Member Info for Espenviking

Agree Gordon, and must admit the fact we’re receiving regular updates is most welcome. Even just to advise things are moving along. No mention either about equipment comes out much higher than anticipated I also see as a positive.

I guess you could view it like that. I didn’t expect much upwards movement for an interim update just confirming it’s moving forward. So I guess it’s somewhat down to expectations. I was however also thinking of where the SP was yesterday at some point.

Perhaps one could say “lack of reaction “ of that sits better?

I’d say that update on JV was pretty much exactly what was expected, nothing more - nothing less. Encouraging, to see plural used. Onwards and upwards.

Re ASX, I’d assume that by selling on a foreign exchange the associated fees involved in many cases will outweigh some or all of the difference in prices, hence probably why such a large sell-off yesterday on ASX. Time will tell, all a necessary step at end of the day.

Nice reaction to update in SP this morning.

Onwards and upwards.

Good call out Gordon. Potentially a considerable amount of time could have been saved if they had assumed it would be the case. I’m not sure if they first wanted to try without, to avoid potentially spending money that possibly wouldn’t have to be spent. Guess we won’t find, let’s cross fingers pump procurement/installation won’t take too
Long at that it will indeed resolve the current issues.

Agree Gordon, I didn’t intend to direct it at you directly. Apologies for coming across in that way. I recall you did say that, to which I didn’t object. I do think it was given away when they changed from saying “Q1 23” to “23” only some time back.

Gordon, think we all feel some level of frustration with the repeated shifting of dates. And yes, in hindsight perhaps they should have anticipated better the high level of condensate with all the seismic data they have got on the reservoir. I recently spent a large part of a weekend looking up other farm-out deals as well as trying to build a revised timeline based upon experience to date, for the activities that still has to be accomplished. I think it’s key to try and apply your own logic as best as possible, rather than take everything at face value. Q1 isn’t any longer realistic in my view (only a hopeful timeline), but always happy to be proven wrong of course. If they can continue to resolve it all, with steady progress and get to break even with existing assets, I’m quite happy stay invested.

Seeing the 70k was for first month of the quarter, bodes well for full quarter results. Seeing this clearly has happened in the background since a while, makes you wonder if they have other items as well up their sleeve..

Absolutely

Must admit I had anticipated an update on JV progress, however I suppose it makes sense to let the dust settle from the delisting RNS. Believe we would want one within next couple of weeks though. Anyhow, great to have this week’s rns out in the open, as without doubt key step to simplify the corporate structure, key for attracting jv interest.

Clarification out, all as most had expected it seems. Strategic reasons and cost optimisation .

Sausage, it wasn’t me those buys. Someone else must be hungry for some shares

Echo that, in my view seems likely to be a positive change for the longer run. Might be tempted to top up a little even.

https://www2.asx.com.au/content/dam/asx/rules-guidance-notes-waivers/asx-listing-rules/rules/Chapter17.pdf

If so sausage I see it as a further opportunity to get in at a low price. I assume this is all about reducing costs, seeing the low volume on ASX. Perhaps why they some time back also offered to buy back the shares from small holders on ASX.

Agree Gordon, nothing we didn’t anticipate I’d say. Nice to see word “significantly” used in update and “within existing budget”.

One would like to think that by end of next week at latest we’re due an update, as will be six weeks + since JV process kicked off formally

Let’s allow Roland & team to progress further.
If we can get to 0.7 flow upon removal of condensate and open up further zones most opex spend should be covered. Alternatively an update on JV interest/non-binding offers should help us.

Republic holding must be stable as not been any TR-1, which should be issued for any percentage crossing up or down.

Yes Alan..

C2, so what do you see the company being sold for? Bearing in mind current mcap?