Member Info for E_AL

Of course it was a manufactured drop, shorters need to close hence the buy : sell volumes:

"# Trades 13,465

Vol. Sold 6,136,969
Sold Value £8m

Vol. Bought 15,661,090
Bought Value £19m"

Petrofac

The SFO has said that a former employee of a PFC subsidiary has admitted ‘additional charges’ under the UK Bribery Act and relate to three historic contract awards in the UAE in 2013 and 2014. PFC confirm that no charges have been brought against any Group company or other officers or employees. Indeed no current Board member of PFC is alleged to have been involved.

Petrofac have correctly bent over backwards to assist the SFO who have taken a very long time to announce these findings. If ever there was a time where former employees and particularly of subsidiaries are being tied back to the performance of the parent company being given more bang for their buck this is is.

https://www.malcysblog.com/2021/01/oil-price-natural-gas-petrofac-and-finally/

Seller is out

"This price level is an assault on long term holders.
Seriously undervalued. Hopefully it will re-rate soon. All we can do is wait and hold."

Did anyone try to ring the company or Walbrook?

Omega Diagnostics Group PLC - Tel: 01259 763 030
Walbrook PR Limited - Tel: 020 7933 8780 or omega@walbrookpr.com
Paul McManus Mob: 07980 541 893
Lianne Cawthorne Mob: 07584 391 303

"The only problem here is the investors... or the lack of them.
People cannot hold on the stock longer than 5 min."

Because we dont have any clue about the commercial side of the business. Apart from a single contract awarded to the UK-RTC months ago no one knows if Omega secured any new deal since. They need to demonstrate to the market that there is a demand for their testing kits (Similar to NCYT)

Another chunky top up from me :)

Can't buy a bean on HL atm

Very encouraging interview I must say!

"@SupplyMECapital: Interview with @proactive_UK rescheduled on 5 January 2021. Happy new year! "

https://twitter.com/SupplyMECapital/status/1344641362113798146

Mine was ****ty HL.........

"No fiction my friend, see ADVN as transactions did go through at 0.47p, all buys (mine included). GL."

I tried countless times to buy any available £1K-£20K worth of shares under 0.485 with no luck ..........

I cant buy £100 worth of SYME, let alone £15k :(

Jake, I never used definitely or definitive in my post:

"both bonds and government decision are EXPECTED in January"

In my opinion the Irish government has no other choice but to approve the farm out deal soon. Currently, the country imports 100% of its hydrocarbon needs so this project will provide energy independence, adds new tax income to the Irish treasury & provides hundreds of jobs in such unprecedented times to address the youth unemployment crisis!

Ireland has one only oil refinery which is an important piece of infrastructure from the point of view of Irish energy security. It is located at Whitegate [OPPOSITE TO BARRYROE FIELD] and Providence Resources formal director has indicated that a pipeline with a fixed platform is the most likely option to be employed to deliver Barryroe’s oil & gas to the Irish refinery.

Oil continues to be the dominant energy source for Ireland and maintained a 49% share of total primary energy in 2019. Natural gas use increased by 2.0% in 2019, and its share of total primary energy increased to 31%.

Similar to every country around the world, Ireland will be heavily in debt and under a great finical pressure next year so I believe the Irish energy sector desperately need this project up and running in the near future.

Jake,

Providence & SpotOn are planning to “go to the market ‘very very’ early in the new year” according to the CEO:

Funding interview with Alan Linn (Dec 2020): https://streamable.com/ueix7k

As for the governmental approval:

“ A deal to farm out a stake in the field off the Cork coast requires approval from the Minister for Environment and Climate

Eamon Ryan will consider a licence application for the Barryroe oil and gas field “within the relevant regulatory and policy context”, his department has said”

13 Dec 2020
https://www.businesspost.ie/energy/ryan-set-to-consider-barryroe-oil-and-gas-field-licence-bid-3c97fe47

Amran, both bonds and government decision are expected in January.

PVR & LOGP sp tend to move on small volumes so as you said I’m expecting to see LOGP & PVR testing 2p & 6p on the next positive update

“@Battle: If we get the bond away and government approval I imagine that you would see at least 4 pence for Lansdowne and 12 pence for Providence“

I totally agree, in the farm out agreement Providence granted SpotOn warrants @ € 0.17 so they are expecting the sp to go higher than €0.17 which I think is triple today’s sp on the Irish exchange

“ SPOTON ENERGY WILL BE GRANTED WARRANTS WITH THE RIGHT TO SUBSCRIBE FOR 60 MILLION PROVIDENCE SHARES AT €0.17 PER SHARE FOLLOWING THE FIRST COMMERCIAL PRODUCTION LIFTING OF OIL FROM THE FIELD.”

Cant buy a bean at the moment!

Is Trevor out???

Nice buying pressure on the L2

Third day in a row, a chunky after hours buy:

17:05:28
4.75
520,000
£24.70k