Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yeh I think Paul should have coughed up the dough for a mid year reserve report so that we could have seen the value of Cascadura mid year instead of having to wait for year-end. The year end report would have been relatively inexpensive to update Cascadura, all they would of had to do is re-run with the new price deck. Anyway March 14 should be a huge upgrade.
Initial reserve report for this year will classify it as PNP as it was not on production as of year end and it was not tied in to production facilities. Next year if it is on production on a consistent basis it will be reclassified as PDP.
Yes because it was drilled and tested prior to year-end it will be included. But the definition of reserves is if they are economic to produce after op cost, capital and royalties are included.
I guess there is the chance that Royston reserves are uneconomic at their test production rates. Hopefully thats not the case.
Royston will absolutely be in the year-end reserve report. It was discovered in 2021 and will be classified as Proven Non-Producing reserves. The NI 51-101 clearly states that the well can be included in reserves due to the discovery before year-end.
Reserves will be assigned based on volumetric assessment and any production data they have before the report is issued.
Canaccord just reiterated its TXP rating yesterday 1/11/2022
Canaccord Genuity Group Charlie Sharp
Reiterated Rating Speculative Buy GBX 200 +113.68%
Getting Coho online absolutely could alter reserves. Right now is just a volumetric estimate using pay, porosity, etc. a very iffy estimate at best.
Once the well is producing P/Z plots can be used to determine pressure drawdown along with decline curve analysis. Of course the reserves could also be downgraded with additional production data. But nevertheless a lot of new well info will be gathered.
Don't think there will be any news tomorrow. Queen Victoria day in Canada markets closed for the day.
Is it not Queen Victoria Day in the UK???
Date Brokerage Action Rating Price Target
3/31/2021 Canaccord Genuity Reiterated Rating Top Pick GBX 185
Found on MarketBeat
Chinook not Chinock
And if there is gas it's sometimes in the form of a gas cap overlaying the oil zone. It then acts as a pressure drive for the oil production as an enhanced production practice. In Canada the regulators will not allow you to produce the gas until the oil pool is drained as they want the gas pressure to remain maximized. After the oil pool has been drained then the gas pool is allowed to be produced. Not sure if thats the case at Chinook but it could be. We will soon find out.
So where do you think we are at the moment with the Hydra fun with numbers
400 BCF Casc., 200-300 BCF each at Chinook and Casc.Deep.???? 1 TCF total without Royston $1B US total market Cap sound reasonable??? Testing will answer a lot of the question marks
Hi Guys Please its driving me Crazzzy It's Chinook not Chinnock.
Chinooks are warm winds from the west that flow into Alberta in the middle of the winter and raise the winter temperatures tremendously and
Its also a type of Salmon hence the fish annotation. And its also a big money making well in Trinidad
Thanks for the rant
Downloaded your excel spreadsheet and appreciate the work you put in but I see you have the gas production remaining flat for the entire life of the project. There is no way the wells will remain producing at their original production rate. They may remain flat for 3 or 4 years but after that the pressure drop in the reservoir will start to show on the production volumes over time and the rates will start to decline approx. 10 to 20% per annum. I think your model needs to reflect that.