Member Info for schlemiel

Give us some feckin' news before it sends us all around the proverbial. SOLG must not become the exploration department of BHP and BHP's representative in Ecuador

https://d1198w4twoqz7i.cloudfront.net/wp-content/uploads/2021/06/29135346/Global-Restructuring-Review-Judge-exp...pdf

'There are plenty of high quality alternative options for the equity and bond holders that could offer vision and potentially substantial upside in the share price in due course, may this pitiful part of their history be erased. Crystal Amber believes that this board’s actions have beaten down the share price from 15p and like me, sees huge upside, perhaps with a restructured board combining the best of the technical achievements that started all this and the financial engineering which leaves it where we are, right now at least the investors have a choice.'

https://www.malcysblog.com/2021/06/oil-price-hurricane-eco-atlantic-petrofac-zephyr-and-finally/

28 June 2021

So CA believe the board's actions forced the price down to its nadir at around 1p or so. Well, the dodgy board's now been removed. Will the price return to 15p?

https://www.apga.org.au/events/darwin-dinner-july-2021

Northern Territory Gas Taskforce Chair Alister Trier is responsible for developing and implementing the strategy which will lead to an expansion of Darwin’s LNG Export Hub, an increase in the gas supply and service industry, the establishment of a gas manufacturing industry, more research, innovation and training, and contribute to energy security in the east coast gas market. Alister will share his perspective of the Gas Industry in NT, the current status and a look forward, as well as discussing the opportunities, development and updated progress of the Beetaloo Basin. Alister has worked for more than 15 years for the NT Government, in a range of Senior Executive roles, he currently holds the position of Chairman – Gas Taskforce Department of the Chief Minister and Cabinet.

https://www.engineersaustralia.org.au/event/2021/06/design-considerations-shale-reservoir-well-construction-australia-37946

Design Considerations for Shale Reservoir Well Construction in Australia

With the energy demand continuing to grow both domestically and globally, Australia is beginning to shift its oil and gas focus to unconventional resource exploration, such as the highly touted Beetaloo Basin in the Northern Territory. As with most new resource developments, it comes with scrutiny and concerns. In this case, particularly around hydraulic fracturing and ground water projection.

Hydraulic fracturing, is a safe and proven technology that has been developed and continuously improved upon since the 1940’s, but yet is still viewed high risk activity. The presentation will demonstrate the engineering controls and methodologies implemented in well design/construction and hydraulic fracturing to ensure safeguard of groundwater and surface resources. It will provide insight into the various levels of barrier controls set forth by operating companies and regulatory bodies.

Australia has emerged as having one of the most highly effective regulated oil and gas industries globally. As operators and regulators continue maintain a substantial focus on well integrity and environmental impacts, the industry is well positioned to enable sustainable developments of Australia’s world class shale assets.

Edward Wong
Drilling and Completions Project Manager, Origin Energy

Edward Wong is the Drilling and Completions Project Manager for Origin Energy responsible for the current shale exploration activities in Australia’s Beetaloo and Cooper/Eromanga Basins. He is a leading technical expert in the industry with a primary focus on petroleum well construction and hydraulic fracturing to provide clean low cost energy source to the Australian market.
Edward is a Professional Engineer (P.Eng) and holds a B.A.Sc in Geological Engineering from the University of British Columbia (Canada). He has worked on several international oil and gas projects including the exploration and appraisal work in the Hornriver and Duvernay Shale basins in Canada prior to now focusing on the emerging shale plays in Australia.

http://www.goldtelegraph.com/cornerstone-capital-resources-continues-to-progress-its-strong-portfolio-of-assets/

Very much SOLG specific

nm

https://hotcopper.com.au/threads/ann-investor-and-analyst-briefing-presentation.6135209/

Empire Investor and Analyst Briefing Presentation

The PFS has been delayed until 'late 2021'. An article dated late 2020 suggested a bid for Solgold would be tabled after the PFS publication. I believe that has been delayed to allow us to drill other tenements to prevent a low ball offer.

With Lasso's victory and Ecuador's entry into ICSID I would bet a bid may transpire back end of 2021. By then we will have material updates across other licences as well

have this price by the balls. The sooner the company is sold the better to prevent this playing with the price. The price has gone nowhere in 5 years except a band between 45-20 like a yoyo. Fingers crossed for some release of value soon

With Ward presenting in 2 days time I cannot for the life of me believe they would release bad news before such an event. He'd look like a complete tlt otherwise

my heart skipped a beat

the board of Ironridge to supposedly focus on DGR. What's he up to?

BHP FY21 results on 17th August with BHP operational review on 20 July so maybe asset or JV news before or on that date?

