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Last hour turn blue. Set up for tomorrow.

Whoever was selling mus be out.

Can't buy

News on contracts must be lined up. Should be good for 2p+

Let that interview sink in. So many positives and sounds like customers are looking to sign contracts. Debt turned to an interest free loan and cash being used to secure contracts.

Https://www.proactiveinvestors.co.uk/companies/news/1039808/ethernity-networks-experiences-positive-growth-and-restructuring-amid-tsp-process-1039808.html?viewSource=TwitterUK

Mesquida, I think you're right. Jemgeee probably know's someone on the farm out side.

MM's trying to hold this on the wide spread 1.35/1.45.. gonna have to let it go!

MM's will get too many buyers down here to cope.

There was certainly a lot of buying at much higher prices this morning. Probably mm's are short of shares and trying to keep a lid on.

Going back up by the looks if it goes blue should recover.

A lot got burned his morning. Will put a cap on any rise as they try and get out.

I hope so Jemgeee. Whoever it is, they will be getting a fantastic project.

Argies getting uptight over oil execs visiting the Falklands.

https://en.mercopress.com/2024/01/29/former-argentine-combatants-allege-illegal-flights-to-the-falklands

The lack of comms is abysmal. They just won't give updates. They say they can't. They really need to do better in communicating what progress has been made. They can do that in a general way without compromising negotiations or confidentiality.

You can be sure good news will get released right away. Bad news will take longer to announce while they try and fix it..

Don't be surprised if Navitas hook up with BOR.

Only that Darwin requires less wells. So costs are minimised. Phase 1 development costs $600m for 3 wells and 26-30k bpd production with payback in 2 years at $60 a barrel or one year at $90. Self financing thereafter. Unbelievable.

It's an engineering study that has been independently validated. If's and could are related to there being no finance. Same with RKH. All if's and could until finance sorted.

• B&S have designed and had validated a phased development scheme that minimises initial capital expenditure and offers accelerated payback, allowing project expansion from free cash flow.

• The appraisal and development wells could be compressed into one drilling campaign

- the first well would be cored and flow tested

- if flow rates confirm our reservoir modelling predictions, the well could be saved as a producer

- two additional wells could then be drilled, a second production well and a gas injection well

- pre-FEED studies could be initiated as soon as the successful flow tested has been achieved

• The phased development scheme delivers maximum flexibility for capital allocation and growth

- the 26,000 bpd initial development of Darwin East could be increased to 70,000 bpd by expansion to Darwin West

- exploration drilling could be incorporated to increase the total discovered resource

- B&S has a full prospect inventory that includes in excess of 1 billion barrels* of near-field prospects

- constraints will occur from FPSO vessel(s) size selection