Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Here is you Post KYC: Some interesting points that would be good to hear views in here:
For reference..
We were told, 'Elgood currently remains shut in, with remaining recoverable volumes to be produced cyclically once pipeline dewatering has reduced back pressure.'
It certainly would be good to hear more on Elgood and any remaining potential, including cost implications, preservation of reserves as a factor of onshore compression or not, as well as life of field based on a cyclic-production scheme; in light of historical field and flow data. Initially flowed at an impressive 57.8mmscf/d gas and 959 bbl/d condensate (80/64th inch). This test was not representative of actual flow potential as deliverability was surface-equipment constrained so probably could have tested higher. Through 2022, flow rates declined rapidly over 6 months and flows reduced to
It doesnt deserve to be down at this level but it is what it is. Spare a thought for people in the 30s never mind 8!
I understand it is not the problem. I just couldnt find the data and my mind went numb as too much going on just now offshore!
Thanks Jdosso and 1meteor
Forgive me but im trying to find out what the previous interest rate was?
I wouldnt pay much attention to Project.
Buys currently at 4.385
The current SP is absolute madness. we can argue all night and day about the risk and reward but I do not understand this current SP at all.
Keeping all of my shares and I will be back in a couple of weeks to look in again or at the next RNS
Thinker - they have said in the RNS potential cause is partially activated valve so they have elaborated a bit more than mechanical. I konw that is not a definite but its pointing towards it
Happy with that. Also liked this part:
"Pressure build-up data since the test indicates reservoir permeability is in line with pre-drill expectations - further supporting the view that the issue is mechanical rather than reservoir driven
ยท Analysis of combined pressure and temperature data infers that a potential cause for the restriction may be a partially activated downhole valve"
If its the valve then its good news. Fingers crossed. Surely a decent rise today on that?
I wont lie. Extremely disappointed with the rise so far today. 10% is nothing compared to the drop
I did laught at good to see them working through the weekend!!! its the oil and gas industry!! 24/7, 365 !
Deltalo, I think sorting the bond issue (I believe it will be) is more important than increasing the flow.
Don't get me wrong I want to see higher as well but its still flowing.
I don't believe we deserve to be where we are just now but the rns scared a few and i can understand why.
Get the bond sorted and if we get more flow all the better
AImMaster - Give us all peace . same p*** trotted out constantly. Get off your knees and stop praying. It goes where it goes
I guess the same goes with people like you speaking nonsense to lower it to suit you>
The flow is lower than expected but also appears a mechanical blockage so could increase further down the line. The well will produce and coin will come in.
We all knew gas prices had dropped but thats the name of this game and future predictions could see a big increase?
Disappointing today so far we are still around 7p.
Hopefully a pick up before close in anticipation of news next week
Trying to buy at the moment and going to negotiated order
In North Sea there is always a standby vessel in the area
Spot on boulevard. Things are looking up here but it's oil and gas as you say. You never really know.
GLA I have a good feeling for once but that's just me
I know some taking profit and its Friday but will we see a late charge as people get in before news possibly Monday?
Not getting as carried away as some in here. I didn't believe we should be down as low as this in the first place but you can't lie about the issues over the last year or so.
Start to get above 20p and beyond again and a few longer term holders will start smiling.
I've tried to buy what I can lately