Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
HME is aligned to steady predictable shareholder friendly returns and behaviour. As solid as it get imo.
So talk on the rio investment, benefits etc. https://youtu.be/tslhsFi9hw4?feature=shared
Judging by the RIO investment we should see a price move based on RIos options either we see price move up so the option are at less of a premium to SP or Rio decline the options and buy opened market(?) or Rio declines to invest further, which will tell us how they see the DFS progressing.
I don’t see it as 3 years away as an investment I believe the investment return is a RIO takeover which I see as a 2 - 3 bagger on current prices. Open to comment and discussion, I was planning a write up to VIC but beaten to it by a much better write up although we came to similar conclusions.
It would benefit most oil companies.. but doesn't seem likely or desirable and likely to presage something far worse to be contemplating.
At Least SQZ pays a dividend it can afford, while one waits.
Simply Wall St is simply a colourful tool an easy superficial screener., the obvious it picks up not so the much below the surface, to treat it as gospel is the height of laziness.
Thank you @=MTucker and V111jas.
V111JAS : Care to support that please, I think you are out by a factor of 100?
V111JAS.
how much investment does he have do you believe CH has.. ". In view of his personal considerable financial interest in the Company "
One would like to have thought this was already in play and merely awaiting dominions pipeline, do we expect further delay due to zephyrs pipelines to connect to.. "would be available to receive Zephyr volumes in due course when Zephyr's own infrastructure and wells have been completed and all necessary regulatory approvals and commercial agreements have been completed." ?
Happy with that. Got my politics Q answered in the Q&A good to get a bit of colour on what is going on with what is coming. Bought the DIp to get my average down, but still underwater with SQZ.
8.9% I believe currently
Had this on the radar not dug into it deeply, interested as a good proportion of income is from dollars or outside the UK and its cost of manufacturing is mostly in dollars, but it reports in GBP with a strong dollar income should be less affected by a weak UK market.
However National Vision has lost and is in the process of moving out of Wallmart over the coming years, and EYE itself is not doing as well. Can Specs supply direct Wallmart if they move directly into eyecare?
ESLOF is doing much better than EYE up 7.2% on revenue while EYE was down on Q2 . How much is EYE affecting /going to affect SPEC in addition to the the cost of recovering from its Norville and Eschenbach losses? Is this what we areas seeing reflected in the SP or is something else at play?
Trucking gas? They did truck the liquids they produced in the first test
But they still have a limit on gas they can flare during the test.
Salt is a n issue explained here for Utah.
Under the pressure and temperature of deep burial, salt will often flow, like squeezing a tube of toothpaste. Salt flowage can ruin a well by collapsing the well casing and plugging well perforations and tubing.
extreme https://archives.datapages.com/data/fcgs/data/014b/014002/697_four-corners140697.htm
As will I.
I am not trying to, I’m implying that the company does that .
However thus far we see little sign of the prolific oil I’m invested for.
Thank you for the reasoned discussion . We shouldn’t have such a fragile hold on an investment that it can’t withstand and fears real questions, which some on here clearly do.
Well, one argument perhaps would be they have misdirected shareholders as to the true state of affairs? The problem was clearly communicated and nor was the reason for the extended test.
Shareholders should hold the company to account for its communications, actions and behaviour.
With the caveat they are on the Market they are for a reason, one of those reasons is lack of transparency/ accountability, if you don’t want to appear to be in with the rogues don’t foster a cause to be.
As to all the data, no we haven’t but we have seen all the data from the first test and some of the current and throughout that period no discussion of the salt clogging and reason for the extended well test.
Which then clearly leaves questions as to what is the true state of play at the 36-2/3 and the spin put on that in the search for prolific oil.
Exactly, but as has been it reiterated time and again, the restriction was assumed and fostered as a gas issue or a choking issue on the well.
No discussion of salt clogging and certainly not as clearly given by the company as it was for the purpose of the extended well test requested off the state.
And this was not as it was communicated to the shareholders.
Worth repeating I suggest.
“ Rose Petroleum (US) LLC respectfully requests approval to extend the initial well testing of the referenced well that began in October 2021 but was limited due to intrusion of salt and plugging of wellhead and flow lines. Rose is requesting additional testing in October/November 2022 after we have installed production tubing and annular water injection for salt treatment which will allow us to get sustained flow rates”
Clearly an economic description with the words you cited “slat deposition” and no mention again of even that for the recent well testing..
Case proven n'est-ce pas?
Well old chap, don’t be coy in enlightening us all with your ‘bit more knowledge’ , there’s plenty of waffle and balderdash for the extreme case, with little more than supposition to support it..
Not accused them of lying, but let’s economical with the truth, I can understand why you’d want to play down the negatives and play up the positives.
I don’t believe they would get the flow rate they did on a 12/64” choke. That’s 4.8mm bore..
1 barrel of oil is approx. 160 litres
https://www.copely.com/tools/flow-rate-calculator/
So I stick to the view, the well test constraint of flow is simply a factor of downtime of the well production days. Let’s get a categorical refute or absolute clarity from Zephyr..
The current log data on the well is lower than the first test, it’s been shut in almost a year it (imo) should start off higher after a shut in.
The log data is what is reported in the RNS when they are presenting.
If there are freezing conditions etc the a lot of water either coming out of the well or needed to keep salt issues at bay by dilution is going to be subject to temperature issues.
May as well assume there are unicorns and the rainbow rangers are real..
“During the production test, daily average rate-constrained rates from the production test were 716 boepd (3.6 mmscf per day ("mmscf/d") and liquids of 160 boepd), with rate-constrained high rates of 1,083 boepd (with peak liquid rates of 432 boepd and peak gas rates of 5 mmscf/d). In addition to hydrocarbon rates, water rates during the test averaged 1,000 barrels of water per day”
But again rate constrained actually means they lost production days as they had an original 30 day test and only 23 productive days.
“ The State 16-2LN-CC well test data covered 23 days of production history which, although highly valuable, is still a limited period of time to fully evaluate this new play potential and the team continues to evaluate project risks such as any potential formation water production and upsides such as higher condensate yields over time.”
And if we accept the well remained on a 12/64” choke the RNS states they are expecting 3 times the figures they produced. Which indicates a $0.5m/ month well revenue. But they will have to over come the salt clog issue and that also increases the well cost of operation and the disposal of recovered water which is high.
Now at least we are discussing real figures not models as you are. Denying any salt issue or any digging into the data , is not giving a wholistic picture. It encourages over hype and also causes reasons for a complimentary negative view.
A better understanding and robust discussion of what is presented and what is under presented gives a more sound basis for investment. Clearly a lot have a very rose tinted view of production outcomes, I’d rather get a realistic. Outcome by looking at what they are producing and then any upside from that is a beneficial outcome.
The facts remain, this isn’t a prolific well and prolific oil is what zephyr are after from the prolific paradox basin as we keep being told. And the geology supports but hasn’t been found except for one well much further south.
The company haven’t been forthright about the salt clogging and causing lost production days, by doing so they raise suspicion of what else are they not being forthright about , the 36-2/3 being a case in point.
16-2 could have been best explained by saying we lost production days due to a issues with the plastic flows of salt, we have ways to mitigate those by xyz, the testing has been delayed due to downtime from the poor weather. We expect updates later than expected.
Meanwhile we point investors to our confidence in the well, with our plans to connect the well to the gas pipeline infrastructure with plans approved etc
Company is acting like it has something to hide which raises suspicions it has something to hide. It should re think it’s presentation of data and be much more transparent, that’s its role. Then investors can be better informed and less affected by the vagaries of speculation well intend