RE: Proposed Placing and Subscription to raise $18.5m26 Jul 2024 13:29
Not looked into the US IPO, to see where they would be listed, remember He1's listing, nothing more than overseas PR
But look at the announcement , June 14th, probably why the price dropped from 29p to 20p, anticipation of funding, so probably a fair chance of an excellent return.. Probably too early for some to get in.. and still the threat they pull another surprise raise to find the rest especially if these flip easily
" Interim funding - the Company estimates the funding up until the point of Ahpun FID (referred to above) is in the range US$60 - US$85 million. This includes costs required to complete the Environmental Impact Statement ("EIS"), G&A, US IPO preparation costs, hot-tap into the TAPS pipeline, as well as the cost of drilling and testing the planned Megrez-1 well to assess the Ahpun East project area which the Company estimates to contain a Prospective Resource of c. 609 million barrels ("mmbbl") of marketable liquids. At the upper end of the range this would also include the cost of drilling and testing an additional Ahpun appraisal well if required."