RE: AGM3 Jul 2026 18:57
1) Cameroon: low chance of drilling in Q4; more likely Q1 of 2027.
(So what was the £400k raise for if there is little activity going on why couldn't Mr Asher wait for the money from Prime following the approval in Namibia?)
3) Presidential approval granted; however, all paperwork is non-computerised, using an old-fashioned rubber stamp! This means several stamps to go to the President up the chain, then more rubber stamps to go back down the chain. Indeed, time-consuming (but quicker than seeking approval in the UK).
(So we have been waiting months for the president's approval and it has now been updated and he choose to tell such sensitive information to a handful of strangers)
5) Remember, not all rigs are suitable; furthermore, to encourage financial tension/competitiveness of rig procurement, such information should not be available to shareholders (just in case someone tells the rig operators).
(It should not be available to share holders- yet he told a group of strangers this information. How did he know one of you are not from the rig owners etc?)