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Who is to say that the TRIN SP wouldn't be twice what is now in 6 months time, and require just as much dilution at that point?
I feel PG is in an unenviable position. Folks ask for confirmation of licence paperwork, which is provided, and folks just move on to wanting the next piece of news immediately. The conversations with Sandjet must be frustrating for both parties - 'how's your availability?' 'we have a gap here'; 'great, can we book it in?'; 'can you pay a non-refundable deposit'? 'no, we don't have clearance yet'.
I've lost count of the number of projects I have managed that have missed the planned milestones as approvals haven't been given when expected or key contractor resources haven't been available as they are working on another project.
Https://www.lse.co.uk/rns/q1-2024-operational-update-1l0aa1srgo2so7m.html
TRIN producing 2,500 bopd, $8.6m cash, $4m overdraft, $5m VAT reclaim. Not terrible for $26m.
Well that's a joker.
There isn't an RTO on the table.... that's just the hope of the BOD
No surprises. Confirmation that the French connection is an addition to, not replacement for, previous assays.
https://*************************/status/1785237454934639087?t=y9knhi4kegircmd5vvxcdq&s=19
seems to work
Or is the test now fully developed, and just awaiting trials?
Are you sure investing in African exploration is for you?
The rig should be nicely warmed up and run in when it gets to us.
Just got off the webchat with my broker. Hopefully this is helpful for folks.
1 - delisted shares cannot be held in the ISA.
2 - my holding will be transferred to my Share Account.
3 - it will show the number of shares, but Zero value (as there is no listing price on the stock exchange).
4 - communications will be passed on as usual, and they expect to receive more info as the process moves forward.
5 - disbursements from the liquidator will be deposited as cash in the account (sounds similar to how dividends appear, although they said the back office process is slightly different).
Hopefully this reassures.
You become the shareholder of a private company instead of a listed company.
Yes, it has caused quite a furore up here. The SNP/Green view is that this doesn't affect existing properties, and new properties should have insulation and a heat pump. The problem comes with power cuts, where a PV /battery back up is expensive and not guaranteed to work sufficiently in a winter storm. However, it is a political issue (keeps the Greens onside), and the majority don't live in the Highlands. However as you say, the logs I get from coppicing our trees are very low emission. I suspect there will be an exemption for Crofters and maybe 'flexibility' at the discretion of the local authority which may assuage most concerns.
The intention is to delist to save money, then enter a liquidation process, which the BOD will not control.
No, AI has just swiped that from Seabright's Reddit post.
Why are you thinking of voting against 2? Is there something in the articles of concern?
If our side hasn't been produced from, then if there is a connection, then any production we have would reduce pressure for BP?
I think I recall a proportion of production was hedged at $70 as part of the last funding?
Malcy stated himself on his blog comments.
https://www.malcysblog.com/2024/04/oil-price-chariot-touchstone-jadestone-and-finally/#comments
Daft question. Without an AIM listing, the company by default becomes a private company not a public company. It is still owned by it's shareholders, not the BOD. So what term would you have them use?