RE: Raised Β£6.7m cash - MCap Β£7.4m only ?21 May 2026 16:06
To be fair, a lot has been outside of AB's control, without a home to go to, Chuditch gas, is valued as worthless and going nowhere.
That is all down to the demon duo Horta and Gusmao being inflexible for 25 years, it comes to the Island, which has no refineries.
Chuditch needs confirmation, that Naarbora , Beaco, Metinaro , Betano , where ever they finally settle on BUILDING, will be built.
Otherwise it remains a large reservoir under the sea. Investors will want some near term returns, not wait for more years, until
if/when or not built. Hence the big finance/sector JV he had hoped for has never arrived. Remember he has been working on this
since 2016, long before Boil/SNDA Energy joined in 2020.
He has now made moves to add resources elsewhere, including near term REVENUE generation but after 10 years of working towards
TL Gas production, probably no one is more disappointed than him and his SundaGas team , its still all to happen........
π€π€π€π€π€ This year all falls into place and TL/oz OR TL/other confirm BUILDING, not more talking (ongoing since 2002).
Sunrise and Troubadour 1974
Chuditch and Kelp 1998
All still wait for the TL gas import and export (up to 4 strings) GAS terminals...........