Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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poorinvester calamari
What entertainment. Lol
lol calamari, next time I do a trade on ARB, i'll post it for you. This is just a 30k punt for me my idiot friend.
Calamari, i'm humbly poor with a 400k portfolio muppet.
I take it Mannan has closed yesterday shorts and gone long then,,lol
just be honest what price have you got your short at
Calamari
The whole world knows why you are working hard
Huge volume
Calamari, is one of the most idiotic poster on LSE, always trying to buy in cheaper.
You are getting a good price here muppet, what? do you want shares for free?
sells seem to be fading away. Are we near the turn?
Agree Amin, waiting on them now... but Calamari, as u can see is doing his best to black tar the company. Wish they'd use one of those bullets to shoot him in the head lol.
But yes, whiff of some positive news and we're off to the races.
@ calamari - are you still holding then?
@bladey, I agree they need to salvage something, the sp is dead , but a small bit of positive news will send this up dramatically. I jyst think they have limited bullets left
Personally I think they're in talks with someone, and still going through wirelines. They'll tell us what the plan is, moneywise or projectwise either way.
Too many unknowns at the moment to be sure of anything. Can ADV resurrect something positive from this still? What worries me is that I think some part of their financing for the new projects was also reliant on a successful outcome at Buffalo. Hence why none of these other deals have been concluded to date. Also, will they have done contingency planning for this kind of outcome, or is the market going to have to wait some time before ADV decides how it is going to bounce back from this?
there wasnt many left on aim as it is. now there will be even less after this. not surprised people have moved to crypto you just get robbed here by ramping ceos that now are hiding behind a rock, shorters and mms there is no reason to invest in aim any more its a dead duck you may as well give the money to charity
It's full of traders now hoping for a bounce but many will sell out once they realise the bounce isn't on and the share price falls further in expectation of a fundraise
common sense would say that the sells have to dry up soon. almost 1.5x the total shares in issue traded in a day and a half.
Could be bust by the end of the month?
I remember when MATD drill partner walked away, a very nice break clause was triggered, as someone said, perhaps a positive event if CARAV have walked away.
Just have to wait on multiple fronts.
They have very little cash left.
You need to read the notes to the recent interim accounts which confirm there were 2 further cash calls after the accounting date plus ongoing admin expenses.
they could start production from the oil that is there and drill a sidetrack later. We have to wait to see how much oil there is. Like I say, everyone is panic stricken. There will be more news this week imo. So either we go back into the pennies or down further. But they have £3m cash so how much loer can it go? Market cap is only £6m
That Energy Voice article was pretty damning:
"“This is a disaster in my opinion. I am not sure how they will spin it. They are no further advanced than the previous operator. There is no vast attic accumulation. As I had thought, the (FWI) reprocessing by DUG was not done with proper geological input. The 80m low to prognosis is a terrible result,” one industry expert told Energy Voice."
“80m low to prognosis means 80m of oil column was not present. Substantial resource volume was not present. It is disappointing from a technical standpoint. Carnarvon will need to make a judgement about whether a commercial project remains, given the on-going technical uncertainty,”
Seems to be alot of opinions and miss information being posted but the fact is CVN are currently contucting wireline logging which is due to be completed today so until that infomation is compiled and a decision made we are all in the same boat "non the wiser", we could hear something about this as soon as tomorrow or the following week but until then nobody knows.
They would need to raise funds first if they intend to do anything like that.
It doesn't sound like Carnarvon would be willing to contribute
IIRC the porosity is very good in the geography of these well locations. They could do a horizontal sidetrack into the NET column to increase proposed production, just like in this video.
https://youtu.be/kj91sfH4fpY