RE: Thoughts from the Island, Chuditch starting to look more on par with GS everyday.30 Apr 2025 07:41
Pas - ',,,,,the costs going forward will just be too high for a company with no liquidity ....'
Hows there 'no liquidity' if theres serious gas in the ground , which Shell seem to think there was ??
this is true - but to pay our way after a drill we will need either cash and lots of it. To achieve this its either via the issue of shares or the by giving away more of our %. (possible they could get some form of debt based on a NAV but id say unlikely based on experience). however if they strike it wont matter to most current holders who decide to take the risk and hold for results as they will be able to exit much higher anyway.
With regards to the 100% cos, it can still required more than one drill to get it right .. and we only have one. IF another is required then big problems for the SP ..