Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Should be very interesting update in 2-3 weeks. Some thoughts:
They are working on a plan B, in the event the FLNG solution being dropped, but there is no alignment (agreement) yet on what Plan B should be. Does anyone here have the technical knowledge to know what options for Plan B there could be?
If the FLNG solution is dropped, could this lead to a quicker monetisation of the assets if there is a more simple plan B agreed for gas offtake? With a more simple plan, could a buyout deal be struck with NewAge pretty much now, before the IE4 drill results, or as soon as we get just some of the IM6 data results (2-3 months for full analysis)?
latter half today.
The link to today's conference call is up on Bowleven website Homepage - INVESTOR CALL IN 21 AUG 2018
they require a certain amount of intelligence to use; as does using two, to and too.
Your you're their there and they're get me going
yes i had heard that suppose i just spell the way i was taught. Which way would the Queen spell it :)
Not cut and dried ....
"""And part of the reason both endings are acceptable is that -ize predates -ise, back to a time before there even was a British or American English. The Oxford English Dictionary cites an example of realize that goes back to 1611, and an organized that dates back to 1425. The first recorded realise with an s isn’t until 1755. """
http://www.bbcamerica.com/anglophenia/2014/07/brits-spell-realize-s
Wish folk would stop spelling the yank way, we dont use Z in English; really does my head in
Bowleven just confirmed to me that there will be a link to the call on their website before the end of the day.
Prof Google came up with this ...
http://www.climatechangenews.com/2018/05/15/londons-light-touch-regulatory-hub-african-oil-ventures/
http://www.newafricanglobalenergy.com/media/1401/2018-08-20-pr-departure-of-chairman.pdf
Missed the first 10 minutes of the conference, can anyone tell me if the 310 Formation is part of the IE4 Drill?.
Seem to recollect reading somewhere that it stretches as far as IE4.
Yes that may well be the case and to be frank it is about time that they made more of an effort to engage with smaller shareholders. It is always easy for a management team to be 'lazy' when you have a very large shareholder and a few institutions who, between them, will account for over 40% of the shares in issue. Have a few meetings with them and keep them up to date and content that they know what is going on but the 25% drop from 40p to 30p may allow someone to bid low 40's and encourage the institutions and PI's to consider accepting. I still think that is a long shot though and my gut tells me that we will have to wait longer for them to distribute cash to shareholders. All speculation until we hear about the next drilling results and it will be time to re-assess at that time. Will continue to hold.
Who isnt nervous at this low price? My main concern was time, cash burn and another call for cash. Current strategy seems to be managing all these well so post the call im less nervous than i was before. Value is there, time is potentially the enemy but if they can match investment income to g&a thats a plus for me and will continue to hold.
amen.
just having a thought ,
this was , a rare thing for blvn , i was thinking are they nervous at this low price they may be vulnerable to a low ball bid and now need to be active to keep price higher or steady , coc cant buy any more to prop it up , just a thought alimo
I hope I got this right:
IE4 spud 30th Aug (90-100 day drill) + testing (20-25 days)
Update on IE4 in 2 to 3 weeks
IM6 data analysis complete in 2 to 3 months; then perhaps update on reservoir size, development option (for gas - the current problem - though liquids is major part of NPV) and FID.
Did I hear right, at end, some mention that currently there did not seem to be alignment with the jv as to how to monetise the gas?
Irrespective of content of such calls, was pleasing to have leadership team who understand importance of speaking directly to investors on a regular basis
So, free carry, increase in reserves and TCF, institutions in for the development of ETINDE. agrees no value in Share price for ETINDE.. and a very upbeat call.
Moderately positive in my view. Good that they have flexibility with Topaz and are getting on with things. Pleased that investment returns will help to minimize cash burn so worst case we should see price underpinned at level we are at now. I think it will stick around 30p until such time as the company announces positive news from IE-4 or they attract new investors who are prepared to take a punt on the potential undervalue here versus would come emanate from the commercially sensitive options that could not be discussed.
Positive call i think overall. Investing minimum of cash(c$19mm) to provide income to cover g&a, on track for 2019. Upside to 1.1 tcf expected but not full 0.7. Does seem getting to 2tcf or thereabouts important for fid, anyone else take that read? Strategy to take cash burn off table so can monetise in whatever timeline seems sensible and on track.
are there for the long term. Quite a positive call. But, jam tomorrow for drilling results CPR etc
So.. a great call ... we are going to to get an increase .. so all seems as before.
Of my life I'm not going to get back, nothing dramatic like I was hoping for. Can't see that giving a rocket to the share price.
Recognition of need to communicate inherent value to market given that cash and securities plus $25m post FID is not far from curemt market cap!! Hope that is a plan to put greater effort into investor relations and inform the market of true value here.