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When Arthur bought the big chunk of shares on the 1st Feb (665,000 @ $0.58) might he have already been in discussion with a major to sell out (by discussion I mean casual interesst shown)
A week later after it may have been casually discussed with the board and then they decide to offer themselves
15, 430, 000 at $0.54
The story may have gone like this;
Arthur has a beer with an "old Pall" who is in one of the big majors and that person implies they could be interested in taking on the project as they have the finacial resources to do so. However there is allot of finacial "cleaning" to do and to tidy up the balance sheet before this happens. (Currently underway and the move to RBL etc)
Arthur obviosuly need to get the boards backing to issue a chunk of share options before this takes place and seeing that the only open period was in February he gets that signed off and they issue themselves 15,430,000 options.
However just in case the board don't go for it Arthur decides to buy his big chunk of 665,000 @$0.58 on the 1st Febraury,
So Arthur buys 663k on 1st Feb and Baord agree to give themselves 15,430,00 options on the 8th Feb in prep for a Take over later this year or early next?
WOuldn't that be amazing and I can only dream :)
Didn’t Art say each well will produce about 1500 Bopd?
From todays report ;
Digging into the report, it highlights the potential for 118 horizontal wells across the acreage in Converse and Natrona counties, in the US state of Wyoming.
That’s 177,000 Bopd
Ok will take time to drill but pretty staggering numbers
Just sit back and take the long term view or maybe we will be taken out sooner
Thnaks, a bit crazy undervalued here if you ask me?
2 trades and its up 12% !
When momentume gets going it should be good
This is crazy, hopefully starting a good move north
Latest Fundraise at .3077 I believe (? DYOR) and now trading at 0.13 ish !
I'm in and need to do some more research obviosuly lol
Sorry, just bought a small intro here today but wondering what peoples thoughts were on a merger scenario.
This has probably been thrashed to death already but surely RKH/NAVITAS would be interested in the assets and coming to a deal?
Premier/Harbour obviously didn't have the balls to go down the Falkland Route but obviously Navitas does so this is a great bolt on?
Any views and apologies for bringing up something that has probably been discussed already,