Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The facts are facts.
Block has announce assets valued in excess of 1.6 Billion dollars, this is for just one of it's four projects , the gas is in the ground and not going anywhere. We are in a Geography of great interest to both east and west, China is sniffing around and already active as are other majors.
Europe needs gas as does Georgia, we have the rights to it and check this out right in our back yard we have the infrastructure to deliver it!!
In addition to that we have a statement from an expert supporting a great carbon capture opportunity also as if by fate in our back yard!! This could be the icing on the cake for any interested party.
The above clearly does not impress or meet with the agenda of some on this board, that's clear, but facts are facts and I really could not care. In all my time I have never seen an opportunity like this. I think if some on this board were honest with themselves and other posters they'd probably agree.
Value will out..
Good luck all, I'm staying right here.
AVI. Good post. You may want to repost that under a different title as 123, posts are being removed on this board.
I agree with your view on potential here. At some point value with come out and I expect to have my tickets firmly in my sweaty little hands.
I hope so Bobby, the early bird catches the worm. Those who get there 1st will always benifit with improved relationship channels later on. Bloc being in Georgia for some years can only help our exposure.
I haven't seen many other press reports coming out of Georgia stating "strategic assets" so in my view we are a reasonably large spot on the radar.
Geo political concerns are bound to add risk but for the medium to long term Georgia is going to be a gateway to the east/west for many multinationals, not forgetting Georgia the wants energy security.
Many eyeing up positions in this geographical arena. Georgia being an entry point to Europe. Europe needs energy security, the west stability. Seems the right place at the right time for a small company with access to significant gas.
Two points Hep.
1. The company is not drilling which I believe was a major cost. This will definitely help the balance sheet.
2. In an earlier RNS it’s was stated clearly that the company will have sufficient funds, even with the natural reduction in oil volumes to see it through 2024. If oil remains around present price.
Not sure what you mean regarding news silence, maybe you don't see what I see in the RNS's, if you do some research there is a lot going on in Georgia which we should be part of. There's some great information out there and some good links on this board, it may change your mind.
Again I repeat myself, a directional change at the right time to grab the opportunity. Me and others have been saying for years it's about the gas, now is the time. It has been explained in RNS's. News comes when it comes.
Any head of a company is expected to take opportunities when they come along. Right now Georgia is seeing a lot of interest from many parties and the climate could not be better. Read the press it's all there for those who can be bothered.
In my view gas has always been the target in Georgia, oil has been the means to fund the wider program. We are now in a very strong position with 1TCF + sitting under our feet. Nobody would forgive PH if he missed this opportunity. We can always drill more wells for oil if required but the decision is to grab the low hanging fruit and right now it appears very juicy. Oh and did I forget to mention carbon capture?
All my opinion obvs.
Just a reminder of the potential here: https://twitter.com/1stchesh/status/1755892029505122386