Excellent opportunity if your willing to wait a couple of months for your returns, ADV will be much higher in Q3 and at spud. Being able to buy in sub placing is a gift, institutional investors know more than I do about financial investments and would be privileged to inform about the field and its value and chance of success so if they are happy to put in over £20m at 2.6 then I am happy to take advantage and get in before the crowd arrives.
Impatience that is all, drilling to start Q4 and plenty of other companies with news due soon. Can expect the SP to start picking up in Q3 and there will be alot of placing shares to churn through untill then.
Does anybody know the reason JOG are planning a platform instead of an FPSO, surely the latter is the cheapest option. Could an early production system like HUR be a good option for JOG as it would lower initial costs, get revenue flowing and derisk the project?
RE: Patiently waiting for 10p or less16 Apr 2021 09:13
With a Geological cos of 20% and a commercial cos of 15% I don't see the holders of the placing shares keeping them for results so we will see the SP being suppressed for some time, 100,000,000 shares is alot to churn.
RE: Tamarack Valley strikes deal to buy private Anegada Oil for $494 million15 Apr 2021 08:00
I recall the BoD stating no dilution at 5p so at 10p can we expect an acquisition? If i remember correctly the last of the warrants required an additional 5000bpd before they could be executed so is there something in the pipeline?
Todays drop has caught my attention, 10,000bpd and $28m in the bank with an uplift cost of $44. This looks like a $60m company to me, potential 50% upside. Is there a reason this is so low? Depletion is always apart of an oil company and workovers tend to solve this problem, would be nice to see the funds used for an acquisition.
Never knew petrofac was charged, If you follow the rns then no charges against PFC in four years and case is to be closed soon. As far as cash i believe PFC has £800m cash and a further £400m in facilities. Any fine that might come certainly won't be over the Mcap of the company and will be paid over several years.
3t energy is also the company that acquired AIS training and survivex, just look at all the training companies 3t have purchased. Must of being a good offer to secure the best known name in offshore training and corner the market for them, now only leaves mearsk training and nutec.
“The acquisition adds to our existing world class training facilities and customer service offer. It also cements our position as the leading provider for training in the energy industry, while expanding our capabilities into other segments.”
3t Energy Group is backed by Blue Water Energy, the specialist private equity firm.