Member Info for jazbo

Limbo until we get confirmation of a partner. Perhaps after Larry has left the building.

Looks like it is having some impact

More chance of Larry being abducted by aliens - or getting a farm in partner !

"Companies whose bosses take pay cuts during the Covid-19 crisis should be wary of handing them lucrative share awards at the same time, investment advisers have warned.

Amid pressure from investment firms such as Schroders, which demanded that company directors “share the pain” of coronavirus, a flurry of executives have accepted wage reductions, made charity donations or waived bonuses."
Oops ! Larry !

Will 3 years be enough, taking account of Larry's track record on attracting partners.?

Most interesting piece of news from the Company we have had for some while.
Let us hope this will kick the action up a notch and that the share price starts to reflect what we have all been holding for over a long sterile period.

The Company currently has sufficient working capital to the end of April 2020 though will require to secure additional funding to enable it to satisfy its share of final costs in relation to the drilling of the Tambak-1 and Tambak-2 wells in Q4 2019, including post drilling resource updates, and to provide sufficient working capital beyond that date. To this end, the board is currently reviewing a number of funding alternatives, including (but not limited to) drawing a portion of the Longstate Facility, an equity placement or undertaking an Open Offer to existing shareholders.

"Seems they have a plan to me, just don’t know what it is yet."
I just hope it's not like one of Baldrick's cunning plans !

There is hardly any information re Namibia on the Serica website, focus is on North Sea. Is it more likely we will sell this Namibian exploration opportunity rather than try to JV exploration?

Would not want to go anywhere near 'glowing in the dark' TRP !

To allow a prospective partner to have exclusviity period should surely have been worth an upfront fee.
Unless. of course, there was absolutely no other interest !

Baxi, I'm hoping not to get scalped in this one. Appears more promising and snouts further from trough whereas at Amerisur they were submerged.

no probs Nigoil. it won't make our relisting more imminent !

Baxi - unfortunately yes. That word was used there until it became meaningless.

"the directors believe that the financial results for the year ended 30 June 2019 will be published by the end of January 2020".
Reinstatement -
Imminent springs to mind !

wherethefoxhat - good question - selling £170k worth after all this time. Surprised the sp has coped with it as well as it has.

BM was the one excited about Badile before he was proved to be off mark, irrespective of him not standing up to JP.

M it would be nice for the sp to show a bit more support to your reasoned thinking! I suppose, if it does, then the sp will be no where near 2p when the herd arrives.

CPR - Of particular note, the main Aptian Carbonate reservoir at Gemsbok has been estimated to have Best Estimate unrisked gross prospective resources of 1.1billion barrels of oil with a probability of success (“POS”) of one in eight. The POS for the deeper Syn-Rift section at Gemsbok and the Lion and Dik-Dik prospects is lower than the main Carbonate resource at Gemsbokbut the oil resource numbers are significant.

I was hoping the Rothschild fee was on a - no deal no pay basis !!!