Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Oakey if you look into historical Cane creek wells in the area around 36-2 they were a mix which is what I stated- not just condensate. Dont need to be a geologist to figure that one out you just need to do some research. Its just my prediction based on such research. Why do you think there is a gas processing plant a few kms away from it? Why did Colin say they had selected that location as it was a matter of metres away from one of the gathering pipelines for GAS....do i need to go on?
There looks to be another massive coul mine in Hwange which isnt that far from ours. Not sure how much resource they have left though compared to our 1.3billion tons.
Another question i have is - we get paid for 10k tons a month from atoz and their responsibility to transport. What happens if they dont send the trucks in to collect it? do we still get paid?
What's holders thoughts on our share price/valuation compared to the likes of Benscreek? I see they are producing 40k tons a month and sitting at about ÂŁ75m which has come off quite a lot from recent highs. I was of the feeling we were due a significant rerate until I started looking at them. Now back to confused.com !
Yep not been great. Now feeling conflicted as to whether it is worth buying more. Do believe there is plenty upside if he now sticks to timelines. Installing a washplant should be achievable in a few weeks so all depends on getting that surface miner delivered and ripping the ground up.
Jay - i personally dont think they have stockpiled coal since January. I suspect they have a small amount dug out but dont think there would have been any point in burning cash piling it up until they had the wash plant etc confirmed onsite.
dsrt - The last RNS at the bottom stated that gas export will be via 16" pipeline - the one they acquired from PE that ties into Northwest pipeline. It obviously needs a bit of TLC after being shut down by the regulator but could be online sooner than the new pipeline i think you are alluding to, which is the 6" one to green river.
Does anyone know if Colin has mentioned anything about the pipe being procured for this pipeline? I remember in one of the RNS’s he alluded to long leads being ordered but dont recall if that was specific to 16-2?
Worth noting the below too from the well log data. Being able to complete 85% of the lateral is the game changer IMHO and makes this a different beast altogether vs relying on natural fractures like Tim has touched upon.
· The horizontal portion of the well penetrated 4,555 ft of the Cane Creek reservoir. Wireline log data suggests a high percentage of the lateral portion of the well (approximately 85 per cent) can be completed for production
I could be wrong but i dont think previous attempts in the paradox utilised the methods Zephyr are…ie long lateral hydraulically stimulated wells. They have already proven it on 16-2 as per the below so wouldnt concur about this being a huge risk!
“During the test, the well averaged rate-constrained daily rates of 716 barrels of oil equivalent per day (“boepd”), with rate-constrained highs of 1,083 boepd achieved with limited pressure drawdown.
· Initial simulation modelling suggests possible plateau rates of 2,100 boepd are possible when the well is fully equipped and no longer rate-constrained.”