focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
it is possible HH will pay the bills going forward so Clogau exploration can continue......and they are talking about selling a Greenland asset. I suspect Bluejay would buy as they have just employed a new Greenland expert to run their Greenland assets
Anyone have thoughts of the timescales to actually start EWT? The RNS states that it will be over the next few weeks BUT using production tubing means (I assume) the well is nearly finished? Perhaps an acid wash to clean up? Will there be any more cementing needed? Install the down well pump (not sure how long this takes).......
Interested as to when oil and gas could start to flow.........
(And how will we tell as no rod pump to watch, and we already have a flare running)
The picture on Twitter this morning (probably taken yesterday) shows a crane either removing the old rig engine OR positioning the new rig engine. Another twitter comment says drill running again today SO with around 1000 feet to go I would assume a couple of days of drilling to go and then perhaps completion this week if we are lucky........anyone have more knowledgeable views?
Very good RNS >36% of tested material Large, Jumbo or Super Jumbo flake. So premium pricing........this will make this licence area much more valuable as GF has stated he has been having discussions with potential partners and buyers etc for the Greenand licence areas.....
Some good and some bad parts t the trading update today - worried by debt growth - though pipeline seems very strong so cash flow ought to improve later this year(?) or next year?
Land bank strong.
I did not find the commentary very positive though.
agreed excellent results - pretty much all positive. Good cash in hand position.....
I think we may well be profit positive in 12 months.........
The only issue I can spot is that the licence revenue currently equals the engineering/services revenue. Expected at this stage of the development but next year we need to see the licence revenue grow significantly.