The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I emailed JMK and asked what was going on with the RTO and here is the reply
Good afternoon.
A draft prospectus has been delivered to FCA. They should review it and give comments when they are ready. However it is never easy dealing with regulators.
When the FCA are happy the prospectus will be released. This will outline the business going forward, valuations, timetable, etc. There will be an accompanying RNS at the same time.
I cannot give you the information until the RNS , etc is issued for obvious reasons. I have all my fingers and toes crossed that it will be this month.
88e 101mc ffs flow rates of 70 bopd
TRP MC2.7M
Highlights
· Flow testing of the Upper SFS (USFS) reservoir confirms light oil discovery at Hickory-1.
· USFS flow rates achieved from low volume frac over small 20ft vertical interval are in line with expectations and results observed from other reservoirs on adjacent acreage.
· USFS test produced at a peak gauge flow rate of over 70 barrels of oil per day (bopd) of light oil. Multiple oil samples recovered, measuring ~40-degree API oil gravity.
Excellent new SPANGEL 6th Dec 2023 research note:
hTTps://www.towerresources.co.uk/wp-content/uploads/2023/12/TRP-2023-12-06-Initiation-Report.pdf
This Tiny AIM Stock Will Make MILLIONS In 2024:
https://www.youtube.com/watch?v=AKOkMdXWLjM
10 Oil and Gas Companies to follow in 2024:
hTTps://total-market-solutions.com/2023/12/10-oil-and-gas-companies-to-follow-in-2024/
New video 21/12/23
David Mirzai, Head of Energy Research, SP Angel on Tower Resources:
https://www.youtube.com/watch?v=LGJPfX7_8Fw
Https://hotcopper.com.au/asx/pcl/
PCL MC157M
has farmed out the lisence to woodside petroleum in the orange basin and retains 20%
just on this alone PCL has a MC157mill
no drilling yet and still todo 3d sismic just shows you how far off the pace the LSE/AIMis
WOODSIDE ENTERS INTO EXCLUSIVE OPTION ON
PANCONTINENTAL’S STRATEGIC DEEP WATER
NAMIBIAN BLOCK PEL 87 PROJECT
Woodside and Pancontinental have signed an Option Deed for Woodside to
enter the deep-water Namibia PEL 87 exploration project
Woodside will fully fund an estimated US$ 35 million, minimum 5,000 sq km 3D
seismic survey and pay Pancontinental US$1.5 million in cash
In exchange for Woodside fully funding the survey Woodside will have an
exclusive option to enter the PEL 87 licence and Joint Venture with 56% and
Operatorship
To ensure Pancontinental retains at least a 20% interest in the project if
Woodside exercises its option, Pancontinental has, for a consideration of
US$1.5 million, entered into an option agreement with Custos Investments
(Pty) Ltd (Custos) to acquire a 1% interest from Custos by paying Custos a
further US$1million
Following exercise by Woodside of its option and completion of its farmin to the
PEL 87 licence, Woodside will drill the first exploration well, through which it
will carry Pancontinental at 20% interest
If the PEL 87 parties elect to drill a second well Pancontinental will have the
right to either fund its 20% interest, or elect to have a 10% interest in the well
carried by Woodside in exchange for transferring an additional 10% interest in
the PEL 87 licence to Woodside
Pancontinental has a “back-up” right to convert its interest to a 1.5%
overriding royalty interest on revenue derived from the sale of oil or gas
produced from PEL 87
Woodside will, on exercising its option, pay Pancontinental a further sum of
approximately US$2.5 million, of which approximately US$1.5 million is for the
reimbursement of a portion of Pancontinental’s past costs