focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Cash is needed for the low lying fruit. Don't understand why everybody fills there pants. If they get the drills right this time (they got a fistful of data, in house knowledge of Gerogia and external experts so every chance) then this shaves some months off a long term hold. Really pleased they are cracking on.
You can’t ever say that Paul doesn’t negotiate great terms. Hats of to shlumberger too, they clearly see the long term upside and the transfer of inventory is both generous and prudent.
The one thing that jumped out to me MP from the Q&A was the positive noises being made about the 3D. It's the first time I've seen this referenced by the company other than its been completed and compiled. If they are sitting a top a bomb they've done a good job keeping the lids on whilst accumulating shares.
Steady away it is. What’s pleasing is that they’ve looked at the data evaluated cost vs risk to reward and been grown up enough to say the opportunity needs to go to a mature player. The company’s record on negotiated terms is excellent so potential farm outs could be transformational to share price. Sounds like Malcy has wind of who’s been sniffing. Long term hold, I’m very relaxed if a little excited not that you’d guess from my poker face.
Prior to the campaign (West Rustavi Block).
There are currently five shut-in wells within the permit area with wellheads intact - that will facilitate wellbore re-entry and return to production. Eight other wells exist in the permit area which were abandoned but potentially recoverable.