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I think they are better off than the net debt looks. Another lifting is due this month. Also when the ETU agreement is finalized they will get another 800 (approx) bls a day dated back to 31/12/23. That would be around 700,000 which would be cash in hand even at an average $70 a bbl.

I think they are better off than the net debt looks. Another lifting is due this month. Also when the ETU agreement is finalized they will get another 800 (approx) bls a day dated back to 31/12/23. That would be around 700,000 which would be cash in hand even at an average $70 a bbl.

At the moment the Shares are just an afterthought. Its the premium shares that will have value when there is a discission in the court case.

At the moment the US assets are peanuts compared to the gamble on the court case.

The premium shares are not sold with the shares and at the moment have no price.

When any money of significance (up to 600 million) then the company will have 10 percent of that to invest and will become significant.

The auditors have made the point that they cannot sign on the statement for 2024.

However the signed for 2023 and the new CFO found errors if the report for 2023. There is no explanation why they signed incorrect accounts and why they are still the auditors.

It seems there should be some compensation for there failure and we can assume that they refused to sign because they messed up.

Seems that the RNS that said they will update every quarter has been forgotten.

Does anyone think that the vote will not pass?

The share price seems to say that it will not as 25p is a guarantee so why would you sell for less.

They said they had 70 percent tied up and only need another 5 percent.

The discussions seem to ignore the fact that the transporting by barge is very limited when the river is low. Having a pipeline will mean that the production can be increased during the months when the river is low.

Transport via the pipeline needs to be high enough to keep Petroperu happy.

Wobble , I just reviewed the presentation from December 2024 . The Appendix is all about the Helium. Searching for the Lisbon plant gave 2 other updates which showed an offtake agreement from June 2024 and a report from Four Corners Helium which discussed using the plant in December 2024.

I now have 2 sets of shared. The first for 49 percent and now the second for 41 percent. Is this saying we get 90 percent or does the 41 percent replace the 49 percent or in a mor complicated situation is the 41 percent based on the 51 percent not covered originally?

They do not need to have a special dividend but make is a capital return and then exchange the existing shares for fewer shares. If they give 1 share for every 3 that would reduce the amount of shares and keep the value of the share.

Sturm can you explain why buybacks will increase market cap as this implies that buy backs increase asset value.

I can understand that the fewer shares will increase the dividend , but to increase by 1 percent they need to reduce shares by 1 percent or over 9 million and that will take nearly 2 years at the current rate.

I think market cap will increase with increases in P1 and P2 reserves which will probably happen with the drills in 131 and planned drills in 2026 in the other areas in 95.

Daniscp: I assume you are taking the amount after tax. 750 million shares and 128 million gives 17p per share. There is also possibility of another 3p.

I do not understand the low value of the share as removing the 17 p gives the share a value of just 10p.

Sailplane: Why when I go to the link does it show 453806 in December and average 20628 BOPD for December. Is the report compiled daily and what I see is for 22 days?

If that is the case then over 5 days (18-22) the average has increased by about 550 a day so the present production is way above the previous average.

Anyone fine the site internet site for American Helium?

Anyone know what's going on with the original helium investment?

Was credited this morning

Eifteastafrica - did you notice the interesting line that said Lawyers Fees for ongoing and new deals.

One worry. The RNS says "when we are at DCQ" this implies they are not always at DCQ. But does not say why and how often.

Also they say that Montara well is the main activity for 2025. Hope there is a lot more activity.

You ignored the word s "in excess" in your comment of EBITDA. They have kept the dividend the same and hopefully full year will be the same or increase.

Wiseowl . If you check the first half payment was amount of 65 million so they second half of 18.8 million means an improvement of 40 million.

I think a better question would be is to ask why with 3 new wells since the half year results has the share price dropped.

This is adding about 4000 barrels a day so price should be going up not down.