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It's been confirmed "The Namibian government, giving its approval to the plan, has said drilling would be around three months per well."
Source https://www.energyvoice.com/oilandgas/africa/ep-africa/369009/totalenergies-venus-drilling-deepwater/
Iamrich, unfortunately I don’t have the answer for you. They’ve made it very clear that they are looking to partner up for farm out but the reason for the delay is anyones guess.
I think your on the right tracks, in my opinion it doesn’t make good business sense for a minow such as GBP to make corporate contracts to farm out if there’s no certainty of oil due to the overheads it will create.
I suspect after the expo in Dubai we won’t be short on suitors and we will have done our due diligence on who we will want to partner up with. Venus actually belongs to Impact with total being the farm out partner back in 2017.
If Shell or Total hit oil Qatar Petroleum, RDS, Total Energies could be just a few that maybe interested.
We’ll soon be entering a news rich period in Q1 possibly going into Q2, I’m sure the BOD will give some insight as to what is going on soon.
Kitkateat, are you new to investing on aim? You messages portrait that you are and just looking for a scapegoat which in this case is AV, who is factually one of the largest shareholders.
We’re in a lull period, the price of shares retrace in a lull period until there’s news. The BOD has said it repeatedly they’re waiting on news from either venus or graff1. Like you we’re all in the same boat.
If AV was dumping you’d have a TR1 to back it up.
It couldn’t be more clearer that we have sold all of of EUA assets now that I’ve read the presentation.
Eua v2 is a corporate responsible net carbon 0 objective company “Green mining, green metals, green helium”.
Eua is moving into a new direction under the Japanese leadership in the new Japanese office. It was all smoke and mirrors with the new appointment until now.
Open pit mining is not GREEN. Eua Russia is sold and I’ll bet my bottom dollar it is to NN.
That I am confident in.
i've got my first kid due to arrive on Jan 12th, if this hits 10p by Xmas and it's a boy i'll call him Clive or Caspian lol
Well played guys, I would have sold out entirely last week if it wasn't for the posts, most definitely would have been kicking myself. Appreciate it. Merry Xmas.
Didn't see that coming... South Yelmes 25 year production license.
Oh and true to my word, I'll donate the money to charity, any suggestions for any charitable causes?
Well that's a relief, seems like we're actually getting somewhere.
Icarus69, reading what you wrote about the dual listing gave me Goosebumps. I hadn't pondered the implications of dual listings or the doors it could open should we sell up.
The list of opportunities is endless.
@Builder12, the BOD have been meticulous in getting us to where we are now, I'm fully aware of all the scenarios that have been announced in the RNS's since 2015.
The point I am making is that, as it stands right now we are waiting and in state of limbo until we get the RNS saying we have accepted an offer.
Nobody has seen the last 4 RNS's coming. The BOD are becoming very unpredictable, more so now than ever before.
Is a sale going to happen? or are we going to mine everything ourselves?
Anything anyone writes about whether we are going it alone or sticking a sold sign is pure conjecture and 100% opinion.
Bottom line is nobody has a bleeding clue about what is actually happening.
Why down tools until you need to? You don't stop living in a house you are selling until it's sold.
Keep generating cash until the opposite party has signed on the dotted line.