GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
@ inittowinit22 no please stick around and troll the board as hard as possible. you were invested everyone can see your posts, your a hypocrite. The company has done nothing wrong they are trying to make big plays in drilling, its not an easy game. But I believe if you are trying to push investors off there hard earned money because you are hurting and lost cash then I believe God will return to you what you do in life. as you were invested like others that makes you a troll. please keep posting every day, dont go.
the reason for investing in Clontarf is that Clontarf Energy has 60% of the Ghana Tano 2A Block – a 1,532km Block, close to four recent discoveries including Tullow. The oil price market has changed and if Clontarf gets ratification on this block then its game on.
Looks like a big day of wild SP swings for POG. If you are looking for high risk there is a company called Clontarf Energy (CLON) they had a failed drill 3 week ago and sp dropped 85%. Bottom should have been hit They have other projects coming up. CEO doing interviews Possible short term x2 upside. Interview: https://audioboom.com/posts/8108900-clontarf-energy-plc-aim-clon-david-horgan-chairman-follow-up-interview
Bottom was hit, Good value now especially to new investors.
@ Asperger1 nice fantasy post, try £1000 on something more risky like CLON Clontarf Energy Plc they had a failed drill and the price way over crashed 85%. they have other projects coming up and price always spikes x2 x3 on news alone. worth a short term punt. https://www.share-talk.com/clontarf-energy-plc-aimclon-david-horgan-chairman-follow-up-interview/#gs.407xwn
https://www.google.com/finance/quote/CLON:LON?hl=en&window=5Y
podcast.
You announced that the Sasanof-1 well did not show commercial hydrocarbons. Has this affected plans to explore deeper targets in the block?
What is the timeline for the next phase of drilling?
Are you still considering farming into Western Gas’ recently acquired projects from Hess?
You raised £3.5 million in April – will Clontarf need to raise more funds to progress its projects?
Can you give us an update on your assets in Ghana (Tano 2A) and Bolivia (lithium)?
What can investors expect in the coming months from the Company?
Though the Sasanof-1 well did not intersect hydrocarbons, we retain our strategy to seek out gas and liquids in Western Australia: originally North-West Shelf discoveries were considered “stranded gas” because of long distances to population centres in the south-east across that vast continent. However, the development of a competitive LNG industry by several leading players, including our former partners Woodside-BHP, Exxon, Chevron, Inpex, and others, have transformed LNG into now the major export, by value, from Western Australia.
It is important to note that funding for the Sasanof-1 well (£3.5 million) was provided by local Australian investors who invested at a 25% premium to the then-bid price of our shares (when the funding process began). We believed that we would struggle to raise such funding from traditional London investors, while institutional investors might expect a discount for a strategy to seek out opportunities without having a defined investment.
Although the Sasanof-1 well was water-wet, the Australian gas play remains excellent, with a world LNG shortage, high gas prices – as well as pro-mining policies, legal title, and reasonable fiscal terms.
Clontarf Energy is also pressing the Ghanaian authorities to complete the ratification of the signed Petroleum Agreement on offshore Tano 2A Block and is discussing with the relevant authorities in Chad on how to convert Clontarf’s signed Memorandum of Understanding on prospective sedimentary acreage, close to existing infrastructure in southern Chad, in a manner consistent with corporate governance. Progress on these promising projects had been slowed by the virtual disappearance of the farm-out market after 2014. It made little sense to commit to a substantial work programme, without a reasonable prospect of de-risking through partnering with companies with deeper pockets.
As expected, demand for lithium, specifications and lithium prices have surged. In Bolivia, we hope to conclude a Technical Cooperation Agreement on a systematic mapping exercise shortly. Clontarf Energy did not participate in the pilot plant testing of Direct Lithium Extraction technologies in Bolivia, since Clontarf is a user of such services rather than a services provider. Our proposal is to explore and develop mid-sized Bolivian lithium salt lakes.
https://www.share-talk.com/clontarf-energy-plc-aimclon-david-horgan-chairman-follow-up-interview/#gs.3yxc
this looks like another big x2 x3 ? they will be drilling again. sp always spikes
https://www.google.com/finance/quote/CLON:LON?hl=en 14m and 17m
somethings going on
...........
@sellowbuyhigh
Do you need a detailed answer ?
Earnings are forecast to grow 45.39% per year
TLW is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (3.6x)
TLW is good value based on its Price-To-Sales Ratio (0.7x) compared to the UK Oil and Gas industry average (2x)
TLW is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (1.9x)
TLW (£0.5) is trading below our estimate of fair value (£1.64)
High Growth Earnings: TLW is expected to become profitable in the next 3 years.
