Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Jimmcdee ; looks like they've added 47000 since the last RNS. (2,085,368 shares).13th Jan (2,132,372 shares). 26th Jan
And up she goes
It was on the STV news at 22:30 last night at a test centre somewhere and that's what was on the box, I rewound it just to make sure. My guess is they're using various tests throughout the country to cover all bases. I like the rest of the holders here wish it was just ours. Probably plenty to go round the table for all the companies.
We'll just have to simmer at this level until the results in January. Or until GM deems an order big enough to warrant an RNS.
GLTAH
Justice4us
I'd wait till around 8:15 to buy, u may save yourself a few quid as we spike first thing each morning.
http://bidstats.uk/tenders/?q=primer+design#736362495-736296992-51
Welcome new to this share probably best to read the RNS's before asking a bulletin board. IMO
H202
I'd say as reliable as it gets.
It did happen.
They started up as they said they would.
Planted- if I knew why it was still 5p, I wouldn't still be working away from home for 3 weeks at a time.
Moor/NGMS - why don't you contact them if none of the answers satisfy you?
oga.correspondence@ogauthority.co.uk
Tel: 0300 020 1010 or 1090
PlantedBHA / ngms27 would the pair of you get a room.
I've explained before (both of you started clogging the board up)the produced water whether its perched or not, is just recycled and cleaned up via hydrocyclones or what ever oily water clean up system they have onboard then discharged over the side. I think off the top of my head the AM has a water handling capacity of 20000 bbld the worst that happens with a lot of water is that it makes the pumps rattle a bit more, so until the water cut is 50% or more there's no need to worry at present.
RT says it takes a few days after a trip or shut down for the water rate to stabilise, what he didn't say also that you generally get around 2 to 3 days of flush production, "ie" upto 20% more.
On a fag packet calculation we (those who hold) should have around $200mill in the bank, based on $206k a day profit from the 1st April.(at current oil prices including the hedge)
The 230 mill bond isn't due until July 2022.
OGA have said last years 9800bbopd find can't be tied back to AM, that is probably there final answer, even though HURR/Spirit may continue to argue the case. So they will have to PA the well but the oil is there & the probably will come back to it at a later date.
GLTALTH
Last years interim's were released on 25th Sept, there is no timescale for this years.
I don't know why posters here get all googly eyed over BP planning a take over when they come out with comments like they did in today's RNS - production declines by 40% by 2030 through active portfolio management : surely if they bought us it wouldn't be a decline ?
Look forward, the price can't stay like this when the cash value is almost more. The only increase in production that we should hear about is the WOSP tie in which has gone pretty quiet recently. Its maybe been put on the back burner for this year due to the decrease of the oil price.
Ignore the noise and look back in a few months when we've another 40 Million in the bank.
GLTALTH's
Here's a random post Dire from full year results 19 March 2020
Outlook
· The combination of low oil prices and COVID-19 have created an unprecedented economic environment
o However, at our guided production rate of 18,000 barrels of oil per day (which includes a 90% uptime assumption) cash operating costs are expected to be approximately $17 per barrel
o Hurricane has been working with its offshore rig, FPSO and aviation contractors to put measures in place to prevent COVID-19 having an impact offshore and limit broader impacts on production operations
· Hurricane holds significant cash balances ($164.3 million of unrestricted cash as at 18 March 2020) which is forecast to be sufficient to meet obligations and committed costs as they fall due
o Hurricane is reviewing its forward capital work programme beyond existing commitments, in light of the macroeconomic environment
Around 700+ days till July 2022 even at $40 @12000 Bbld that's over £109 mill in profit,(@$27 bbl lifting cost) if they choose to pay off the bonds, + the cash in the bank, which IMHO they won't, they'll remortgage.
Again IMO they probably will have to re-drill 7z , but in the mean time they will probably flow the well again, at a manageable rate until the water becomes a problem again, then close it in again like they've been doing during the well testing, they will have a good idea of the optimum choke settings by now.
Some of the long termers that are left here will remember DrT saying a few years ago now that he wanted to be an exploration company, what he probably meant was that he'd be happy to let someone take over the operator-ship of the fields as long as there was enough coming in for further exploration, so it may not be a surprise if they part with some of the asset,but mind you he's almost gone(still a large share holder) so that outlook may have changed.
Swazer's keep the charts coming and ignore the white noise, (its an open board, so everyone can voice there opinion) as there's been some amount of crap written on the board recently.
I'll be back in 6 months when I'm hopefully not so deep under water.
Keep the faith.
They should've been fined the day rate x the amount of days they delayed the rig, shower of do good %$&*$rds.
Keep the faith and ignore the noise.
The plan was to commission the pumps, but restrictions on non essential personnel coming offshore at present has put this on the back burner.
I can't see Hurricane actually using them anytime soon,(once they are commissioned) if the well or wells are flowing naturally, especially as we are still in the testing phase.
If you look in the RNS section at the top of the page and highlight the holdings section you can the majority share holdings.
There none.
From 24th March RNS - $17
Market Environment
The impact of COVID-19 is unprecedented and, as we previously announced on 19 March 2020, we expect the oil industry to be increasingly affected. Since then, operators on the UK Continental Shelf have faced increasing challenges from travel restrictions on the offshore workforce and a significantly depressed oil price. Whilst the Lancaster Early Production System ("EPS") has cash operating costs of $17 per barrel at current production levels and oil prices, operating cash flow from the Lancaster EPS will be materially lower than previously forecasted for an indeterminate period. Hurricane has a strong balance sheet, including $164.3 million of unrestricted cash (at 18 March 2020) and is therefore in a strong position to weather this current downturn. However, should this change in the market environment persist, it is likely to have a material impact on our capacity to fund capital expenditure.
Sharehunter; Probably because they're buying instead of filling up this board with needless comments.