Member Info for maestro1

But they burning cash, they borrowed money from aleph with high interest rate.

By now the disposal should have been done. And we could move on. Char are trying to extract gas from northern morocco when this happens their leverage will go.

Need to hurry in Morocco

Almost a year and we dont have a clue whats going on.

Aleph screwed us with rejecting that offer.

If the potential buyer is playing hardball why not move on?

Its interesting Ptal has mkt cap of 450m while this has mkt cap of 150m. JSE are producing over 15kbopd at the moment.

Massive potential here, once Akatara is online i wonder where sp will be?

We will get newsflow before 29th.

Oil is $10 more than when this was suspended.

What i have reservations about is that the buyer wants to pay instalments.

Sdx told us WG will sell for $6.9m and will be paid in instalments. Will SD be paid in instalments too?

Also sdx have stated the ksr well has not been put in production yet but they state they need to quickly complete drilling for bmk so they can quickly put it in production. Why do they need to bmk well when ksr is well is available?

Also Citix has not paid upfront for q2 gas like it did with the last two quarters.

We deserve update of whats going on...

270m? Short? What are you on?

They only have 1.5% short, shares in issue is 900m..

2x 1 million trades shown from yesterday?

Was that yours SmellyBen?

Panr will move alot higher before the close.

Its so obvious.

Littlened

Yes there has, first of all they stated the deal would be completed by end of dec 2023. Then we got rns stating they have agreed to sell WG for $6.9m and half would be received by end of jan and remaining by end of q1. Alarmbells, still no deal, also this so called large operator why are they penny pinching?

Nevertheless, i think sdx at current levels is cheap. We await the news.

Smellyben

I think on paper it looks cheap, i too am dissappointed with the broken deadlines. Citic have not extended their upfront gas offtake payment so this is a concern.

I dont understand what could take this long for sale.

So you still hold over 3m shares?

No..

Im kidding.. SmellyBen is a decent guy. He could have stayed quiet and dumped his shares and the sp may have collapsed even more. As more would have sold not knowing what is happening.

Im interested to know why ksr is not in production yet but they need BMK well to be in production as quickly as possible. What are they up to.

An update is required..

Its showing..

Helping SmellyBen dispose his shares.

I think you misunderstood me, im talking about funding the moroccan well they have spudded today.

Taking dollars out of egypt is still difficult.

SmellyBen

Has 4m shares, he has disposed around 500k today, this will drag on.

Im interested to know how they will fund this well? No further upfront offtake agreed fpr q2 2024.

We need answers.

If you can buy 200k worth today you can sell 200k worth too. Im assuming the buyer went to broker.

If you phone the brokers you with, they can easily accomodate it.

You need to put fill and kill orders, its the only way to sell.

I only see 1 sell today for a guy who stateshe is selling down over 4m.

Bag of poo this company has become, spent over £40m proving up gold that no one wants.