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According to Upstream mag, GALP have increased their resource estimate for Mopane by nearly 60% to 1.4bn bbls.

…..Namibia must be heading up the priority list for the majors, given the continued issues in the Gulf!

Funds are almost always buying and selling a few. They are no more “in the know” than PIs in relation to bids.

?…..another 1% threshold crossed for Bradley Radoff…….now owns over 21%.

That’s a handy position, given the likely timeline for 125/6…..

Same here, phoenixs. My initial investment was made just before Redmile took their initial stake - and the company has since improved the quality and depth of its management out of all recognition.

“ It’s all about what they would find acceptable …thankfully they have been extremely supportive of Scancell”

No they haven’t. They have a very clear focus on making money for themselves….and, coincidentally, for the rest of the shareholders……

Not quite sure why the sudden obsession with take private. That is putting several carts before the horse.

The GT business gives optionality to do deals with just the Glymabs business or just the vaccines business…..or both as a package. Scancell hold those options themselves - they don’t have to do any part of a deal that they don’t think is in shareholders’ interests.

But if there happened to be a deal to sell part and take the rest private, I’m not at all opposed to that - because you can guarantee the private business would be being retained in order to be monetised at a materially better price than the market would give today.

Whenever we look at sector values, it seems very clear that the UK stock market undervalues Scancell very materially - so I’ve no doubt the Board is working on ways to eliminate the gap between the industry market and the stock market……and I don’t think we have long to wait for some clues on the direction of tracel.

Have a look/listen at the presentation. Realisations in 2025 were much lower than in 2024……but the realisations for 2026 will be materially higher, especially with production gains on top of the price move. Important well results due in four weeks time that will have a biggish impact on production rates and reserves.

Egypt should be up to date with payments by the end of Q2 (according to Egypt!) and they plainly have several parties in the process for 125/6 that may lead to a well in early 2027? That is the potential game-changer for me…..(and has been for many years!🤨).

I don’t think any bid would be considered for a nanosecond anywhere near current prices.

Harley,

Has to be firm by 5pm next Tuesday - or it won’t be happening.

That doesn’t preclude any other party making an offer though….

…so……next month then, it seems.

Whilst it is frustrating to wait, I’d rather wait than see deals done on the wrong terms, especially as existing data continues to mature. Meanwhile those who were happily accumulating at 13.5p can thank Trump and Iran for creating a discount for them.

Lets be clear. The Iran war adds a new level of uncertainty to the decisions about partners, prices, plans and practicality. In particular, I’d guess it favours larger, cashed-up partners and the more straightforward deals to execute.

But what that means, I have no idea. 🤷‍♂️

Pharos Energy (PHAR) operates a sustainable dividend policy initiated in 2022, designed to return at least 10% of Operating Cash Flow (OCF) to shareholders annually. The payout is structured in two tranches (interim and final) to provide consistent returns while maintaining balance sheet strength through assets in Vietnam and Egypt.

So……if they have planned their budgets on operating cashflow expectations centred on the oil prices as they were prewar, then every $10 price rise in the 2026 average should lead to $1 extra per barrel to be dividended out to shareholders next year. If current prices become the average for the rest of 2026, that may be up to $50mn extra in gross revenue for 2026 - leading to a material dividend uplift, even if they don’t pay a special dividend.

Thanks tf. Yes that is my read too. Shortages all over the place seem likely in a few weeks, with the oil price just under $120. Booked again for next year already - though heaven knows what the flights will cost by that time! Hopefully Inanaco will be resident in his mansion by then…..😉

Might be quite a good time for some news from Scancell - not everyone can buy oil or defence stocks……

There will be big changes to where the oil industry focuses its exploration and development efforts, with most of the Gulf production looking likely to be offline as oil prices make new records (likely in the region of $200 a barrel)…….and West Africa (due to political stability and accessibility to both USA and Europe) looks a very clear favourite.

Namibian assets will be getting a massive boost when that sinks in and we start seeing real money deals get done.

Yup. That sound probable, thanks…..

Not sure about that but next week will be the start of the panic and Brent will probably top $120. Every chance it will go much higher from there - and there is absolutely no reason for ANY oil producers’ shares to be trading less than the (pre-war] estimated NAV.

It would be a good time to announce a partner to drill 125 too……

Noisy above GoT today, tf? Pattaya direction? I see nothing from here….

Correct.

It is all pointless at this precise juncture. The company is up for sale and a minimum price has been established, with a bidder who is plainly trying to buy cheaply. This is the point where we find out whether Cronin is smarter than most think or not - and whether there is a buyer for “world class” IoT tech who would pay the sort of money that shareholders would recognise as reasonable.

If he fails to find another bidder and recommends rolling over at 10.44p, then fireworks would be expected - not least from John Stamp and probably Miton. But I am content not to prejudge.

Just on your query, vas, the simple explanation is that there is nothing to move the share price day to day. Since the Iran action started, the oil and defence stocks in my portfolio have mostly been up or down by 2% to 8% nearly every day. Everything else has generally been subject to gentle selling pressure as people try to work out how to deal with the uncertainty.

Traders are mostly interested in the obvious news stories and, whilst we’re all here because we see the coming news as obvious, there are many stocks which have much more predictable events and timing of movement. Meanwhile the parties interested in accumulating are operating over a timeframe that doesn’t force them into the market daily. Nobody is expecting peace to break out over the weekend, so why chase it on a low volume Friday (which comes with an extra two days of war event risk too)?

The risk of ANY medical story making it onto the front pages right now is tiny,