Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
RNS 13:49
Montara Update
The Company is pleased to report that DNV's independent review of Jadestone's remediation plans and operational readiness for the Montara Venture FPSO has been completed and submitted to NOPSEMA, as required by the General Direction issued to the Company in September 2022. This is a major step toward restoring production at Montara, and the Company anticipates that all offshore activities associated with the comprehensive programme of hull and tank inspection, repair and maintenance will be completed in order to achieve operational readiness within weeks. In addition, work required as part of the planned maintenance programme for 2023 is being carried out in parallel with the tank activities, and production is therefore expected to recommence during February 2023.
Stag Field Update
In late 2022, the Stag-50H and 51H wells were brought successfully onstream at an aggregate initial rate of approximately 2,000 bopd, in line with expectations. The infill wells involved the drilling of a combined horizontal section of approximately 3,200 metres. The success of the 50H and 51H wells validates the Stag field development strategy and enhances confidence in several additional infill well locations which are already being developed for possible future drilling. Once planned workover activity, which is currently underway, has been completed field production is expected to increase towards c.4,000 bbls/d.
Financial Calendar
Jadestone intends to issue a trading statement in respect of its 2022 operational and financial performance in early February 2023. The Company's 2023 operational and financial guidance will be announced once the Montara Project has resumed production.
Operational RNS out
Exactly M. Don't burn your bridges AND don't acquire an unfavourable reputation as a company dificult to do business with.
Although showing down today and a majority of sells, I can easily get a quote to sell £20k worth. Clearly the shares are wanted at this price.
"Touchstone Exploration raises cash as Ortoire development accelerates"
Accelerates!!!! anything more than a standstill is acceleration I suppose :)
It's been painful holding this for the last year + BUT I cannot believe how much I have moved into our ISA accounts and been able to top up at these prices. I still believe in the end result but it's taking Baay too long to get there!!!
New video on Coho facility
Reserves report & op update RNS out
captions!!!
hTTps://youtu.be/BhU6P2uc9kY (perhaps slow the play back speed to read cations)
Homebrewruss posted this over on ADVFN, it on TXP's own YouTube channel - please consider subscribing too.
'Check out this fascinating time-lapse of the Herrera oil pools in Penal Barrackpore from its first discovery in 1938 to the 456th well 77 years later'
As TXP stated in recent RNS's and Paul's presentation, they clearly believe there is a very strong Penal Barrackpore / Royston analogy and did Paul say he believes Royston fairway is even better!!
Agree MTS. Just how much good/great news is required to move the needle????
+6.1% at 16:00 on a Friday up 4% in 30mins I think. catching up on Canada and is it really FOMO as Paul suggested they had already started testing as news could come any day next week. After a horrible week, it is a very welcome sight.
It's very odd HM. Yesterday was awash with a multitude of 000's trades but many marked as sells and today they are there again but along with lots of 2,500, 7,500, 12,500 etc it certainly looks like buying to me but marked as sells.
Anyone got thoughts on this?
Canada now +3.6% = c$1.99 = £1.19
Canada blue and up 1.6% at the moment.
At 16:30 we were blue +2.5% until 16:35 when the MM's put through that UT 97 shares at 104 which marked us red down -5.5%. What joke.
John well done for simply sitting on your hands - I bet lots of others will wish they had.
We hit the high 170's early january 2021, I wonder??????
What a shame he didn't do this nterview yesterday!!!
Now where did I put the i key?
oops, arguably!