Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good post Vinny. As value and activist investors have bought the shares from growth investor in US shale it should change. Before growth was built into the pay of management. They got paid regardless of the devastation to the balance sheet. Now that garbage is out of their contracts. The new investors are demanding a return of capital in dividends and share buy backs. No one will fund willy nilly fracking anymore.
Even with a higher oil price you should see modest growth. But..... anything can happen. I'm holding on to my Tullow at least for the next 18 months.
Is it possible to give us a link to his page? Could I find it by looking up the company in the search engine? Sorry to be a pain. I would like to watch. I only have a couple thousand invested but it's a lot to me.
These are exciting news releases that then went radio silent. I wonder if they will address them at the question session.
May 14th 2018
In additional to the known Jurassic sandstone reservoirs additional proceptivity exists with a thin (10 meter) but laterally extensive dolomite interval within the late Jurassic sandstone section.
A pilot study to test the viability of horizontal drill program to produce from these intervals is planned to begin in 2019.
At Well 54 on the South Yelemes structure we re-entered the well and tested an interval between 1,961 and 1,971 meters with a view to establish whether horizontal drilling at this depth across the south Yelemes structure was worthwhile. Based on the results found we do believe such drilling would likely be commercial and we intend in due course to undertake at least one horizontal drill.
May 9th 2019
New Structure
In April 2017, we drilled Well 808 to a depth of 3,070 meters to assess whether a new structure similar to the MJF structure existed. The results of limited testing were inconclusive indicating oil bearing intervals with high water saturation.
Recent re-evaluation of the wireline and mudlog data suggests additional untested potential within two intervals shallower in the well.
Since our last update we have re-completed the bottom of the well to isolate the water and are set to reperforate the well at intervals between 2,033.5 meters to 2,035.5 meters and between 2,250 meters and 2,253 meters.
Isn't Yelms where they tried a new layer never produced from. They had a good flow and were going to drill a horizontal. Then they never mentioned it again. Hopefully that is still on the table. Hopefully it wasn't at the license they gave back.