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Payment for the first £7.5m is nil.
Payment for the £3.75m put option if any, also likely to be nil
See RNS 16th Feb. Dyor

Just the usual all talk and no trousers we get on this BB. imo, dyor.

Those that stick at it when darkness is all around and never give up, will be rewarded.

Oil at $64. BPC projections costed at $40. $24 difference !!
Would like to see some revised estimates on current production and the targeted production. Can only be good, imo.

Hope they get some news out now. Buy buy buy. Lol

Had to nick a few Yonny. Let's see where we go with the next run of news and drilling. Can only be good imo.

Not sure what the moaning is all about. We had our run for the money. Some will say they lost because they sold. That really is down to them and no one else. This is the real world I'm afraid. Harsh for some but accepted by others. Those who have held know there will be another day and another run for our money, and they are prepared to wait, rather than crying over spilt milk. dyor.

This was a buy. I can vouch for that.

I gather the BoD and BPC staff are working very hard to get the work programme started in T&T and Suriname, aswell as increase production from Goudron and the other fields. Doing this at the same time as the team in Houston / Nassau analyse the P#1 well. I can see why Gneiss are taking care of the farmout process. There's just so much bloody work to do. That's why it's so quiet. An update will be coming as to where the land lies, dyor

Hi Yonny, I will do my best. Likewise, if your antenna picks up anything regards the farm-in, then cryptic comments welcome.

Must be getting ready for some action in Tanzania.

Crusty. We won't have to wait until 2025 for an increase in value. As each well gets drilled in the field development there are catalysts for the sp. If there is a final investment decision to be taken late 2022 for full field development to gas production, then $35m could be owing in late 2022 if ARA don't go ahead, although highly unlikely given what has already been found at Notrya. The joker card is if CH-1 finds oil onshore Tanzania.

Aminex would be entitled to the balance of the remaining $35m not spent.

21alpha, Agree mate. It's a set up for the big boys.

He certainly sounds like a self harmer. So many on here at the moment, unfortunately. Time will purge them.

Gosh Garry, in the penny share game, when you're letting your heart rule your head, it's definitely time to quit. Explains a lot of your posts, imo.

Same pattern before farmout RNS was announced.

Is it the case MM's have a way to know what's in an RNS, presumably leaked via the NOMAD, and if they like the look of it, shake out holders so they can get cheap shares?

Some weird stuff going on today.

Are MM's trying to shake holders out? Buys showing as sells with many more buys. 4.8m buys to 1.6m sells and the price drops 10%. What are they doing?