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" The results to date have been very positive and I believe that Havieron provides a great opportunity to
improve the economics and extend the operating life of Telfer”.
There is no turning back now. Newcrest want the whole lot for themselves. This is a statement to all and sundry that it's the saviour of Telfer. Biggest hold of any on Aim surely. I'm accurate excited.
101 in production and currently churning out 55/day. This is a continuing money stream which seems overlooked.
I'm with washers all the way to 30p plus.
Chalkandcheese,,, I'm sure you have the most dangerous guns
Having listened again to the presentation, what i hear is that when questioned about running on a shoe string he states that they will get103 into production get the money coming in then look at options.
My take is There will be no raise until at least April or May and then the raise would only be dilutive as a last resort.
This share really appears to have it all. I was convinced of a placing but now that has been erased from my thoughts. Other forms of debt appear to be the way forward. He did go to lengths to cement this. There is also the Other interesting item on the agenda which he cannot comment on as it is obviously in negotiations
I am very upbeat now and intend to throw the kitchen sink at it.
This is the only reference i can find with any details on the Vanji hirizon. Almost the same depth we are potentially drilling to. .. Take your seats and enjoy.
https://www.rigzone.com/news/oil_gas/a/18703/burren_energy_announces_latest_results_from_mboundi_field/
Burren announces the results of wells 1301 and 303 on the M'Boundi field in Congo (Brazzaville).
Well 1301, a step-out appraisal well, was tested at an initial test flow rate of 4,100 bopd on a 40/64 inch choke. The well was drilled to a depth of 2,594 meters from a new location which is the furthest to the northeast in the field. Pressure data indicates a deeper oil-water contact than elsewhere in the field.
Well 303, an in-fill development well drilled to a depth of 2,408 meters towards the center of the field, was tested at an initial flow rate of 4,500 bopd also on a 40/64 inch choke.
The test production rates from these two wells are the largest witnessed to date on the M'Boundi field, and in both cases came from the Vandji B reservoir.
Development and appraisal drilling on M'Boundi continues with 3 rigs in operation. The M'Boundi field lies within the Kouilou PSA area in which Burren has a 35% working interest.
Does anyone have an e-mail address for the company as there is not one on the website. I feel i need to air my views to them.
The next target is supposedly 4 days after the first layers.With the slight delay we may actually get the results for both targets at once.
Now there's a thought.......by the time The government give their seal of approval for the first RNS they will have to give a second approval. They may as well give it for both at the same time. If successful there will be a right jolly 're rate.
Fjones you blow hot and cold and certainly not a loyal holder. Next week you will change your slant depending on whether you are in our out. I know Sefton replies to emails but i will never take what you say on your past posts.
It's still a buy from me and i can wait.
Drewky
From the horses mouth and i quote,
Once we recommence drilling, we expect to hit R1/R2 about 12 days after recommencing and then the Mengo 4 says after that.
I sold out Monday. Since then it has finally moved and gone blue. Just call me lucky!