Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We all know what would happen if SS just bought 50k ukog.
Would make sp strengthen. Lengthen life of ukog. Ensure his 750k salary or whatever outrageous number it is... For another year.
Just look at it as 650k for a year of doing tosh instead.
That is a desperate comment. I didn't say All tankers. We typically tick over 1 maybe 2 tankers a day. There was a period where we were doing 4 or 6. It's those extra daily tankers that were returned with the wheels down.
Spin doctor
:)
He spent MILLIONS buying up extra land and higher percentage in HH.
It's all flopped. Maybe there is an argument for thinking that he had a look at geology and thought it was a good investment?
Maybe he is playing long game and expects fracking to be allowed in the next 5 years. Then the Kim would open up...
All in all though, he had one vertical well and spent 10's of millions on what?!
i could be wrong but i genuinely feel the comments, reasons, tonality and even facial expressions give off a childish "ner nerr not listening to you" sort of vibe. I think this refusal is weak and Surrey will end up paying for it. Sure, it delays us but nothing ever easy for us LTH.
Morning all,
We are awaiting planning meeting today right? We suspect that'll go ahead.
What's after that in your opinion:
HH1 dual flow
HH1 rns regarding improved flow rates
HH2Z update (duster / clean up / flowing 200+ bopd) - didnt they say Summer prod?
IoW
Placing
Cheers!
Maybe you are right but if we were making 850bopd at $13 cost per barrel. Why would we sell, prior to a CPR, prior to co-mingling Kimmeridge... For an mcap of 110m when we were sitting at mcap of 150m this time last year.
It's all positive sentiment and maybe I'm wrong, since PI's getting shafted is UKOG all over, but I doubt it for some reason.
The "routine" fix of the toe end interpreted fracture seems complete. We were flowing approx 600 bopd with 400 bopd of water and kill fluid, at Xmas.
After (likely cementing) the last however many feet, I'd be happy with 2 tankers a day with minimal water cut. Min region of say 400bopd with 50/100 barrels of water.
I'm optimistic to have that target beaten.
The nitrogen is used to lift. We know it flows. I find it highly unlikely that a toe end cement job stops and entire horizontal from flowing. So suspect this is part of normal operations.
Next week we'll get an RNS saying along the lines of "fix successful. Flow has been reestablished with X inital rates and minimal water. Now we will begin EWT".
This is all in my opinion.
If that happens will the market go nuts? We have a proven 10m barrels recoverable oil pool out of 40 mboo, which I've heard said is about npv10 of 250m value. We have planning for 4 more of these horizontals and 1 injector. So that would mean, including HH1 2000+ bopd.
The fag packet maths is for every 100bopd = 15 million mcap. 20 x 15 = 300m mcap. Couple that with the NPV value... Seems about right?
Then we have the Kimmeridge which has flowed for a year now. BILLIONS of barrels there and lots of acreage for UKOG to recover from...maybe this is why they have been snapping it up...
Boys and girls, if this is a positive RNS...we have 25 years of production and a viable route to oil.
With the YA, Tellurian and II overhang, we may see the SP depressed a little yet. Good volume will clear that though. This looks, upon good RNS, possibly a 5 bagger or more?!
Roll on Monday and roll on tankers!
Viva ukog :)