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Crusty, the 16TCF is only the area of the licence that has been 3d surveyed. It does not include the extra 4 blocks that have yet to be 3D surveyed. Hence there is considerable upside to 16 TCF.

Still cheap. Mcap not even £100m. Institutions get involved when £100m Mcap is reached. Big money waiting.

Development licence was originally only for the Ntorya discovery area. It's now been extended to a further 4 blocks. So now we have 9 blocks. The 4 extra blocks allow for exploration and any discovery to fall under the development licence for Ntorya. What they are saying is that Ntorya is an onshore leviathan and clearly the 3D has picked up that the field continues into the adjacent blocks.

I expect some serious money to move into this now. Way too cheap.

Crusty. It's a coup by ARA to bag another 4 blocks next to an already huge discovery onshore. Huge!

"Further discoveries in the adjoining blocks will fall under the Development Licence".

5p coming.

They have been granted an extra 4 blocks all to come under 25 year development. This is huge as it means AEX/ARA have even more acreage.

Wow... extra 4 adjoining blocks granted in the development licence..Massive. The gas field on the 3D extends even further.

Ah well... up 0.15p, 6.38%

Never mind.

I don't think you can dismiss these things that easily. Russia and China are likely to make a claim of any oil in British Antarctica if they think there is 500 billion barrels of oil in the Weddell Sea. It's an extremely valuable resource. It can easily be extracted, as mentioned in the article.

They better hurry up and start getting the oil out of the Falklands before Russia and China nick it all.

https://www.dailymail.co.uk/news/article-13429229/The-scramble-Antarcticas-black-gold-Russian-discovery-huge-oil-reserves-UK-territory-Falkland-Islands-worlds-valuable-real-estate-Putin-Xi-eyeing-treasure-frozen-seas.html

So they do a small raise at 1p, a 30% premium to the sp and the sp is below 1p??

Fill your boots.

Finish blue ?

Obviously when the development licence drops the sp will bound onwards to 2p or more. Any pullback is a great chance to buy, although it won't last long and MM's are not going to give much away as they know 2p is coming.

Rookie - I think you'll find it's more than £1.5m. Mr Calgary has 75m shares and has bought between 1.5-7p. If his average is abut 3p then that would be £2.25M. I think it's probably more though.

That is interesting.

The annual report will have been written by now. Probably with the Nomad before printing.

Someone's read the annual report then.

Eco, Baron, Deltic, Challenger, Orcadian, Rockhopper, Longboat. There's loads.