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Time will tell, but out of interest I just had a look at the Farm Out RNS from October 2020 and copy below the section referring to the production level expected, which could generate a massive cash flow for our 25% from 2024 if achieved: ie 'Following Completion, the Company now holds a 25% interest in the Ruvuma PSA with a full carry to potentially significant volumes of production. As previously announced, the Farm-Out includes a full carry for a minimum work programme including the drilling and testing of the Chikumbi-1 well, the acquisition of 3D seismic over a minimum of 200 km2 within the Ntorya area, and further production wells and infrastructure as required to propel the project to its estimated P50 production level of approximately 140 MMcf/d (gross project levels), as shown in an io Ntorya commercialisation study. The full carry for Aminex's share of costs up to US$35 million in respect of its 25% interest implies a potential expenditure during the carry period of up to US$105 million for the aggregate 75% working interest held by Aminex and APT. '

Sounds good, November spud sounds excellent.

HANK, depends on how much risk you can take. In simple terms HUR have a large cash balance which supports good part of the market cap and is still generating significant revenues, therefore the downside is limited but also carries a decent upside which will depend on what they do with the cash. Shares like ANGS, which I also own, seem to have present production meeting the amount of gas already hedged and if the imminent side track and second compress does deliver a doubling of production by year end they could churn out a significant upside ie I look at them as again with limited downside but even larger upside than HUR. I also have some EOG which carries higher upside and downside, although downside partially protected by other parts of the business and claim that the operator deems Serenity already commercial even if this drill does not come in. I also have some ECO and that has even more risk and more up and downside. My suggestion would be to commit less funds the higher the upside and downside could be. DYOR and eniugh from me.

Good RNS, all progressing as expected.

Good to see board members adding their money at these levels.

Indeed very interesting Sunday Roast interview starting 15 mins in https://audioboom.com/posts/8163008-the-sunday-roast-featuring-paul-griffiths-executive-chairman-of-predator-oil-gas-lse-prd

Very interesting indeed https://twitter.com/Tirupatiuk/status/1573333872791719938?s=20&t=5GmMiH-gq86n90tZ8LbSEw

ROQ are delivering as per latest RNS. Fully funded and very interesting to see the valuation which we should aim to see with one lead and the upside. I have enough but otherwise would be tempted to add or buy especially after closing the raise at 14p.

Very good progress indeed.

I have just added 500,000 at 2.08, time will tell if it was a smart move or not. Enough from me as this is a high risk high reward waiting game.

They are clearly doing as much as possible within their reach, as expected a slow burner where one accumulates on weakness if they, like me, think and hope that the land issue will eventually be resolved, which in turn would provide a massive rerate. In my portfolio I deem this a high risk very high return smaller holding. Time to wait.

In any case EOG is not a one trick pony but is revenue generating and has other accretive assets which will limit the downside, whilst clearly the upside on success is significant. Let’s enjoy as i see us moving higher before well results.

In any case EOG is not a one trick pony but is revenue generating and has other accretive assets which will limit the downside, whilst clearly the upside on success is significant. Let’s enjoy as i see us moving higher before well results.

Fair, agreed it’s an appraisal well but after a decade or two of investing in this sector I’m well aware that nothing is certain and one has to take profits and reduce any risk.

I remain of the idea that investors who have exercised warrants might have already sold other EOG shares to fund the warrant exercise and therefore good part of the sales has already been executed. If I’m right and with imminent spud I expect the increased interest in the shares to drive price towards 4p. Let’s wait and see. If we get towards 4p I’ll take shares off as I deem any drill risky although this is clearly not a high risk exploration well.

Impressive that they managed to close the acquisition and placing at 14p. The board appointments have now transformed us in a very interesting and experienced outfit. Time to wait and see how they will deliver, but this is now a different company.

Time will tell but usually these corrections are a buying opportunity.

Fine for me and additional funds in our coffers. Must admit that the upside here is still significant and although some will take profits off the table if we deliver as expected the rerate will continue for a long time. Let’s sit back and enjoy.

I think exactly the same ie compelling upside from 2p.

Never like these delays although seems not too long, let’s see. At least the positive part is: In the meantime, the company confirms that its operations and developments are progressing as per plans.