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Aimster, that isn't the case to be honest. In this case the sidetrack should only be in the case of a successful drill, and to assess further it's extent.
" The side-track could prove up further volumes in addition to those proven by the main wellbore and these additional funds will ensure that we have sufficient working capital to progress all of our assets under the potential growth scenarios that we are modelling."
Yanis, a few months ago you were constant doom and gloom on the ANGS bb. At the time their share price was around 1p. It went up to around 3p afterwards. Did you go back on and apologise to the investors who believed your negativity and sold before it went up?
Well summed up Serif.
Be nice in my view if BGF take the more nervous shareholders with them and clear off as soon as possible.
Where has he said that, cashforquestions?
I give up. It's like a maths lesson for under 5s.
How do you know they haven't?
Quite simply if people aren't trying to convince shareholders that this is a bad investment, they don't know how to read an RNS.
What bad RNS? Have I missed one?
Some people really try to get cheaper buy prices, don't they. Pickpocket mentality.
Using my common sense, Yanis.
It's a loan facility, so it's available should they need it as they explained - "these additional funds will ensure that we have sufficient working capital to progress all of our assets under the potential growth scenarios that we are modelling."
As I said, they've clearly got millions in the bank already.
A sidetrack would cost more than £1m, wouldn't it.
Of course they've saved more than £1m
For comparison, Egdon's 18 month UJO £1m loan was 11% and 25% of Wressle.
"these additional funds will ensure that we have sufficient working capital to progress all of our assets under the potential growth scenarios that we are modelling."
Makes a lot of sense.
Thanks for your insightful and well thought out input, Nightingale. Good to see there are such intelligent and empathetic people employed in the NHS.
The Queen
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At 11.54 Liz Truss said she was completely committed to net zero by 2050. The market didn't like it.
In a way he probably has a point. In my opinion BGF are still selling, and the market makers are feeding in sells, as buys come in, in order to maintain an orderly market. BGF may be cleared pretty quickly at the current rate.
Both Hardstoft (PEDL299) and Kiln Lane (PEDL181) have been drilled and located hydrocarbons, but I've just been reminded Ineos have the rights to Hardstoft's fracking potential.
And PEDL181 I was told years ago would be good for fracking. I believe Europa are still the operator.