Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Quite shocking we haven't received the drilling results from last year".
Deliberate omission as I see it. There is (or was) great deal going on in all three camps. In all probability revised estimates on LOMs and increased resources could bury the 13.65p proposal forever.
Perhaps my only queries are: can assays and drilling instructions to Capital and Ostrich be stalled eliminating necessity to report progress ?
Past speculation on the bb has been thorough but there is always the unexpected to confound. JSE has been the most recent example.
Https://uk.finance.yahoo.com/news/petrotal-insider-increased-holding-43-150004260.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAACM-dnCV0p0hKBmlXah5UWHSSu9qjsaBcCNra5PpLMUTvgWiDiR_H2UaeyCCyRCqPM32OeMnAyCa_Xj1iT-TaIZX1JMaG2jYZPs6-SCifsb6FuFfGf1Qg3WYbVZSRPzqklMMkwS-MlkUvjXo3Nnaqk6klv_Rx_vD3QtRPKbPF7Lm
https://www.askaralshinbayev.com/
Several entries appear on Askar Alshinbayev. Notably 20.7% of insider holdings are privately held. Meridian owns
@ 09:03 - Sentiments echoed. Limited knowledge here although I do know a bit about GreatDyke. THS's products are globally essential but recovery is some time off. Vasbyt.
An excellent 1h42min which answered many unknowns: the first notable point is that early wells still produce ~400 bpd owing to the immense reservoir pressures. They don't seem to have any problem returning a 99% water cut to basement.
From admittedly limited knowledge of the Marañon basin foreland it is quite likely/possible that the combined 'Envidia', 'Zapote' and 'Zapote Sur' leads contain greater reservoir values than the Bretaña Norte camp alone. That still leaves ~80 km of the block to be explored.
Dependent on OWC numbers, a recovery factor of 24% (and with pipeline construction), the Ucayali quayside will become a busy place . . . seems worth a 2-year wait.
+ https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos
+ I interpret SP cooling is partly a result of 2024 capex programme
+ oil migration ESE/SE is feasible
+ Adding ~£7k here and AXL this month
@ 16:09 GGG, Amerisur was my most recent (similar) misstep and I still bristle at the memory. Giles Clarke and his City misfits got away with it.
https://www.lse.co.uk/ShareChat.html?ShareTicker=AMER
Payment/proceeds were fairly prompt.
Have taken up a smallish wedge which may justify throwing in the odd comment. Past reluctance was a result of being fleeced by those Platanillo (Putumayo) AMER chancers/amateurs trying their hand in the oil business.
Restoring confidence takes time, and the process isn't helped by Abbott awarding himself with confetti-style options. These days the fellas raid the till well before the proceeds arrive.
Cringeworthy stuff, Eric, and you know it. Future credibility is probably irreparably damaged. Your mega-statements on WK's future alone couldn't have been more of a deception and misleading than the one we have witnessed.
W.r.t. the generous (sic) offer what about the scores of investors who invested up to 20p ?
Regrettably, still fence-sitting . . . but likely to get moving when I can determine the horizontal drill(s) capital overhead. They seem to be running @ ~$15m per drill in S America, which is roughly the current sum in the kitty. Has Abbott indicated any estimates on this feature, assuming he proceeds with $45m capex for the year?
Also, I understood MountTeide has not been well. Is he still writing on the bb ?
On the strength of the latest presentation/development programme I have reshuffled the pack and added during the last two dips. Would be interested to hear if any long-termers have taken the same route.
Construction of a permanent quayside suggests a pipeline will follow for the SE leads (whenever that day comes). As the term "migration" has crept in for the 114 m extension results from the imminent 3D will have a great bearing on SP during 2024.
My own limited knowledge of the Vivian points to Bretaña with its huge psi becoming an ever-larger reservoir.
El Niño/La Niña duration is an unknown: river levels need to be watched as the feature can persist for up to 7 years.
. . . mildly concerned that Patel will put out feelers for a gift-wrapped Ramula to interested parties, sell it, and continue with his conjuring party trick of 13.1p for the remaining assets.
Bushi, Isulu, etc because of population density is a tough nut to crack.
Only one comment from moi:
I'll wait to see if Patel changes his tune on receipt of next WK assays. A 3m oz resource will force his hand. Doubtful if he has the slightest idea on how to develop or manage it. And we were on the road to a PFS in Q4 2023.
File:///C:/Users/rorya/Downloads/PetroTal-IR-Presenensation-v21-Final%20(1).pdf
Useful content to digest.
Hadn't realised we could get to Bayovar via Yurimaguas. Perhaps more reliable than Saramuro and limpalong ONP notwithstanding 2k/day limits.
https://www.dhn.mil.pe/sehinav/histogramas_shna/archivos/Yurimaguas.pdf
Https://mybroadband.co.za/news/energy/521615-south-africas-biggest-solar-battery-now-online-with-more-power-than-an-old-eskom-coal-power-station.html
AP, and by extension Benoit Garrivier, fantasy and platitudes on all fronts might look great PR but you are being left behind. Too many of us have been gulled into some great prospects and cash calls without tangible results.
If a backwater like Kenhardt can see benefits why are we not seeing advances in SA and elsewhere in Africa ? There seems scant movement anywhere.