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Then rises to £2.50 until Nov 2024, for some routes only.

Yes, yesterday, a few of us have, look over the chat.

Other than 'debt facilities' or 'capacity'

where in the annual results, released this morning down it say we have x debt?

in fact, my eye was drawn to: Cash resources net to the Group at 31 December 2022 of $30.6 million - and they are now making money.

When asked what debt, you disappeared. so, what debt?

they have debt facilitates available if they need more, and debt borrowed to pay for the deal, which will then be paid off using the 16.6mil through barrels sale. leaving the bulk of their initial cash flow free.

so, again, what debt?

Sorry, tell a lie, looking at the wrong part of my account haha. both have been paid.

Haven't been paid mine yet either, with HL. but then again, I have SPT as well, and not got that yet either, paid on the 10th.

182k just bought in several trades with avg of 7.95. looks good to be moving up, someone is confident.

Sorrry *ramping

"The order book is also increasing and the future looks rosy here. It is vastly undervalued."

read, i bought in at £2 expecting the takeover, and now im hugely underwater so deramping, or getting others to buy in to boost the price.

Some pretty heavy buying going on today, can't find any reason except on the back of JDW posting a good TU

I agree rift, debt capacity, as in, capacity to borrow more if required..... not net debt as Terry was trying to spin it.

Still cant find anything about net debt. All I found was

5-year RBL facility with up to $75 million available to finance the Acquisitions

Which makes sense, they need to pay cash for the acquisitions, and then sell the oil for revenue. So need cash upfront before selling the product. still don't see how you get to where you are.

I reckon a bid is brewing for National express UK coach division, and obviously the group couldn’t continue to be called National express if it sells off that part of the business.

This was my initial thought when I read it. No reason for a sudden name change unless they were inviting bids.

For the others out there who have missed what you two are saying, where is the high debt?

Last I read they had about $40mil cash, and then were paying x for INA and y for Sonangol, INA is basically paid for due to the delays and the oil already produced; the same effect will be for Sonangol as well.

Thats how I interpreted it as well.

Least with this huge spread right now it wont appeal to the day traders.

Noggers: depends how much of a 'change' is required, are they keeping them white and just changing the name, or changing colours?

respraying buses actually costs a heck of a lot!

Imagine they would get a lot of shareholder annoyance if they did that. Change of name, could be rebranding themselves to be a target? ;)

Seems with all the delays, the RNS still hasn't repaired the damage to confidence and reputation; maybe we'll get back to where we should be once Sonagol is announced, if it's delayed again we'll be back to high 24p I reckon.

Great news, based on the below, does that mean it only cost AET £400k cash?

The transaction effective date of 30 September 2021 results in a net upfront consideration at completion of $17.0m, which is offset by the Company inheriting crude oil stock with an approximate value of $16.6m at $80/bbl (207,868 bbls2)