Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“Remaining materials and inventory are in transit and will arrive on location in the coming days.
Pre-drilling procurement and delivery is now almost complete. Upon the conclusion of this process a firm spud date will be announced.“
So spud date confirmation by Friday is my expectation. If not 100% I will be expecting confirmation on Monday. Spud w/c 19th. Back to Everyone piling in… ??
CEG AGM is Tuesday. I expect they would want to clear the dispute for that date if they could.
Re
The Company anticipates that Predator Oil & Gas Trinidad Ltd. will shortly reach a mutually acceptable resolution of its outstanding issues related to CO2 EOR operations in Trinidad.
Oozing confidence. That is an RNS that is worth reading many times.
18 months of MOU1 forensic analysis is about to prove its worth and its weight. A big Farm out on favourable commercial is in-coming. December and January are going to be some exciting months !!
To address this additional export option the MOU-1 and MOU-2 testing programmes are being expanded to include all potential gas reservoirs in the wells to maximise gas deliverabilities. This involves some additional costs in equipment and for extra operational days. The costs are justified by creating an opportunity to demonstrate the ability to quickly scale up gas production to embrace both a domestic market and a larger export gas markets
Funding provided by the executive directors is on the basis that they believe that the potential rewards now spanning the Company's entire portfolio "far out-weigh any RESIDUAL commercial and technical risks"
Some dilution is expected, and this is f’in minor in the grand scheme… super bullish RNS. My holdings is now up to 3.9m shares and I won’t sell a single share until we know more about this background story which is now bubbling away now with great energy.
However, we recognise the near-term opportunity, whilst European forward gas prices remain high for the foreseeable future, to prepare for potential dilution of project equity on favourable commercial terms to capture value for shareholders at the earliest opportunity…
Funding to progress additional activities arising out of recent positive industry interest in all elements of our portfolio is being provided by the executive directors. This will allow the Company to move quickly to do the work necessary to accelerate the potential to reduce project equity on favourable commercial terms without the requirement for a Prospectus.
**** improved farm out on the cusp???