Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
annoying in the sense only got 11 weeks, but at least they will probably now start in the next week or 2.
Everyone is over reacting. Approval for brockham is deferred until 20th June. They have always said they aren’t going to test balcombe until they know what is happening with brockham as the majority of costs comes from moving equipment. Therefore brockham approval on 20th June, they would then mobilise equipment to balcombe complete a 7 day flow test then move equipment to brockham. That takes us into q3. So their statement by end of q3 is just covering any issues or delays with brockham. If people read the rns’ Rather than just guess what’s happening the sp wouldn’t react this way
Google showing 8.2 close. Is that what it will open at Monday?
that's how i've worked it out for my expectations, 1000 net to angus is �15 million profit so x10 multiplier would expect �150 mil mcap. How long it takes to get there though is another question
what actual affect does tonight's meeting have on brockham? is it just something SCC will use to help make their decision or does this 18 month approval mean even if SCC approve this, ANGS have 18 months to get a production licence arranged?
Has there been any mention of the national grid works at brockham in any podcasts or interviews recently?
Sorry, I meant the repayment of the financing. Obviously have to pay for balcombe but how I see it is they have allowed plenty of time to get balcombe into production before having to pay back the financing company. So if balcombe flows well would be simple to pay back without affecting the business too much. That’s how I’ve interpreted it anyway
Sounds like they fully expect balcombe to be production worthy and the 48 month term allows them to test and get a production licence before required to pay anything back.
Haven’t had time to fully dissect the rns but seems good to me. £3mil loan and by looks of it instead of interest we have given them shares. Looks a good deal and 9.95p seems that the board expect this to be a lot higher in next few months
Was thinking this the other night. That should be in next 3 months too hopefully
That was before they had guaranteed income though
Annoying our price has dropped drastically thanks to this article yet phe stays the same
Really want to see the oga approval for balconies before ukog get theirs for HH
makes sense, you would like to think though that being on the council they wouldn't be biased... lets just hope the emphasis the govt is making on allowing uk oil exploration pushes their decision and it gets fully backed. 23rd May will be an interesting day, hopefully we can get OGA approval for Balcombe in next week or so, then they can get on with testing as soon as possible. personally dont expect balcombe to be touched until around end of may, with the likelyhood they will wait to see outcome of brockham meeting before starting balcombe tests.
i understand its your opinion, but what makes you think the SCC will delay brockham again? If they're working with ANGS which has been made very clear in every RNS it seems, then everything they queried last summer should have been rectified by now?
Seems like we were better off before knew had oil producing
Also the multiple 100,000 sells that have gone through and not enough buys to equal it out. Basic supply and deman unfortunately
what makes you think this? in the interview he said brockham would be after balcombe
HH will be soon, Balcombe is end of may
would be surprised if ANGS didn't see a rise on a positive HH flow test anyway. Positive results should see all weald owners rise.