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Jpneb, it’s quite straight reforests really. We were already feeling back up with a buyer scooping up shares at 3.5p. Then RKH announced a significant award for the legal issue that were fighting and their sp more than doubled this week. So the falklands is back on the map as an area that is in the process of going into production with a well financed company and partnership with this Israel boys.
My feeling is that some of that share increase for RKH holders has been invested in BOR as we expect to take of very soon.
Looks an awful lot like it Gus, happy days, again lol.
Abby out dies beg the question o of value though, and it’s not the first time we’ve crossed this bridge.
Rhetorical question, but how do you value you a company with an asset like Darwin and the rest of the acreage with potentially billions more barrels !!!
Short answer is I have no idea, but I’m looking forward to finding out :)
ATB
Hi Gus, I can’t sleep with this hellacious heat so thought I’d check in.
Speaking of heat it’s interesting alright, I’m looking forward to seeing what happens next, as I’m sure many of our longs are as well. God knows we’ve waited long enough.
Next move from the BOD should be an update on the revised drilling plan with the reduced number of sub sea rigs at a cheaper CAPEX cost. That’ll get folks attention. And who knows, perhaps news of a finance package, or a farm in, or even a buy out.
That’s the most exciting part, we have a number of very real options on the table and any of them could happen tomorrow, or the next day etc.
ATB
Hi Gus, well said regarding the SP activity range. I don’t see much happening until we hit at least 5p, and 6p+ for any significant movement of shares.
It was nice to see todays rise from the low 3’s so hopefully it’s not just a traders sp8ke and continues to rise.
Either way I’m holding fir far more than single figures so let’s see what happens.
Hi Gus, we’ve got a proper Mexican standoff going on with hardly anyone selling and the buyers are holding out for stock in the 2’s, with not a lot on offer.
My view is that the massive profits from the oil barons that we have seen this week are adding more wind to our sail and along with the global supply shortage, BP or Shell etc may well throw a billion at us to get our liquid gold out of the ground and into the market.
Almost £7B profit from BP in Q2, F me, what are they waiting for !!!
Happy days and ATB
Hi guys; just looking for some clarity on the subject of LNG as from what I gather we do not have this at all. LNG and gas condensate are not the same thing. Or am I misinformed ?
Our GC is a prized asset, but I do wonder why we get posts about LNG on here.
Any knowledgeable thoughts on this would be appreciated.
Hi guys, good to see you Steptoe and Wraith, I hope all is good.
Speaking of good, that’s really good news about the Falkland’s article in the Times, also shown on my iPad news feed. Happy days indeed and like our longs have noted, it’s just a waiting game now and eyes will definitely be on us ??????
Hi longs, have you noticed the 250k buyer grabbing lumps at around 3.5p ?
Could be our man from Calgary as it’s usually around £9k value and never enough to lift the price.
Or it’s just random investors grabbing a good deal.
Either way it’s good to see :))
Hi Gus, that’s the problem exactly, nothing is happening, other than market conditions.
We’ve got an asset that is very probably worth billions and it’s not like we’re making more oil and gas, what we have is all we have. One of us will be hanging around another 50 million years for our remains to produce more,
so it’s now or never.
ATB
It’s safe to say we’ve settled in the 4-5p range alright. Which isn’t too shabby as my break even is 4.5p
There’s the square route of f’all happening here today, but I do like the look of that step up on todays activity. Although it hasn’t made any difference to the activity, so what’s next ?
Hi all, I’m as busy a s a fiddlers elbow just now so a quick comment from me on the annual results.
My view is that the overall update has been framed as positive steps being taken. What’s even more telling us what they haven’t said. The farm out line was basically ongoing. If it wasn’t progressing they would have said a lot more, check last years update as a comparison.
As noted by Gus, a farm in etc will have its own rns.
Also, there’s no doubt an nda will be in place with whoever we are talking too so all things considered I’m happy with todays update.
ATB