The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I agree that it would make not make sense to release any news until after operations have been concluded as that seems to fit in with the performance of its business criterion as the results are not yet known until operations have concluded and the initial assessments completed.
On another note - and I am just speculating - its possible that a positive show on Namaqualand could have triggered the Tomax shipment "some weeks ago". That seems to fit with the timelines for drilling.
I don't think that delaying until after COP27, as a sole reason, would be in compliance with AIM requirements for the general disclosure of price sensitive information.
11. An AIM company must issue notification without delay of any new developments which
are not public knowledge which, if made public, would be likely to lead to a significant
movement in the price of its AIM securities. By way of example, this may include matters
concerning a change in:
— its financial condition;
— its sphere of activity;
— the performance of its business; or
— its expectation of its performance
Looks like the regulator was trying to contact ECO to determine if there was anything behind the rapid SP increase. Looks like that was accomplished and the regulator was satisfied that trading could resume. Volume is high and it's trading up 13% for the day at $0.59.
GLTA
https://www.oedigital.com/news/492485-totalenergies-spuds-high-impact-venus-1x-well-offshore-namibia
Let the awakening begin.
Clear on the outlook for catalysts to affect the SP. Some are due to ECO's investments in other companies, while others stem from the activities of others in the basin. As a long time investor and as someone who has built a career in the industry I consider operations to be the day to day activities we putting our time towards. I appreciate that Eco is not the operator of the block, however it is unclear what activities - play strategies, number of targets actively under consideration, and timing involved. Less smoke, more fire. But as always Phoebus I do appreciate your research, thoughts and posts. Keep them coming.
"Tullow is just taking a step back. The overall strategy is to allocate more capital to our core production assets, so what we are looking to do in Guyana for instance is to bring in partners and reduce our capital exposures," Dhir said.
https://www.reuters.com/business/energy/tullow-oil-swings-profit-first-half-2021-09-15/