Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
quarterly is not going to work here as its risky share with only one well producing, it will be better to give update on monthly basis
they need complete new well, how much complete new well will cost??
good or bad, time will tell
because CBs are not due until July 2022 and company has enough to drill side track, so why they will dilute now
12,000 is solely coming from 6, can we generate something from well 7z ??
water-cut and production, if company can confirm that water cut is stable and production for 2021 will be above 10,000 or above 12,000 then its bullish share, because then we can generate enough money to pay for side track, we will interest from other companies if we go for farm-out, it will increase the reserves and it will reduce the risks for Lincoln, Halifax
on current price of oil, its better to bring the rig and increase production ASAP
may be bring rig in April and finish drilling and connection by September 2021 so in Q4 you have extra barrels
Thoughts?
its good they not announced the plans as POO has risen since December so now they can make better negotiations with CBs
Lets assume:
Production 20,000
Break even $35 per barrel (although on 20k it should drop significantly)
POO $70
Profit $35 per barrel
20,000 * 365 * $35 = $255million profit in 2022
Lets see first how 2021 unfold for this share, if we can survive without major dilution then it looks good
can we get green light to go ahead and connect this well with FPSO, ??
We will ok IF
IF price of oil remain above $60 until June 2022
IF production remain above 10,000
IF new CPR is good
IF CBs agree for new drill
https://www.bbc.com/news/uk-scotland-north-east-orkney-shetland-39406131
see comments about Scottish independence based on Hurricane oil find back in those days
if HUR started side track in November 2020 and by now we had 20,000 production, then wow
yes dreaming, when you dream, dream big, 20p dream can come true in 2022
well HUR can do the same, get a rig and drill side track and increase the production by end of 2021 to 20,000
20,000 x 6 months x $35 profit = $126 million
they will have enough to pay CBs in June/July 2022
No dilution
15p to 20p will be nice
just need another $95 million to pay off CBs
can HUR buy CB from open market ? At least 50% of CB, they should be able to buy with cash in the bank and then they can vote to extend the CB time
Thanks. Hope they get to utilize good POO for this lifting
anyone know when is next lifting and when was last lifting