Member Info for matherdj

That's the point. On their website it still has that info there incorrectly.

Stop trying to guess?

'Not a spanner, the correct way to proceed. They might even prioritize an area in which CH1 is expected to be drilled without carrying out the full commitment'

Let's wait for the OCM and do just that Bucks.

We'll find out soon enough after the OMC. It would contradict the communications so far if they did wait for seismic and also be strange to plough on with drill preparations earlier in the year including building access roads.

Surely Crusty you think Q1 is achievable? I would say Jan/Feb is likely with seismic starting this year as long as the services are available.

I'd imagine this isn't helping with confidence bbc.com/news/world-africa-54703693

Do you know what a PSA is?

@rojo, yes I should have known better than to ask.

Interesting Bucks. I guess we'll see their (scir) intentions on 2nd of November.

Is it really relevant Bucks? The operator will move things along regardless and scir need to either fund it or lose it (if they still hold a percentage).

I hope you are right. Hopefully the market cap will be in better place if additional funds are needed and it will certainly be worth holding in there by then.

OG, they'll likely want to drill again after seismic results and I'd expect that to be before production begins. So scir may need to fund more than just the current work planned before money is coming in. There is also kn1/ks1 that may get approvals including seismic there too.

They'll start PR after they have a drill date/month confirmed. Pointless doing anything until they have something certain to say. I'd expect all that to be laid out at the OMC.

They need an opposite of recommend on these boards. Dear, dear.

Yes and I was going to mention the receivables too. They will surely pursue those over the next few months over any fundraise and if successful look for income from kn1. It's just good old Frank again.

Fundraise is very unlikely. They have enough cash to keep going till May 21 (perhaps a bit less due to interest on the loan now paid). The Zubaire's have shown they prefer not to dilute if possible over the past year. Share price will likely be much higher well within the time they have. Unless it's for something accretive it's not going to happen.

Aminex - whether there is a deal or not. DYOR though.

I haven't sold any, Max :)

I think that's just fjones doing his norm. Shouldn't be much longer to wait.

It was only a friendly poke at you, Max :) It's been a struggle for everyone involved, but good times ahead as you say. When I spoke to them yesterday, the message was very bullish too.

I thought they were all Pillocks, Max?

Isn't it obvious? The message will remain the same until the next RNS, but my general take was positive.