Member Info for topsharepicks

gushing TRP could play catchup fast and big

could see a bid for entire share cap £10-£15million IMO

100% upside

some big buys is someone desperately trying to accumulate?

CAMBAY OVERVIEW
Located in the prolific Cambay Basin, the Cambay Asset is the most significant component of the Company’s portfolio, covering 161 km² (~40,000 acres) in Gujarat State, the industrial heartland of India.

The geology in the Cambay Asset is proven to contain hydrocarbons and has a prospective section of 2,800m. 36 wells have penetrated the Eocene Formation, a tight silt stone section with 16 vertical wells testing oil and gas to surface. The contract area is covered by a high quality 3D seismic survey acquired by Oilex in 2007. Oilex is committed to implementing proven North American technology to achieve commercial production from the Eocene Formation.

CAMBAY IN DEPTH
The national oil company, ONGC drilled the first well in 1958 and there have been a significant number of subsequent wells targeting conventional reservoirs in the Cambay Basin.

A discovery of oil in Ankleshwar structure in 1960 provided a further boost to the exploration in the Cambay Basin and out of 244 prospects drilled, 97 are oil and gas bearing.

Oilex became one of the first foreign companies into the basin when it farmed into a PSC with Niko and GSPC in 2005 as an operator with a 45% interest.

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Between 2006 and 2011, the Company conducted an extensive work programme in the contract area, including 3D seismic, five wells and a study to evaluate the application of shale gas technology to the Eocene reservoirs. Netherland Sewell & Associates, Inc. (NSAI), conducted an independent assessment in 2011 which identified significant Contingent Resources and Prospective Resources.

Cambay-73 was originally drilled in 2008 with a single stage fracture stimulation and was subsequently shut in. During an extended production test in 2012 it had a peak production rate of 1MMscfd and 23.5 bbls of condensate.

surely its a no brainer???

but not here why? ASX up massively this could rise 100%?

watching Long Way UP on Apple +

Harley EV bikes look and sound awesome better than the old bikes IMO

EV is a no brainer

good sign where this is headed! £1 in three years

Just look at the global EV uptake curves

EV will do a Bitcoin gun the the next 5 years with 50 fold uptake imo

Rare earths are only going up end of story

can you post the link so i can have a chuckle

has the plonka realised the old days of adding a few extra written lines and pictures on a website means nothing in this age why has he not delivered anything in 8 years

then factor in the fact that nothing else of any value is happening with the other assets what is there to add shareholder value zilch hence why the share price has done sweet fa. Might as well have bought a fantasy currency bitcoin

Beowulf mining has literally turned into the joke of the decade or there abouts. Kurt Budge has literally delivered nothing. Its all good and well saying his playing the patient game but really cmon. As an investor Im sat here today with not a single shred of information when where or what is happening, its a joke.

correction!

35 million tons at 0.3% TEO = 105,000 tons NDPR

which today is $44,000 per ton = $4.6 billion! IS THAT RIGHT WOW

GREEN!!!! thats the kind of resource Apple would use for its cars! maybe Tesla and VW and Ford ect ect I think this could actually go all the way to £1 share price a MCAP of £450 million bear in mind NPDR could surge in the coming years!

These assays also highlight the environmentally advantageous characteristics of the Phalaborwa project, which we believe will position Rainbow as a leading example of a 'green' rare earth Company, producing the elements required for the clean energy revolution.

35 million tons at 0.3% TEO = 105,000 tons NDPR

which today is £17,000 per ton = $11 billion! IS THAT RIGHT WOW

George Bennett, CEO, said: "These assay results go a long way to confirming the substantial tonnage and value of the Phalaborwa Rare Earths Project in terms of both in-situ grade and the consistency of the high value NdPr content in the rare earths basket. The results also demonstrate extremely low levels of radioactive elements present in the stacks, substantially below the low radioactive levels which we have seen to date for other rare earth projects globally. This factor simplifies the optimised processing flow sheet from Sasol's initial pilot plant flow sheet, developed to extract the rare earth mineralisation from the gypsum. These assays also highlight the environmentally advantageous characteristics of the Phalaborwa project, which we believe will position Rainbow as a leading example of a 'green' rare earth Company, producing the elements required for the clean energy revolution.

These are very high grades for a low-cost project of this type, which is potentially homogenous in nature, with minimal geological uncertainty, no waste stripping requirements and where the gypsum, which is already in a 'cracked' chemical form, is ready to process. The results further underscore Phalaborwa's potential to drive Rainbow's strategy to become a globally-significant producer of rare earth metals."

pants this and market pricing accordingly

Suzy did you just say 3 years??

"there's going to be no hiding it for another three years"

presentation

is he a Magician or double glazing salesman ROFL

one word - HILARIOUS