Member Info for CrustyPete

That presupposes that Medway remains on HOLD throughout that term. Irony of ironies, I presume that if Roland manages to get some dupe to Farm-In to Medway that would then require ramping up the development and hence the cost? We might only be required to fund 50% of the ongoing costs but that is more than we are currently forking out... how long could we support that without another fund rise? It would certainly foreshorten that time period?

Why will Roland not see that it is a threat to our future and a major drain on shareholder value? One that may never give shareholders a return on their money and certainly very few of us - how many of us will still be shareholders in 10 years time?

Hepseal, thanks for that, it helps to clarify the position. So it will eventually be 16 wells drilled if they get the permission for one new drill.

But that was really no more than a Telegram Pump and Dump was it?! There was never any substance behind it.

Medway CCS will come to our rescue!!

NOT!

If there is to be a takeover the current sp will not be that relevant in my view as it would have to come at a considerable premium and the TG would have to be party to it; so whether the current sp is 1.0p or 1.5p or 2.0p is immaterial.

Oh and by the way the sp price will not be particularly relevant for a JV or Farm-Out in my view as those, typically, do not involve equity; certainly not in "TopCo" - though maybe in the Tanzanian SPV?

I don't think so, no McNol. I just think that we are treading water ahead of further Galactica developments and then eventually the ML, FS and CPR. I cannot believe that the BoD would be doing "deals" without the ammunition they need to be holding all the trump cards.

Each of the recent Well test results from Galactica have caused an incremental and sustained sp rise and I believe we will see the same again for the next 4 (assuming they are similarly successful).

Sorry "has" should have read "hasn't" of course - whoops, just the total reverse!

Change the thread.

If you cannot come up with something more plausible than that old baloney, I suggest you give up; you are making yourself look like the village idiot you are.

You really haven't got a clue what you are talking about STD. Utter tripe.

Roland himself might (I stress might) even believe it himself BUT he has the slightest bit of control over anything Cambay related and so his words are meaningless and cannot be trusted.

Its all those poor sad PIP spongers RJ - they will have to go back to work once Kier and his cronies cut off their beer and crisp money!!

Oh and before anyone says it - NO I don't mean it!

What total nonsense.... what the feck has that got to do with an intermediate RNS?! I suppose you will be telling us that the market thinks she is lying? 😂

What total and absolute drivel.

The "intermediate" J31 RNS on 26th Feb did nothing for the sp and nor was it likely that this would do either - however the TD and "free gas" RNS on March 3rd certainly did have a positive effect and, if we get similar news next Monday(as I expect) it is likely to have a similar outcome. (in my view). And a similar outcome with each subsequent drill; assuming they are equally successful of course.

Really broomtree? And who was really expecting an RNS about completing the intermediate section to do much of anything for the sp? Very few in reality I suggest. Hardly earth shattering news for goodness sake.

I agree Cyrox as I said a week or so ago after the J31 test results:

"Snorebollax is just worried that he is not going to get his target re-entry price! He was after low 0.90's but now seems likely that , if he is to get back in, he will be paying over 1.0p for them.

I think 1.0+p will soon become the "floor", with an incremental rise with each successful drill ion Colorado. Let's hope Jackson 4 runs as smoothly, or even better than "31".

Strangely we haven't heard back for snorebollax - maybe he has admitted defeat now that he isn't going to get back in under 1.0p?

Quite right Chesh, exactly that. And, if the first six over deliver maybe there will be a good surplus too? Here's hoping.

Haven't heard much recently about the CO2 production and monetisation - I would be interested to hear what may be developing on that front sometime soon.

Because Colon not all positive updates are necessarily price sensitive or for that matter price correlated..... and moreover the spread is now as it closed - so actually, status quo.

Got it now, dimwit?

I agree with your interpretation whistler - 6 including ST16; then followed by the 9 subsequent exploration wells = 15 in total.

Not "more likely" - definitely as indeed each of us said.