Member Info for Investor81

Look at EBITDA and cash build.

They also that they 'intend to return up to US$100 million of cash to shareholders over the next 12 months. This will be in the form of higher ordinary dividends, share buybacks and/or tender offers, starting with the recommended final 2021 dividend starting today.'

'The Group will need to complete its agreed farm-out and/or another asset-level transaction within the coming months, or otherwise raise further funds, in order to meet its liabilities as they fall due, particularly with respect to the forthcoming drilling programme in Cameroon.'

What are peoples prediction? Placing to come, debt funding or a mix?

Where does this $80 net backs figure come from? Todays update suggests nowhere in this region. Why very little profitability in update too?

Current performance v market cap doesn't marry up.

Need new wells to come in.

Hedging strategy results in large derivative liability and underlying loss.

Namibia and South Africa farm out is unlikely I understand until further work is carried out TRP.

Cameroon is the shirt term catalyst but with constant delays I think the price will stay ina range until concrete news on farm out or funding the drill.

In the meantime, based on previous placing, one can land at any time imo.

Good luck all.

Hi Dicko

All sounds good except:

Cameroon should've been signed off a while ago and they now tell us the landscape has changed. Why will it not be delayed again?

Last two placing have been discounted and no doubt will need money again soon for working capital.

From memory last time they released a decent uodate then placed straight away.

These are the kind of things that have a drag on the share price. Let's hope things will change.

Licence extension good however it took them 6 months to realise the market environment has changed considerably, to now restructure? The market environment changed months ago. Why wait until now to restructure?

Seems like when a RNS is about to land the price spikes beforehand?!

When will more funds be needed? Last few placings:
Jan 22
Aug 21
Jan 21

CPO now added back to the export ban list.

https://www.reuters.com/world/asia-pacific/indonesias-palm-oil-industry-braces-upcoming-export-ban-2022-04-27/

Good RNS but 'As previously announced on March 3, 2022, the Petroperu operated Northern Peruvian Pipeline remains closed due to erosion caused by the rainy season, with no firm timeline of maintenance completion provided by Petroperu.'

Production won't be optimal!

Those who wanted to sell full entitlement selling on open market as TO was scaled back? Those whose tender was rejected selling?

https://proycontra.com.pe/el-estado-no-atiende-a-pueblos-afectados-por-la-explotacion-petrolera/

https://proycontra.com.pe/aidecobap-exige-la-presencia-del-estado-en-puinahua/

https://www.petroperu.com.pe/petroperu-iniciara-trabajos-en-el-oleoducto-norperuano-afectado-por-lluvias

https://www.jwnenergy.com/press-release/6227ee05e36cc730c390a05d/

Supply shortage/squeeze could push prices much higher. Great news for AEP hopefully.

https://twitter.com/fi_gambler/status/1501360558360125441?t=T6Jk1NOi4C-tkmv0SXc2IA&s=19

Production data to 7th March.

Why bring EOG on board - surely couldve funded on own?

https://www.facebook.com/194784984487857/posts/970636856902662/

Thoughts?

I would email info@kistosplc.com to show what you think.

Has a dividend been declared and if so how much?