Breac, I think the delay in the Niche deal could be a blessing in disguise. I hope proper due diligence is being taken out on them. If they are seen not to have the funds then the SP will take a short term hit but longer term will be stronger. Didn't Niche group delist with very little money? i know of at least two other AIm companies where the promise of funding seems a bit suss. We don't need SOU to fall for this one!
I have seen this before with other shares. Farm outs take a really long time to finalise. I was a bit surprised they said Q2 in the first place. IMO this will drag on, this is why I think the order of play will change. And I think this will be talked about on Tuesday. Here is one theory I have, and agree it is a long shot, sell SMG to Edison or Eni to tag onto their existing fields and infrastructure. Then with the cash, say goodbye to Niche, keep Nervesa 100% to ourselves. Second well 90% cos I think, and we could also drill and 100% keep the lovely Laura discovery as well.
I can understand the predicted date for Casa production to be missed ie the bureaucratic nonsense that is Italian Administration. However I am at a loss to understand why the prediction of Q2 for the agreement with Niche Group to be confirmed should be almost a month late. Possibly, this will be the subject of an RNS next week, together with a predicted date for the Nervesa second well to Spud. Comments appreciated. Cheers breac
I am feeling very confident, but Nervesa deal still a little way off IMO. Casa down to sign off. I think there will be quite significant news by Tuesday, even if a revised drilling program. I still think something will happen with SMG, either a sale or production to be brought to the front of the cue. Maybe we will get some sort of announcement about talks regarding Badile. If no big news, then the publicity alone should be good. I'm sure we can rely on bmd and Doc to keep the rumour mill going for a bit.
Are we excercising irrational exuberance with this TV interview? The reply I received from James re the delay merely stated: "It was just that on Tuesday Malcy can join the interview and we though he and I together would be a better combo"!
JP just wants some company on Tuesday? Or can we make much more of it? I'm of the opinion (like several others here) the interview was purposely delayed (yes, for Malcolm to talk about next weeks headlines) .I'm certain there will be an RNS on Monday.....or Tuesday, to compliment the interview. We know of several things that are imminent. Casa T, confirmation of Nervesa farm in deal, maybe news on the second Nervesa well. But there are other more opaque things lurking in the background. 'Hidden gems kept well under wraps'............rumours of all kinds, from big deals to takeovers.
But then again, are we ignoring the elephant in the room? Those shares will cause an RNS to be released on Monday & new shares usually are accompanied by reasons why they were needed. So maybe this is why the TV interview was delayed until the day after the new issue? Never a dull moment here..........................
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