RE: Happier after RNS & AGM.14 Mar 2025 06:56
Just to reiterate my last night post.
Very happy with today’s RNS and the AGM news, happy with the low cost increase revenue plan and the fact we have enough cash to get started on that as soon as the weather permits.
Indeed I am happier and more confident today after the AGM and MB confirming H1s pressure problems have stabilized and are no longer an issue, also good to hear him say PCs high producing wells had similar sand problems which were rectified by the fitment of sand screens.
Absolutely no doubts we are headed in the right direction, no point dwelling on todays sp as it will soon be history, spring is but a few short weeks away and we can get on with increasing revenue.
Also pleased to hear MB state we will get net $43 per barrel from PC based on Brent price of $70.
The fact we are speaking to three different companies regards JV/partnership is also fabulous news.
In a few weeks we can jump on H1 remedial works, we will then be producing 500+ bopd from just that well, also great news re Gazelle, it seems nailed as a producer so will add to our revenues.
GOBI and H2 are the wells to watch, good results with even one of them and we are home dry, I was especially pleased with what MB said about H2, it could end up much higher producer than I first thought, bring it on, the games afoot.
Let the NEGS do their worst, it makes little difference, MATADS answer will be increased production, increased revenue and increased share price, fact is their feeble attempts at manipulation of our share price means very little in the great scheme of things.
GLA genuine investors, not that its needed, MBs low cost plan to increase revenue will see us through.