Member Info for mikebassetts

Barmy springs to mind but i'll buy a few more when things settle down..

more like lets have some company transforming news..
had it with JOG and NCCL today

market cap at present is £33m and so there getting back a min of $60m (around £50m)
still a big gap

- Parties have agreed that Ncondezi's historical development costs to date and the Parties' future development costs for the Project will be reimbursed in cash as part of the Project capital costs at FC through debt and equity financing, subject to approval by the Parties and Project debt financing institutions.

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The Parties will now finalise and agree the joint development program to Financial Close, with a focus on achieving the development co-funding conditions starting with the submission of an updated electricity tariff to EDM and opening up tariff negotiations over the next 6 months. The tariff and PPA process is expected to leverage off existing development work completed and not require material external cost to the Company.

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don't know the historical cost but i guess another rns should be due maybe within the month giving the full details?

wonder if there's any shorts still open ;)

Director buys

he was telling folks to bail on the first spike this morning!

buyers all over this..

£2 is coming

£2 is what i thought possible for the week but it could be today?

ajax-your right ,lets get back to £2+ and they can do all the podcasts they like...

and the company has yet to do any video presentation on todays rns- proactive ,vox or Malcy etc..

hope we can get to £1.60 -£1.70p today - then we might even hit £2+ tomorrow..

with £13m cash and current mc at £25m can we say that todays news is really priced in?

valuation is really ridiclous but now up 60%..

could be belter of a day :)

been a difficult few months for lth but all about change..

news is always good here.
MC is laughable but it won't stay like this forever..

lets see how the market values this -i've no doubt in time this will be back over £2...

Andrew Benitz, CEO of Jersey Oil & Gas, commented:

"We are delighted to announce this transformational event. Prior to these awards, JOG's net share of discovered resources in Verbier were estimated at 4.5 mmboe. Today's awards add an estimated 105 mmboe of discovered resources net to JOG, in addition to a material uplift in new prospective resources. This represents a highly significant value enhancing milestone for our shareholders comprising 100% equity interests and operatorship of key development ready assets with the potential to create a major new area hub within the Greater Buchan Area.

These awards are the kind of value creating opportunities available to nimble independent companies operating in the North Sea today and stem from an intensive two-year work effort behind the scenes by JOG to prepare today's winning applications. By way of low-risk accumulation of discovered resource volumes, this is by far the most significant event for JOG since its inception and we are excited to start work on this new project immediately.

We are also pleased to enter into an option agreement with Equinor, which serves to demonstrate JOG's efforts to successfully collaborate and continue to strengthen our working relationship with Equinor as Operator of Licence P2170."

slowly moving up towards 60p..

not sure where this is headed but without some positive news it doesn't look good...

Not giving much away but looks like it could be too hot to handle ?

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

"We are pleased to have received the assay results from the two drill holes at Ditau. Kavango is now completing its own check assays at an independent laboratory in South Africa, which is normal industry practice. We will then be in a position to fully check, assess and interpret the results so as to formulate our plans for Ditau.

Currently Kavango's preferred option would be to farm-out this project to an industry partner, mainly due to its' size, plus the fact that our main focus remains the Kalahari Suture Zone ("KSZ") structure in southwest Botswana where drilling is expected to commence later this quarter".