Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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?
Without knowing all the shareholders, you can't form a partnership, so what legal entity would you propose?
Amimex BB reporting licence issued for Ntorya. Would bring FID, and another $3m a step closer.
Nope. Quite relaxed. They can tell us when there is something concrete to report. e.g. Sandjet has cleared customs and the crew is on way to the site.
But the company is not stating either/or. The plans are clearly to use Sandjet ASAP, but also to progress the Jurassic drill as well. Timing is uncertain due to paperwork and logistics, but the plan is there.
Both testing and drilling are planned.
Also mou1 is not our best well, so would undervalued us and remove the upside from the better wells discovered later.
That's not the point AV. The thrust is that LSE does not show valid company valuations. Some scoffed when PG said this, but it seems there is some truth in it.
Or the markets are a bit off at the moment, and folk are selling out of shares that have limited upcoming news to chase shares that have upcoming news. Helium One down 40% for no reason. Folk selling here now the drilling program is substantially completed. Chariot took a 40-50% dive after the farmout, but picking up now drilling is approaching.
Someone observed that the share price in pence now correlates to the Cascadura output in mmcfd. So there is hope yet. Just need to increase production.
Sorry, PC had a fit while typing.
The headline numbers don't look great without understanding the reasons, North appear to be selling down, the commodity prices achieved aren't great, the tax is high, and all profits are going straight back in to drilling so there's nothing for shareholders at the moment. However, there is a clear path to much higher production, which should transform those numbers. It was always about maximising Cascadura to get 200mmcfd.
The headline numbers don't look great without understanding the reasons, North appear to be selling down, the commodity prices achieved aren't great, the tax is high, and all profits are going straight back in to drilling so there's nothing for shareholders a. However, there is nothing for shareholders at the moment. However, there is a clear path to much higher production, which should transform those numbers. It was always about maximising Cascadura to get 200mmcfd.
Does the RSI modelling work just after suspension?
I had to contact my broker to get trading restarted on the website, but topped up at 26.75. Very undervalued with the progress while suspended.
Fair point, but there is an element of impatience in the criticisms. For example, a review of the RNS released this morning will show that this is not a team sitting on its hands. A very cost effective team I might add.
Https://www.malcysblog.com/2024/04/oil-price-chariot-touchstone-jadestone-and-finally/
Yes, folk forget that PG is always working a few steps ahead. Sandjet is planned and booked, just waiting on paperwork and kit/personnel availability.
Spangle did a good pro/con on ADVFN https://uk.advfn.com/stock-market/london/touchstone-exploration-TXP/share-chat
The testing kit available on the island was maxed out testing Cas 1 and Cas Deep. Probably feel it's not worth the money and effort.
I believe the market is only seeing the headline production numbers not the downtime for optimisation, the drilling success and the resultant increase in reserves. We are now in a virtuous cycle where cash flow from operations drives the drill bit to prove up for resources and connect more production.