Member Info for robs12

Well, WTE corroborating the Mariner's notice, but does seem strange and doubtful timing? Maybe they've changed plans?

https://oilnow.gy/featured/guyana-condemns-incursion-of-venezuelan-fighter-jets-at-eteringbang/

A little bit more uncertainty....

That'll do me - just topped up a few more.
Grab em while you can.

Hmmm.... and announcing a dry hole would be the very last thing they'd want to do on Investor day..... ;-)

Truly impressive radio silence from all close to the action.
And no trades - £6K today!
Amazing.

Must be formally announced soon, or there will be some changes in volumes to give an indication?

GLA!!

Trading volume is tiny - £46K total today - there is no news, good or bad, yet announced or leaked.
If there were, the volumes would look be very, very different!

Now that sounds like a plan mrc.. !

Gogsy, you can see the license details here (pages 35 & 37 for phases and timings):

https://dataogauthority.blob.core.windows.net/external/Redacted_Licence_Docs/P2406_LICENCE_Redacted.pdf

Summarising, they need to reprocess seismic before Oct this year, then before Oct 2023 to shoot more 3D (or confirm what they have is good enough to make a drilling decision), then Oct 2025 to drill.

mrc...if only! Was just trying to remember when they last drilled anything as operator...?

OK...quiet is nice..

LOL!

You seem to have lost the accent... ;-)

Good luck to all holders!

I don't get it.....
....we're supposedly within hours of game changing news...and there's hardly any chatter on any of the boards/forums.
Trading volumes are tiny.
WTE is an investment company (dull) rather than an O&G company (exciting) ...but am I missing something?

Hmm...still got the Davaar, initial term ends 2025.
Interestingly P2362 (Lowlander) is also not on the list either...looks like it (14/20f) was relinquished on 30/9/2020....

Wish they'd tell us this stuff...we'll only find out when scrutinizing next years annual report...

If I remember correctly, the initial term of the Sanda license runs out next month (maybe this month?)...and the work program was a drill or drop well, + reprocess 3D....so I guess PMG will lose it.

Apologies, "load" should read "loan" in post below!

It's a while since I worked it out, but before the windfarm deal when TC effectively traded a load for more shares at 50p, he had invested approx. £13.3m in PMG, at an average price of 70p/share, and has some 9m in the money options with exercise prices of 35p and 41p. So after the farm deal, the average is a little lower, but still well above the current SP.
The finance director, Ryan Stroulger, has invested some £250K at an average price of £1.56/share, and has approx. 420K options also.
They'll certainly be wanting a decent return on that.

Just a suggestion harel - WTE have a small holding (approx 0.5%, £250K at cost, and in profit currently, despite Tanager-1 result)) in Ratio Petroleum, so WTE shareholders would be genuinely interested in news, even if relatively insignificant compared to the JHI holding.
Your credibility would be much increased if you could link to the source of your quotes (even if in another language).

Couple of yesterday's trades just shown up - big buys, relative to everything today!

LOL...'chart not looking good' - based on a total of £27K worth of trades today so far?!

Most of which marked blue (if you believe the bid/ask).

Certainly doesn't look like a mass exodus - more like boredom for the MMs, who were possibly expecting much more action!

But yes, if the news is not good, then there is the option to just wait for the next drill, and there are several more to come. Not all eggs in one basket with WTE, and no worries over fundraising for the next drills etc.

LOL...and who exactly is going to issue an RNS?

I very much doubt that WTE will issue an RNS before one of the actual block participants have issued a news statement - and none of them are going to issue an RNS...

Total trades today add up to £125K (insignificant), and as I mentioned a few days ago, again today the bid/ask prices have not reflected what is actually offered when you make a trade - most of today's trades were again above the mid price.
More interestingly, the spread (per the trades table) dropped to 0.3p this afternoon, lower than it has been for weeks, and more representative of what is actually being offered most of the time.

Levs - what's in the way at 43p?