Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
What would be the daily income from a 2000 barrel per day development at $110?
'Valuations' by banks are pseudoscience nonsense at the best of times. Is a finger up the arse guess, contingent on the CoS mostly.
Yeah, nice try.
West Newton isn't just sitting there waitng for a drill rig to turn up an start burning cash you know. We are MONTHS away from operation costs being occurred. Some development costs for WN may be needed for the FDP, but that's buttins compared to when the drillbit is turning.
Wressle* is kicking out $1m a month for UJO right now, there's a lot of cash already in the ban. The debt owed to Calmar isn't that much biiger than the debt owed by Egdon. Every week that goes by, UJO's cash balance goes up by £225,000/$300,000 with Brent at/around $110.
The Keddington Side track is first in line probably, and that won't cost much, and will increase income significantly if successful.
The bottom line is that UJO only has ONE SIXTH of the interest in West Newton, which means that for UJO to need a placement then West Newton development ops will need to cost $6m PER MONTH starting NOW!
*And Fisk and Kedd
Its unusual for the SP to be holding up so well on low volume despite the relative lack of news flow so far......
Don't get me wrong, I love news.....but this is nice too.
The calm before the storm blowing us in the right direction.
More chunky Director buys......
The rest of the baord may follow suit over the next few days again.
An update on flow rates would be nice.
The $4m UJJO RNS should occur at exactly the same time as the EDR $3m RNS (and Europa's), so EDR as operators would be the ones expected to spill the operational beans I assume.
It's getting close.........I can feel it on my bones.
I think Heid's bet of 25th March will be cl;oser than my initial guess of 1st April.
I don't think that the shutdown to install the big flare stack will delay things much.
I agree. A 10% annual growth rate is a good headline figure though I suppose. The SP would have to grow by 10% to maintain the yield, but the NAV growth is greater than that.
As a medium to long term investment, the retained profit can be reinvested at ROI greater than 10% and reduce the need for borrowing/equity raise to fund the desired expansion.
Councillors must also remember that when considering other people's applications to do something fundamentally lawful, that the default permission is to approve, and that a 'vague sense of unease' does not allow them to override the rights of others. Any denial of permission needs to be clear and consistent with law, and not contradictory of based on meaningless nonsense like 'declaring a climate emergency'., which is of course hysterical and fundamentally subjective.
Indeed.
I have to prescribe central heating assistance sometimes, and people are definitely more resitant to healthier eating choices when money is tight. Pharmaceuticals also go up in price with oil, and its harder to get pharmacies to deliver medication to vulnerable people.
But if you're called Jacinta and Cressida, and you have time to sit in the middle of a London street in your hand painted wellies signing cumbyah with a bunch of hipster twats and worship a creepy Swedish adolescent.......you need to massage your own ego so crack on.
Of course, he shouldn't get to choose what he does with HIS land should he?
It should be left to the vague whims of a hanful of hysterical ****wits writing letters to the council whilst the elderly freeze in their own homes and people can't afford to drive to work. Lol......
All these people bleating about the UK 'exporting' gas to Holland/Belgium asking why we need more gas are either being deliberately obtuse or fecking thick.
Gas doesn't just come out of the sea bed straight to your bloody hob. It needs 'PROCESSING'. Have a look at where the Southern UK North Sea sector is on the map.......any chance that the close shoreline with a pipeline to it might be Belgium??
Also, the UK (that's to political incompetence) has virtually f-all gas STORAGE capacity having turned down the INFRASTRATA plans (Portland etc) a long time ago. Therefore, at times of low UK usage some of our gas is probably exported to where it can be stored.
The UK needs more indigenous gas production AND storage. The 'fracking revolution' would need large storage facilities if we are going to become a reliable gas exporter anyway.
We also need to looks at turning excess wind into hydrogen and adding it to the gas grid as minority component.
I can't believe the bull**** to be honest.....a $20 drop on the basis that Venezuela might be allowed to sell some oil, and Cushing is running on fumes with that inventory report quoted by Heid.
Does anyone actually know how difficult it will be for Venezuela to ramp up production? Will it be the right type of oil, as they do heavy oil in abundance.
Insanity. Fill your boots with Brett at $110.
The best thing is we haven't yet seen a raft of new names on here or ADVFN giving it large yet! We're still under the radar, and the SP is rising because those in know are trying to buy more than those in know are selling.
As for the valuation.......well its not about the price of oil day to day for me. Every day we spend with oil above $100 is growing that cash pile with knobs on.
A few months back I was amazed PPO had stayed above $80 for a whole month. Its now over $120 - that's an extra $10,000 per day to UJO. That's £50,000 per week more than was being raked in at $80.
The cash position is massively discounted at the current SP level.
I'll continue to add to my SB position on pullbacks - run out of cash for shares having topped up on Friday at 22p.