Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
If AA's price wasn't down it wouldn't be a take over target. Obvioulsy BHP are seeing a lot of value that can be added. its a massive mining deal. The BHP bid could start a massive way of consolidation in the mining/copper sector. We all know Copper is going to go up.
Anglo up 12%
From the FT: The world’s largest mining company is seeking to buy Anglo, which has a market capitalisation of £29bn, to expand its portfolio of copper mines, according to people familiar with the matter.
Https://www.linkedin.com/posts/spe-london-section_chuditch-field-timor-leste-activity-7188832297704378368-hWpq/?utm_source=share&utm_medium=member_android wonder how that went.
don't know about anyone else but you have to do your own research ignore the noise decide whether you want to buy or sell and green box the ones who are constantly bickering with each other, its the only way to make sense of lse these days. there are no fundamentals here just people ****ging each other off.
Don't know about anyone else but you do your own research ignore the noise decide whether YOU want to buy or sell and green box the ones who are constantly bickering with each other, its the only way to make sense of Lse these days.
dr andy butler, baron's ceo, has given a video interview on the ************* platform which is available at https://www.di rectorstalkinterviews.com/baron-oil-ceo-discusses-strategic-vision-and-growth-plans-for-chuditch-gas-project-video/4121149240. in this interview, dr andy butler discusses baron's updated financial strategy, emphasising the goal of securing project-level funding without diluting equity at the plc level.
Info on the second well they are hoping to drill https://www.youtube.com/watch?v=Q7ht8YhV7vs
Worth a listen https://www.youtube.com/watch?v=KJ8cJxJhMIE
Https://x.com/Jarvy55/status/1783040844204761330 looking forward to the drill plans here and the new licence being added.
VT we should never of placed where we did. Yeo and Wakefield orchestrated that, but any way that is the past, we are in a much a better place now with the new bod coming in, the increase in PR and the new presentations on the website. They certainly aren't hanging around directors changed on the website already, onwards and upwards.
Chris Timor Gap is state owned for the government to have 40% ownership in Chuditch will bring a lot of benefits and cut through a lot of red tape. They will not only be working to get the funding together they will also be working to create jobs which is what the government need to create as they have a lot of youngsters in TL.
Nothing is ever guaranteed however I am sure Ab will do his very best not to dilute us too much and remember he has just under 3% of the company, so it is in his own interests to get funding through giving away a percentage of the Chuditch asset at project level.
now read the last line very carefully.
dr andy butler, baron's ceo, has given a video interview on the ************* platform which is available at https://www.***************************/baron-oil-ceo-discusses-strategic-vision-and-growth-plans-for-chuditch-gas-project-video/4121149240. in this interview, dr andy butler discusses baron's updated financial strategy, emphasising the goal of securing project-level funding without diluting equity at the plc level.
In parallel to the recent Site Survey operations, drilling planning has continued at a good pace. SundaGas' experienced in-house drill team has further refined the well design, enabling the process of tendering for essential materials that have long procurement times such as well casing to have commenced. Design work on a Chuditch-2 well test (DST) is ongoing, led by SundaGas' well test engineer.
SundaGas is in discussions with drilling rig contractors and other third-party service providers in support of well construction plans. The Company is also liaising closely with other operators in the region that are expected to drill wells in locations relatively nearby.
Detailed workshops are being held on a regular basis with joint venture partner TIMOR GAP and government regulator ANP, whose input to operational and logistical planning is continuing to prove invaluable.
SundaGas and its joint venture partner TIMOR GAP are working on resources to ensure successful delivery of the upcoming Chuditch-2 appraisal drilling campaign. Discussions with a number of potential funding partners are ongoing and further announcements will be made at the appropriate time.
Drill costs approx £25million
Timor Gaps costs towards the drill are about £6.25 million
Baron Oil raised £2.7 million from the brokers.
£0.26 mill was raised from rex
So about £2.9 mill left after brokers take their fees
They had cash of £3.65 mill in December so let us say £3mill left after the bod get paid off.
There is a deposit of about 802k for the Psc we will ignore that and say that is for wages for the next couple of years.
Taking all that into consideration they would need about £12.8 mill lets say costs rise by the time the drill and round it up to £15mill.
We know costs came in under what they estimated on the survey due to them sharing them with another company.
They could share more costs if Eni decide to share the Valaris 247 rig.
It wouldn’t take much for say a couple of partners to come in and take a percentage of the asset at project level or for the Timor Leste government to loan them the cash.