Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Double the annual operational costs of the well if successful will be around 80 - 100 million dollars a year
The operator I believe will foot that bill not a bad deal if this does come off and the drill is successful
Double up likes to check in now and again
Double up it was producing oil at time of shut in another column as been identified to drill the field wasn’t dry like anything it can go either way
There will be no news
2 ways of looking at it dilution is not an issue if you believe that contracts will land and the dilution helps create growth or the company are struggling and desperate for cash if it’s the former keep your chips on the table if not you don’t hang around and take cash off the table no point dwelling and hanging around
Father brown fair point from my perspective I’ve took at a punt at these prices pure speculation like a gamble now and again
Father brown you do realise you can make good strategic business decisions that allow you to place to the company in a position where it can grow once demand for oil increases
With your comment most oil companies would have gone to the wall in 2008
FB oil and gas will be at the forefront come October when world growth needs powering again
Volvic great post it was well worth the time logging in to LSE typing your post then pressing the post message button
I would be hoping a new asset is in the pipeline considering the potential share issuing that is going to take place
Stz you need to make your mind up you provide 3 different scenarios in your post
1. I believe there won’t be a decent deal
2.if they had a deal they would have told us by now
3. I can smell a delay from a mile off
Just out of interest stz do you read what you are about to post