Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
And don’t worry about Drilling Costs… Mr Tibs and the Rose tinted crew say it’s a mere $4-6m per Horizontal.. Wouldn’t want them as my Accountant. If it was $4-6m people would be queuing up to get their share at 1-3000bopd each Well. But that’s assuming the Oil jumps out nice and smooth without a hitch. Nice one. $$$ 🤑 As I say … Rose Tinted. The same ones say cash up front from JV. Marvellous.
Agreed Transhaven. I said previously we need Production guidance and we are not getting an RBL when we have no proven history on servicing existing debt. No … No … it’s Reserve based only. Yeah right. We got the Reserves but we ain’t got no RBL have we ? And Hive Podcast agreed with me re No JV is going to pay our debt off. If that should actually happen, then that would be “Amazing”. Indeed it would.
Thank you.
20 Bag. No. 5-9p. Possible if GGS delivers increasing o production over 2/2500bopd long term. However / They got until FEB to deliver. Going to be a Tough Winter. Will play out by March.
I see Ashwaldo fascination with FF continues. How sad at half past ten. Goodness knows what goes off in his head day to day. Be interesting to gain the BOD prospective re the outstanding Bond situation and why we have some cashing in when GGS outcome days away and JV under negotiation. In Art we trust.