Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
They have mentioned the PM428 licence and how it perfectly fits with the Puteri licence included in the MBR+ It is a pity that they didn't mentioned whether they plan to participar in the MBR 2024 or not, as OG tourist proposed in his research.
I agree about Stag, is a great concern. On a positive note, NWS has had a great H2 and I hope that Thailand will contribute to the cash flow at some point. I hope the company proposes before 2034 the decommissioning of Stag, as soon as 2025 or 2026. Many UK upstream companies spend certain amount for abandonment and it is not the end of the world, for example Harbour or Enquest. I think OG's work highlights the dire situation with the ARO. The company must address it somehow and stop hiding the cost in the reports.
New presentation about Vietnam showing PM428 among the Malaysian assets: https://www.jadestone-energy.com/wp-content/uploads/2024/01/20240126-Vietnam-NDUM-Project-Overview-vF.pdf
Seriously, how uninformed are you about the company to say that "the money will be gushing in"? They have a massive opex per barrel this year, have to finish Akatara, drill a side-track in Montara and still pay more than $77 million for another stake at NWS. How do you see "the money will be gushing in" this year?
Signed HoA for the gas sales
https://www.pvgas.com.vn/en-us/news/artmid/1355/articleid/13632/signing-of-heads-of-agreement-hoa-for-nam-du-and-u-minh-gas-fields-development