About the Role

Reporting to the Exploration Manager Ecuador-Colombia the Superintendent Geology Ecuador-Colombia shall lead a team of employees and contractor geoscientists to deliver technically all exploration activities for BHP in both countries. Effective Interaction, alignment and planning with the HSE, Operations, Land Access in addition to the regional generative team shall be crucial for this position.
This leader shall provide assurance to the Exploration Manager that technical activities are being carried out according to plan and to high technical standards. She/He will be accountable for progressing the exploration projects through the exploration stages pipeline on a safe and efficient way demonstrating key leadership skills for both field and office activities. The Superintendent will ensure compliance and management of projects in accordance with BHPs overall global strategy and standards. The incumbent will be accountable for designing, prioritizing and executing exploration programs to cost-effectively test for giant resource potential and leading and guiding the country geoscientist team, provide superior technical leadership, and foster technical excellence. The successful candidate must be fit for work at high-altitudes, dry and wet environments with restricted logistic resources and limited support.
This role is based in Quito – Ecuador and availability to travel frequently within Ecuador and Colombia and eventually to other countries is key for the role.



Your accountabilities will include, but will not be limited to:



Lead exploration activities in all exploration phases from target generation through target definition, target testing and follow up.
Providing technical leadership and supervision to BHP exploration activity in both countries.
Provide timely, rigorous and conclusive technical recommendations to the Exploration Manager to acquire, advance or exit exploration projects.
Provide clear and sound recommendations for the identification, prioritization and evaluation of discovery opportunities.
Build and sustaining a portfolio of quality drill-ready exploration targets to deliver an economic copper deposit discovery.

Lasso's victory has triggered BHP acitvity into life. Their accountants will now be sharpening their pencils as they peruse over investment decisions

https://careers.bhp.com/job/Superintendent-Exploration-EcuadorColombia/758576100/

Solgold related?

Will this trigger mining companies to take investment decisions? More so, have mining companies (BHP especially) demanded that Ecuador re-sign upto the ICSID before they commit to investing billions in Ecuador's extractive sector?

Alpala itself and wider Cascbel will need billions of dollars to bring it into production. Companies will want assurances that their investment will be safe and free from political harm

is presenting next week then surely we're gonna get an update in the next few days. He's gonna want to tell the world about company and political developments

Falcon Oil & Gas

Falcon has announced the commencement of the 2021 work programme, starting with operations at Kyalla 117 N2-1H ST2 in the Beetaloo Sub-Basin, Northern Territory, Australia with joint venture partner, Origin Energy B2 Pty Ltd, a wholly owned subsidiary of Origin Energy Limited.

On-site operations at Kyalla 117 have begun, with rigging up now complete, and clean-up operations resumed. These operations, if successful, will result in an extended production test being carried out to determine the expected longer-term performance of the well.

As announced on 19 January 2021, Origin submitted a notification of discovery and an initial report of discovery to the Northern Territory Government. Unassisted gas flow rates ranging between 0.4-0.6 MMscf/d were recorded over seventeen hours, which are preliminary indications of well performance, and an EPT is required to determine the longer-term performance of Kyalla 117.

In addition to Kyalla it is expected that work at Velkerri and Amungee will continue through this year.

Philip O’Quigley (CEO of Falcon) commented:

“The commencement of operations at Kyalla 117 is an exciting first step for the planned 2021 work programme which will cover three different plays in the Beetaloo providing key information that will help determine the future appraisal and development programme. We look forward to providing results as soon as they become available”

Philip tells me that this years program is a very busy one, they really need to be successful at cleaning up the Kyalla well and getting it to flow on its own, given the significant liquids component and the fact that this play is unique to Falcon / Origin in the Beetaloo this could advance the Beetaloo towards commercialisation.

The situation at Amungee also has serious potential, going back to the Amungee well is equally as exciting. There was deformation in the well casing between stages 7 and 8, in total they conducted 11 frack stages. Stage 1 (in the toe of the well) to stage 7 are all one side of the deformation. Stages 8 to 11 which are nearest the vertical well bore are obviously the other side of the deformation. There has always been the hypothesis that most (or maybe even all) of the 1,100 mcf/d came from the last 4 stages. They are now going back with a production logging tool (“PLT”) that will precisely determine the zonal contribution of the flow rate by measuring the velocity of the flow rate from each stage. The objective is to determine how much came from the last 4 stages only. The tool is a very precise engineering tool that can accurately calculate the zonal contribution.

end

https://www.malcysblog.com/2021/06/oil-price-petro-matad-falcon-and-finally/