Member Info for NigelHaemoglobin

Dividends are years away, not for this generation at all.

Is this the earliest date that gas can be exported via the Maghreb-Europe-Pipeline?

https://www.zawya.com/en/business/energy/shell-to-supply-morocco-with-lng-in-12-year-deal-x0utjknp

Nope

They consolidated the shares of existing holders before the issue of new equity.

Two stages of dilution then possibly offset by prefs (dependent on their value).

Perhaps I can help. Your post share consolidation price has not been actioned yet, this is frankly strange.

If I may, with a 5:1 consolidation the sp will rise by a theoretical factor of 5 and not reduce by a fifth.

The problem with miners is identical almost to O&G, endless placings to explore and appraise.

Possibly it will still go through. My concern is funding/placings, this risk is far lower with just EG to contend with.

Ireland remains a remote possible.

At some point a form of kerosene supply stability will return, at that point the larger, leaner operators will smash the weaker ones.

The dividend may be under threat here, my view is to let any Summer schedule disruption play out then watch over this Winter. Taking great care to exclude any possible RI's I would be looking at next Feb-April for carefully limited buys.

Agree and there will be a huge amount of punter interest in the well even if they are not fully researched O&G investors.

Could Donald's complete lack of strategic reasoning put FEL 4/19 back in the frame? Perhaps give the Cloughton decision a boost?

Can anyone see this existing more than a year? News incoming re S.A in months augurs well for a baseline sp of 4-5p, add 50-75% uplift for a bid and we'll be gone.

A disgraceful performance, in essence he does not thank LTH's for shouldering risk but seems to welcome 'real' investors as a welcome replacement to the steaming, annoying mob.

Having learned the hard way to play the swill-troughers of the AIM sewer, sometimes by being in the game and occasionally via close study of slime (PRD), I am in healthy profit here.

They won't last, will likely get taken out at 5-7p or fail due to extrinsic factors.

Let's wait and see who the new investors are or who has increased. Just buy the dips, if you can call placings play the game accordingly.

This one was difficult to call, I missed it. It is obvious now that HA was having his dangly bits squeezed and had to use his initiative and experience to solve a problem.

Would prefer to see him tightening his belt though.

Bit of a worn out trope re 'shorters'.

Don't think it was an easy decision at all. Not elated with dilution but mitigated by adding more (not the retail offer).

I honestly don't see what he could have done differently. He clearly would have waited, in an ideal world, to raise for exploration. As for TK funding if the streamer became risk averse (for obvious reasons) and the banks, BCM etc were biting his ankles what could he do? The banks would clearly have an opt out in the event that full funding was in doubt.

I wonder if TW will change his mind on this?

Well, that one slipped by me however, initially concerned that HA was swiping as much cash as possible due to imminent commodity price drops I changed my mind.

There was nothing in the tank for exploration/appraisal and we have absolutely tons to do. We would not have had anything 'in the tank' for two years to fund exploration.

That said he could have been somewhat more patient and allow mcap to evolve, thus avoiding dilution.

Look at the 'interesting' planning delays preceding Wressle being brought on stream.

Meanwhile our gas prices could surge up and down for years due the Gulf.

What is it with PI's, typically arrive far too early, shoulder all the financial risk then get bored and shoot off.

Done it myself to be fair. Have a look at companies approaching or at the commercial mining phase.

Harry always delivers, he's just teasing you!

Well we are safe enough now and the rns's restatement of use-of-funds along with the rationale for the fund raising is welcome.

I remain watchful and sceptical about well cost overruns. A very common event.

Shares in accounts at 55% allocation of requested amount.

There will be a TON of interest in the well though.

Agreed. I reckon we will have swallowed Askari within months.

I have a thought, just one. KEFI will have a good proportion of Askari within six months. How will KEFI pay for it? Placing but based on a much higher mcap ie v low dilution: value accretive.

Just speculation but Askari are miles behind...

Inishkea? I would forget it. Ireland are far more likely to lock themselves in with a fifteen year LNG deal. All hope for a Corrib #2 kiboshed by modifying Moneypoint to a HFO powered back up facility.

PRD'ers still deluding themselves as well...