Member Info for SmartPunter

Given the very high processing rate of the pilot plant, a few weeks.

Https://www.miningweekly.com/article/south-africas-rare-earths-project-in-limpopo-seen-as-one-of-worlds-most-resilient-2024-11-15

Pilot plant running again in SA in Jan/Feb

December

So:

1. Its a discovery

2. Very likely to be commercial .

Chat the farty cat:

The likelihood of success in achieving commercial flow rates from the Charles Formation depends on several factors:

Indicators of Potential Success

Strong Pressure Indications:

Pressure data indicates that the reservoir has good potential to deliver gas once permeability issues are addressed. Strong downhole pressure typically suggests a reservoir is charged with gas.

Mud Losses During Drilling:

Significant mud losses imply the presence of high porosity zones, which are generally favorable for reservoir productivity. However, these losses could also cause formation damage, temporarily blocking permeability.

Industry Experience:

Addressing formation damage is a well-understood and routine challenge in the industry. Techniques like acidizing, hydraulic fracturing, or other stimulation methods can restore permeability and unlock flow potential.

Similar Formations in the Area:

If nearby formations with similar characteristics have been successfully stimulated, the Charles Formation could follow the same pattern.

The only numpties here are those who invested in a country controlled by the Russian mafia.

Yes, ReeTech talks bolox

They will get affordable oil, there is a decade long oil price coming.

Will destroy the oil producers though.

It's is not a government, its a military junta, installed by the Russian mercenary group Wagner.

They do not have abide by Western rules based system, they are part of the Russian/Chinese system.

>>Thank god that here in good old blighty there is no corporate law.

Difference is, in Mali, the "government" is part of the Russian mafia.

Trump will have as much success 'stopping' the war in Ukraine as he did in Korea.

Https://en.wikipedia.org/wiki/Peace_for_our_time

Not making that mistake again.

Here's more info. Also remember wind and solar are the cheapest sources of energy. Economics will block more drilling for oil.

Looming Oil Glut to Reshape Global Energy Landscape

By Haley Zaremba - Nov 04, 2024, 4:00 PM CST

The World Bank predicts a significant oil oversupply in the coming years, leading to a potential drop in oil prices below $60 per barrel.

While consumers in developed countries may benefit from lower energy and food costs, developing nations will continue to face high food prices and food insecurity.

The oil industry, particularly major oil producers, will likely experience a period of uncertainty and declining revenues as they navigate the changing market dynamics.

https://oilprice.com/Energy/Crude-Oil/Looming-Oil-Glut-to-Reshape-Global-Energy-Landscape.html

The FTSE 100 was on the back foot again on Friday as the pressures of a revised interest rate outlook, Donald Trump’s second term as president and disappointment at measures to stimulate China weighed on the index.

Miners were among the top losers and accounted for a large proportion of the points wiped off the FTSE 100 on Friday as the latest news from China failed to inspire confidence in a recovery in economic growth.

“The FTSE 100 was dragged lower by resources stocks on Friday morning,” says AJ Bell investment director Russ Mould.

“After a hectic week investors had more to digest in the form of further Chinese stimulus but what has been announced so far doesn’t seem to be moving the needle and the risks to China from a second Trump presidency are now overshadowing efforts to get the economy moving. The question on investors’ lips will be whether this encourages Beijing to unveil a bolder package of measures.

Miners been hit, BRWM, Rio

That must have been a buy,

Date Time Trade Prc Volume Buy/Sell Bid Ask Value

07-Nov-24 15:36:44 12.75 1,600,000 Unknown* 12.50 13.00 204.00k O

Apparently not

The United States has been a net petroleum exporter for the last three years, exporting more petroleum than it imports. In 2023, the US was a net petroleum exporter of 1.64 million barrels per day (b/d):

Imports

The US imported about 6.48 million b/d of crude oil, mainly from Canada, Mexico, Saudi Arabia, Iraq, and Brazil.

Exports

The US exported about 10.15 million b/d of petroleum to countries including Mexico, China, the Netherlands, Canada, and Japan.

Drill baby won't happen.

According to oil industry there is a glut in supply and oil project are getting cancelled.

Yes you did say, and I believed you and still invested.

Yes, debt funding promised on DFS according to the mou with DFC.