Member Info for JMAX

As for Bitcoin - it is supposed to be out of the system, but who created and controls the accessibility to Bitcoin? And it has no intrinsic value.

If I personally held significant quantities of gold then I would be concerned about confiscation, and if it was held by a third party I would be calling my gold 'in' now.

We are in very interesting and possibly desperate times - but the masses havent caught on yet.

$2.8b

CNOOC having declined to exercise its pre-emption rights under the relevant joint operating agreements applicable to the Uganda Interests or, where CNOOC has exercised any pre-emption rights, the parties (each acting reasonably) having agreed amendments to the SPA and other arrangements to reflect such exercise, including, if relevant, in relation to the transfer of operatorship arrangements for Block 2.

I don't think TLW can be too choosy. We should have been guaranteed X bopd with this agreement.

Is it possible that the contingent payments are related to TLW being guaranteed so many BOPD if POO is over a certain price ?

Canary I see your point - but have the terms of the contingent payments been publicised yet ?

We need to know more about the contingent payments

I doubt it

Yes Dick, but this price may have been agreed in Jan 2020

Tony mentioned the sale reduced our 2C resources by 50%

A PGee Tip

I'm not so sure - what did the market value Uganda at? But cash like this gives us some security.

BTFATH, possibly, it depends on the post oil payments

Final value depends on the 'post' oil payments

$575 million in cash plus post first oil contingent payments (see separate announcement released this morning)

Why has he left Delonex - the company he founded ?

A definite possibility, could a T/O be announced before he starts

Algo trades / signalling

TLW will only go bust through bad management - just think of the assets