OK, thanks Gordon..I'm going to have another listen to the pod cast and check the date maybe it was old material but thanks for the clarification..it's not easy to understand with some of the terminology banded around
I listened to one of the share talk pod casts and I definitely got the message that fraccing was going to take place on the older wells...I'll have another listen and see if I can find a link.
As I understand it there are wells in production with low flow rates that have been in production for years. the well has a column of condensate which restricts flow..they're installing a jet pump mid august to improve flow rates and the plan from there is to frac the wells in multiple places....they hope to get 4mmscfd from the fracced wells...this will be the catalyst to get a JV partner on board to help fund new well drilling...these will be very high pressure wells and allow them to plug into the high pressure gas supply system and from there a massive increase in gas production...that's how i understand it but DYOR
LSE did this the other day on one of my other stocks where an RNS had been released but it didn't show up on here. You can go on London Stock Exchange and look at it there though
My strategy with ALL (having had my fingers severely burnt with PREM) was/is to pound cost average so a little bit every month but every month without fail...PREM are 'nearly' ready for production but I'm 50% down as I got greedy but I fell on my sword due to massively optimistic start-up timing/projections and falling's out with the main investor + cash problems. Hopefully, the end game for both PREM and ALL is that all will come good and my main strategy (i.e. that Li demand will grow over time) is still good.
Bloody confusing trying to calculate gas price and volumes...you have therms, btu's, meters cubed, feet cubed, mwh the list goes on but I thought that gas was currently 1 eur per cubic meter
So is the next step to put the UV sorter 'pass' material through the squeezer machine we saw on vids a few weeks ago or would they want to lab test first or more tweaks?
Gazza, it certainly is...the big rectangular box with stark on the side has got premier african minerals on the right hand side.. zulu alright and its looking good
You're living in cloud cuckoo land...there's no impropriety here outside of incompetence of the BOD in borrowing too much..the shares we held no longer have voting rights are totally worthless and you can't bring a court case against someone or a group because you think they're thick.