Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yep me too, got a bit carried away topping up !!
Please correct me if i am wrong but i belive we paid £2.8m for this asset prior to it being drilled, for starters how do our debts out weigh our asset ? Surly the asset would of gone up in value due to completion of the first well producing ? Any thoughts ??
Number of Securities in Issue The Company has 34,545,072 ordinary shares of 0.1 pence each, of which 11,127,036 ordinary shares (32.21 per cent.) are not in public hands. The Company holds no shares in treasury. There are no restrictions on the transfer of the shares.
how variable could this be??Unreal
If they updated the website more than once a quarter it may give current and future investors a tad more confidence in their decisions
i have 0.723 % of the total shares if that helps. count me in
Didnt wgas purchase the i1 from black cat in the first place ?
33 for any of you 'code' boys out there ??
Maybe thats why andy released that rns this morning prior to giving us news tomorrow of our recent purchase ?
Decent percentage if we have bought it they had a 10.35% Carried Working Interest in the recently drilled I-1 well, plus a 2% Override Interest in the entire Mustang Island 818-L Lease
Mason has been wiped clean from the wgas site too
CURRENT ASSETS VM 179, 70% Working Interest, Net Revenue Interest 51%. This is a 547 acre offshore block, located in the Louisiana portion of the Gulf of Mexico, in around 70-72 feet of water. The well’s site is adjacent to the Exxon producing lease VM 164. It has proven reserves of 0.582mm bbl oil and 1BCF gas (pv-10 $80M). The Company proposes to drill a 7,400 feet vertical well in Q4, post Hurricane season, with anticipated flow rate of 2,500 bbl / pd. The Company is in progress of closing the following assets: D-Bar, 100% Working Interest/Well, Net Revenue Interest/Well 80-85% This asset is located in the Abilene, Texas area. The Company has executed a Purchase and Sales Agreement (PSA) to acquire 9 shallow oil wells, plus to further drill 5 water injection wells. Along with this, various leases and associated infrastructure owned by D-Bar. Phase 1 will consist of the workover of the 9 shallow oil wells in various formations, with a potential combined production rate of 150-200 bbl/pd. Phase 2 will comprise the development of the entire 3,000 acre position, over 12 leases, with potential towards a 70-90 well workover program. This will include the development of Proven Undeveloped (PUD) locations. The Working Interest per well will be 100% with a Net Revenue Interest per well of between 80 and 85%. South Texas The Company is in the final stages of acquiring a producing property in South Texas. The initial plan is to work over 7 existing wells, with a projected cumulative flow rate of 150-175bbl/pd. After the 7 well workover, the Company will conduct a detailed review of a 5 square mile, 3D seismic data package, to minimally drill 17 PUD locations.
again mostly buys popping up as sells today
It was any morrisons purchase through the subscription
Sorry for the poor grammar, magners kicked in, you know what I mean
I don't think most people even know the result of that would probably the biggest upside of this share
it seems mad that with such ggod reports and news the SP is so low?