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Hedging finished now. FCF $41m this quarter on $2700 gold. $1800 margin. Next quarter we are looking at $2400 margins and $60m of FCF.

Mine life will clearly be extended at mine.

All looking v good

I am feeling v bullish about this stock. Contracts incoming/about to start and finally has a 'fairy godmother' backer which stops any discounted financings.

All ticking along very nicely. New MSC, Martyn's law, strong backing, no overhang. Is it finally our time?

We were heading for £1 back in the day. With all the dilution 10p is not out of sight. Recurring revenues from multiple projects, a lot of quality contracts in the developed world to boot.

We have 46 degree light oil. Not gas.

Once we the churn from the placement is out of the way, this will trend higher. RKH will hopefully get FID later this year......and then the Falkland Isles will be everywhere. BOR is the only other play (and I believe it has a better discovered asset and has huge upside on everything else)

No it won't , you are conflating different things. This was a face saving exercise for the locals, all good now. Over and done with

The Falkland Islands is back. Navitas and Rockhopper. Borders and Sothern and who knows?

The raising was over 200% higher than the one in the autumn.

Navitas raised a bond before Xmas in Tel Aviv. Rockhopper was front and centre in the discussions. Hence Israeli buyers have been all over `Rockhopper ever since.

Rockhopper has heavy,viscous oil, hard to get out of the ground.

Borders and Southern has very light crude that will flow easily. It is a huge disovery with a less than 2 year pay back. And they have multiple other assets in their Falkland Island portfolio.

We have a very well respected company running the farm out process. I gather they are doing this purely on a success fee....! Shows some confidnece.

The placing was heavily over subscribed, 50% haircuts across the board for those institutions bidding to take part. I'm sure the retail allocation will be v popular as well.

The SP is reacting well to the placing.

The company has over two years runway now and, more importantly, enough cash in the bank to get the right partner and the right deal, not just the first one that comes along.

I haven't invested in The Falkland Islands for ten years, I have now. I love the fact that they don't fall under HMRG taxation rules, gives them a huge advantage over all the North Sea players.

I have been going over the data from the last RNS again.

It is really important to remember that every exploration well and the following appraisal wells are verticals. They are intended to get as much data as possible to help them define the development plans, hence AB2 and AB3 were at the northern and southern ends of the interpreted structure.

This is likely to repeat on the 2/3 other exploration campaigns later in the year.

Bear points,

1/. AB1 production has come of loads following a week long shut in. 329 bopd net to 130 net. 10 month pay back is longer than we have come to enjoy.

2/. AB2 has intially failed as a producer but has provided much needed intel. on the field and could be re-completed in another zone but probably will be used as a water injector

Bull points

1/. Production hasn't declined too much in january...particularly when you consider AB1 first flush was part of December production and was shut in for much of January whilst the other wells were drilled

2/. AB3 was in the south...there are hopes that Alberta and Carrizales Norte link up...encouraging signs.

3/. Cash growth in one month from $19m to $22m is great.

4/. There will be yet more additions to reserves though Albrta wont feature in the Febuary/March reserves update.

5/. They are happy enough with what they have learnt at Alberta to go to horizontals and make more cellars.

6/. Second rig in Q2 and we move to quarterly numbers which might not please retail news junkies but is the right move IMHO. There must be 20 producing wells now and 20 more coming on this year. Quarterlies is a fair reflection on progress. I also expect them to RNS all the exploration wells this year as they are significant. Individual development wells are not any more as we are producing so much oil.

Block buying continues in the 9s. I expect to see another TR1 from Morgan Stanley before too long. North American buyers following Charleston Energy into another potential ten bagger North Atlantic margin play.

The OFF-1 deal is a company maker on its own. Read through value of 25p makes this a no brainer at 10p. Chevron has done 100 times ore due diligence than any individual could posiibly do.

OFF-3 is already covered in $40m worth of 3D seismics. We are siply re-processing it, applying some modern techniques that were so successful in the Orange Basin. The CEO has stated he expects to land a siilar or better deal than he got on OFF-1. That should give us a read through value of 50p.

Retaing a 40% stake is just incredibly good business. It gives management so many options when it coes to drilling in 2027.

OFF-1 seismics to be shot and processed this year

OFF-3 Seismic re-processing and straight into farm out by year end

drilling decisions in 2026 on both blocks, further farm outs by Challenger, two wells in 2027.

Investors will be all over this in 2026 as we approach drilling. I expect the SP to be 30p plus pre-drilling, an opportunity to de-risk and carry whatever you feel comfortable with into the drills.

I have a similar approach on Eco oil and gas, another highly prospective Atlantic margin play with drilling coming up this year.

Always do your own research, own your decisions.

Last autumn there was great RNS re. development and a quote from some government guy that they were going to build the pipe and it was going to happen within 6 months . If I have got any details wrong `I am v happy to be corrected.

Has anyone seen any evidence of this pipeline being built. or even started to be built?

Block buyer continues to mop up. Not surprising as the read through value according to Chevron, the second biggest oil company in the world is 25.9p....and that is just for OFF-1 . Off-3 expected to get a similar or better deal...so 50p. Then a 2/3p for legacy assets. I think we will be trading 20-30p by year end. Charleston Energy is all over this, Morgan Stanley buying on market, the CEO has bought over 6% over the past year or two. The next three years looks set fair. So good to have a cash position which will last 4 years and will be added to on the next farm out.

Https://arrowexploration.ca/wp-content/uploads/2025/01/Arrow-Corporate-Presentation-Jan-2025.pdf

Reads v well

It's a great contract to have. Blue chip, developed world, plenty more to come.

Bought in

Val has just signed a deal with a Nasdaq listed company. Has a potential read through for PYC

https://www.einpresswire.com/article/772856844/theoremrx-inc-enters-into-agreement-for-a-proposed-transaction

From 2021 agreement with VAL

Physiomics will receive a fee (capped at £6m) of 6% of any future net revenues that may be received by ValiRx relating to its commercialisation of VAL201 and its derivatives in any indication, including prostate cancer, endometriosis and treatment for Coronavirus infection.

NASDAQ partner.

https://www.einpresswire.com/article/772856844/theoremrx-inc-enters-into-agreement-for-a-proposed-transaction

The LOI between TheoremRx and the NASDAQ-listed company follows an extension of the license agreement between TheoremRx and ValiRx Plc (AIM: VAL) on VAL-201, and an expansion of their partnership.

Is there any evidence out there of this pipeline having been built or at least started to be built? I can't find anything

Low season cpo numbers poor but luckily not material as low season.

Pricing has finally shifted 770 Q3 to 968 in November. Brilliant coming into high season in Q1 2025.

Cashews looking like they are finally going to make some money.

Hopefully the turnaround story for 2025

Looks like 'Misty and the gang' (popular 70's soul band) are loading up......

Thank you. Happy to wait for at least the first two to pass.

Blanchflower; Enjoy your posts. Any thoughts as to what expect? The shape of any incoming deals?