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41.3 - 41.49
jogging up nicely
03-Sep-20 12:57:37 40.00 250,000 Buy* 100.00k O
Alliance News) - Construction firm Costain Group PLC on Monday said its performance was resilient in the first half of 2020 during the Covid-19 pandemic with all contracts now operational.
Costain expects to report an operating profit, before the A465 and Peterborough & Huntingdon contracts, of GBP5.7 million for the first half. Both the Transportation and Natural Resources divisions remain profitable. The company reported an underlying operating profit of GBP21.2 million for the first half of 2019.
Costain said its order book stood at GBP4.2 billion at June 30 and has over GBP1 billion of work on its frameworks.
Costain has a strong balance sheet, with net cash of GBP140.9 million as at June 30.
more plusses
40.7 - 41.1774 just now
yes - edging higher now
true pokerchips
and target Liberum has been reduced from 100p to 80p
which is alot different from current SP 40.35p
(I used to work for Costain in Toronto - best to be prudent)
in my humble opinion
outperform
cabpussy
evidence please
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^WJA&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
We wont see any action on Heron-1 for another 8 months.
It is a commercially viable well - just needs connecting to outlet for distribution.
Exploitation License and Land Use resolution required first.
Then comes fundraising to drill Heron-2 to 4 and we have a commercially productive profit-making enterprise.
Getting our other interests sorted can wait in my opinion.
Comments welcome as always.
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^KGF&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
Clear evidence of the potential for a working petroleum system gathered by geoscientists from Petro Matad has highlighted the opportunity for large discoveries.
Across large areas of Block IV and V, fieldwork has proven the existence of syn-rift Upper Jurassic-Lower Cretaceous lacustrine organic-rich shales interbedded with sandstones in the Shine Khudag Formation. TOC of samples in the Khoid Ulaan Bulag oil shale, with a net shale thickness of 265m, can range from 1.7% to 27% type I-II kerogen, and has a maximum HI of 800. The thickness and quality can vary, so that at Tsagaan Suvarga the average TOC is 5.3% (1.7–10.6%), but net thickness is 900m and HI reaches 900.
At almost every outcrop, many of which may have been deposited in a marginal lake setting, source rock quality is sufficient to result in significant generation if mature. Outcrop maturity averages around 0.6% VR, marginally mature for generation. Basin modeling, however, suggests that in much of the subsurface the source will be mature, with onset of generation in the early Cretaceous following syn-rift subsidence and burial.
https://www.geoexpro.com/articles/2015/01/mongolia-potential-in-an-emerging-economy
Mongolia is a very large country with a huge resource base that is just beginning to be exploited. With the mining sector dominating the investment market and resultant growth anticipated to be between 12–15% in the coming years, there is a large and growing demand for energy. So far this has not been realized through domestic production, but the time is right. Plans are underway for the country’s first refinery, and supplying domestic oil to fill the capacity makes both strategic and economic sense.
Master82
Yes we know - Heron-1 was planned to be as close as possible to PC wells, with the expectation of success. Once we have EL we will continue by drilling Heron-2 and 3 and 4 with the hopes of finding huge amounts of commercial millions of barrels of oil (to keep the new oil refinery busy for years to come)
imho - dyor