RE: RNS12 May 2025 17:26
You are certainly making yourself look like a clown Santiagooooo! No one else is doing it to you.
Why did the company waste an RNA? There was nothing left to go in it today. It had to be notified to the market TODAY. now that the resolutions are passed the process of drawing down the funding will take place, this will not be today, but the process can begin, which we were already told would happen if the resolutions were passed.
Environmentals and Rig booking were mentioned in the RNA, so what else are you expecting to hear, or did you simply not read it?
The passing of the Resolutions provides the Company with the necessary authorities to enable the issue of the Loan Notes and the future grant of Warrants, details of which were set out in the announcement made by the Company on 24 April 2025.
Following the passing of the Resolutions, completion of the Farm-In Agreement with government-owned joint venture partner TIMOR GAP, details of which were announced by the Company on 24 April 2025, remain conditional on the following conditions precedent being: (i) signature of a contract for the use of a drilling rig for the drilling of the Chuditch-2 well; and (ii) approval of the Farm-In Agreement by upstream regulator ANP.
To me, that is the news done for today. I am aware that the company will be drawing the funding, awaiting the environmental approval, whilst finalising the rig booking.
and it is for that reason, that you are making yourself look like a Clown 🤡 Honk! Honk!