Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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You may accumalate plenty of interest in the meantime Roxi lol
@ $87.5 now ,makes no difference really.I prefer to stay around here,if we go too much higher then bells start ringing,we are in a nice place atm imo
Sankey research, have gone bullish on oil price over the next few months, predicting. $90 as we head towards summer,
If we can hold above $85 over the next few weeks $90 will be game changing for JSE in 2024
Happy Easter , have put aside £10K for buy as soon as opens!!!
Tuesday hopefully
RBL reassessment due end of March? If so should hear something next week.
Even the Montara and Stag assets will be making a good return on current oil price, the other PenMal and CWLH will be making significant returns to the bottom line, and with the CWLH now accounting for some 300Million Barrels of resources to JSE , we are in an excellent place. ATM , if we move to a higher return than expected this could swing the decision, to Bid on the Macedon and Pyrenees assets which produce around 28,000 Bpd , if we can get that for around $300-$400 Million with an increased RBL we could soon pay that off in a couple of years at the current oil prices
would certainly take JSE to another level
should find out in a couple of months if not sooner
Continues its strong monthly gain on the previous 3 -months, great news for JSE cash model,
next week we move into April, which should be an exciting time for the AKATARA gas field, soon we will be close to initial trials of the gas plant,
Have a great Easter weekend shareholder, were very close to a huge uplift in producing assets.
I did, apologies.
Thanks
Hi AB, no i dont believe it will shoot right up, probably jump over 30p then build from there towards the summer and end of year, if the oil price stays above $70 throughout the year , by year end JSE should be heading back towards 90p imo
Roxi if we get news before the 6th Apr the deal will have fallen through if it goes ahead imo it will be late summer imo but i think you know that already.Personally i think they are over stretching themselfs i hope selfishly maybe that it falls through gl
Thanks Roxy. So your prediction is once opened it’ll go right up? If so, what prices are you predicting and when?
Got a great team of Directors on board now, and along with the other key management team, JSE is set to become a Mid Tier Company, in the Asia region.
Akatara alone is now worth more than the current Mcap, cant wait till we open up for trading again, let's hope it after April the 6th when i can load up into the ISA.
Do you mean doesn’t feel right?
All the BoD taking their leave here? Dr Chaouch has done one of the shortest NED stints of all time. Two days and straight into Chair.
Something does feel right in the boardroom right now.
Great experienced board, wastes no time getting his feet under the desk, such a talented Director should steer JSE back towards £1 in a short period, imo
I got a feeling they dont like fpso,s JSE have spent a fortune upgrading Montana they cant do more than they have done and still doing all the while complying with the regulators.Cut and run seems a bit strong as well.
Good find Sea7, i think we can all agree that "Safety" should be the top priority when it comes to repairs and integrity of the FSOP, good news is that JSE, are dealing with it and putting it right.
from the australian government hansard..committee meeting 14th march 2024..
https://www.aph.gov.au/parliamentary_business/hansard/hansard_display?bid=committees/commsen/27720/&sid=0003
economics legislation committee - 14/03/2024 - offshore petroleum and greenhouse gas storage legislation amendment (safety and other measures) bill 2024
questioner :
cox, sen dorinda;po****, sen david
answer :
chair;dr howard;mr duncalfe;mr williams;mr murphy
excerpt
we've got the montara venture as one other example. that was launched in 1989. i'm not sure of the date it was converted, but it was converted to an fpso. there have been multiple directions, prohibition notices and improvement notices from nopsema and currently out there i know firsthand that they are welding in place steel plates in the tanks because of the integrity of those oil tanks. it is an ongoing battle to try and keep the integrity of the whole in place.
the pyrenees venture is another fpso, built in 2004, and it's just had to proceed to singapore early, for a dry docking, because it got a leak in one of its oil tanks. so, again, the integrity of the vessel is in question, and it has had to cut and run for singapore for much-needed and urgent repairs.
On the up $86.5 , pretty solid month of high-income capability, March monthly average over $80,
and great news about the recent appointment of Director, were building a great team of well experienced Board of Directors to take JSE forward. over the next few years,
Onwards and Upwards.
Just terrible wording
Good to see the lazy cut and paste wording was deemed worthy of correcting
Results 25th Apr last year
We should hear some news early April, lots going of atm,
No, the RNS regarding the share award scheme said they would be admitted to trading today. This is completely separate to the suspension. They are part of the share count now, that's all it means. It was a generic RNS to give a date for the award shares to be admitted. The suspension is a completely separate thing which stops all shares being traded.
They wouldn't be able to give a trading day several days away from the RNS like that. If the deal isn't being pursued or we are not the bidder the RNS to resume trading will be the same day or evening before trading commences.
I'm amazed people thought it meant today was the day that shares would be trading again.