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The "buy" at 09:04 was not a buy. Also there is one missing at 09:11, not a "buy" as well...

I think if we sold off the Upstream side, sacked Wallace and CO, and gave all that money to the Renewables team, we would have 10p+ by 2027. A guaranteed stable growing, income bringing business, not dependant on oil prices or Wallace's diving rod. All without 4.3 billion shares.

IMHO

I will. Can't promise I will ease of the snark tho, but I believe I have good reason for it.

The Upstream(O&G now I guess) side has produced literally nothing in the last 18yrs apart from more shares. It's just an endless money pit that has nothing to show for it, just 'maybes' and 'what ifs'.

For over a year and a half after the Anchois debacle, which tanked the share price, Upstream has been like an anchor holding us at the bottom, where is the Renewables has been steadily growing and developing from what scraps were left over. And now that it's picking up steam and developing in to a SOLID future proof income making business, here comes the old anchor again, dragging us down with more shares, maybes and what if's.

I imagine what the rewables side could look like today with the money the Upstream side gobbled up and honestly it p*sses me off.

You can f off whinemax. I'm invested here, so I will speak my mind on the matter as much as I want.

"This is a further example of Etana delivering on its strategy and underlines how its business model is addressing both the supply and demand for renewable energy by enabling and instigating the build of these projects. Etana is executing its plans at pace, closing projects expected to generate in excess of 500MW in the last 12 months, and is, in turn, serving to help redefine and enhance South Africa's long term energy infrastructure."

Etana has one hydroelectric project in operation, over 400MW of wind and solar in construction, and a 500MW+ pipeline of shovel-ready grid-connectable renewable energy projects, underpinned by secured payment guarantee facilities. "

They are steadily going for 1GW, part of which will be a double income stream as we will own stakes in generation as well as trading.

But sure let's dilute the 💩 out of it and sell it so BoD can play oil barons. 🤡🤡🤡

Meanwhile "Etana Energy Secures Further Offtake and New Solar Project Reaches Financial Close

Sole supply of 150MWAC will deliver 478GWh per annum to Etana customers"

If only we wouldn't be diluting the shares to the ground..

If only there was a tool, that's been rapidly increasing electricity demand(electricity for which we have a business which is doing quite well, compared to the fart side which hasn't produced nothing in 18 years apart more shares), into which you could feed the RNS, and then ask it questions about it and get some proper answers instead of bickering amongst your self here .. if only there was such a tool..

P.S. we are doing great. At this point they should cancel Artemis II, as we are clearly going to the 🚀🌝

1.36p.. boosting nicely 🚀🚀🚀

Well the SP is definitely boosting materially.. the shares and warrants haven't even hit the market and we are already sitting 1.38p.. happy days.

Do you see this 6-8p like you saw this raise coming?

One final though. They should have sold off the gas side and sacked Wallace and the rest of the team who couldn't find gas if it was coming from their well fed farts and put it all in to renewables.

No dilution and a well funded business with a future.. if only.

Also you say we have a renewables business worth £50-75m. That's on 300mw confirmed capacity.

Now riddle me this. How much would this business be when they reach 800mw to 1gw capacity?

Was there 4 billion shares when it hit that for Anchois? Anyways it's all fked now. Even if they do split the business, our proverbial cherry is being divided in to 4 billion pieces.

This company is literally regressing backwards. Tying our diluted asses to whims of oil prices. Transitional energy.. what a joke.

@Oiltdr You still bullish at these prices?

I'm sure there will be a positive impact on the share price once the billion and a quarter new shares with warrants attached to them hit the market 🙄

@harrycarter You are an idiot. And your comment regarding renewables confirms it.

"Renewable energy is experiencing unprecedented global growth, with

clean sources generating over 40% of the world's electricity in 2024. Driven by a surge in solar, which doubled in capacity over the last three years, renewables are set to overtake coal as the leading source of electricity by 2025/2026.

Key Trends in Global Renewable Growth

Record Solar & Wind Growth: Solar PV remains the fastest-growing source, accounting for over 80% of new capacity, with wind also expanding rapidly. Together, they reached over 13% of global generation in 2023.

Dominance in Expansion: In 2024, renewables accounted for over 92% of all new power capacity additions.

Key Players: China drives the majority of growth, contributing 55% of global solar expansion, followed by the US and the EU.

Future Projections: Renewables are expected to meet over 90% of global electricity demand growth between 2025 and 2030. By 2030, nearly 45% of global electricity is expected to be generated from renewable sources.

Drivers and Challenges

Drivers: The primary drivers are falling technology costs (especially for solar and storage) and supportive policies.

Challenges: Key challenges include integrating variable renewable energy into grid systems, supply chain vulnerabilities, and financing for developing nations."

Renewables ARE here to stay. There is a reason there are now solar farms popping up next to factories even here in north east Scotland where I stay. There are plans progressing to expand the harbour in the small town that I live in to support offshore wind farm vessels.

Apart from the initial CapEx(which is not high), OpEx is low for solar(panels last 20 years with minimal maintenance) and not that high for wind.

And yes I agree, the BoD are clowns IF(key word) they are thinking about selling the renewables arm. They have built a business that is scalable and has virtually endless potential for growth and stable income, till we are all dead and gone. And putting the money in to energy production of an by gone era for some short term gains, that to me is mind boggling.

Just like they done their due diligence with Energean for Anchois?

Bla bla bla f king bla.. running out of f king money.. AP had money to go get his space jollies rocked.. but oh noes.. we are running out of capital again.. lets smash the shareholder piggy bank because why not.. the mugs can take it..

If rewables are worth so much, why not have a small raise to carry while it's split and sold(wasn't it what they raised money to do in the first place last year) and then buy all this 💩. Instead we get over a billion more shares (not counting the warrants) and the promise of sunshine and rainbows.

Heard this song and dance before..

Well that makes it simple then. I was holding on in hopes of getting a piece of the renewables(as that is the future like it or not). But if they want to get rid of it(and bet everything on the Blockbuster of energy) then I'll be piecing out of this train wreck the minute it gets close to my break even point which is luckily below 2.4p now.