Member Info for Caravanboy

He has gone. And the asset will be sold to the company that has given the placing. Hence the premium. Imo.

PetroNor agreed to acquire Panoro's interest in OML 113 for an upfront consideration of USD 10 million, with a contingent consideration of up to USD 16.67 million based on future gas production volumes. Following completion, PetroNor holds a 6.502% participating interest, with 16.255% cost bearing interest, representing an economic interest of 12.1913% in OML 113.



Osamede Okhomina, CEO of ADM Energy, said: "The conclusion of PetroNor's acquisition of Panoro's interest in OML 113 marks a significant event for the Joint Venture as it now allows us to further concentrate on accelerating the development plans for Aje. PetroNor's decision to acquire a stake in the Aje field is a strong endorsement of the quality and considerable potential of the asset and we look forward to working with them to take Aje to the next stage."

And done a placing at 1.2 pps. With a further credit facility of quarter of a million. They got there eye on something for sure.

They have just lifted over 8000 boe. And are partners in a huge gas feild. Wow.

Ha ha. And from the rns more to come this year

Can’t buy but can sell easy. It’s nailed on. Yea.

I think the last rns says it all. Just need the cleanup done and this will be off to the races.

Had to buy in two trades. Says it all. Any positive news and this will move big. Had a good read up and this is very interesting stock. And seriously undervalued at the moment. Gla

I think we will find out soon enough. Gla

Hits. He didn’t chose to sell. He had to. Big difference. He sold at a premium as well. Ha ha like the pun. Can’t wait for the side track rns. Anytime now really. Going to be a very interesting time for Angs. Gla

This should really move now and hold gains IMO. Back to 3p anyone.

Good to know the only reason for the sale was cash calls. There is a significant amount of confidence in that rns. Paul should hold these and not need to sell. I like that. Gla

The spud rns will be with us shortly. I thought yesterday. But thinking may be today we will see the sp plus ten percent. Before the rns. Like last time. Gla. Will it hold. I think it will.

And I am not talking for tea. Ha ha. Amazing updates lately. I think we may get another today. But a official one. Gla

Now I have to agree. No red dot as yet. May be a interesting morning. Gla

Morning

Hopefully drill in the ground rns 7am. With a little update on flows and revenue. Will make for a fantastic Friday. Gla.

Hope not. But could do. Tomorrow morning would be fantastic. Don’t ever see much positive on a Friday. Gla

Good morning Neil. Did as I said a would and let mine go at a small profit. Will be keeping a eye. Gla.

That’s why there was a seven million buy. They knew. Cheeky