Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I guess its still a plan where a lot of luck is required. if you are playing the probability game (like AC says he is) , and we assume they did the best with C37, then we are banking on C30 being a successful roll of the dice
Otherwise if this rig trundles along from C37-C30 -M247 etc hoping for a statistically successful outcome we will be here this time next year.
2.85p / share is a metaphor for all these unspoken thoughts IMO. Aint it powerful :-)
"….proper execution of well plan...."
that I beleive is what the market is pondering
agreed. We have a stabilised flow rate for now. :)
they need faster rig mobilisation and demobilisation times. this rig is a monster
"Is “Rocket13” guy new “TPT” guy ? "
Rocket pops up on various message boards with inane one liners. Must be a secret research project
Still no indication of flow rates though, especially the figures quoted. Thats what the market doesnt seem to beleive
they had those before it was producing .
"why not a tweet of c37 producing?""
what would that look like
so that big buy was cancelled . Must be fat finger syndrome
satire requires a little more wit...
Concrete pour completed on the 25 of October (tweeted). The base should be ready by the 24th of November, maybe a few days earlier. They are just shifting some stuff over
Cant say ZEN isn't keeping you informed
"and still the evasive 1000bopd is nowhere to be seen."
elusive: hard to find
|"C37 c30 m247 ...in reality it's all b ****."
thats what its gonna be for the foreseeable. Dont like it then maybe there are greener pastures elsewhere...
concrete pouring and curing is on the critical path. There is not really much you can do in the meantime. Maybe as Ezhik suggested they can start dragging the rig over with those Ladas. Good to see money being well spent
Using this rig as method of deepening these wells is certainly a laborious job - the logistics and time taken in shifting and setting up are immense. I dont know what alternatives there are
It hopefully looks like they have already started on preparing well m-347 civil works, so thats a bit of forward planning for a change
*were waiting*
well if you look at the twitter timeline 3 weeks have passed since the last bit of concreting . Maybe they are waiting for that to cure but who is to say .
this is a reinforced concrete construction - where steel rods provide tensile strength and concrete the hardness . The two materials act together, so hardness of the concrete is crucial
it depends on what you are using it for . They have used a lot of rebar in that base that means its under quite a high load.
Concrete reaches 70% compressive strength in 7 days and maximum hardening takes 28 days. A domestic concrete floor can be used with a few days
I've had this with ZEN before - tweets like the base preparations were 80% complete were misleading .
where does curing take 5 days ? That concreting will take 28 days to cure. I thought this was already done. That base needs maximum compressive strength that concrete provides and there isnt really anyway way to make it go faster.
there is gas and oil there but if it cant be recovered then it has an academic value only . Plenty of places in the world like that
yes indeed, its handled much better - we back to where we were last Wednesday - the momentum of Thursday and Friday only disrupted