirmed all his previous wells always need tweaking and understanding from first production test well
We now have that data and know how to improve sand, frac. And improve distance and depth
And as stated this is commercially viable at 550 x4
2200. Allowing for double drill 10.000 and improved frac
2200. X. 79 pb. X 365. Do the maths yourselves
As also stated this will produce 24 hours a day 365 a year unlike alkaid 2 previously
So upshot I got from webinar tonight
Improved frac x2. 550. Barrels achieved incl ngl =
1100
And 10.000 lateral double 5000 drilled x2 550 =1100
So total bpd 2200 and this is a very conservative figure could be much more from £13 mill investment
500. Wells over alkaid alphun acreage and 1000 over theta eventually
I know some will say pie in the sky but hey don’t shoot the messenger
So to disagree Thomas
But I see it in a different light
£350m is factored in over the 5 years and share price interest and investment will come during the course of this period
Also usa listing possibly and other factors
Potential is huge
If too much of a gamble for you don’t invest
Simples
I’m also happy with the team now steering the ship and where we’re going
My opinion no ramp intended
Looking forward to webinar Nd content later and more so n and s report
Done little research on them and seen how well respected in the industry they are and how huge companies repsol. Marathon and others use there services
Thinking David’s plans through over five years to achieve value $5 - $10. And then may just sell up if price right seems a bit of an anticlimax for him especially moving to Houston etc
But that’s big oil I guess
Thank you Louis for replying to my post
An adult and respected response
I agree to part and hope parts of the report won’t be held back and it will show positive and negative views transparently
As a house survey showing negatives does
Subsidence. Damp. Leaks bad roofs
It will also give a valuation of the property
Hopefully n and s report will show the same
For pantheon
Just my view
Omg this board is getting out of hand no structured or relevant posts whatsoever in the last days weeks even
Can I start a non aggressive thread at all and ask for input without any form of put down or slating off
We are due netherland and Sewell report in the next days to come and it seems a huge amount of importance from the board has been put on this
How much interest is this going to generate throughout the industry and how much pull does n and s have re their reports and have industry companies made important decisions once they’ve received them
Whatever Good or bad report bod have confirmed it is independent and. No reason to believe otherwise
Lots to play for
Finally just having listened to David and jays. Questions and answers session and it’s very quiet on here re this
expected more comments
I for one felt it positive and another one due soon as we’ve received cpr from ns re Kodiak field
3 items I’ve taken away from it
We are still up for farmout or full buyout as long as figure is right for all
Potential to give away 1/2 of company to fund full
Program still
Maintaining 1 bln barrels for us holders now
And finally open to possible lobbying us government to let in a friendly foreign farm in or buyout company
David has a lot of friends in high places
Finally To end
Don’t seem to see a lot of Bob anymore ????
All comments welcome
I totally agree with you
It’s baffling
Largest oil field on land find in the world 2022
We’ve had great feedback from baker Hughes
Schlumberger but up to now it’s us saying we have 20 bln in place 2 bn recoverable
Hopefully ns report will give more credible accreditation but both others are well respected in the industry
Short of successful flowtesting from all zones it
Might be just how we’re viewed by industry
But as said a bid
Can come in at any
Time also
Hi Neil
In response to your post
I know Hobbs is quoting $5-$10. A barrel
But I’d like to quote figures in terms of share price as barrels of oil is open to many factors
Price of oil at time
Cost to extract and bring to market
Distance from taps. Ie a hot tap mentioned is for alkaid drill is it ?? but theta is miles from taps
As touched on £1.56 last year I think a good get out would be £3 p/ share within the next 12 months
Smd test September min cost £8 mill approx
Theta Xmas flowtest and talitha £25 mill each. So not too huge a find raise at this level or dilution of shares and we did have lots interest from last one
The industry know what we have and true value but playing the company valuation against depleted share price but you can only do this for so long
I believe
Ns. Report wil help lots to wait for today and see
Good luck all
I’m with you mamaris
Do smd now and raise whatever needed for theta flow test and sell on
No one has the patience for 6+. Raises or loans up to $300 mill and 5 year plan including jay ithink
But please mamaris Louis loves your post don’t go over to the dark side
1. Thank god for that your a fellow shareholder that makes us family lol
2. Why the fxxx you holding shares in such a shxx company
3. No I’m not olderwiser if you track back youl see I’ve had numerous conversations with him and appreciated his industry wise opinions and knowledge