£1m loan facility14 Sep 2022 21:17
I reckon the point of the loan facility is to give confidence to David Bramhill and Mark Abbot that there will be no hold up in progressing Wressle. Wressle can be further developed to get the gas sorted and production increased, whilst Simon Oddie and his team can concentrate 100% on necessary decision-making during the Serenity drill.
FWIW I've decided to triple my investment going into the Serenity spud results. If what they are 'expecting' comes in, this will be huge. If it doesn't, we've got Wressle to keep the wolves from the door, and Inishkea and Inezgane that must surely come into play at some point, and they look enormous.