Member Info for schlemiel

From 3.02 mins

http://www.proactiveinvestors.co.uk/companies/stocktube/10746/weak-gold-price-sentiment-creating-mixed-picture-for-mining-10746.html

'Forget the rest of the RNS, the very fact that the SP held up is overwhelmingly positive!'...

I did

PS02 Panel Session 02: Making Low Permeability Reservoirs Work Room 4-5, Level 1, Royal International Convention Centre
Moderator(s) David Close - Santos, Emma Tavener - Santos
Speaker(s) Elham Samari - Condor Energy Services, Jeremy Meyer - Ikon Science, Lau Hon Chung - National University of Singapore, Alexander Cote - Origin Energy, Ashish Datey - Schlumberger
There are points of commonality between "unconventional" CSG, shale gas and tight gas reservoirs; but there are also important distinctions. Australia has mature CSG fields in Queensland and tight-gas fields in a number of states; however, to date Australia has not progressed any shale projects past exploration despite relatively consistent efforts throughout the 2010s. Exploration models in the late 2000s to early 2010s, onshore Australia, drove a strong belief that large tight recoverable gas resources could be unlocked, however, subsequent appraisal has not yet resulted in economic projects. Elsewhere in the region China has shale gas production and Indonesia has significant shale gas potential. Understanding the potential of the majority of low permeability plays requires evaluation of:

a) How effectively hydraulic fracturing can be deployed - which is primarily a function of reservoir geomechanics and stresses (local and regional
b) How much gas is both in place and can be produced - which is a function of porosity, gas saturation, intrinsic permeability and the effectiveness of hydraulic fracturing (or any other artificial stimulation)

Geomechanical and petrophysical workflows specific to individual play types are critical to making good assessments during exploration projects and to optimising production during development projects. In this session, we will discuss different reservoir types and evaluation techniques and attempt to comprehensively cover the unconventional evaluation workflow. We will encourage participants to share lessons learnt and best practices and we will seek papers on specific reservoir types, workflows, or regions of exploration and/or development activity.

https://www.spe.org/events/en/2018/conference/18apog/schedule-overview.html

'However look forward to the PEA in the new year. Then a starting value can be put on the company and we should see some movement. It's a waiting game.'...

Absolutely spot on Quady and of course we have the perfect price support mechanism ie BHP or the possibility of a bid from another major. It's the expectation that something pivotal is 'around the corner' that could ignite the price again that will maintain market interest in SOLG without which the interest may die away leading to a share price fall.

BHP's people will be following intently the news releases from SOLG. I am sure other companies as well will be watching intently the news releases from NM. We can't 'see' them but I bet in the background cogs will be turning and accountants sharpening their pencils, as it were

The price may not have rocketed on today's news but neither has the price sold off either unlike other miners.

You gotta be in it to win it and news of BHP increasing their stake again could re-ignite the price.

I wonder if BHP is working hard to persuade other SOLG large shareholders to sell their stock in an off-market deal as per Guyana? I bet they are rather than buying direct in the open market

going forward, we all know there's positive news to come which I find reassuring

gla and nw

dpr

Yes, way too pricey - and anyway you can get the general gist of the article through the first few sentences.

I know if you Google the article Origin-Falcon do get a mention - you can see a couple of sentences in the initial search result but not the full article

I wonder if Hannam brokered the Guyana-BHP share sale?

SS7 - He's a big hitter fella. Very well connected though i've never met him, only what I've read

SS7 - Good spot fella

'Also known as the ‘King of Mining’, he helped float mining heavyweights BHP Billiton, Vedanta and Xstrata; bought together Glencore and Xstrata in a $90 billion deal, and pioneered JPMorgan’s mining activities in Afghanistan and Kurdistan.'

https://www.themarque.com/profile/ian-hannam

I believe in the next 6 months the market will be looking for some of monetisation event relating to Cascabel in the same manner as Hurricane Energy's recent monetisation of GWA.

Will BHP step up and unlock that stonking embedded value contained at Cascabel (Apala and explor. upside from other targets at Casc.) to the benefit of SOLG shareholders?

We have a seller. It wouldn't surprise me if we end red

Yes, it could be priced in but the future offers far more upside than downside. The risk is not being a shareholder

https://pbs.twimg.com/media/DouTJZ4XoAAdbWH.jpg:large

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Bank of Canada now uprated to $0.90 as per SOLG tweet

Wow. I'm getting excited now!

these are all on the Upstreamonline website and therefore subs based so I can't read the entire article. Only the initial sentences are visible

_

http://www.upstreamonline.com/hardcopy/1594052/several-options-on-table-for-nt-shale-gas

'The emergence of Darwin Northern Australia as a major production centre for LNG presents one potential commercialisation option for any major shale gas discoveries in the NT, writes Russell Searancke. Another option is the domestic gas market

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http://www.upstreamonline.com/hardcopy/1594016/exploration-back-on-menu-in-northern-territory

Exploration back on menu in Northern Territory

End to fracking ban sees players such as Origin Energy and Santos ready to get back to drilling. Explorers are champing at the bit in Australia to resume drilling in the NT's onshore gas play..

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momentum slowly building

columbo - no problem fella. let's hope we all benefit irrespective of the direction Nick takes SOLG in...good luck

Columbo - Yes, we understand he's not at the coal-face with spade in hand. Don't insult our collective intelligence with such silly inferences. My point and indeed opinion expressed by others are simply suggesting that the pressures that will come with building a multi-billion mining operation are distinctly different from overseeing SOLG's drilling operations.

I have no idea what Mather intends to do from here. we shall see what transpires

It all sounds so plausible when people discuss SOLG taking Alpala to production. The logic seems impeccable and the route to production unhindered. We're talking about a project that will cost billions of dollars to bring to commercial fruition and all the delays, costs overruns, political change that may take place, indeed any number of problems that will inevitably occur on a project so large.

And then we have Newcrest who've are pouring $250m into Lundin. And people think they could finance another mine of Alpala's size? If gold tanks (following a rise in US rates) Newcrest will be hit as it's a gold focused company.

I always try to look at the negatives before I consider the positives.

And Mather is, 65 or 63? He's gonna be 68-69 before he sees a mine in operation. He's no spring chicken and he's Aussie based. Drilling is totally different from building a massive mine. He's gonna have to spend so much more time in Ecuador to oversee operations. Is that what he wants?

I believe the Ecuadorian govt want a heavyweight major with deep pockets to develop one of their most important natural assets. Newcrest and SOLG do not fulfil that critera

Anyway - it makes little difference what we say on here though it's always nice to throw ideas around

good fortune

Well, the price looks pretty stable. LSE RNS system not working

kcfb - cheers fella