Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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There are a number of issues
1. The things we know that we know.
So those things are the arbitration is on going, WE have been taken to court by Hope and that hope is off the board.
We know also that the asset has been moved. We also know that BHGE and BP were in the mix in some manner. WEalso know that Zaza and SN also had millions invested and would want a return (aligned somewhat with us)
2.The things we know that we do not know.
Firstly we know the box is not empty but unclear just how full. The Arbitration, we have no idea how that is looking or what evidence both sides submitted. With both arbitration and court we have no idea if talks have been conducted between parties and if they have, how much progress has been made. We do not know if BHGE and BP are still involved, if a new major(s) are looking in or if that loan is still on the table. If any are then we also do not know what criteria needs to be agreed for them to initiate as part of the plan. We also know that we do not know if oil or gas is being produced, how much and by whom.
We also do not know if Zaza has a plan B to get money back for himself, if this falls apart, I.E money produced from oil since delisting has gone to their accounts to ensure they are not out of pocket. We do not know if Yorkville were paid off completely either. We have no idea if we are in the plan going forward if we survive. We know also Russia has a vested interest in FRR not selling a highly productive field in this region. These are the things we Know that we do not know.
Then the things we do not know, that we do not know.
This is the very dark area, these are the things that we are not aware of that we do not even know that we do not know about. This would include conspiracies that we have not even thought of. For example it would include the GOGC being part of a deal with Zaza to take the company from us, and see Zaza alright with a single payment later. Thats not a realistic option but there will be many things we do not know about and not considered. These can also be good things too, so its not all dark and mysterious.
Lastly the things we do not know that we know.
These are things we have seen but not registered as facts, For instance we know that BP were in a Confidential agreement with FRR, but we seem to have forgotten about that and that BP would not want a few millions barrels of oil. We knew how much oil we were producing and the cost of oil, so maybe we know what money has been generated over this period. Often the truth is right in your face but we can not see the woods for the trees.
So what does all this mean?
It means we know what we know, we need investigate what we know that we do not know and expect the unexpected with the parts we do not know, that we do not know.
As for the things we do not know, what we know, may be we need to step back and look at the bigger regional picture
Good post. The longer the silence the more conspiracy theories imo.
Y'know what Pyro, I think we know nowt about owt... ( As you might have guessed I'm from Yorkshire,) tha knows.
Brilliant work Pryo. Added to all we do know and don't know, you have also created a brilliant FRR drinking game. Quick shot of Sambuca for every "know"..... Lets play a celebratory round at the re-listing party! Hopefully not too much longer to wait.