Member Info for Orchy

partly based on the GSA yes but if the metrics can be agreed then purchase price is simply adjusted based on final GSA agreement.

guess its highly unlikely but with CORO's recent statement that they are actively seeking an asset sale and the delay who knows.

feels like we have been waiting forever and a day for the GSA news... surely has to be this week / next!?

has a GSA ever been announced in conjunction with an asset sale?

great volume today, surely we will see full and final conversion RNS this week for the remaining CLNs.

20m traded! The more traded the better, if we see a move through and hold above 12p that could well be a strong indication the selling is cleared.

CLN providing bargain of the century, 12p to buy after today news? should be 17-18p imo.

fantastic update!

First need the news of the gas sale agreements which is overdue!

Not sure if noted here but CORO recent announcement extract below. CORO now actively seeking an asset sale.

· The Company will continue to actively pursue and support Conrad Asia Energy LTD, as the operator of the Duyung PSC, to pursue the sale of the Duyung PSC asset; and

· In the event of a sale of the Company's interest in the Duyung PSC, the net cash proceeds of such disposal(s) will be utilised to first repay the capital and rolled up interest on the Notes and thereafter to distribute 20% of remaining net proceed(s) to Noteholders. The remaining net proceeds of any sales will be retained and/or distributed to shareholders by the Company.

great to see the well has spud and making good progress, Tom clearly is going to be updating us at every stage which is great. first move above 12p has been rejected, obvious CLN still being fed into the market but volume has been very decent last couple sessions so a matter of time, once that supply of stock does dry up then we potentially will see some big movement and difficulty buying.

Company performance aside, how much do you value the 15% interest in Duyung with a signed GSA, appreciate full details needed but even with debt got to be multiples of the 10m mcap?

A break through 12.1p opens up 17/18p according to Mr Mir.

Looking at volume I can’t imagine there is much left for the CLNs, expect to see an rns this week to confirm final conversion which we suspect are already forward sold.

Spud confirmation tomorrow and the eagerly awaited GSA is due any day now.

Exciting times all!

Gaz, our most valuable asset!

Really good volume again today, get the feeling next week the brakes might come off.

Fair play to Gaz, they genuinely deserve to be made extremely rich with this company. fingers crossed.

does someone have a summary?

I did join the group briefly but could only see some selfies of Steve Larat and his sausage dinner so gave up at that point and left lol

Rig almost on location now, things about to get very real and exciting for EME!

Great volume today which will help clear those CLN, just need that GSA to land!

is it on the move yet? can anyone with marine traffic access confirm?

Volume is key here, CLN keeping SP in check but couple good days of trading and should clear. once they do could be very interesting!

a GSA would certainly help

Difficult to value, ultimately will be what any potential buyer is will to pay in the event of an asset sale. That said the gsa marks another commercial milestone and enables projected cash flows based on development plan, I.e. a more specific valuation can be applied. Certainly worth a lot lot more than 3/4 months ago due to market prices which are being reflected in the agreement according to gaz!

You then look at Coro quite rightly @15% interest and think their mcap is cheap, I’m sure both can do very well out of the project but it’s EME for me with Jade approaching.

ideal, we can wait a few days, 6 years in the making so few days doesn't matter to me.

hoping GSA catches a few out

all but doubled in 3 weeks to 12p, bit of profit taking was always bound to happen.

News could land any time on GSA.

Rig hopefully move over weekend.