So last night I'm having a dream. Its starts off great. Share price is over 10p, then the magic 17p, 30p then I can't get access as everything keeps crashing. My lass comes into the dream and I'm sure its over a quid and I want to sell but can't. I wake up at this stage gutted the dream isn't true. Then I wake up to this.
Cash is pretty much what I feared albeit worse, and the 4th drill is meh, it isn't happening anytime soon.
What's more disappointing than the well failure (its a risky business, you spin the wheel you take your chances) is the timing of the last 2 RNS's. The initial RNS would of tempted existing share holders to ave down, and attracted new investors. Then todays.
AIM, sleep with the dogs wake up with the fleas.
They have the capacity to store 96,000 barrels locally combined. If they are just pulling 240 that's 400 days. Pretty sure they rather have wells producing once gas is hooked and keep the sticky stuff on store till price has recovered. I'd of thought initially it'll be at least double the 240 but that's still half a years cover.
For sure BB. If ground operations are still in swing there's ample local storage, close intermediate storage if trucked and sales to local refinery when price recovers. All that's impacted is short term cash flow and there's enough in the bank to coast for a sustained period. Gas once infrastructure is in place at double plus current market rates.
Hi Groover,
Yes we can survive this. Although there are only 40 confirmed cases in Georgia, crises managing this situation remotely must be exceedingly difficult but I have no doubts the management will be bleeding to keep everything on an even kilter. We just have to accept what's happening could not of been foreseen and to let them get on with keeping their heads above water. As they say it'll all come out in the wash, and I for one am grateful that the driving force at the top with all the contacts is young and fit.
Georgia seems to be quite away behind the rest of Europe in terms of numbers.
"Coordination Council was briefed that 637 individuals are quarantined at present and 54 remain under monitoring and surveillance at healthcare facilities of the country."
I wish I was getting in at this price V111JAS, I'd have over 1.5m shares. It is what it is. Think it will take a solid 12 months before we start to climb in earnest. Decent flow rates will help but it'll be a good old fashioned healthy balance sheet that will do it. We'll not see that this year, but I haven't lost site of my target. Saying that I'm always open to a gusher to get me there six times as quick. Just ask Mrs Maladoni.