Member Info for realist_abroad

How can the resolution of the arbitration all of a sudden be delayed by 1 year without any warning / explanation?

Where did you get that information?

Pearl Petroluem restarted production in April - what are DNO / Genel waiting for?

Bid / ask spread for this stock is truly ridiculous - and if you put in an order somewhere in between many platforms don't seem to enter it because it is deemed too far away from the posted bid or offer levels... how can this be?

That'snot correct - DNO said clearly on the call that operations are still on hold for safety and security reasons - they resumed some drilling in anticipation of an operations restart, but currently there is no oil flowing

Anther RNS, another legal defeat as they lost the costs appeal - incredible how much this whole arbitration debacle has cost us, yet mgmt keeps taking nice bonuses and share options...

Keeping up morale is quite low on the Savannah priority list ;-)

I know, but that is so vague it could mean either of the options i mentioned

Is there actually any clarity whether oil is now actually flowing again or are they just preparing for oil to start flowing at some undefined point in time in the future?

A company which seems to have 80 employees to manage a completely passive stake, a somaliiland pipedream and an Oman early development - i really wonder what they all do all day long...

So mgmt, which has only destroyed value in the last couple of years, is now getting almost 3m shares at nil cost to reward all their hard value destructive work in 2025 - on what planet is this board living that they think this is reasonable?

Savannah must be the only oil and gas company in the world whose share price has come down since the Iran war broke out...

Has anybody heard anything about a potential restart of the Tawke field, because oil flowing through the Turkey pipeline is liquid gold given the Street of Hormuz closure - neither DNO nor Genel have made any official disclosure on Tawke operations or have i missed something?

If they are deemed to be acting in concert, they would already have had to make a mandatory tender given they have more than 30% combined, no?

Finally a smart move by the company to buy back a bunch of shares at 6.8p!

Overall quite a disappointing share price performance today... market cap only up ~GBP6m

Leosayer, thanks for clarifying - hopefully they can use the proceeds to buy back some bonds at a large discount to create a double win for the equity!

That sounds more reasonable, although very uncertain in the currently very week diamond market - I assume this estimate comes from some AI engine rather than recent transactions?

That's probably the missing / delayed NIPCO trade. no?

Interesting AK paid 8p for the shares given the market price has been quite a bit below that level since the shares became tradeable again