Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
You rally ought to read all the RNS's as they come out - see the one dated 23 December 2019
Now that would make a difference
Bamps, I don't think they would have widened the hole (with its inherent extra cost) unless they had some idea of an expected worthwhile bopd and I don't think, personally, that my 10bopd would be enough. I am wondering if they would think your 50 + 50 would be enough to justify it.
Hi Bamps
Thanks for the reply
I would have thought the cost of widening the drill diameter and the casing and the time (Workers salaries) etc. would have come to way more than $32,500 but then I know nothing.
Hi Bamps - me again
Another question
As you say it is now a production well, bearing in mind the associated costs of widening the well, what would be the bopd threshold that would make it worthwhile?
Obviously, I suppose, 10bopd wouldn't be enough - I have no idea what would be enough
Thanks Bamps
Very succinct and understandable
Good morning Bamps
Does the increased diameter of the well suggest more reserves than anticipated?
A well written piece in4cedros - I enjoyed reading it
Bamps - found the presentation but Leo does get it wrong sometimes - certainly with his predictions - I quote
Leo Koot, Executive Chairman delivers Columbus Energy Resources' Investor Presentation in London. Having identified the enormous opportunity in the “under-explored” South West Peninsula of Trinidad, Leo explains where the Company intends to focus its production, and believes 1000 barrels by the end of 2018 to be a realistic goal.
Hi Bamps
Thank you for your good wishes - I hope your Christmas went well and is continuing to do so.
The 2018 presentation appears to be just a pdf
Bamps - been following your postings closely
Question - How deep are we talking about larger deposits under the SWP?
The seismic imaging in the presentation only seems to go down to around 5,000 feet
Yes, just imagine what lies ahead.
Remembering what Leo said,
Half a billion in five years.
He'll need to move up some gears.
Accelerate like you know who
'cos that's July two O two two.
If Saffron works, in pole position,
Heading for that half a billion.
12 possibles that could come good.
They're more than just a likelihood.
With some extras to help us through
Suriname, Goudron, CO2
Don't worry about our new friend Harel.
I think we have him over a barrel.
Wishing all the cerp investors.
LTH's and the pesters.
Rampers, trolls and derampers
and those apparently still in Pampers.
Also all the cerp employees,
working hard on all our oilies,
B O D and drilling crew,
The great new year that we're all due.
I think we have been talking at cross purposes
I have been talking about revenue all along and that, I believe, is what Leo was talking about in that presentation
I've been trying to do the arithmetic as to how cerp became cash flow positive from Goudron at $3 a barrel
I think I will have to do some maths revision
I don't quite understand this post from harel
As Leo talked about the $50 a barrel, why is it irrelevant? - Does harel know more than Leo?
Where did the $3 come from?
Good morning LGO-fan
I agree, Lord Bamps post is probably the most sensible but I must say I love your optimism so will hope you are right
Good morning Bamps or is it Right Honorable or Sir
Having read your various posts, am I right in thinking that you believe we should reach about 8p after the results of Saffron are published or have I misread them?
Thanks neon but I did notice this short sentences at 52:02
"We are treating this as an exploration well so we don't expect to get revenue from this well."
Bamps, couldn't they tanker the oil away until that infrastructure is in place?