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MM's tried to panic holders into selling by dropping the price but it went against them. They need to be more careful next time.

MM's taking a kicking on that drop. Losing money no doubt.

Wow !! strange drop in price. Huge buying opportunity.

Nothing to do with Ntorya and the Ruvuma Licence.

I bet Navitas are glad they bagged Sea Lion. All their focus can go on safely developing it while Israel is at war.

Jitters in the Middle East, oil supply being disrupted and major gas projects offshore Israel and Lebanon in doubt. BOR ideal to step up and companies look at the Falklands for safe reliable oil and gas production to replace lost revenues.

The question you need to ask is when this was 4p and they did a fundraise they could only raise at 1p...so the story could not have been that compelling with a 300% discount!..who wouldn't want to pay 1p.

Don't believe the revenue/profit until it's in the hand.. only forward expectations at this stage.

The big news here will be the result of the 3D seismic.

They really are trying to keep it under the 200dma..

MM's desperate here..really don't have any stock.

Morning. It looks like the 200mda has broken along with the downtrend.

Transformational I would guess. 3D seismic so much better than 2D. Could go from 3Tcf to 10Tcf. It's a big area if it's loaded with gas.

Let's see if that 200mda breaks today/tomorrow. Around 2.536p.

That's a nice holding Rookie..I hope you do well. I'm sure you will.

Probably best you filter.

Aramco will do business with anyone who are amenable.,,but that would not include Argentina, imo. Doing a conference is hardly a sign that they have ops in Argentina. BHP used to be in the Southern Falklands..and yes Valero needs high API oil like Darwin for refining..it's in short supply. Most of those companies are looking to buy reserves. Apart from Aramco. Oil and gas companies are on the hunt for projects like Darwin. More so now with the Middle East global supplies about to be hit. Oil companies need oil..demand is going up. BOR in the sweet spot now.

Mcco, Have a look at the SCIR deal for the 25%. ARA picked it up cheap at $16m. SCIR had no way of funding their share of the costs for Ntorya and had mismanaged the asset and needed to offload it.

I see the mm's are giving shares away at cheap prices again.

Murphy, Suncor, Harbour Energy, Sapiem, Adnoc, Occidental, Nobel, Petronas, BHP, Conoco, Enbridge, Chevron, Marathon, Valero, Qatar Energy, Aramco, Husky, Cenovus, Imperial Oil, Canadian Natural Resources, Arc Resources, TC Energy, Woodside.. loads and loads of companies..

Https://dailynews.co.tz/ara-petroleum-enhances-stake-in-ruvuma-asset/