Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thebhoys
Hi trust all is well. I was assuming with the present shortage of Rigs and workforce, that we would only be allocated a singular Rig which leads me to the concern. We can agree start to finish with mobilisation and Drill approx 6 weeks each well, so 3 wells X 6 =18 weeks. 1st of Sept to 22nd of Dec =16 weeks . Maybe we have 3 different Rigs all going to commence on the 1st of November, but feel that’s not going to happen and hope we don’t get told it is.
Obviously in the 2021 accounts it would have to declare any monies owed to PRD. Maybe the late accounts are just part of the denial. This lot for years have lived the dream, scammed their shareholders and skimmed their suppliers . Debt free my ass just not paid what they owe, the bigger companies couldn’t be bothered in pursuing their money, hope PRD clean them out.
Islandgirl
Generally very positive for this share, be it frustrated at times with the stretched out news and SP reactions over the last 12 months. I like yourself have put trust, money and my future plans into this( hopefully not too much money) The months of 2022 are slipping away and promises made for this year need to commence. The next few weeks is crucial that CH hits his targets that’s all. Wish you the best of luck
We would have to be getting news on rig mobilisation in the next couple of weeks . Would of thought to get 3 wells done between now and Xmas, beginning of Sept would be latest, be it that the same rig is to be used
2 weeks to mobilise 4 weeks for drill = 18 weeks
Did Lots of shares before Dev, and there will be plenty after. I for one will be pulling out of this first chance whatever the SP. The contempt for shareholders from this lot unreal
If any major wanted what CEG had, would just close them down, CEG only survive on feeding a dream that will never true. You’re wrong on doom mongers being non shareholder most are holders that have seen their thousands of investment diluted to pence, and are only here giving comment on their experience, deramping is sometimes the best post to read . The sooner this dog gets put down the better, Eytan could maybe write a book on life after the free ride on shareholders money
What’s going on
Why we havin a go at good old bhoy’s . His frequency of emails he’s no ramper not like some that have just joined that to me seem a tad over opinionated. We’ve been together on a few boards and yes he fully backs we’re he is invested but he is a genuine fella for sure. I was ready to pull out a few months back it was him that persuaded me to stay. We maybe seeing a turning point here let’s enjoy. Bhoys hope the time in the sun is treating you well, and this turns out as well as you have always said it will , take care mate
CHAIN as you joined not that long ago you said your old fella would be along soon, is his name bubble
Come on
The whole Bahamas was a scam. 150 mill of shareholders money blown over 10 years. We never even got a drill Report , just a RNS saying they had drilled short, lost some object down the hole end of. The BG will never produce oil they just want the Carbon credits they have made that clear,they just wanted a bunch of amateurs to prove there was some oil there and foot the bill hence the looming court case just faded away . We don’t even own licences there anymore. The wife refused to give up her 1 mill shares that she paid £25,000 for, Dec 21, one thing for sure, we wont be around to see if anyone benefits from those
Just saying
RNS 9th August 2021 (nearly 12 months) Successful completion of drill at 16-2. Un- believable. Can’t blame people moving on, also hard to see the build up of excitement on next drills unless their intentions on production are highlighted right from the start. Someone on here posted about a month ago turn around guides of permits in this area, I remember having a chuckle at the time (wait for it within 60 days ). 14th of May = 67 days ago
Chain
If you had read and understood what I said before jumping in with your over protective view of things. I was suggesting it would be good to have some results and production from 16-2 as we go in to further drilling, as SP would look far healthier at Xmas if we were to have say 4 wells drilled and 2 producing, other than 4 wells drilled nothing produced . Quite happy to take the fluffy clouds approach if it keeps this board happy. When you quote thing like we can see where this is going in the next 6 months, shall we look back at the last 6 first
Islandgirl
I’m Sure most maybe investors or II’s would like to see actual dates and figures for 16-2, else the spud of oncoming wells won’t draw the normal interest . Us drilling holes and capping them will do jack s to the SP unless we test and sell off to someone without environmental issues. Maybe zephr should look into wind farms. We can’t sit back and depend on 3rd party pipeline some time in 2023 as a carrot to bring volume here.
We knew that there was excessive gas in 16-2 on initial tests back in 2020. The only problem we have at the moment is that stewards of the environment ( and SP response ) is outweighing stewards of shareholders value hence we have a successful well sat dormant for 8 months as we won’t flare. Maybe in insight we drilled too early without a plan in place (a young company does make a few mistakes) The people that have bought into Zephr must expect each well to be different and production maybe delayed until each well analysed and produced in the best environmentally way. I was a bit naffed off a few weeks back but now except it’s what I signed up for. This is why we may have a slow response from the II’s as just not the norm in O&G
Crikey
We seem to have drifted away from the real issues here, spent the last two weeks in depth about a generator, so getting back to what matters,what colour do you recon this generator is going to be a blue one or a orange one.
Again islandgirl, shall we play music to dim the noise, really surprised it wasn’t something like he’s a jolly good fella , or some pied piper music.
How about shut me down with something positive about my investment in the rest of 2022
Bully for Nick sure he will be well paid . This is the problem even the rampers have nothing near term and talking 12 months away. Who’s going to invest to just watch their money dwindle. CH the well proclaimed steward of shareholders investment needs to wake up to the situation and gain some interest and momentum, the smile and repeated sh”t talk has worn thin. Shareholders (PI’s) have invested millions on trust here in the last 12 months and are being treated with contempt. What is the plan, or is setting up a generator and earning 20 grand a month in crypto till a pipeline gets set up all we have. Who knows maybe The well thought of CH might enlighten us in the near future
Thebhoys
As we are nearing the 52 week low,I would not say it’s temporary but trending . I’m very disappointed with our position and any efforts being made to rectify it , 2023 is a long time away . I’m trapped once again so shall say no more. I trust you are well and enjoying the good life abroad ATB