Member Info for Thechukkers

reading your posts on advfn, just to correct you, i am sure both pods would need to get flow rates above 100 to be considered commercial!?

lots of 100k buys recently
think tgs recent interview cleared a few things up looking very bullish now

yes i agree it is confusing at times comet ridge have people who worked in sunshine and i hear tony knows some of them quite well
think their approach is quite different to ours if they plan to sell such large numbers they need a significant investment to drill all those pods, but their resource is 5 times bigger than ours based on what i am reading and they are valued 10 x more than us, bear in mind they have been active a few more years than us
and we own 100% of mamba and boomslang... if they are as good as lesedi !?

80 million scfd though...thats a lot more than i am used to dealing here
if our flow rates will be 100k scfd it will take us only around 800 pods :P
i posted a link here previously think we should expect to have around 600+ pods active once we are in full production mode ???
bear in mind one of their production pods gave flow rates of around 1.4 tj/d and the other one 400mscfd
so that varies A LOT

better 1 tj equals approx 1 million standard cubic feet per day as its about gas flow rates they are not selling electricity like us...i guess it would be better to say they are more advanced than us but they have acquired the mahalo jv interest in 2004so here is a good example of how long it will take to get into production i cant see them actually selling any gas yet...

i see what you mean now brad, i started looking more into them today they seem much bigger than us based on the latest presentation their initial production rates at mahalo are 80 TJ/ d
1 terajoules = 277 megawatt hours :P if i am correct

thanks
the similarities between the approaches by two different companies is encouraging imo
so 400 000 scfd by end of year it is

interesting info on comet ridge well performance
This work was undertaken in mid-December 2014 and the pump was put on line with water production commencing on 28 December 2014. The Mahalo 7 surface to in-seam horizontal well was designed to maximise the use of current reservoir data and has been positioned inside the current pilot wells. The well contacted approximately 360 metres of coal in the horizontal hole section.

The Mahalo 6 vertical production well was utilised to lift water from the Mahalo 7 horizontal well. Pump speed was initially kept low and constant such that a very gradual pressure drawdown was applied to the Mahalo 7 horizontal well section. After several months, three small pump speed increases were applied to the Mahalo 6 well with a significant increase in gas rate achieved. At the same time, the remaining vertical wells (Mahalo 3, 4 and 5) were shut in with downhole pressures monitored closely. Significant pressure responses were measured in all three wells as the pressure in the Mahalo 6 / 7 combination decreased, suggesting a well-connected network of fractures linking the horizontal well with the other Mahalo wells.

In March 2016, the Mahalo 6/7 Vertical-Horizontal well combination reached a gas flow rate of 426,000 scf/d (standard cubic feet per day).
1 year and 3 months to get to 426 mcfd ...been around 4.5 months for us from memory
further rns's will be very revealing imo, and would like to hear more about the process itself to be honest...

Imo point is to prove the concept by starting small minimal capital is required..thus shareholders suffer less...If everything is going well imo I wouldn't be surprised to see us valued closer to 100 mil by end of next year with the assets we have...mamba and boomslang were not in previous broker note where we were valued at over 20p

Same old same old getting connected to the grid is the key here might as well be 1 mw plenty of demand

yes to be fair i have always though they would want to know too, but from reading i can see an rns where it is explicitly said flow rates and ppa are a separate issue, perhaps what is meant is after flow rates there is no need to think a ppa will immediately follow....i dont think the government has to worry here though as i am sure they will have something in there should the flow rates not be enough...

not sure where he claimed we need flow rates for ppa ?
also it was clear from the interview that the people they are dealing with will be the same guys even after the elections, if anything this interview cleared that politics wont affect us

we are drilling for mamba. also consider if these 2 wells are enough they will need to have a ****load more wells to expand from 10mw my guess is they will by then have better financing available
but i agree great interview by tony, i myself am very pleased to hear from tony himself when commercial flows are expected and what the engineers are thinking of this all, instead of listening to a bunch of nobodies on hotcopper and advfn claim what they heard from *experts"

yes interesting time to buy *wink* *wink*, could be anyone from his close family as far as i am aware (except kids of course)

i assumed a related party means family member..

it does seem to me something is cooking.
it wasnt colm who was buyinh though right ?
looking at the buys today seems to me the market has finally turned

It was up 29% just last week in a day think we all expected it to drop back

well i can tell you one thing, after having read about all the various frauds that have taken place on aim and other markets i would not be surprised if there was a company out there selling electricity to itself AT A PROFIT :P
if you want to know how much electricity we are gonna sell no easy i dont think even tg can answer that question as no one can really see in the future
what we do know is that there is demand and we got enough on the ground to generate revenues in excess 100mil per year should the resources be exploited efficiently imo
i put my faith in tony as someone here said he can fart rainbows.....if you give him enough money that is
that sounds like a go getter to me :)

Somethings are not needed to be said one should be able to put two and two together. But a silly thing to argue over

how long do you think it should take?? If all goes well we will be expanding from 10mw by end of 2020 you think by end of next year it will be too late for all of us ??