Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thebold, have a read at this and then have another think about why PG used perforating first as part of the plan to then use SJ - https://www.moroccoworldnews.com/2024/01/360389/predator-oil-amp-gas-to-scale-operations-in-guercif-following-positive-report
Are our North Sea losses commercially valuable to others? Rather than walk away from the licence could we sell and the buyer uses the transferred losses to offset against profit? Not sure how things stack up on licence transfers in the NS.
The savings they would make by closing the UK operation would easily cover the impairment charge going forward. Indeed they could comfortably raise the dividend in my opinion. The North Sea is essentially closed for new business, probably for years to come so let’s bite the bullet Majid.
Stas, have you considered why the consensus across the Canadian gas sector is so bullish on pricing going forward? Could it be that an army of professional analysts have more insight than your good self? Could it be a masterstroke that i3e are going after low cost gas to sell into a rising market coupled with the ability to pivot to oil if required? I trust Majid and the board to make decisions in our best interests, I suggest you do the same.
The gas export markets from Canada will be transformed by the new LNG hubs coming onstream starting in the next few months with LNG Canada in British Columbia - there are also another 7 LNG export hubs coming onstream in the next few years. Forecast gas prices look low to me in today's rns.
https://natural-resources.canada.ca/energy/energy-sources-distribution/natural-gas/canadian-liquified-natural-gas-projects/5683
Total over reaction to this morning’s rns. Market cap now under £140m. Wash out the weak holders and thepatient will see the rewards.
Looks to me like they’re on the prowl for low hanging fruit. Export markets opening up in the coming 12/24 months should be extremely accretive if we can pick up assets now while AECO is in the gutter.
AIMHO
GLA
Jimmy, could it be that the exact location (which we haven't been informed of yet) of the proposed jurassic drill will have a far greater chance of success because of it's proximity to MOU-3/4 ?
I'm just wondering if there's an element of killing two birds with one stone here.
GLA
The quarterly divi represents a cash outflow of just over 2% of today's market cap so in theory the drop tomorrow should equate to roughly 2% as well. If it drops substantially more than that I'll be buying and wait for the market to catch up.
I think we’ll see a rerate over the next year or so, particularly with the completion of the LNG export terminal in 2025 - that's a game changer imo - opens up new markets in Asia and far less reliance on the USA. Short term, plenty of news to come and quarterly Canadian reporting should see the sp moving in the right direction.
Https://www.moroccoworldnews.com/2024/01/360389/predator-oil-amp-gas-to-scale-operations-in-guercif-following-positive-report
I know this link has been posted before but PG’s comment caught my attention:
“The initial phase is important to us for designing and implementing the Sandjet rigless testing programme which will follow on after the Sandjet operational planning work is completed.”
Page 10 of the latest presentation is worth a look - says the pre test estimate of formation damage was 8 inches and formation penetration was predicted to average 11.32 inches. There's also some very small print on the right hand side saying the rock type is sandstone which supports Keith's info that the geology is friable.
Having said that, I'm not sure if they'll be retesting this zone with the sandjet - maybe someone else can clarify?
Get the feeling things are really on the move, lots of news and action incoming imo.
GLA
The friendly largest shareholder at 43% including a huge number of shares at the last raise at over 11p.
Anyone else think a cheeky offer for the rest of the company is incoming ?
Read the outlook they gave in the Q4 update for FY24 - there’s no way they’re repaying $77m of debt this year. This is going down the extremely murky and potential death spiral of convertible loan notes imo. What respected lender would want to refinance this now. I’m out with a big hit taken. Worst investment of my life. GLA - you’re going to need it here.
The big fat elephant in the room regardless of whether this is a fatuous retort from Corica is that it’s now obvious they’re miles away from any settlement and we’re currently operating at around 20% of capacity. Ringing alarm bells?
That garden path has been constructed with a sizeable chunk of PG’s own cash and effort. No-one is forcing you along it .
I’m not against well argued factual downside comment, it just appears that there isn’t really very much of it.
The phrase “all fart and no jobby” sums it up imho
So why are you here AV? Not got better things to be doing what with Cheltenham starting tomorrow?
What a transparent wassock.
A big red flag for me is the lack of management skin in the game. You can have all the options at all the fancy prices in the future but if they’re not filling their boots at this level then there’s more dilution coming imo.
GLA - I’m out.
Here’s why - https://www.investi.com.au/api/announcements/nhe/15a0bcfe-43a.pdf