CTR AGM feedback via H C
Posted: Fri Nov 29, 2013 12:53 pm
" The meeting summary as I heard this.
All resolutions passed.
My impression ( please confirm ) is
that B was not happy with the operator re choke.
Will be likely to open to 300 BPD in the near term.
Concern re water?
They will not be looking at a CR unless absolutely
necessary. Will look at alternative funding if possible,
depending on ATZAM5 and potential re rating.
Operations both operational and corporate being funded from
oil sales.
May consider farmin ( have discussed ) and other
opportunities.
New storage equipment 10-12 thous. baarels.
Weekly spot sales.
Will be using alternate to cement for the difficult
section ( liner ).
Main rig to be bought in with a few days.
Will be working over Xmas.
Likely result at 20 days ( and will be updating continuously)
Roadshow beginning next week. "
versus
" Well reported kennig, yes I listened in this was about it, heard everything I wanted to hear except these.
Would of liked to have heard his opinion on Range and if he considered them as still a threat to take us over at some point considering our weak SP at the moment.
And how was the in ground reserve update coming along and why the change in strategy to not have the storage facility built by now as stated previously."
Atzam# 5 nosebleed speed if promises kept and then the vexed question of speed of testing as the last one took a long time.
i ve noted anti Range sentiment on this part of H Copper but not a patch on the bile reserved for it on the main RRS section. Hope 248 beats Atz#5
All resolutions passed.
My impression ( please confirm ) is
that B was not happy with the operator re choke.
Will be likely to open to 300 BPD in the near term.
Concern re water?
They will not be looking at a CR unless absolutely
necessary. Will look at alternative funding if possible,
depending on ATZAM5 and potential re rating.
Operations both operational and corporate being funded from
oil sales.
May consider farmin ( have discussed ) and other
opportunities.
New storage equipment 10-12 thous. baarels.
Weekly spot sales.
Will be using alternate to cement for the difficult
section ( liner ).
Main rig to be bought in with a few days.
Will be working over Xmas.
Likely result at 20 days ( and will be updating continuously)
Roadshow beginning next week. "
versus
" Well reported kennig, yes I listened in this was about it, heard everything I wanted to hear except these.
Would of liked to have heard his opinion on Range and if he considered them as still a threat to take us over at some point considering our weak SP at the moment.
And how was the in ground reserve update coming along and why the change in strategy to not have the storage facility built by now as stated previously."
Atzam# 5 nosebleed speed if promises kept and then the vexed question of speed of testing as the last one took a long time.
i ve noted anti Range sentiment on this part of H Copper but not a patch on the bile reserved for it on the main RRS section. Hope 248 beats Atz#5