Revenue vs Market: TLW's revenue (7.4% per year) is forecast to grow faster than the UK market (4% per year)
Future ROE: TLW's Return on Equity is forecast to be very high in 3 years time (63.7%)
take a look. https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares
Major upside correction will happen. We can't have Profits higher than the Market Cap.
TLW will have its day, its way undervalued. Also time is passing fast... the 25% hedge will drop off May next year. Profits will be huge. Super happy to hold and top up. Relaxed about the Merger. Looking forward to hearing more about the Dividend.
Petropavlovsk PLC shares tanked on Tuesday after the beleaguered Russian gold miner cautioned it will be unable to pay a key term loan and said it has missed the most recent coupon payment for a guaranteed notes issue.
The company is now assessing its options, weighing up the sale of its interests in operating units. However, it said it is very unlikely shareholders now will see a return due to Petropavlovsk's "indebtedness".
What's more, the company warned it will be unable to complete its annual results audit, even after extending its accounting reference date by two months.
Shares in the company were 17% lower at 1.38 pence each in London on Tuesday afternoon. Shares have plunged 95% since the start of the year.
The gold miner, whose operations are in Russia, said it is unable to pay a USD201.0 million term loan at present. It also warned it is "very unlikely" it will be able to refinance the loan in the short term.
Back in April, Moscow-based Gazprombank, which is on the UK sanctions list, sent a notice demanding the repayment of loans. It wanted the immediate repayment of USD201.0 million due under Petropavlovsk's committed term facility agreement with the bank and repayment of USD87.1 million due under the London-listed company's Russian subsidiaries' revolving credit facilities days.
The revolving credit facilities concerning the Russian subsidiaries have since been assigned to a new creditor, Nordic LLC, Petropavlovsk, said in May.
Back in March, Petropavlovsk explained Gazprombank acted as "an off-taker of 100% of the group's gold production". Sanctions and asset freezes imposed on Gazprombank prevented Petropavlovsk from making further sales of gold to Gazprombank.
"Restrictions on purchasing and selling gold in Russia may make it challenging to find an alternative purchaser for the group's gold output," Petropavlovsk cautioned in March.
The firm on Tuesday added it is also "mindful" of its USD500 million 8.125% guaranteed notes 2022, of which, USD304 million is outstanding. It missed its most recent coupon due on the notes.
It has turned to external advisers to help mull the best course of action. Among its options is the sale of interest in its "operating subsidiaries as soon as practically possible". That process is ongoing, Petropavlovsk said.
"However, it is highly unlikely that any return will be secured for shareholders as a result of that process given the level of the company's indebtedness," the company warned.
In addition, Petropavlovsk said it has been unable to complete the audit of its annual report for 2021. As a result, its board extended the accounting reference date to February 28, "in order to give the company more time for the audit of its annual report and accounts for that extended period to be completed".
However, even with that extension, it warned it is unlikely to complete the audit "in the absence of a material change in circumstances".
as per RNS they are funded for multiple drilling projects.... they have just raised the cash. the board needs to announce the next drilling project ASAP. There is value here for sure.
Wed, 27th Apr 2022 13:02
RNS Number : 5670J
Clontarf Energy PLC
27th April 2022
Clontarf Energy plc
("Clontarf" or "the Company")
Placing to raise £3,500,000
The Directors of Clontarf (AIM: CLON) are pleased to announce that the Company has raised £3,500,000 (before expenses) via the placing of 1,400,000,000 ordinary shares (the "Placing Shares") with new investors, via several Australian based brokers, at a price of 0.25p per Placing Share (the "Placing"). The Placing Shares represent approximately 61.65% of the Company's issued share capital as enlarged by the Placing.
The net proceeds of the Placing will fund costs associated with the Company's existing assets and will also provide the Company with additional working capital, as the Company's board continues to assess new projects. In this regard, the Company has been evaluating a number of different projects across various jurisdictions, in particular advanced gas exploration prospects in Australia.
The Placing shares will rank pari passu with the Company's existing ordinary shares of 0.25p each (the "Ordinary Shares"). Application will be made for the Placing Shares to be admitted to trading on AIM ("Admission") and it is expected that such Admission will become effective on or around 4th May 2022.
David Horgan, Chairman commented,
"In recent months we have been actively reviewing a series of oil and gas proposals including undertaking preliminary due diligence on some, only to discard them. We are currently at an advanced stage in examining late stage gas exploration prospects in Australia and I look forward to providing further updates on this as and when appropriate.
New exploration requires investment. The current capital raise from a number of brokers will provide the necessary funding to participate in new exploration ventures."
chat is being trolled ! TLW SP will go up !
i'm expecting this to rise again, as it always does each year after crash.
(as former PMO investor) Premier oil was a destressed sale, there is no comparison. TLW doesn't even need to do this merger. PMO had no choice. This is a good deal for TLW shareholders.