Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Apologies Jstar - you are 100% correct. Poor skim read from me - i.e. requiring additional funding within 12 months.
Will be tight on time / money for the JV and cash. However, they have said wheels are in motion so we will see...
What do you all think? Another small raise? Problem being that we would ideally want a catalyst to bump the SP higher or we are doing that lower than £0.001....
Agreed. Need something to come online and provide income. Accounts state latest raise will.vober us for 12 months running (but no money for anything else). Need Thar to generate revenue or a partner to come in and take a % for decent chunk upfront!
As per the recent updates from Filthy, me and others that definitely know more than me!:
#BOIL
Further developments as Timor really push the oil & gas industry:
https://twitter.com/bigguyad/status/1680568430116630529?t=XXaVtqyfO0gvqvhtBxhSuA&s=19
Type of companies wanted....:
- newcomers (BOIL)
- First movers (BOIL/Sundagas)
- Companies willing to build a project (Chuditch / BOIL/Sundagas/projects on the island) and a reputation in the region (Sundagas and Andy Butler).
I was just reading this interview and was going to post it here.....but you beat me to it!
https://www.in-vr.co/
Just look at their partners.....very impressive and it really is great to have Andy Butler presenting at the Timor event.
This really does feel important! I might be wrong (and I regularly am!!!), but Timor are desperate for this to work. I really think that even if Sunrise goes wrong, we could be green lit to get the gas (and money) flowing.
It's worth remembering the below from Shell's Chuditch 1 discovery well 2001 (ish) that they found a 25m gas column and:
· Risks associated with trap, reservoir and charge for the Greater Chuditch closure were considered by Shell to be zero (that is, the Geological Chance of Success is assumed to be 100%), remaining uncertainty being on the volumes in place
Https://investingstrategy.co.uk/stock-tips/baron-oil-shares-brief-update-for-q3-2023/?amp=1
Https://www.energynewsbulletin.net/on-the-record/news/1449946/timor-leste-petro-chief-surprises-with-joint-use-pipeline-plan-for-sunrise%C2%A0
Good post Juggerhowe. Although that quote is from March this year, it's clear what Timor's thoughts are.
Never great that Woodside didn't have a clue....BUT, with the discussions now going on, you'd have thought this would be clear to all!
.... and JC's find:
https://www.aman-alliance.org/data/newsDetails.php?id=65770
Chuditch also has CCS potential....
Looking forward to the next few months. It's Glgreat to get Gusmao elected, basically on the Sunrise and Oil & Gas platform - he's firmly on board and lots of news due.
Genuinely positive potential, a clear news flow...... and a massively undervalued share price 😁 👍👍
https://twitter.com/bigguyad/status/1675551476368936960?t=Te1GNpORUuMyseiiKodCIg&s=19
We're certainly bottom drawer material - park and hold if you can.
We know the potential (albeit quite well buried!) Timeline now is:
June 29: AGM
July 14: Dunrobin drill or drop
June/July: TL target for agreeing new PSCs
August: concept report for Greater Sunrise due.
November: target for Greater Sunrise decision.
We are somewhat linked to GS and what happens. However, we also have a lot going in our favour in terms of possibly going alone with FLNG.
The board are very tight with details something could progress at any time. We will see.
I echo this. Was just saying somewhere else that I feel the initial CPR impact might not be massive. BUT - would gradually build with JV, planned drill etc. Then, IF, TL finally say "Yes please - go ahead", that's when rockets come.
Overall, very net positive and will hopefully grow and consolidate in a slower non-spikey way.
GLA