The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Will have to wait and get more details. Last RTO SharePrice was 0.3p or so and was valuing equity at 2p post RTO. Obviously been working on this for a long time so hope they have a good deal to go ahead with for shareholders.
I’ve a feeling this is about to bounce up. No idea why but wouldn’t be suprised to see another positive twist in the saga for what is left and the listing being kept on by one of the shareholders for a RTO.
Looks like forward selling has begun. 750k at 2.8p taking out most of the buys throughout yesterday. SP angel will be ones putting these through the market.
The 3d printed concrete looks great in black on the pictures.
Probably Lanstead. They had 5m left in April 2022. Not sure if they just clearing their book perhaps?
GSCALE and DSTL came to an end so certain employees were not required anymore.
Of the 93 versarien employed 6 were made redundant due to large projects coming to an end. Not the doomsday some were suggesting…
Also funding is not required for accounts to be signed off. These will be announced within 2 weeks with an update on everything else.
I’m sure the trident viii is being prepared for a different contract. JA did say he expects this contract to be finished by the end of 2022 which he when he expects to start using the trident viii to drill The Njom well. We await the contract news first. One would hope Jeremy will announce that any time now.
Have they got something else lined up too for the funds with the partner?? ‘Or more’
In the meantime the Company is continuing to discuss additional financing options at the asset level, as also disclosed on 29 June 2022, for additional amounts in the US$5-10 million range with various parties, in order to complete the well financing or more.
I sold 20m shares yesterday and the remaining today. Really thought this would have came good. I gave Jeremy 2 years with this and still no deal is completed formally. I decided enough was enough/ it’s always another 6 months, I wish holders all the best.
Shell’s Graff-1 well has made a “significant” discovery offshore Namibia, Reuters has reported citing three industry sources.
The news agency reported that Namibia would make an announcement next week on the results.
The well appears to have discovered two reservoirs. One has at least 60 metres of hydrocarbons, with an estimated 250-300 million barrels of oil equivalent.
Upstream reported earlier in January that Shell had found liquids in the Cretaceous reservoir.
The industry publication cited four sources as saying the Graff-1 had found light oil. It said Shell was focusing on two targets in the Upper Cretaceous sands. The company had found oil in a younger Cenomanian age reservoir.
Shell is drilling the Namibian frontier well with the Valaris DS-10 rig. It began drilling the well, on Block 2913A, on December 8, in around 2,000 metres of water.
Shell is the operator and has a 45% stake in the area, while QatarEnergy (QE) has 45% and Namibia’s state-owned Namcor has 10%. The partners acquired 7,500 square km of 3D seismic offshore Namibia in 2019.
It is not yet clear how much oil Shell would have to discover to make it commercial.
IHS Markit, in a note in December, said Shell needed to find “at least” 210 million barrels of recoverable oil. The consultancy also said that there were more prospects nearby, should Graff be successful.
TotalEnergies is also drilling the Venus-1 well in Namibia’s Orange Basin. The French company began drilling a week before Shell but is thought to be having some difficulties.
The two wells are independent of each other and testing different play concepts.
https://www.energyvoice.com/oilandgas/africa/ep-africa/382500/namibia-shell-graff-reports/