Member Info for Spudton

What do they actually do? There's a new building, there's milling equipment, has anyone actually visited to see what's going on?

Data room in GBP has been open for ages, and will be open forever.

the holdings rns was only because of extra shares being listed, dropping them below the threshold

What kind of news do you mean?

Wasn't everyone expecting an announcement about commerciality?

Yes, who's going to invest if there's no way of getting the gas out?

it's got bugger all to do with PR.
Sancrai is dead
Tunisia pumps are another quarter when we were expecting them this year
Compression also delayed.
For a tiny company, those things are gonna hurt, and that's the risk we take in investing.

Results are OK, prospects are good, but the transformational plays are delayed vs what I was hoping for in the middle of this year when I invested.
Sancrai..dead
Tunisia pumps....another quarter
Compression...more delays
Can;t blame the board, Sancrai is the risk we take in investing in tiny companies. Only one thing needs to go wrong for the company to get battered.
On top of that, the european development bank will now be selling off to honour their commitment to get out of O&G. gonna be a flat 3 months.

thanks, I'll look into those further.
My Q4 22 referred to the timing for the CPR, which they'll need for the JV/farmout.

I'm familiar with all the prospects. My question was regarding timing. Nothing is happening for the next 9 months. So why would there be a surge in price with no catalysts?
Unless there is newsflow expected that I'm not familiar with?

The existing seismic data already predicts a massive reserve. You think an updated seismic will work as a catalyst?

I watched the director talk interview and if I understand it well, they're expecting seismic results in November, which they will use to get a CPR done for the farmout in Q4 2022.
Why the excitement now in message boards, if nothing is going to happen for another 10 months?
Thanks.

Why wouldn't he just buy twice the number of shares at 6p? Genuine question, what am I missing?

Why wouldn't he just buy twice the number of shares at 6p? Genuine question, what am I missing?

My guess is they are buying their own shares to pump the price to get to the 12p

Funding still to come

It might not matter how it is funded, but it does matter that funds are going to be raised. There's a 30pct dilution around the corner. The prize is still ginormous, but that is going to happen.

Isn't that 2m?

"The most recent wells in Namibia were drilled at a low
cost of $16m and $26m respectively".
From the broker report.

This seems very low for offshore drilling. Is the prospect in shallow water?
Does anyone have an idea of what drills they're referring to?
Thanks.

18m for an offshore well cost seems very low. Is this in shallow water? Any comparable projects nearby which support this?