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And you think the sp will stay the same until 2024?... Lol

Another 100% easy.

Early days for this gas project but gas coming within 12 months. Huge value at just over 1p.

Should start moving onto 2p. Further news expected and drill prep for March happening. Penny beginning to drop for many out there yet to take positions. Fully funded to gas revenues $$$$. No other AIM stock has the gas volumes or the partner doing the work for them.

The path to huge volumes of gas production is clear and the sp should trickle upwards in anticipation of further news coming from the advanced discussions with the TPDC on the GSA. Also the seismic 3D over the core area for CH-1 drill is due.

https://mtezamedia.wordpress.com/2022/11/25/mambo-yamenoga-mradi-wa-gesi-mtwara-waziri-makamba-atoa-maagizo-haya-kwa-tpdc/

Seems like majors will be positioning themselves for deepwater projects to produce at higher production rates and lower their carbon footprint. Darwin fits in perfectly with that strategy.

https://www.rigzone.com/news/deepwater_oil_and_gas_production_to_rise_60pct_by_2030-24-nov-2022-171159-article/

The board are very quiet for what is an optimal time in favour of the Darwin discovery. The change in broker maybe a clue to forthcoming activity. The report on early production and development is surely complete. No update on the funding which was likely needed by the end of the year. I would say they should have announced this by now. Maybe not needed.

They've been knocking the price down for weeks, despite more buys than sells.

Good job. I can see a farmout deal coming or buy out, as the need for big new oil finds increase post the Russian oil ban in December. Big offshore finds with low break even price $30-35 and low corporate tax and royalty are few and far between. Falklands is 9% royalty. Unheard of really.

Yes, cheap as chips and closer to a farmout or buy out with all the condensate and liquid gas at Darwin worth billions. 462m recoverable over the life of production at $80 a barrel is $36B.

Those 250k trades all look like buys. So that's 1m. Someone sees value. £17m Mcap is nuts considering.

When you think how hard it is to find oil and gas, with all these oil companies drilling dud wells around the world, Borders hit 462 million barrels with the first drill in an unknown basin. Now call me cynical but, if it was Guyana we know that all the majors would have come flocking to get a piece of the action, however, the Falklands for whatever reason has just been ignored. There is half a billion barrels recoverable of light condensate and liquid petroleum gas that is high grade with no impurities. Not your sour or heavy crude that is expensive to refine. So while these oil companies are drilling dusters all over the world, there's this valuable discovery right under their noses ready to go, in an unexplored basin that's probably got a further 2 or 3 billion barrels and likely up to 10 billion barrels. What's the blocker?? Is it our Board? Is it the location? the Capex? Argentina? the oil price? Answer to all of those has to be no. Rockhopper have Navitas. I can only think our time is coming and the wait will be over. The dollars are just too big to ignore.

Do we think this refers to the study report for early production and lower Capex/Opex costs.

From the open offer circular.

"The Company expects that in the current year it will provide further updates as to how it intends to move to commercialise the Darwin discovery asset".

"The Company expects that in the current year it will provide a further update as to how it intends to move to commercialise the Darwin discovery asset".

There's certainly money sloshing about oil companies at the moment. With a strong dollar, a cheap buyout for £100m would be 5 X the sp.

Think this is the low before an anticipated increase in volume.

So we've established Rojo doesn't know that a drill bit can be deviated to reach a target and doesn't know that the gas at Ntorya is already commercial. He has the cheek to say other posters are no Einstein. He should go and have a chat with the troll at the bottom of his garden. Oh wait a minute..

But you're not a shareholder are you. So why are you even here?