Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
After the current news and with production from the KL layer of 1.5 tankers a day, our shares should now be worth in excess of 2p a share. Current production IMO is being choked back to sustain this level indefinitely.
SO GLA.
Although Brent oil has dropped in price we are earning more with the increase in the £ against the dollar. Markets have dropped through-out the word and is reflected in the drop in share prices. We are lucky that we get $ for our oil.IMO. Keep those tankers rolling.
GLA.
Andy our share should have been much higher than it is now, just on the oil we have been getting. SS is right to have restricted oil flow for the last month or so, as it would have been bad business sense to produce what he could have, when by hanging on he gets another year in HHDL before tax is due. The oil in the ground was going nowhere and he has done the right thing by leaving it there. The 2p a share is conservative and I expect much more. All IMO.
GLA.
FOTH, thank you for the picture of the Barite compound. As most will know Barite is the heaviest drill compound and is as heavy as steel or iron ore. I am very happy to find we are going to use Barite as it shows that SS and team think we are going to get a lot of pressure in the next well.
GLA.
IMO. The structure we now have is not a pump, but a classy shuttle valve. IF I am right, this does not need to be locked down to test natural flow, as it works on the natural flow all the time. This would be good and we can see how the well is performing.
GLA.
Could oil get back to $70 tomorrow ? Will Aramco not want a quick return to production, as they have always said that they would like the oil price at $100. Trump will be happy as more oil sales means a stronger economy for the US. I would be happy if oil rose to $75 and our share price to over 2p.
GLA.