RE: DON'T WORRY3 Apr 2022 21:31
Gideons - I posted this @ lunchtime. Don't bother scaremongering anymore, as nobody is listening.
Here is my spin:
* CUDA is in the bag, but cannot be announced until the Receiver & COPL's Legals say so
* Current Finance is via a Credit Fund - AM, NL et al are sorting, but this is subject to CUDA approval
* Commercial Banks are interested, but subject to CUDA approval
* Massive discovery of light oil - the Regulator frowns upon unsubstantiated news, so CPR already done
* Multi horizontal drills planned post August 2022
* Permits in pipeline (no pun intended!)
* Drill rig contract being arranged
So the omens are very good, and the SP drop on Friday was massively overdone.