George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I know it's been a long wait, but I don't see that at all. We've now had 4 step-out Cretaceous discoveries as far south west of the main trend as our Orinduik Cretaceous prospects with two more spudding soon, Beebei-Potaro-1 this month and Wei-1 in July. The Cretaceous discoveries are getting ever closer and and further inshore. Read across so far ECO couldn't be better. The majors are exploring in a systematic fashion and it will be our turn again on Orinduik soon enough.
I know it's been a long wait, but I don't see that at all. We've now had 4 step-out Cretaceous discoveries as far south west of the main trend as our Orinduik Cretaceous prospects with two more spudding soon, Beebei-Potaro-1 this month and Wei-1 in July. The Cretaceous discoveries are getting ever closer and and further inshore. Read across so far ECO couldn't be better. The majors are exploring in a systematic fashion and it will be our turn again on Orinduik soon enough.
I agree Mannan. In effect it's going up because it's going up. Unless BOR can somehow wangle a farmout, which I think is very unlikely, then it's effectively worth next to nowt. Their licence runs out in 7.5 months if I'm not mistaken.
Sea-bob is next new drilling target.
https://oilnow.gy/featured/sea-bob-and-kiru-kiru-are-next-targets-in-major-12-well-stabroek-block-campaign/
With the epic number of discoveries right next door and oil around $110, I can't believe we're still just over 30p. Our Orinduik partners Total, Qatar Petroleum and Tullow spud Beebei-Potaro-1 on the Kanuku block this month and this should inform their choice of drill target for Orinduik which is due shortly after. Time to get this show on the road.
Excellent results. Monte Muambe is shaping up very nicely indeed, yet ANR remains at a ridiculously low market cap. This should be several fold higher already, but sadly any price discovery has been killed by the Aquis listing. Most people are not aware of the exchange, many can't access it through their broker and those that can will be put off by the complete lack of volume.
Christian, the current SP is more a reflection of Aquis than ANR and you should take that into account when negotiating the IPO price. Ignore the false price signal and city spivs looking for a cheap entry and stand by the quality of your asset in which you are the largest shareholder. When the LSE listing comes, this will reach a much bigger audience with unfettered access to the stock and the volume will pick up very nicely to support a much more appropriate valuation. All the best.
Q4 revenue was only $767,000 or around £600K.
https://investegate.co.uk/nostra-terra-o--38-g-co--ntog-/rns/q4-production-and-operations-update/202202230700044909C/