The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
When you read PMO rns they state “hydrocarbons sampled were gas condensate which is more challenging to commercialise than the light oil the well was targeting “.
It doesn’t say it can’t be commercialised, so if it can be commercialised then our joint venture would own 100%, also joint venture got hrz samples as part of this drill. Maybe this is why DW isn’t too disappointed with the results and PMO walking away.
Moneyhawk, I’ve had a couple of replies to emails from DW this morning, the 2nd reply says “Happy with the fact we have all the acres back and another shot at a better deal supported by better quality data and a proven discovery. If condensate is commercial then the audience is not just producers on the slope”
I sent Dave an email and this was the main points of reply I received back. Internally they are not that disappointed.
PMO walking away doesn’t help the optics.
Let’s see what lab tests say in a few weeks.
Condensate producing field already on the Slope, so it can be done.
Need more info to define the options
He better have some good forward plan for Thursday because we are not going anywhere fast at this rate. This has been the hardest one to take so far. If he has had an offer previously he should seriously look at agreeing a deal if it’s still available. Majority of shareholders have probably lost confidence in his ability to take us forward.
Seevee, you’re not alone in that department, there’s many of us feeling that way. I think quite a few of us were planning on taking money off the table after logging results and leaving the rest on the flow test. Unfortunately it never worked out that way. Totally gutted for all of us, could be doing with Dave issuing a statement on what options we might have available to us after last nights results.
Too much panicking going on regarding the farm out because of what happened with Winx.
Most of us invested here for Ice 1 & 2, not Winx.
Ice 1 & 2 always were and are the big pay day, let’s give Dave the chance to get the best deal possible before the month ends.
Hopefully he will produce the goods and we are all happy.