Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I agree not much chance at all. But this years trip was rolled over from last year when we thought all would be fine and dandy by now. Sadly there will not be another roll over to next year if this years trip fails like I expect it to.
Hi Scott. I have been reading the postings from you and a.n.other re Marmaris and comments he made about the Talitha well design on the other board. I have no knowledge as you will know - but I do remember posting a while back about a comment from "somewhere" about a "horizontal" approach that had been used in Texas with disastrous results. I think this may have stimulated the response from Marmaris, if he thought that this was about to be a way forward again in Alaska.
As I said I have no industry knowledge but I do have respect for both you and Marmaris and would like to see us all on the same page/side.
I know absolutely nothing about the design of wells or the drilling of wells.But I have read with some trepidation the word "horizontal" no knowledge as i have said but a long memory of an " horizontal"episode in a now almost forgotten place called Texas. Where having broken the code we moved on to go "horizontal" and if memory serves me correctly not too long after, everything came to a shuddering halt. I would not dare to question anyones better knowledge if they were to suggest this course of action in Alaska. I know nothing - but but but.
Not sure if Marmaris or Scott have any input om the post below.
If they have it would be most welcome.
88e gave the following updates for Charlie-1; Charlie-1 Testing Program Drilling and Logging Drilling to Total Depth (planned ~11,400’), Logging While Drilling and Wireline Logging estimated to take ~30 days HTtps://clients3.weblink.com.au/pdf/88E/02205507.pdf 3rd March 2020 88 Energy confirms that the Charlie-1 appraisal well commenced drilling at 0600 on the 2nd March 2020, Alaska time 11th March 2020 88 Energy confirms that the Charlie-1 appraisal well has reached 3,500’ depth and casing will now be run, as planned, in the 12.25” hole prior to commencing drilling the 8.5” production hole. 19th March 2020 Drilling of production hole to commence imminently. After a minor delay, mainly due to weather, surface casing has now been set and cemented. A mandatory test of the Blow Out Preventer system was also completed successfully, which will now be followed by a Formation Integrity Test. Drilling will then proceed in the 8.5” production hole. The results from the Logging While Drilling phase of the program are expected to be announced after Total Depth has been reached and initial analyses have been completed, scheduled for early April 31st March 2020 Total Depth of 11,112’ reached in the Kuparuk Formation Logging While Drilling results largely consistent with Malguk-1 Wireline logging underway '''''''''''''' ~8 days for the first 3,500 feet with a 12.25" bore. 8 day delay for weather and to set casing ~11 days to drill the remaining 7,612 feet with an 8.5" bore. Do we know what bore size Pantheon are using and what depth they plan to set casing?
g0ldfinger
09/10/2020
09:52 Dear All - head over to YouTube, the Core Finance channel and there's a new PANR interview with Jay and Bob hosted by Blytheweigh. Cracking interview, incredibly upbeat. Jay *for the second time in 10 days* affirms PANR will be targeting over 1 billion barrels recoverable at Talitha. He says he's "very excited" to share the Kuparuk news "later this week or next week" [interview must have been recorded earlier this week] and then compares Talitha favourably in scale to Buzzard and Clair in the North Sea. More to follow but I get the feeling management are looking forward to updating us next week. GLA
scot126
No apologies for re posting this - I have been an admirer of Scott for some time and this is definitely worth a read.
27/9/2020
22:43 Hi Pro_S2009 - I take your point as laid out in post #1842. I think there's every chance you might be right about the CEOs of potential farm in partners requesting their Finance Directors model the two scenarios, i e if the resolution is passed/rejected by Alaskan voters this November. But here's the thing, and I've done a bit of analysis myself on this matter, the combination of Great Bear's historic losses and PANR's historic losses, together with the really quite narrowly defined and extremely high production figures which have to be achieved *prior to* the application of the "extra" tax, means that, even if PANR's assets were at the top end of the geological/commercial range of estimates, the tax wouldn't apply for about 10 years or so! In fact my model has any movement of $2 per barrel (Brent) being more sensitive to the model's outcomes than the application/non-application of this "extra tax" on PANR's assets 10 years from now. I'd encourage readers to take a step back and look at the big picture. If *ever* PANR's assets were subject to this "extra" tax then, using simple logical progression, it would mean that PANR now owns an oil field *at least as large as the Alpine field*!!!! Do you understand the implications of that single contention? It would mean that PANR's asset in Alaska would see a reserve figure *in excess of 1 billion barrels of oil*. And let's not forget, the guys who discovered the Alpine Field went on to found eSeis. Yes, the same eSeis which was originally recommended to GB by Halliburton; the same eSeis which is partnering with PANR in its seismic petrophysics studies; the same eSeis which has had full access to PANR's proprietary data for at least 18 months; and the same eSeis which after analysing that same data *requested* to be paid in PANR equity in lieu of their $2.7m professional fees. The question should be, "What has eSeis seen in the data which gives them such high confidence that they, a professional services firm, is willing to forego $2.7m in cash in return for PANR equity (or, as it ended up, a 1% royalty fee on *future* production from the acreage)?" In that scenario, go ahead and apply that "extra" tax on PANR's assets in 10 years because PANR's equity will be measured in 10 or 11 figures of US dollars. GLA
scot126
Hi Baldski & Marmaris a
At long last Mrs Chippy is talking to me again - of course I haven't yet told her that the only reason I am in "profit" is that I jumped in again -3 times - and managed to get my average down to 36.7 - colour is returning to my cheeks - which cheeks - I will not declare, but like many here I began to think this day would never arrive - we may not be out of the woods yet but at least I think I can here the traffic that is only a "couple of miles" away. Hope you are both keeping well. Regards Chippy
Baldski -- great to hear from you - thought you had left the country with your ill gotten losses and moved to a commune in Tibet. Hope you and Mrs B are keeping well - Mrs Chippy has taken a vow of chastity on my behalf until this Covoid thing is over - hey ho, stay well stay safe - all the very best. Chippy
You and me both Marmaris. Good to hear from you, lost 2 holidays to Turkey and almost gave up hope here, but bought in again and got my average down to 37 - getting closer but after such a long wait I will see it out to the end now whatever it brings. Stay well - take care. Chippy
11 March 2020
Europa Metals Ltd
(“Europa Metals”, the “Company” or the “Group”) (AIM, AltX: EUZ)
Assay Results for HolesTOD-024 and TOD-025, Toral Pb, Zn & Ag Project, Spain
Europa Metals, the European focused lead-zinc and silver developer, is pleased to announce that the assay results for the remaining drill holes TOD-024 and TOD-025 have now been received from ALS Laboratories. These results contain the highest-grade intersection obtained by the Company to date from its drilling campaigns on its wholly owned Toral lead, zinc and silver project (“Toral” or the “Toral Project”) situated in the region of Castilla y León, north-west Spain.
