RE: PRD - Summary of Key Information23 Oct 2024 07:31
It seems this excellent thread got hijacked somewhat. Many thanks to BillyRayVal for your in depth summaries. It's worth scrolling back to the beginning of this thread for all the details. Here's a starter:
*😎 General points:
We are now at a CRITICAL STAGE in seeking to establish an uplift in the value of all of our assets and this must be achieved in a CAUTIOUS MANNER to ensure maximum potential to monetise when the time is right and the de-risking of scalable value is complete. [RNS 6/6/24]
The management team has focus and a clear strategy for business development and will continue along that path until our assets reach a stage where near-term production start-up can be delivered as a catalyst for monetisation. [RNS 6/6/24]
At the same time, work continues APACE on the portfolio, with our activities fully funded. [RNS 16/9/24]
Preparing the organisational structure necessary to accelerate the transition to production and a possible future partial divestment and monetisation of discovered gas onshore Morocco. [Interims 25/9/24]
The granting of entry into the First Extension Period of the Guercif Petroleum Agreement was confirmed. [Interims 25/9/24]
The Company believes that indigenous engagement in the onshore areas where it operates can provide solutions that ultimately sees energy assets necessary for securing energy supply security in the hands of local entities with access to funds that can be used to acquire ownership of assets that have been de-risked by skilled operators and prepared for development. [Interims 25/9/24]
Financial discipline has ensured that the Moroccan portfolio of prospects is being explored and developed in a cost-effective manner. This has allowed the Company to maintain an undiluted interest in its assets thereby providing the materiality necessary to ATTRACT LARGER ENTITIES to assist in addressing future monetisation of the assets. [Interims 25/9/24]
SEVERAL ADVISERS have requested to take shares for services to show their alignment with the Company's strategy regarding the near-term drilling of MOU-5 and the assessment of the potential for helium in a large geological structure based on global settings for the presence of helium including, but not limited to, the supergiant Hassi R'Mel gas field in Algeria to the east of Guercif. [RNS 30/9/24]
The Company is delighted to have received an UNSOLICITED proposal from advisers to take shares as a measure of the UNDERSTANDING AND CONFIDENCE that exists in the Company's near-term newsflow activity. [RNS 30/9/24]"
Sign In
Follow the stocks
