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Iain Torrens- "an application has been made to the FCA for resubmission of trading, we expect to hear back early next week" (comment from presentation)

Presentation live now:

Presentation

A call with Iain Torrens (Interim CFO and incoming CEO) will be webcast at 9:00am (UK time) on 31 October.

The webcast is available at: https://edge.media-server.com/mmc/p/ahmpyis6

The webcast and transcript will be available after the event at www.woodplc.com/investors

No it doesn't actually work like that, you won't get an automatic extra day due to a bank holiday, so if there is no news prior to the weekend, there will be a 7am RNS on the Tuesday with the relevant info.

I'd say it's a little shy of the 8 billion funding that AZ had promised back in 2020.

Has there been any update on the captive bank or fintech bank that SYME were to aquire, I'm sure completion is due within the next week, no hold on that was 5 years ago, been a long week for sure.

The only mention to Mou-5 is on page 19 within the 2024 outlook under the heading Exploration Upside "Drill the Titanosaurus Jurassic Project" although no dates or timelines are give so a bit of clarity regarding this would be welcome in tonight's presentation, I agree given the valuation you would have thought some more focus would be given to this.

If anybody is interested below is the link to Proactive investor forum if not already posted, is there any investor's with deep pockets going?

"Join our audience of astute high net worth investors, fund managers, private client brokers and analysts"

https://www.proactiveinvestors.co.uk/register/event_details/440

Reading through some of the comments on here I'm sure there are many who are up to the job of running this company, seriously though I don't understand why people embarrass themselves by talking so much BS.

Chesh, the quote I posted was copy and pasted directly from the RNS 05/02/24, not from a tweet or news article.

All the same, the important part was "currently underway".

Highlandmatt, see below extract from the 05/02/24 regarding rigless testing:

"MOU-5 is expected to be drilled between 1 April to 31 May 2024 in order to avail of in-country well services that will remain following the completion of the Company's rigless testing programme, which is currently underway, thereby reducing mobilisation costs for well equipment and services."

and from the same RNS regarding parts required for drilling:

"The majority of the critical long lead items required for drilling are available from the Company's surplus well inventory stored in its Guercif warehouse, thereby potentially further reducing drilling costs."

Enjoy the weekend...

Confirmation that testing is now underway:

"MOU-5 is expected to be drilled between 1 April to 31 May 2024 in order to avail of in-country well services that will remain following the completion of the Company's rigless testing programme, which is currently underway

There must be indications testing is going well as Paul sounds confident as we are taken to another level, sounds like a news flow rich period is underway.

"The Board remains committed to generating activity and newsflow in the weeks and months ahead and are seeking potentially to take the Company to another level through continued drilling success."

At 15:27 , 13.00 appears to be on the buy side?

No need to wait:

https://www.predatoroilandgas.com/investors/regulatory-news-alerts/

"Oh there's more eh kn0wles.........!"

As you knew there was, but chose to miss lead non the less.

From 30/11/23 RNS, the regulatory issue was resolved.

"On 8 November 2023 PGVL was informed by ONHYM of an unforeseen administrative regulatory issue as a consequence of which the Joint Ministerial Order approving the Guercif Petroleum Agreement Amendment No.3 had yet to be issued.

As a result PGVL had to stand down at short notice mobilisation of its rigless testing well services and international personnel to await resolution of the issue by third parties.

The matter was resolved and the Joint Ministerial Order is expected to be issued shortly."

Saint, to be clear this ticker on the LSE has absolutely nothing to do with the now company 'In The Style', they are now completely separate entities, so no, u fortunately there will be no cancellation of suspension, an RTO is the best chance of getting anything back at this point.

Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. Akhannouch was appointed prime minister of Morocco in Sept 2021.

Some people just cannot see what is right in front of thier eyes.

Jimmy, I assumed they drilled until they reached their target of the top Jurassic carbonate as stated in the 11/07/23 RNS, although it does not specifically say that was the total depth drilled so could be wrong?

"The top Jurassic carbonate objective was reached at 1135 metres TVD MD, 253 metres deeper than the estimated depth pre-drill based on no well control."

Also worth noting from the last RNS is "Everything is in place and all approvals have been received to commence testing. "

They have everything in place to test so could do so when they wish, once they some assurance IWO an MOU from the ned user/buyer, testing will begin, it won't be long now and the share options will be hit.

MOU-3 exponentially

"MOU-2/3 TGB-2 -- 12% CNG Growth

MOU-2/3 TGB-4/TGB-6 -- 11% CNG Growth"

It's worth noting these are pre-drill statistics, the success rate will have increased dramatically post-drilling.