The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Just remind me..what board is this. Come on guys lets focus on research instead of attacking each other.
Director buying now would be good!!
Let's remember though the new guy in Brazil has been targeting other projects...according to Alison. That does seem to indicate he's not consumed with Dommo...which might be a good thing...we don't know. My attitude is...don't drive this SP to rely on Dommo it might be something else that transforms us.
Still in play according to AGM but certainly wasn't the most promoted project and Scotty stated as far as he knew the project was now complex and waiting some new shift to make it possible. Imo that's what he said.
The last sentence of their report states....... 12-18 months and will be funded from existing cash balances and future cash generation. Cash balance...diminishing.... Well needs work.....cash depletion cash generation?????? What is FUTURE generation.....that's the big question.
As a result of the New Charter, the Company will be able to resume its planned and approved investments in TBMT (“Revitalization”). The Revitalization consists of the upper completion of the fifth well, 4HP, which has already been drilled and needs to be connected to the FPSO, as well as workover activities in the four producing wells, known as 2HP, 6HP, 8H and 44HP. The goal of the Revitalization is to increase the production of TBMT to an estimated 10,000 bbls/day by late 2019. The company estimates the cost of the Revitalization to be USD 80.0MM (“Revitalization Expenditures”), which should be disbursed over the next 12-18 months and will be funded from existing cash balances and future cash generation.
Not wanting to negative but we are skint too.
Is it likely Dommo died off with Minty and that was one of the reasons to get Scotty on board. No money, no deals.....need something over the line..needed clear decision making of someone with good contacts and the finisher skill set. Maybe emphasis on Brazil needs to be adjusted as it would take a miracle. But we arn't a one trick pony..so let's not fret too much. Just means Minty's last call for money to get a deal over the line FAILED along with others and we all got sucked in to what should have been a decent deal perhaps spoiled by the Minty greed factor?? Hope Minty's skills are kept in the background but put to good effect still. Imo...and rantish...patience running thin again and money remains an issue in the background. Newfie needs better news flow!!
The problem of no deal remains..bit like Brexit...it's open to all sorts of interpretation until that RNS day lands. Some on here have over stated it..project fear occurs daily as well. Only the RNS will sort it.
Up 19%..production levels similar to previous months...still need money and pump sorted. Still have court decisions... Interesting...
Good 9.3% rise for Dommo today...
Best you get out quick then..don't want to be caught with your trousers down do you.
EEEGR Event March 5th. Search on Twitter and see Scottys old company Dana confirmed as an operator attending. Main GTW competitor well known to EEEGR.
The company has made progress on several projects this year and we are excited about the opportunities that lie ahead,” said chief executive officer Nigel Burton. “Activity has increased in MFDevCo and we look forward to updating the market as it acquires projects and concludes investigations into alternative marginal field commercialisation methods. “I'd like to thank all stakeholders, in particular shareholders, for their support and we look forward to providing updates in 2019.”
Petrofac is the duty holder so watch this space. I'm sure petrofac involved off Germany with wind farm...just need the Mfdevco innovation.
I have it on good authority the wells have good life in them. Various options on table IMO but hopefully we are in the mix. The big D word will hopefully sharpen the minds of companies and open many more doors for us if we can "become the leaders" in this aspect of marginal field developments. However, surely we had other producing fields that project wise were much further on..it's been years. GTW probably began late 2017 into 2018??
TKS for answers on China. TM Field Brazil January production still flowing with similar amounts, 184,919 bbls reported.
Sorry to take us away from the North Sea and further afield. Was there a reason for the Chinese connection as well as Brazil. Nothing mentioned at AGM so was wondering why this was set up. Any Nuog researchers help me out? Also can anyone update me on Newfie best options as I know little about the Newfoundland scene.
Explain yourself mainshare...plain talk would be just fine.