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Getting a bit fed up with a few of the posts on here..... so please refrain from childishness.... its a bit like a school playground calling each other names...... you know who you are...... you add little or nothing to this thread.... p.s. and yes I have nothing better to do while waiting on the phone for HMRC !!
Sold this morning for a nice profit having got in just after the last placing..... they need money or a JV partner for the announced work program..... I will probably regret if they get a JV partner but likely to return if another placing..... had they been in dialogue with potential JV partners they would have mentioned it in the RNS..... GLA its been a nice profitable ride
OK LTI I get a bit frustrated with your lack of understanding and detail in your comments. Have you read the various reports that state the performance metrics for bonuses ?I also challenged you previously on the details of shares in issue, again something detailed in the annual report which highlights the additional but not yet issued shares related to various employee share plans.... so perhaps rather than glib comments old boy, dig deep and do some detailed homework before making flippant and frivolous comments to those comments that differ from your blinkered world...
I have been holding long term and after the Namibia drill put it in the bottom draw, lucky I didnt sell. Once more, time to tuck this in the bottom draw for a while. Hopefully the drills in 2024 (onshore and offshore) will produce results and some momentum.... however for now no news for the foreseeable future .... perhaps a short term side hustle play on rig contract signing then an exit on spud (assuming the traditional spike which is not guaranteed these days)....
Not wanting to put a dampener on things but this is a non-binding Heads of Agreement.... Pilot has been undeveloped for many years and you have to reasonably question why, unless I missed something..... don't bet the family silver, too many have got burnt on the likes of GKP, AFR, XEL, IOG... the list goes on. PLEASE buyer beware but at the same time sincerely GLA
It has ceased to be..... maybe a punt at 0.7p or below but a punt and nothing else..... bought some Hurricane at that level and turned out nice.....
REFER TO PAGE 82 OF THE RELEASE - they have issued 2.53 BILLION shares in share options and wards since 30th June 2022 which at 44p share = £1.123 BILLION
On 30th June 2022 - total shares in issue 71 billion - today 67 billion, i.e. a reduction of 4 billion shares over 18months = £1.76 billion of effective buyback to shareholders..... guess we split the buybacks with management 61% to shareholders and 39% to employees - no wonder they prefer buybacks and don't reward through dividends
Yep, I sold 25/8/2022 @35.5 ...... possibly the only stock I ever got right...... lets not talk about GKP and Afren !! GLA I really mean it but with only dilutive news on the horizon and a weak forward gas price curve I can see no reason to get back in, however tempting psychologically the share price may seem.....
So "mechanical blockage" - they have all the kit on the rig to test the well so will also have a wireline unit.... why not just make a drift / gauge run to below the isolation valve in the tail pipe to validate this NOW ? All seems a little fishy.... unless it is a fish.... those in the know will understand that !!
Does todays RNS mean we are now guaranteed 6.02p payment and we are just betting 1.5p on the DCU's to return up to 6p ? Has anything changed ? Has there been another offload to provide the additional cash or am I being dumb here.....