Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
More Uber positive but misleading info
Stick to fact not fantasy
A medium crude is in the 25-35 API range, and a heavy crude is in the 15-25 API range. Anything below 15 API would be considered an extra-heavy crude.
Commerciality of these discoveries is in question, that’s from the
OPERATOR in a RNS, don’t ignore this In favour of opinions from a PI on a BB
with their own agenda
I would say comments on here are misleading, talking up the commerciality,
which, as always, the market will require proven by production , until then
these discoveries will have NO VALUE, as per the SP.
This is now become a very high risk share
This is the least the the directors can do considering the games that have
been played here, to say that the “heavy oil’ was not known is frankly insulting
every investors intelligence.
Oil flowed easily to the surface, how would you not know, we’re samples taken
blindfolded, clearly this information has been kept from the market .
Questionable commercial viability for Orinduik block
From Tullow
“We are examining our options at the moment and looking at commercial viability. This is a heavy crude and has high Sulphur and this will affect our ability to both develop and sell this oil,” he explained in an interview with this publication.
https://guyanatimesgy.com/tullow-finds-low-quality-unprofitable-oil-offshore-guyana/
Orinduik Block
Hess have stated that nearer onshore the heavier the oil, this block is
nearer onshore,
https://www.veracast.com/webcasts/baml/energy2019/id36104195314.cfm#/player/html5/speed/a8
From GIL, note the word “likely”
“We are sufficiently capitalized for our likely 2020 drilling programme”
https://www.lse.co.uk/rns/ECO/update-on-initial-analysis-of-jethro-and-joe-wells-8xz13syhcl95br3.html
Carapa
All eyes in the 15% COS wildcat drill.
The game has changed, If oil is found, its then a waiting game for API results.
This has gone pretty much textbook, the euphoria post jethro, classic aim spike on joe, 60% retrace from intraday highs, bounced twice from here, first 160s second 150s current bounce to 140? then back down to test 125.
Carapa is a wildcat drill @ 15% COS so 85% chance of failure which WILL effect the share price.
Rise and little spike on CPR, will be sold into then drift down pending 2020 drill campaign,
Tullow looking for operator, Eco looking at sale, buyer looking for cheap as possible, big money, dirty tricks.
Not factored curb balls, wider market decline or political games in Guyana.
The big money has been made here already. The FACT is 72% loose on aim, if you still have your shirt on your in the lucky 28% here