The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Interested on thoughts ref ROP with this drilling ship
and when we could hit the first targets ?
I am thinking 100 mts day so first week jan could be entering first target
Any other views are appreciated?
Wow Mr MM now a bull weird but i like it
Clearly the statement today has not lit any fireworks but as a LTH i am still positive.
Why??
1.No investment in the industry (production will drop medium term)
2.Renewables are a derivative of fossil fuel (oil needed big time)
3.Low carbon footprint (important for majors as want to be seen as climate friendly.Means also tar and shale oil dead).
4.Giant field (ca 500 mil barrels)
5.1 BBO of oil potential in the vicinity .
6.Involving service providers (new) and oil Cos (so they know at least what they have got and can pounce anytime )
7.NPV excellent compared to other projects WW
8.Couple of years cash left
9.Population increasing ca 50mil a year and they all want a good life ((oil needed).
Its clear that there are no guarantees but i still think BOR will have its day in the next couple of years and any holders will be well rewarded
All IMHO
Hi MrMM
Yes i did read it and everyone has his agenda and it up to each individual to make his choice based on the info avaliable
Its clear short term the Oil Cos are all sitting on the fence,want be politically correct , to show what good humans they are and of course the pandemic is still an issue
I believe this is dangerous as if the upstream investment remains at todays levels, in 4-6 years ,a large part of the world will be shot uncontrolled back into the middle ages and i dont even want to think about the consenquences
Big oil balance sheets are tatters and exploration for big fields is expensive and COS low
Exxon for example increased debt by 12 billion $ over the last year to pay 14 billion in dividends as virtually 0 FCF .How long can this go on ?
Why spend big bucks exploring when there is a large field avaliable at minimal cost that has top quality oil and a low production carbon footprint with a potential of billions of barrels ?
Sooner or later somebody will wake up !
All IMHO
Each to his own but every coin has 2 sides !
https://oilprice.com/Energy/Oil-Prices/Oil-Markets-Could-Soon-Face-A-Devastating-Supply-Crunch.html
Now where in the world can i find 500 million barrels of low sulpher, top quality oil and gas with a low carbon footprint including a potential of >1 BBO of the same near by ?
And all with a pay back of 2-3 years !
Answers on a postcard pls
Hi wraith
Thanks for that info as interesting read.
Think the potentially low carbon footprint of Dawin production and the rest of the basin vs other potential field developments WW (especially tar sands and shale ) has got to be a major postive for a farmout.
Big oil companies want to show they are climate friendly when investing in new oil production projects so hope our BOD are also considering this aspect in promoting a deal !!
It could be a huge positive !!
Found an interesting document but unfortuantely its old but it gives an idea of the different types of oil production carbon footprints
https://theicct.org/sites/default/files/ICCT_crudeoil_Eur_Dec2010_sum.pdf
Evening All
The majors will be under continuous pressure to develop new oil fields with a low carbon footprint.
This has to be positive for Darwin and the whole basin as gas condensate with high productivity and API and millions and potentially billions of barrels of oil !
Anybody got any thoughts or more info on low carbon oil production ?
TbH i am expecting a lot more on a half decent farmin Luckyman2 .MIn 30 p that would give a mrkt cap of 150 mil. At 10 p we would only have 50mil mrkt cap and that would be too low for the assets ! Heres hoping !!
During the past six months we have refined our channel / fan prospects and leads, enhancing our palaeogeographical reconstructions of the Lower Cretaceous. Moving forward we aim to concentrate on detailed structural and stratigraphic analysis of the Darwin reservoir. One of the key objectives of this work will be to evaluate potential additional hydrocarbon pools (some of which have seismic amplitude support) that have been identified adjacent to the Darwin East and West fault blocks.
Lumsden and co burnt through 3 mil $ in the first 6 months of 2019
How long will the 0,75 mil $ last ? Middle November ? then what ?
Lumsden is going for a rinse and repeat with consolodation then we have 6 months as a cash shell with no cash lol
Be careful putting the kitchen sink into this as i suspect mid 2020 MTFB is no more
Hi Latino just out of interest
Why do you think the results from any further phase III trials will be any different to the first 2 phase III trials ?
Its not dead yet LB
The CEO is trying to give it the kiss of life so he can carry milking money from any money rasied !
Cash Shell yeh pull the other one
Yeh i read it LB
Rinse and repeat comes to mind
Only a mad man would invest in MTFB with Lumsden in charge
How can he still be at the helm after knowingly steering all LTH's onto the rocks where they have sank and lost large amounts of money !!
Scored unfortunately your right with regards shareholder communication as the BOD are a disaster
Wether this is by desire or by chance i dont know but i do believe in the asset so managed to pick up another 300k today lowering my Ave
GL