Member Info for NewKOTB

Once SQZ fills the gap i'm most likely to sell majority of my holding here, unless game-changing news arrive prior, Mercuria are executing their plan to perfection afaic & can not see way forward atm, although apparently the TW deal was the bees-knees.

Down >10% from 240 Friday following pull back on Brent with NBP DA staying virtually unchanged... thank goodness for having 50%/50% mix, not !!!

Thing is, there are several divi paying stocks that are on par with SQZ give or take a few % that show more potential and with the show not run by a third-party Trojan horse.

aimo & dyor

If these are indeed the tranches finally being taken, ( as I believe is the case) coupled with today's RNS that is serious news in itself. :-)

Also a trigger signal to buy imo, although given that, will the other 24m be wanted at lower than 6.5p is the question ?

"Interesting who is the buyer behind these large volumes..."

Could we at last seeing the take-up of the first tranche, given today's RNS and the way our SP was crushed, 6.5p appears to be their preferred price-point to buy..... 12m in first tranche, approx ~12m mid-point traded (probably buy) !!!

aimo & dyor

"Extensively studied with >US$300m spent on technical studies and drilling to date

✓Bankable Feasibility Study Complete.... " ...... note 'BANKABLE' !

So, in other words ZIOC are at very least, fully expecting return of $300m (~£244m) or x5 our current SP.

Page 3:

https://www.zanagairon.com/wp-content/uploads/2023/11/Zanaga-Investor-Presentation-1-Nov-2023-1.pdf

Clear suppression of SP today imo, need those pesky tranches away asap.

aimo & dyor

S86,

"It’s fairly clear we’ll be going into production ourselves with the ‘strategic entity’...."

It that's the case, would have to be on FREE CARRY to production and therefore probably retain between 3-6% (~1.5 to 3%) plus of course, cash, lots of it, aimo !!!

Someone wants to contain the SP today, that's for sure, oh & no news on the first tranche either, co-incidence !!

aimo & dyor

To be expected NT to buy atm ...

For those who are not familiar with the clown in the town, it always posts vax rubbish after hours to SPAM HBR and other BB, simply DO NOT FEED THE CLOWN, just REPORT, REPORT REPORT and Admin will do the rest.

TIA

You all know what to do ...

TIA

Utter tosh imo.

B4N,

Hi, yes my mistake, of course FLNG, FEED has been underway for ~18 months now as for lead-times, who knows what our future partner may or may not have 'to hand'. Agree, achieving EIA approval is critical for farm-in partners to closing a deal. atb

aimo & dyor

Wiggly,

Just need, nothing more (other than being invested), cometh the day, cometh the rich man .... a little :

https://youtu.be/273eSvOwpKk?si=U6COFbkMIcb0S7-K&t=5

aimo & dyor

Sasa,

Morning,

Alternatively, Mercuria could look at it as, feathering one's nest ..... !!

aimo & dyor

Logically, production could start within ~12 months using FPSO in service for a year or two on contract whilst sub-sea pipes, onshore facilities and export route are completed given the right partner.... just saying !

aimo & dyor

"After it is disconnected, the Western Isles FPSO will be towed to shore for potential reuse. The vessel will be recycled or disposed, if it is not reused....."

I would have thought, particularly with reference to NS, any FPSO that is able to be 'reused' extending its designed CoP for cost effective expenditure would find a willing home, off the top of my head I can think of at least 3 suitable candidates, if not plenty of other options outside of UK waters.

aimo & dyor

Before any clown points out it's Thursday ...... they are missing you :

https://www.facebook.com/BillySmartsCircus/

.... really, really don't want to be out over any weekend, particularly after EIA approval for Anchois.

aimo & dyor

"Serica have been awarded Block 29/2a in the 33rd UKCS licensing round, it contains the decommissioned Kyle oil field and it is clear that after a bit of TLC from Mitch and the team be a tie-back to the Triton FPSO, very smart move…..."

"EIA approval for the Anchois project is indeed massively important for Chariot as it provides the vital permission to go ahead with this key project and perhaps more importantly further de-risks the ongoing development. Indeed, on this front the partnering discussions are continuing but there is a heavy nod here in the words ‘close to conclusion’.

We know from presentations at the Morocco Summit last week that activity in country is moving on at a good pace across the board, see my blog from Friday where I comment on the onshore drilling programme which is on schedule. Indeed on the fact that Eni are drilling the Cinnamon-1 well offshore which in the event of success provide another spotlight on the country.

My long term Target Price for Chariot, which includes the renewables business across Africa’s mining business remains at 100p...."

" insufficiently reflected in the current valuation," said Berenberg....

In order words, an acquisition target atm.

aimo & dyor