rowdy- wow, that's is unbelievably cold with that windchill. don't think its that brutal on the northslope or perhaps comparable.
hey- congrats on urz obtaining that state of Wyoming bond in such expedited fashion. the timing of the funding saved the company from having to fashion other funding .
lets see how this plays out over time. added shares near 92 cents.
im sure u are eating & drinking quite heartily and with good company .
the new/today rampart press release entitled corporate update is found on ASX under symbol rtd and then go to the rtd pdf files. rampart states as follows; as of the 12/10 rampart filing with the ASX....... rampart states that royale energy corp will announce its selection of the seismic 3 D Survey contractor within a week. ( so that could mean a week from 12/10) which diverges from last royale press release indicating announcement of seismic survey contractor by end of this week, Friday 12/13.
secondly, the rampart filing states that the seismic 3 D SURVEY will be completed by this upcoming winter season....( so im thinking seismic survey t/b completed by approx. end of april 2014 ?) ( and then the question becomes how much time is needed to process, analyse, and come up with conclusions, based on that seismic 3D survey data.
Hey salmon - what's cold? We are at -12F and will warm up to 2F with a windchill of -25 and colder - Ch.5 just upped it to -35 and the coldest day for this year since Jan.!!!!
On Thursday is our first day where we see a balmy 18F!!! My heater (Gas) is running quite a bit.
Good thing I converted a couple years over from electric, because gas is dirt cheap! We don't get WEC (ticker) in Western WI here - we have EXL (ticker), just supply - NO service, must obtain by private heating & AC service! WEC electric would be cheaper because they generate lost of power by cheaper coal and this winter switched to 8% more to coal away from gas!
Also lots of wood and coal burning going on - I can smell my neighbors fire place and there places which run on propane tanks better have their gas flowing all the time or the regulators slush up and heating oil is hardly used up here - too expensive!
Black ice up north is causing numerous accidents, you all saw on TV - them knuckleheads are driving way too fast for the conditions over 1000 accidents since Friday in the Twin cities alone!
Well - All keep warm and it will get warmer as the days get longer!
Sac region was set for the most nat gas ever used in a single day, was Thursday, All time usage of nat gas set Thursday was broken Sunday now being the highest single day usage in the history of nat gas usage in sac county. LOL merry Xmas. Longs
i totally agree, royl coulòd breakout sooner than later. Company is debt free and is making profits.
Great post with factors to back it up Hold until relieved.. Thanks String.
correction; last sentence; so royale mkt cap should reflect that........
get up- if and when rampart gets a farm out oil corp partner.to fund the Alaskan drilling of two wells................ you should see a big % jump in royl mkt cap just on that alone. imo.
also, have to appreciate that the state of Alaska regulatory agencies are going to go out of their way to facilitate ongoing development of north slope. I expect many more diverse companies to situate themselves in north slope proximity all because of the recently passed Alaskan tax law that dramatically incentivizes companies to develop northslope oil.
I think more rig availability , more waterwaste disposal cos, more road builders, more rig parts suppliers, more incoming folks looking for jobs.......are all going to occur in 2014/2015. Alaska is more desparate to increase oil production than many folks appreciate. Alaska depends heavily on oil tax revenue. the transalaskapipeline needs more oil to avert its permanent closure. big incentives to developers. the sea routes are there to export Alaskan oil to Asian countries also. and the pipeline/tap is venue to have ak oil reach the continental usa.
lots of upside potential. downside is difficulty of working that neck of the woods.
and can it be an economically feasible endeavor. the bottom line, as I see it is that before any royl wells are close to productive wells........other progress points along the way will increase the value of the Alaskan acreage......perhaps significantly. so arna mkt cap should reflect that as we go step by step.
Technically ROYL is ready to really break out to the upside. The good news on Nat Gas prices only helps even more. Everything is on track for Alaska up to now. This is really in interesting spec. stock.
String i agree remember the big run up to 5 with over kill reserve number lets see some reliable factual numbers and 5 will be a reality.Production would verify ramparts ability...Roll em and hope we we get a #$%$ not going to be easy to build this into productive acreage.. t.
Hi String when you said ""that takes a lotta cash"" I think back to when I tried to throw some cash at Royale for Alaska they said"" they didn't need it""". That was about six months ago and they still haven't asked me for cash. I have however put all my extra money in the stock. Kinda interesting huh!!
If this hits then I will be set for life as will be my kids, grandkids and great grandkids.
It's going to be fun.
Good investing to all long time investors on this board.
PS Royale if you are interested in having me along for the shoot then I am available and will pay my own way.
But please no more one eye Vietnam Huey drivers like we had on the Cal shoot years ago.