Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
3 billion to 50 million, can't be right.
at least give us some oil back
at least make it 350 million barrels
where is halifax, how it can become zero from 1 billion barrels
even if 10% of 3 billions barrels come back then we are good to go back to 20p
should be saying Q2, wrong title but $69 million revenue is good, let's hope we pay bonds for once and all.
F*ck bonds as they are pain in the ass
anyone?
when is next lifting
to have some skin in the game and show confidence and boost Share price
we should get operations update with current production and cash in bank
Hurricane share holders should file a case against ex Chairman and other BoD
we need to see the future plan of new BoD
- Do nothing
- Drill water injection
- Drill new well
-Farm-out
- All of the above
thanks, if they need to keep say $30million as reserve amount for demobilization, so they have $138million.
CB = $220million
Cash=$138million
Funding missing = 220-138 = $82 million
Still 1 year left. We should be able to generate more than $82million provided Oil price and production stay in certain level.
Even if we become short by $30-$50million then we can issue some shares and raise some cash.
in account now in $
For example:
Company X get 70% in return they will pay $500million for development cost.
Now company X will pay $900million for their own 70% plus they will pay $500million towards JOG share.
Incase if development costs increase during time and project actual cost came more than $1.4 billion then JOG will have to find its own money for cost over run.
Hope its clear.
All speculative and imaginative.
yes that's what i mean that they pay $5 pb for the 60% or 70%.
Offcourse they will pay their own share of $1.4billion dollar.
JOG will only pay for remaining 30% / 40%, that they will pay from the money they get from $5pb. JOG partner will not pay upfront but they will agree to pay through development. So they will say for example: we will pay $500million for JOG share of development, any thing more than $500million will be paid by JOG.
good post, good to know you doing well health wise. Wish you very good health.
Take over will be excellent solution but i doubt it as directors will lose jobs!! Also buying company will have to pay immediately rather than paying through development costs.
I think farm-out at $5pb so if JOG farm-out 70% means they will have to pay 30% of $1.4 billion which is $420 million
Now 70% of 190 million is 133 million and if $5pb then $665 million.
You can do similar at 60% farm-out and retaining 40%.
I will be very happy if they retain 40% or more.
why not farm out Lancester, lets say 50% for drilling new well and water injection well.
how they will pay in October 2021, its only 6 months from now.
even $10million per month profit will give us $60million and if they have lets say $140million even then it will be $200million.
Let's see first how much they have. Also don't forget that they can't touch $20million to $30million as they need to keep some for decommissioning
let's vote out all BoD
CPR doesn't give full 2C reserves for example if they drill 4 new production wells on Lancaster then what will be 2C reserves.
May be I am not able to understand.
Yes 3 quarters in the year and one half in the year lol