Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Bigger sells than buys.
2021-07-02 10:21:34 25.00 250,000 £62,500
2021-07-02 10:26:08 24.75 500,000 £123,750
Concerning at this stage of the drill particularly as the contractors have agreed to partial payment in shares and they're the people in the know!
Well let's hope my cynicism is incorrect and we strike the Motherload!
Listening again though, he also refers to the 'basin' as an entirety, almost as if to say 'if we don't hit here we know we'll hit elsewhere in the basin'. I guess by that he's inferring the helium shows at 70 seeped from elsewhere and we'll crack on here for now but ready to try elsewhere later.
Seriously hope I'm absolutely wrong!
BUT it doesn't add up that David will be shouting out about helium shows at 70m but then deeper down not shouting out any more about further helium shows.
IMO he remains bullish about target depth but is not letting us know about lack of further shows to current depth.
Incoming!!!
Fingers crossed for a better result than the first drill of the current 3 well drill program
Bulletwood-1 Results
Thu, 4th Mar 2021 07:00
RNS Number : 1065R
Westmount Energy Limited
4th March 2021
WESTMOUNT ENERGY LIMITED
("Westmount" or the "Company")
Bulletwood-1 Results
Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF), the AIM-quoted oil and gas investing company focussed on the Guyana-Suriname Basin reports that, further to its announcement on 2 March 2021, it has received a shareholder communication from its investee company, JHI Associates Inc. ("JHI"), which confirms that the first well on the Canje Block, Bulletwood-1, was safely drilled in 2,846 meters of water by the Stena Carron drillship to its planned target depth of 6,690 meters. The well encountered quality reservoirs but non-commercial hydrocarbons1,2.
Data collection at Bulletwood-1 confirms the presence of the Guyana-Suriname Basin petroleum system and the potential prospectivity of the Canje Block. Bulletwood-1 is the first of three wells scheduled to be drilled on the block in 2021 with drilling of the independent prospects Jabillo-1 and Sapote-1 to follow over the coming months1.
Westmount holds an indirect interest in the Canje Block as a result of its circa 7.7% interest in the issued share capital of JHI3. Following a 2018 farm-out to Total, JHI is carried for the drilling of up to four wells, including Bulletwood-1, and is funded for the drilling of ...
Still heavily invested but am growing a little weary on lack of news about the investment bank.
Appears to me that the proposed investment bank are playing a deceitful game in moving goalposts as they see fit, albeit behind closed doors of course and not for public consumption.
No investment bank and Syme will take much longer to develop and prosper via alternate funding.
Investment bank know this and are playing a game IMO.
Yes you're all most likely right.
Did the Amigo QC at any point in time yesterday allude to what so many on here have pointed out about the FCA's arguably manipulative actions?
If so, I must have missed it.
Did the Amigo QC point out to the judge that raising cash through debt for equity (which would already be at a decimated share price) would be like robbing Peter to pay Paul?
Anybody can give me the judges email address?
I am pretty sure he needs a detailed explanation of the absolute deceitful way the FCA have manipulated this case.
They have enticed countless 1000s of private investors and possibly II too into buying and vastly inflating the share price after announcing the wouldn't oppose the scheme in court while behind the scenes preparing a vehement attack plan against it all along.
If the judge goes along with their debt for equity plan it will be Private Investors who have only recently purchased who will bear the brunt of this decision. It would be like robbing Peter to pay Paul.
FCA so totally deceitful in their words and actions.
About the rather large hint in the RNS about financing (share dilution most likely IMO) being needed soon.
I wonder how much and at what price. 20% discount?
Sure I get it BUT unless we get a green light from the Irish government it will forever remain gas underground and thus worthless.
T&T enthusiasts - wasn't it mooted on here recently that we only have a 2 year agreement in place? Then what?
I remain firmly convinced, until such time as an RNS says otherwise that by far the largest driver here in the near future (and rightly so) is the Moroccan gas prospects.
Great repeated post, thank you. Perhaps you should post it fortnightly as a reminder to new investors of the sheer scale/possibilities of Morocco?
Nice also to put Morocco back on centre stage here. T&T plus Ireland may or may not amount to an awful lot of value. Truth is, at this moment in time we simply don't know so they are pure conjecture.
With the inevitable delay in drilling in Morocco now due to the SDX late start it seems almost inevitable there will be another drift down to 12p or even 11p.
Now that would be a great opportunity another buy in.
Of course, any news on T&T or indeed Ireland could throw a spanner in the works at any time. That's the gamble.
Cluelesstim - are you 90% derisked yet?
Seems a very peculiar time to do so considering the strength of the share recently.
Perhaps you're really looking to increase and attempting to create doubt amongst others?
Good luck with that.