Highlights:
- Assay results received for the remaining drill holes TOD-024 and TOD-025;
- Thick, high-grade zone confirmed outside of the current Indicated resource area in hole TOD- 025:
o 7.70m@17.3%ZnEq(PbAg)from483.6mto491.3m,including4.3m@25.6% ZnEq(PbAg) from 486.3m to 490.6m;
o Highest grade intersection returned by Europa Metals to date from its drilling campaigns at Toral;
o Encouragingresultsthatextendthecurrentknownhigh-gradeareaofthedepositand establish consistency with the historic grades encountered at the Toral Project from third-party drilling activities undertaken in the 1980s;
- Mineralisation confirmed above current Indicated resource area in hole TOD-024: o 1.7m @ 5.1% ZnEq(PbAg) from 280.8m to 282.5m;
- Copper results identified in hole TOD-024:
o 0.9m@1.5%Cufrom278.9mto279.8m;
- On conclusion of the current metallurgical testwork (expected during March 2020), the significant material recovered from drill hole TOD-025 will be utilised in a further phase of metallurgical testwork, to be undertaken by Wardell Armstrong International.
Laurence Read, Executive Director of Europa Metals, commented:
“Today’s high-grade assay results from hole TOD-025 are the highest obtained by Europa Metals since we commenced drilling activities at Toral in 2017 and serve to establish continuity with the results of historic third-party drilling campaigns in the 1980s. The intersections have enabled us to obtain further mineralised core to continue with the metallurgical work programme, once the results from the current testwork are received and reported. As previously announced, we shall not obtain a further resource update at this stage, but will instead focus on establishing recoveries and potential future saleable concentrate product types of zinc, lead and silver from the high-grade mining profile being developed at Toral.”
Myles Campion, Technical Director of Europa Metals, further commented:
“The drilling of hole TOD-025 was an exciting process as we were able to visually identify coarse- grained mineralisation. It is highly encouraging that this initial visual identification has now been verified via today’s assay results. It represents the most significant hole drilled by the Company to date at Toral and also ranks highly in comparison with the historic higher-grade (see the rest on the
Dear Father Christmas- I have been a really good boy this year - so far - and I was wondering if you could help me out a bit in December. I am, what is known in the trade as a long term holder - which is a term NOT to be confused with the similar - very similar - "long suffering holder"( although I must admit they both apply) in a company called PANR. You have probably had a letter from them as well as they are trying to get hold of some end of year financial results and will I am certain will also you be asking if you can conjure some up. I have nearly given up hoping for some sort of information from PANR and thought you might have some in the bottom of your big red sack. No rush - I don't think you have anyone to beat in a very slow run race. If you have to look very very hard I think January won't be too long to wait. Lots of love Chippy
Bit Coin on ADVFN made a very valid point that at 16.65p we were higher a year ago before any of us had even heard of Alaska in connection with PANR and we were all waiting for good news in Texas. A year passes and now GB and Alaska are the only show in town and the future is Soooo much better - and very soon Rodney ???? -- jam tomorrow AGAIN ??? - and I now find myself even further under water than I was after so much better news. As a much younger man I remember a phrase about "chinese water torture" - mmm seems a bit like that here does it not?. I do hope we don't get any more "good" news - I don't think my therapist could stand many more of my tears.
Will someone please tell why Texas and all the promises of "we've cracked the code" and of "jam tomorrow" and words that indicated that now we are no longer being controlled by vision, and once Bobby Grays estate have been sorted we will be "off to the races" have all come to nothing. Its almost as if Texas NEVER even existed. For pity sake - it was all we had.
Its what most of the LTH were basing there hopes and investment in - and now it barely even gets a mention.
Ive read just about every posting on here since the "we've cracked the code" days, and that's a lot of hope - disappointment frustration -anger and now apathy. How sad for all LTH. I have come to the conclusion that the guiding words that Pantheon are working by are -" don't put off till tomorrow - what you can put off till next year" Yes , maybe, just maybe, we will see something happen - eventually - but my goodness me whatever happened to - "Lets get on with it" in this business.