RE: GRH and Sefton27 Sep 2021 19:03
Glad to see our resident little troll Nigel hemorrhoids return if he keeps taking that cream he may start feeling a little better about himself.
Capital markets are there hemorrhoids to allow capital from investors to be invested in a particular outlay if and when you need it. With potentially billions sitting in the ground, in Morocco confirmed after the RNS's, if a placing occurs it will be used to bring our goods to market at a much speedier rate.
PG can use JV's which he has always planned for to invest in this project. With Lonny who is a Morocco market veteran there are a variety of pathways to realise the project, that are positive to investors. If a placing occurs it occurs what matters is the drill hitting the ground and the reserves being proved. There are multiples on multiples on success.
With gas in Morocco sold at a premium to spot and the outlay being a scintilla of possible reserves the guys here take our chances.
You can lose everything in oil and gas and you must invest accordingly.
Nigel still has not elucidated us on his particular oil and gas engineering background. We're still waiting Hemorrhoids....