Member Info for panman

Business is up for sale at least. Shows they have the intent to deliver shareholder returns in any way they can.

To be fair with helium, hydrogen and oil found so far there's a lot to ramp.

As posted by someone yesterday all that's left to find now is the gold!

Perhaps we're both old enough to remember A Bridge too far?

Might be a good idea to ask on X if peeps want to know the reason for not drilling flathead? My guess is they'd discovered enough already and were worried they'd hit more flint (chert) first so screwing up the well but does seem the market wants to know more.

"The drilling operation was completed in 18 days, encountering several hard chert horizons within the Madison, which slowed progress. With the well already open for nearly three weeks and high quality helium shows in the primary target horizon, and oil shows within the Nisku and Duperow formations, the Company decided to not drill test the Flathead formation in this well"

Had to look it up but sucrosic (sugary) is an interesting description and appears in the oil world to mean highly porous and permeable so if there's enough oil down there to flow it will do so.

Oil may be down today but it fluctuates and as a 2nd income stream very welcome imo and if helium prices were to ever come down again would potentially stabilise income nicely enough.

Lyt-200 sounds promising down the line too..

"We also advanced LYT-200 through our Founded Entity, Gallop Oncology, where it is emerging as a promising candidate for the treatment of both hematological malignancies and solid tumors. In the ongoing acute myeloid leukemia (AML) trial, LYT-200 has demonstrated clinical activity and disease stabilization in heavily pretreated patients, both as a monotherapy and in combination with standard-of-care therapy. In the recently completed head and neck cancer trial, topline data with LYT-200 shared for the first time today demonstrate a favorable safety profile, disease control, and early signs of efficacy."

Thanks Kane didn't realise. Shame though had positive vibes for a while there.

They want to be given the right to buy back up to 15% of the co's shares at minimum 1p/share. Sounds more positive than the normal smallcap notice wanting to be allowed to issue more shares imo.

Too much deception re net zero policies in Europe as with the UK. Apparently it was a rare nay freak occurrence that led to no power and will never happen again. lol

Also 2020 was the year that Tullow's sp hit their low of c. 6p from their £16 high so question the validity of their debt laden business model re investor returns?

Take it you know that Tullow wasn't planning to pay for the drill they were looking for a third partner for that?

Tullows finances at the time of giving up on their licences during covid....

“The current exploration licence held by the two companies is valid until the end of July 2020,” PCJ said.

That gives the oil explorers four more months. But the collapse in world oil prices amid the coronavirus crisis is unlikely to make the search for a partner easier. Oil was trading at US$23 per barrel early Thursday – a price that falls well short of the breakeven point of US$50 to US$60 per barrel to drill, distribute and market crude.

Tullow in recent months announced that it scaled back its exploration activities in various markets and appointed a new head of the division, Amalia Olivera-Riley, formerly of Repsol and Exxon Mobil. The oil company said its exploration portfolio was to be “balanced between proven basins, targeted frontier drilling and near-field opportunities”.

It comes amid US$1.8 billion of losses at Tullow last year, which exceeded revenue of US$1.7 billion.

Tullow concluded its business review in February, which included slashing its staff by up to 35 per cent. The company is still seeking to hire a new CEO.

At the release of its financial results and investor documents earlier this month, Tullow indicated that it was in a better position following its restructuring. Nowhere on its slides for exploration did it highlight Jamaica, beyond stating that the Walton-Morant licence exploration period expires on July 31; but it did highlight other regional assets in Guyana, Suriname, Argentina and Peru for exploration.

The US$1.2 billion of asset write downs – some partially, and some to nil value – spanned Jamaica, Namibia, Mauritania, Uganda, Guyana and Kenya.

Interesting take, they need the oil for the economy and do want their own sovereign wealth fund off the back of it.

Hope they get it.

https://www.youtube.com/watch?v=CvYAhICvdgM

No not right at all johnny, thats the trouble with having a guess to suit your agenda.

Tullow left even after a successful drop core and seep study in the Walton Morant blocks identified live oil seeps due to covid lockdowns and a $23 oil price at the time the licence was coming up to time to drill. They were billions in debt with massive ongoing losses so couldn't hold the play.

As said UOG were just fortunate winners from their financial troubles.

I was under the impression that Tullow abandoned this and several other plays when oil hit $23 during covid lockdowns. They moved to a lets save the co. stance.

UOG were right place right time and took full advantage now being left with a potential monster field to farm out.

Be good to have some news on the $9.7M owed esp on the amount now owed due to continued interest. May be up to $10M by now.

Hope they're responding well too.

re the " conditional FDA approval for investigational drugs based on "scientifically plausible mechanism" - to help individuals battling rare/incurable diseases." tweet from the 23rd that seem to be going ahead.

Interview from a week back with Dr.Makary. He was only allowed one minute to discuss it before the interviewer hit him with vaccine talk instead but sounds very promising for drugs aimed at rare diseases all the same imho..

https://www.youtube.com/watch?app=desktop&v=-ZKkXlFR8FQ

Thanks onceaday, apologies for the mistake. Good to know they're talking to potential partners still for phase 2 at least

Could have been a lot worse. 20 percent growth before GE had finished their sales training so improvements should be expected going forwards too.

End of phase 1 meeting with the FDA in Q2 stands out too. We can start whinging about phase 2 taking to long to initiate then.

Do agree the Apple comparison was a bit off, always seen these as an Nvidia myself.

Too compelling a prospect not to tuck a few away and wait to see if they get a partner.

Peeps said CEG never would and they got Chevron..

Operational and Economic Highlights:

· Early two-year licence extension to 31 January 2028

· Multiple parties under NDA and farm-out process advancing

· c. 7 billion¹ barrels of potential unrisked prospective resources

· c.$8.5/bbl¹ estimated development cost and c. $25/bbl¹ breakeven in success case

· United's Internal estimate NPV10 of c. $23 billion based on Gaffney Cline 2.4 billion unrisked mean prospective resource (at $80/bbl oil, 2% inflation)

· Attractive fiscal terms Work programme permitting underway

· Strong government support