Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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BP, Some talk of excellent returns and medium term, other posters Divi,s by the end of 2024.
To issue dividends the retained earnings which are a accumulated loss of £133.44 million will need to be cleared and additional profit added say £20 million which needs to be a profit not revenue of £153 million over the next 16 months.
If that could be accomplished i would be the first to add as the transformation would be amazing.
There is the prospect of share price increase IF they have the funding for multiple wells and reasonable flow rates any thing over 1k boe per day and sales contracts in place and easy transportation to where ever.
Trouble with oil and gas one in three wells will only find hydrocarbons and one in three wells will only be commercial.
I am afraid that is reality on the ground, prospects here possible long term but first you have to find the oil and gas.
Wishing all luck with investment.
BTW - I think I actually said no SALES rather than no PRODUCTION, but there's not much point getting oil out of the ground if you don't sell it.
//Someone said not to long ago there'd be no production this year, I really hope that they are wrong.//
That was me & I too hope I am wrong! (But as I have no shares I don't really care.)
Someone said not to long ago there'd be no production this year, I really hope that they are wrong. Time waits for no one. GLA
The sp will boost and it will take a bit of time thats a fact. But show me an investment that is better placed to give excellent returns in the medium term than this one at this current time
GLA
The movement doesn't relate to you as you have no shares.
//when this starts moving north//
IF not WHEN
Whatever the delay if any in releasing the RNS the drivel and waffle here has increased 3 times as much . The best is yet to come and I really would like to see if some will calm down when this starts moving north
The Sunflower doesn't relate to you as you have no shares.
Your sunflower seeds will probably produce more oil this year than PetroMatad does!
Since spring I have been growing a Mongolian Sunflower called Heron. It now stands at seven foot and is starting to form the sunflower head. The RNS is linked to the growth of this sunflower so all will be well within the next few week when it bursts into life. So everyone please stop worrying!!!!
Wow! Sun's up again!!!
I think he is giving him a funny look! :-)
Header say all
Expect Mr Michael Buck to release ONE MAJOR RNS any time now.
This should include:
- FULL HERON OPERATIONAL PLAN
- DQE PARTNERSHIP
- RENEWABLE CONTRACT / UPDATE
- NEW BLOCK
- BLOCK XX 3 BN TOSON UUL DEVLOPMENT
I believe all "formalities" needed to be concluded after Cabinet Approval of Special Certification have been completed weeks ago with in person visit to Dornod by Head of Mining Minustry itself Mr J Gambaat.
Relationship with US should not be judge by sly look (or not) by US representative Lol. Better to read up all report around visit including statement by both sides.
Mongolia very important strategic position and also resource base with rare earth metals, lithium etc. Also look at recent Google investment in Mongolia.
Sometime sly look by pretty lady not enough to base judgement on & with full respect to you mr Master.
Even sly US lady will say keep eye on ball 😏
Ball is in header & this point to many multiple RE-RATE & VERY SOON!
Russian natural resources governor in Dorno.
https://m.facebook.com/story.php?story_fbid=pfbid02rU9XgjJcSkdzCmeEb4xjzeAsP6CowfB9jN5BWUGU8ehSV5AiV5sYaDGPAStghnkUl&id=100067782859049
https://m.facebook.com/story.php?story_fbid=pfbid0z5uQ2ykEyHGTohuzySpSvj4w2THSX7e3rmaRgnfGWm6Nf7szsb2msLurcBf8a3bql&id=100067782859049
Master, I’m sorry, but if you think that she’s given him some kind of funny look, then you must be the most sensitive soul.
Anyway, we’re well into August now. Roll on another morning and chance for a positive RNS. These “formalities” are dragging on. Of course, if you’re WOS and apparently immortal, it matters not if it next week, next month, next year, next decade… cos it’s coming at some point!
54second onwards the way she looks at him.That is not how you treat a PM who has come million miles away to build good relations.
Must say $12m is hardly worth the plane fare. Have a feeling this strengthens our hand as we will be spending that and a lot more in Mongolia before very long.
Master - I've watched it again and I can't see she's done anything wrong or remotely disrespectful.
Wait till Mongolia has oil and a refinery i think the tune will change a bit then.
Didn’t see anything!
You're worthless here . Is her reaction
Doc watch again. 50-60seconds . Look at the way she looks at the PM. Literally saying you're nothing here.
Shouldn't the PM be meeting someone on his level and not some disrespectful woman
Glad they got peanuts lol
Geo61 - another new account set up in July, solely for MATD, and seemingly loving the ramping hype... :/