The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Something going on. Might take a day or two to reveal.
Competition Authority decision in the bag the long wait will be worth it and surely a minimal consideration once effective date barrels since October 2022 offset against the consideration!
Thanks for the chance to buy in the 42's lads :-)
By way of Executive Decree 79/24, of 11 April 2024, the Ministry of Natural Resources, Petroleum and Gas (MIREMPET) has approved the Declaration of Marginal Discovery of the Punja Development Area in Block 3/05-A.
The Punja DA will enjoy the following tax incentives:
➡ Depreciation of Development Costs – 3 years
➡ Cost Oil Cap – 80% during the first 4 years and 65% from year 5
➡ Petroleum Income Tax – 25%
➡ Investment Premium (uplift) – 1,20
Block 3/05-A is located in the Lower Congo shallow waters and is operated by Sonangol P&P with partners Maurel & Prom, Afentra and Etu Energias.
AZULE DEAL approvals on Monday hopefully! (or late this afternoon even better!)
If its Azule's turn to get the lifting which i suspect it might be, then you're looking at a $93 lifitng price as Palanca is +$2
Good to see further consolidation and slow share price appreciation. Institutions and family offices definitely buying now
Donmac excellent find. i would expect it is perhaps AZULE's turn.....ie........OUR barrels again
4 weeks ago tomorrow Paul Mcdade said the Approvals are in "the coming weeks"
Approvals will kick in the closing / completion process
Completion kicks in the number crunching and the next lifting date
And the next deal can finally come out of the shadows....
Good point Quiggers. WOnder if the Azule transaction will be an "adjusting post-balance sheet event" where the barrels from the Azxule close will appear in the financials
Yeah nice volume and price action
Another solid start to the day. Bid is higher than this time yesterday!
AZULE GOT TO BE CLOSE!!!!!
£100 million at 44.2 pence
Institutions can start now.
ISA money coming in
NEXT DEAL IS THE REAL STEP UP. They've had two years to find it
Production on 3/05 is up 39% since 2021
More ESPs and infill wells to get the 23,700 bopd up even more!
Caco Gazella development could add 10,000 bopd
Running room in licences we have already (development potential throughout)
Very tightly held company - Free float only about 40%
Irish billionaire owns 7%
Kazak billionaire owns 21%
Former Tullow Team
High Oil Price
Encouraging start , buyer interest definitely there
Just as if not more important, consolidate and move up slow
About 60% and nothing for the TEAM!
YET.....
Money flowing in at 11 now
Second wave incoming looking at the trades
Tus maith leath na hoibre!
Interesting to see if Cathal can do an Amryt / hVivo with this one!