RNS11 Jul 2025 07:50
Not posted for a while. Clearly differing opinions and a sensible move to take things to the next phase which will inevitably create some dilution although that will be short lived as existing and new investors seize the opportunity to buy in lower.
If anything this is moving nicely forward and with renewables in the play now, things are stabilising, Petrovis increasing its’ investment plus the BoDs.
It’s never pretty raising fresh capital but when partners are playing hardball, it makes sense to move to the next phase and prove the value of the underlying oil prospects at the various field locations.
People will vary in their opinion and views which is fine but for me, the long term prospects are worth the patience. I WILL BE BUYING MORE THIS MORNING.
BRV Capricorn