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Levi I get where you are half are coming from as I’ve been in awhile as well. The reason I’m still invested here is the progress that’s been made to the business, which is now self funding as Brian said in his recent interview. Slow steady production increases and the possibility of Jamaica are all ahead of us. There are not to many well connected self funding full cycle O&G companies on AIM, at some point the market will wake up. When that is I don’t know but this is a safe bet given the steady progress.
I always laugh at the kind heart souls that come on this board to warn everyone of what a poor company this is. They then claim to be invested which is complete BS, I urge all holders to dyor and not listen to the derampers. Email the company, I have and I’m reassured that all is well and genedrive will come good.
If United do all of the working up of the Tullow seismic data, they could get a major back in very easily. Remember the only target that is de-risked is Colibri. The other 15 prospects all need work done to them and if we can de-risk some of those bigger prospects them majors will be interested in a possible multi billion barrel oil licence
They will get finance and to imply they can't is scaremongering. The terms of the finance is whats open to question. SXX need billions of pounds to get to a point they are ready to produce and sell their product, TRX need working capitol to continue expanding the business and meet the demand for their products they already sell.
You can't compare the two company's. SXX are at the beginning of building a massive plant that's costs billions. TRX is producing and ready to massively increase production to keep up with demand. Yes they need finance which imo won't be hard to arrange.
Guys panic is setting in but we need alot more detail from the next rns. I'm hoping for something along the lines of 20ft oil where we drilled but tests show thicker sands nearby, the data has provided us with the perfect location for next years production well. production still on for next summer. Now I know that might not happen but its still very possible and serenity is the saving grace if it is bad news.