Acid test coming , the daily PME Auction 1100-1110 if required, many shares often go into Auction 5-10 mins prior and come back out ,,,,,,,,,,,,,,, let's see.......GLA
From posted earlier local press article , Sulu could be a huge play, in a great postcode.........GLA
Several oil and gas platforms are already in production, while others are still being explored or are untapped.
Evidence and key locations
3. Cotabato Basin and Liguasan Marsh
Location: Mindanao (BARMM area).
Reserves: Liguasan Marsh is estimated to hold 3.4 Tcf of natural gas and 4.8 billion barrels of crude oil (though much is still unproven and remains unexplored).
Status: 29 bcf of gas already discovered; Sulu Sea (offshore) and Cotabato Basin (onshore) together have a combined potential of over 360 million barrels of oil equivalent, based on DoE exploration data.
Chuditch a known large discovery, with the potential to be MUCH MUCH BIGGER (Shell full license mapping in the 90's) but without someone coming to build and pay for the refineries etc, it remains even post drill, a huge discovery, stranded.
They will be aware of long idle discoveries Sunrise , Troubadour 1974 , Chuditch , Kelp 1998, unless things change, doubt they will be keen on a drill, with no home to go to........and monetise quickly.
PXP more locally focused but TL not that far away, Triangle , PI , Australia and UK assets, might be tempted by Chuditch, if TL can get some facilities in play.
That one open ok but its no help, just securities details , no hints as to purpose of funds, will have a dig on their website, see if an earlier ANN , that could lead to us getting an RNA update over rns......GLA
Yes would clarify things, if AB gave an RNA update over the rns news wire, confirming both of our partners, plan to press on earlier than expected. He stated a while ago, would be no immediate funds required for Sulu license, when/if/once awarded........looks like that might be about to change.........GLA
Where you able to read it Filthy, mine having no joy opening it, does it say for use on Philippines project, as Triangle also have Australian and UK assets ?
would like to think in conjunction with PXP statement's, they are related and headed for the PI/Sulu. 🤔
That 300m OZ , is around £145m at todays exchange rate, quite a tidy sum, so both of our partners, gearing and cashing up, for major moves in the Philippines, guess a big rise (or share consolidation coming), if we are going to be moving quickly with them, at current prices, would take a gazillion new shares, to raise a worthwhile amount, to play with PXP and Triangle.........GLA
🤞🤞🤞🤞🤞 that's exactly what it is, as posted earlier, our other partner PXP Energy , confident of in their case 4 psc awards soon and have big plans to move them all on quickly... 👍
As long as the parcel clears the massive debt, all will be rosy (at least for now). Vast long been priced to FAIL and held down with a constant issued of death spiral confetti issues.
Mr Market loves a recovery share, BOD at AGM around 15 years ago now, rated Vast as a $200m (Romania operation/at capacity) and with Zimbabwe back in the fold Mining Diamonds daily (saw a valuation upward toward $500m.
So if AP finally gets Romania up to nameplate + developing the other assets , like Blueberry Gold and Vast back to mining more Diamonds, what price does he have in mind, with all the Tajikistan additions since ???????????
Clear the debts, get increasing revenues in Romania/Tajikistan............BUT can he do it?, if so his company has a VAST fortune future..........GLA