Member Info for Latino

Just need JA to get the ball rolling, said news in coming weeks so we’re now several weeks from that last RNS. So now we are in imminent territory.

Just in

Last rns states ‘or of the other parties’….note other parties not rules out it’s possible we get a counter offer here??

The Company is presently reviewing the current proposal and clarifying its terms where appropriate, and expects to work on detailed contracts with this partner, or one of the other parties, over the coming weeks. The Company does not intend to comment further on these negotiations until a final agreement is reached.

Https://energynews.pro/en/a-funding-provider-proposes-key-financing-for-the-thali-oil-project-in-cameroon/

The Thali oil project of Tower Resources in Cameroon receives a major financing offer that could unlock crucial advancements, conditional on obtaining an essential license extension.

What you on about lol..that 700 your touting is dollars not pounds…and that was at 30 June. Since then they’ve raised £340k just last month with CVA…so all debt wiped out making this a clean shell.

Has had enough time to get his feet in, it’s time to update market properly!

Coming in now?

According to RNS 30 July, 90 days for results. Its past that now so results any time now

‘As previously noted, it is anticipated that drilling operations will take approximately 90 days and the Company will update the market as appropriate.’

All blue now gla

Don’t think they’re going to get funding of this level again unless they start delivering very soon. Can’t see anyone coughing up £m again if they continue in this vain…!

‘Already appealed’…really lol…suggest you go and actually read the RNS properly!

As they don’t have a process of appeal, think what they are saying is that we’ve made a recommendation and have no powers beyond this…the decision is not with us so we appeal process is n/a for us. Also no final decision has been made yet, if approved fine if not then appeal process will be with them. Dyor

It looks it as there is no real update today with regards to ESIA from last RNS…it is still only a recommendation AND not a decision. So don’t see anything new in RNS on ESIA from last RNS..dyor

As previously announced, the Company was made aware of an unfavourable recommendation regarding its ESIA application.

Following discussions with the Company's Moroccan advisors, the Company filed an appeal with the Wali of Rabat-Salé-Kénitra region (which encompasses the province of Khemisset) with respect to the unfavourable recommendation from the Commission Régionale Unifiée de l'Investissement ("CRUI").

The Centre Régional d'Investissement of the region Rabat-Salé-Kénitra ("CRI") has subsequently responded that the CRUI does not have the ability to examine the ESIA submission again and it did not provide any indication of further avenues of appeal to the Company.

Emmerson continues to examine its options with respect to the approvals process and will update the market shortly on its next steps.

This really puts Morocco in a very bad light…surely no way Morocco would want to be seen as a corrupt country, otherwise they would be shooting themselves in the foot…and say bye to future foreign investment..

Let’s see..

Emmerson continues to examine its options with respect to the approvals process and will update the market shortly on its next steps.

Some mega buys there….!

Meant ‘slowdown’

How can you say you’re shutting down cos you haven’t received funds and then say you’re expecting funds imminently?

PIs will be paying premium soon, once they let this go! Plz dyor

Last week RNS was clear farmout deal proposed and improved + other parties still interested. This could well be last chance before RNS / starts to re-rate accordingly. Dyor

The Company is presently reviewing the current proposal and clarifying its terms where appropriate, and expects to work on detailed contracts with this partner, or one of the other parties, over the coming weeks. The Company does not intend to comment further on these negotiations until a final agreement is reached.