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seems you do not remember my postings... I said already in 2018 STRONG BUY and accumulated since... definitely not selling this at 19p ... just Odewayne is 19p :-)
thanks Paul for giving an update ...
"McDade said the lengthy deal process (which will potentially be done by the end of the month) was because Sonangol was so focused on making sure the sale of the stakes in the blocks was done transparently."
hey thanks... nice message :-) Great that you are doing well - how is your VRCI doing ? down 80% or what?
Long here and I think longer and more than you and your dumba... but I do not need to pump it like lots others... process updates/ not good and take way too long ... was / looks the deal interesting? sure - if it closes and gets financed one day?? said that and gave congrats to them... but in the end we will see and it does not make sense to party where it will open... the company here was way too long run badly (have a look back into the history) ... we had the best oil bull since years and what was the result? Lets see... we still not know... it looks we have now a great team for the operations in place - no problem if things take longer - but to update shareholders is also a basic ...but what do I know... enjoy summer
seems the guys are waiting to re list until oil is back down to 50 USD
whats brilliant? Seems the other side is squeezing increased oil and gas prices and "surprise surprise" changed ?!? the timeline... !?!?
confirmed - seems we are now on the same page... "It suits afentra management being suspended - not answerable to shareholders, well they're gonna get some bloody nose on the next AGM ballots if they dont cop on and start communicating" !
seems we have a great management - great in execution and timing to create shareholder value
https://energycapitalpower.com/south-sudan-building-the-nation-through-the-energy-industry/
you are same frustrated rift.... since years invested here - but time will tell us
Odewayne for its own is 15p or way more... (what i said)
yes - great results !!! GOO PTAL
the guy should stop TALKING and start delivering !! What a waste of time and money ... they had a great window of opportunity to do a deal and they MISSED !
"nothing done for years" this was correct but just until yesterday my friend ;-)
you miss the asset in addition to the 15 pence cash value: Odewayne Block !!! Billion barrell potential land holding (with currently free carried) ... Genel as operater (https://www.sterlingenergyuk.com/operations)
rifte - give me a bid at 15 and I´m gone
let us hope they better give cash back to shareholders.... new guy on board from comes from Lekoil ... have you seen this disaster for shareholders?
"How many of your neighbours cars are electrified ?"
Great question - answer is in 10 years close to all in 20 years all ... you do not invest in large capex projects like oil for the short term ;-)
lets hope they do not spend more money into a dying industry
https://www.bbc.com/news/business-50427873
https://jacobinmag.com/2020/04/oil-barrel-price-crash-green-new-deal
even the majors got that message... in addition a risky jurisdiction - no chance
Great results on some of their exits right - but on this Jupiter - its down from 0.25 AUD to 0.04 AUD ... Sterling is massive down and not even trading at cash value giving ZERO value for the (I really think) great free-carried in Africa.
You think it makes sense to spend more money the same way? Why do you think this Jupiter is a good deal when the co. was not able to make money 2011 till 2020 - where we had periods of phantastic Oil and Gas prices in Kaz. !?
why should they be stupid and put more money into a failed company? The only thing which makes sense is to distribute the cash to us shareholders or go into a sector with positive "future"
The time for fossil fuels is over! Even if you find a project profitable at 20 USD the risk associated with this (political unstable region or gained through environmental huge damages) will be way higher than the potential returns