We would love to hear your thoughts about our site and services, please take our survey here.
https://www.vesselfinder.com/vessels/STENA-DON-IMO-8764418-MMSI-232020225
Still at anchor, I guess once the rig moves we’ll be looking at 24-48hrs to spud?
If we tracked off EDR and would have an expectation of 5p without the placing, where do folk expect us to be with a positive outcome from Serenity?
I’m really wanting an exit here, however as we get to my break even I’m starting to question whether or not I’d be jumping the gun by selling, be nice to realise some profit after around 8yrs of pain, even if it’s just savings account rate and to cover account fees incurred over the years…..
Tovoc, similar scenario with one of my other holdings (RKH) in regard to the Italian Government and Ombrina Mare arbitration, case is currently closed and pending a decision and possible award.
Long drawn out process that can get expensive legally, RKH were lucky enough to have the case taken on a no win no fee basis.
I think Ireland would have to completely close the door and remove all potential of development for us to even stand a chance though tbh
Forgive my ignorance, I’ve dialled out of the newsfeed since prior to Serenity and only been monitoring my share dealing account hoping for a rise as the lack of progress both here and elsewhere has been getting me down.
Has a rig been secured for the Serenity drill? Had a quick browse but can’t seem to see confirmation of the drill window or whether the rig has been booked anywhere…..
Totally agree Tovoc, I had my sights firmly on a break even exit after many years sitting on a loss, then they drop a heavily discounted placing into an already undervalued share.
Fair value to the shareholders needs to become a priority. I suppose we’re just a necessary evil at the end of the day, a faceless cash cow….
As a long term holder I would have been happy for the BOD to sit back and maximise Wressle potential whilst building a cash reserve for the next few years whilst waiting for Ireland and Morocco to come in.
Then and only then we could fund such a venture from cash reserves, to fund raise now when such ventures come at a high premium in a high oil price environment is absolutely barmy, too high risk and damaging to the Mcap and long term holders given the catastrophic losses we’ve all encountered.
SO needs to get in front of the camera and justify this…..
Just need this to bag from here to break even and that’s after averaging down 50%.
Nice to see people gaining from the share, hopefully we can build a solid base in the 3’s ready to catapult from on news.
GLA
Mrbobbybee, they “will subscribe” however is that confirmation that the transaction completed?
I’d of expected it to be confirmed in the director dealings or by separate RNS with confirmation of purchase.
I can’t find anything that shows the transaction as completing, no RNS and not listed in director dealings…..
SelfishMcNimby, show me where i can read that….
Far as I’m aware no directors have purchased shares since 10/12/2018.
https://www.lse.co.uk/DirectorsDeals.asp?shareprice=EOG&share=Europa-Oil-and-gas