Member Info for Fostany99

Some of the sells are clearly buys as the price I.e the 3.11 buys

But this doesn’t mean just another farm out — in the end of year review under Going Concern they list two other options - the sale of asserts or capital markets (not ideal) - it only needs to satisfy OilLR it can raise the rest of the capital

Why would the deal not be done — the rns states the completion date is 30th June (not by)— so what is there to update earlier. And why expect an update earlier? The first completion date was 15th April and two weeks before they issued an RNS to notify of a delay on 30th March? — wouldn’t we have expected an update much sooner if the deal was going to be delayed?

I hope your right...I’m aware of the other assets and Asher has quoted 2025 oil prices In his updated so presumably some of these are far more long term

I am holding here and I do agree if they can get the Cameroon deal over the line this has the potential to to transform the business.....as you have said the next couple of weeks we will know more

Also a holder almost 2m shares - agree that a deal is looking unlikely — I think the spread is due to the uncertainty and MMs protecting themselves hence not following the oil priceIMO the force majeure is still in place and the next update would be when this is lifted so we know when the contract is up.Reading through the lines of the update there is no second partner as of yet and why leave till the last minute to announce — yes he said weeks but he also said monthsThe next risk is another placing surely the longer this goes on without a confirmed deal?

I think Pension deficit negs and now the biggest weight....Unlikely to pay dividend for some time even if they do survive — I do hold a small amount here though more for long term If they do agree terms with trustees

Surely that’s the RNS we have been waiting for, profit recovering, net debt reduction, volumes remain higher than expected, input costs down (so margin protected) - directors and large institutions buying