Member Info for CharlesTheroux

I believe the market conditions reference relates to the cost of capital issue that non-income generating companies, such as PRD, find themselves in. this will make negotiations for off-take more challenging, and lead to larger share dilutions. Think about it, how would you manage your negotiation with PRD? time is not on their side. they need revenue ASAP or face further dilution, at increasingly expensive rates due to interest rates.

In the current market conditions, if you are into small caps, it is crucial to invest companies that have sustainable income but with growth opportunities. SOUC being one such company that I am invested in.

Let's be honest, the decision to postpone flow testing stinks. ask yourself, what have you been waiting for with this drill? proof of commerciality!

is that £1.50 market cap?

Any gain from the diamonds will soon be squandered paying AP's huge salary and that of the other cronies. If he really believed in Vast he would accept payment in shares rather than constantly diluting holders.

I hope those that lost money make it back and cash it in. leaving the money in vast is simply too risky based on historical performance of the management.

88e have worked to finer margins when it came to scheduling drills.

I would like to add that is where the comparison ends!

I think the value of shares purchased vs remuneration package is an important consideration when determining how much skin in the game Directors have. Not sure of details for vast but would be interested to know

Yahoo states these will be published today. Has a date been announced by IOG?

Agree, but great if they believe they're sustainable business at 60p a therm. Therefore A long term buy and hold imo

Thanks Pete. Grateful for the correction

Must correct you. CH1 is an appraisal, not exploration, well.

Agreed. CRs always bring in new buyers, creating a new floor for the share price and a platform for further share price increase. Especially when we are entering a very news rich period!

https://www.advanceplc.com/investor-relations/research-notes/

On one hand I am bullish that the operator has been willing to accept shares at market price. On the other hand we may have paid over the odds for their services therefore making up the difference for a discounted placing.

B'stards!

Wouldn't want to be out of this over the weekend! ??

Haha!

Not an example of the sophisticated rampers that normally grace the lse boards

Sometimes shares like this are worth popping 1k in and seeing what happens. You coyld end up losing most of it or making an absolute killing.

Definitely not one to bet the house on at this stage!

I was hoping not, I want more shares but cheaper obvs!

they may be high but so are profits. don't take my word for it. look at recent updates.

Regarding chances of success for the different plays in this drill.

https://uk.advfn.com/cmn/fbb/thread.php3?id=45069755

It really isn't that surprising that the oil is heavy. We're very close to Venezuela in which a significant proportion of the oil is heavy or very heavy. Yes, it creates additional issues but well within scope of the oil industry to deal with.

And the Stena Forth was still stationary off the coast of Guyana.....

It's a hold!