I still don't understand how the exploration licence has been extended for a year but we can't explore until production licence has been awarded. That doesn't seem logical. Also how can we apply for production licence when er haven't managed to flow any deeps for long enough to prove that they are commercial. it's not stacking up to me. I am either very thick or lacking understanding. Whatever happens I am not selling until something transpires and hopefully the share price hits some potential value. If it goes bust which I don't see is possible then I will take the loss. I am here for a reasonable share price whether that be 10p or multiples of that. I do believe if it gets to 10p then it has the potential to get much higher.
I have been here 10 years plus and will just ride it out. However still confused as I say reference the licences. Oh and why has it taken over a year to approve the takeover on the B wells. Two new ones drilled and waiting to test. What is the hold up?
Yes I think so Mike. I just hope something good starts to happen soon. We can't keep waiting for next year. At some point they must make a serious effort on the deeps. It makes me wonder if the licences have been delayed if it's because they don't have the money until sale of the shallows. Who knows?? Do you have to pay for licences?
What I don't understand is they say exploration licence has been extended for another year, but they can't explore or do anything until production licence has been awarded. I am left confused.