Member Info for pablo_escobar

Yes the santos Baya Undan pipes to Darwin. It’s 502 km long. Boil/partners would have to build a 100km connection to Baya @ circa $1million per km.

They have been matched with buys so probably bed &Isa. Makes sense at this price.

Australia going woke can only mean good news for Boil. Woodside will have no other option than to FLNG or take to TL. I think this is the 1st time I’ve been happy to read some woke green agenda bull****. Expect some movement on the development now. GLA

Why would it ?

I appreciate that. However, a TL facility is still not and never will be feasible.
They can use the revs from Darwin to build infrastructure/create jobs ect ect in TL.

I still do not understand where the stalemate lies. Around $16billion to build a facility in TL or around $1million per km to pipe to Darwin plus some cost of upgrading Darwin slightly.
Darwin being significantly cheaper and quicker as the infrastructure already there.
The only conclusion I see is TL grandstanding for a better deal.

So new tr1 level 630mill based on 18.9 billion shares

Kammy. You are correct on both. The placing was forward sold and those in the know shorted the hell out of it with absolute confidence they were buying back cheaper. Look at the billions traded a few weeks back. That’s when the placing discussions started. Exactly the same thing happened in the last placing back in April. Boil had 3 consecutive record trading days, a large price spike and crash, followed by a placing announcement a few weeks later.
The whole thing stinks of insider trading and the FCA should really be informed as this is the second time in a year this has happened on this stock.
It is not right Allenby and their inside investors are allowed manipulate the stock like this.
I do believe holders will be handsomely rewarded as fundamentals have not changed and the prospects are good.

Cali cartel says time to burn the shorts ??

All placing rumours are unfounded. From the interim results in August they had a cash balance of over £2.3million. That provides a cash runway for at least 1 year.

“”Key Points



·

Considerable technical advances made on Chuditch, offshore Timor-Leste. Our geoscience team are interpreting the improved subsurface image resulting from the TGS 3D reprocessing project and integrating it into a revised evaluation.

·

Likewise, in UK Licence P2478, the 3D seismic reprocessing project and geochemical studies have been received and re-interpretation commenced on schedule in July. The revised evaluation of the prospectivity of the licence, including the Dunrobin prospect, is anticipated to be delivered during Q4 2022.

·

Relinquishment of legacy Block XXI allows for an orderly withdrawal from Peru.

·

A Placing and Subscription in April 2022 raised approximately £1.65m gross (net £1.5m), primarily to progress the Chuditch and P2478 projects towards their key milestones.

·

At the end of the half year period, the free cash position stood at £2,365,000 “”

They have circa 9m cash so would not be able to continue to be listed. Alm is around 75% institutionally held so yes they must be onboard. PI’s don’t generally vote in the Agm’s and if you look at the voting pattern, it matches the institutional holdings for votes against remuneration. My take is they back the delist but not the remuneration package directors want. Effectively they do f#ck all as the subsidiaries run themselves.
Companies generally sound out larger holders before any major decisions.
Delisting is not actually bad. Anyone still holding now ain’t selling anyway so what’s the difference. Cash will be returned to shareholders as and when the various subsidiaries are liquidated.

I would presume they already have the backing of the institutions. Not sure on the numbers for this but guess they would need 75% support to delist.
At the end of the day they have circa $9mill in cash and £6 mill running costs so would not be allowed to stay listed anyway.
Hopefully the remaining $ can be used to support financing for orbital. Give it another year and those that haven’t sold now should be rewarded. GLA

We would still be paying market rate for our o&g whether or not we produced our own. Otherwise that o&g would go to the highest bidder.

Nothing. Remember they bought the asset back from shell. Also if they were to take licenses away from companies, firstly they could be sued and secondly who then would waste time and money going in there with the threat the rug could be pulled at any stage

HFB. Noted Woodside’s valuation @ 0. This is also common in O&G sites that will not be explored in the next year.

Anyway know what and if ENI paid for block P ?

I’m on the fence till CA communicate a plan.

http://www.alliedminds.com/assets/Allied-minds-EGM-2022.pdf

Evidently not

Sorry Lewis. You know nothing.