The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Plonkers selling and shrewdies buying.
Next week is what I'm hearing.
Nice price Rookie. The chart looks to be pointing up, but we are going to need some news. I just hope the new CEO arrives with all guns blazing.
It feels like the start of activity. A lot is happening with the Falklands and it's oil and gas. The UK government are taking a keen interest and I hope Harry Baker will put some meat on the bones of what he's going to be doing to get Darwin up and running.
Yes Gus. They've changed their tune.
"It's net zero, not zero." and "the UK could be prepared to back the Falkland Islands government to use its own financial clout and borrowing power to support oil exploration"
All a bit of a turnaround from a few weeks ago. Sounds like the UK treasury will back the Falklands. It's not zero. It's net zero...which means we can fund oil drilling.
With the sp looking to move up, they decided to granted the options at yesterday's share price. Could have done it when the CEO took up his role in a couple of weeks time...but they've granted them now at 2.3p...anticipating the price is going to rise. They have the inside knowledge.
Have they done this now as they know the sp is going to rise. The new CEO hasn't even started in his role yet. Curious timing.
Is Mr Calgary going for more shares? Carry on buying to 11% and beyond?
Surely he will get to the magical 100 million shares.
Offshore wells aren't flow tested if the reservoir pressures, porosity/permeability are indicative of moveable oil. Borders took samples at depth under reservoir conditions and know the condensate is high quality with no impurities and that wells will flow at 10-15k bpd. Independent CPR confirms volumes and recoverability which with gas re-injection is high, up to 65% of the resource. There are no doubts about the field and it's commerciality. It's a low risk project that will attract funding.
Whatever the funding or deal is, I hope the new CEO is more communicative and goes out and does PR and promotes the company. The fact Harry Baker has invited Malcy to meet the team and see the data and work they've done does mean confidentiality has been lifted, unless Malcy has to sign a NDA...but unlikely, as he is an oil and gas journalist. I'm sure he will be impressed and report back his findings.
Or just straight forward debt finance for 40% of Darwin and the other partner funds their 60% and be the operator. The fact Obee is leaving means that another geo/exploration drilling team will execute the project. Navitas have a dedicated team in place. Maybe Navitas wanted too much of the licences at 80-90% of a farmout and BOR said if we fund our own 40% you only need to fund 60%, therefore Navitas can't say no if BOR come up with the cash.
It's cheaper and easier to get to first production at Darwin than it is Sea Lion.
Not a guess..it's from the CEO.
Load up here, it's the base. 1p technical breach test. If it goes back above then it's done.
It's been coming for some weeks so when it arrives whoosh...
Just news..who knows however any contract news will catch a few out. Could be anything.
Fill your boots time.
Wow this is so cheap. Can load up at 1p. Contract news anytime by all accounts. Easily run to 1.5p