Member Info for Surety

T/O for 15-20p inc power, gas and hydro. Bargain!

DYOR

Interesting perspective NKOTB...

Https://masterinvestor.co.uk/evil-diaries/evil-diaries-various-speculations/

Something going very wrong here..

very difficult at below 25p. Especially given they rejected something in this range at the time of the farmout (you would think)

E.g.

If that is correct, there is a fundamental question about the timing of the Loukos drill. If it's successful it's going to make AP's accepting of a lowball offer (e.g.

@smyth111/All - you have to ask who the seller is.. Covalis must be out by now... It's bizarre.. and what are Askars intentions... ?!?

Unlikely to be NEO with their current parentage... I struggle to see anyone shelling out on the CNS for a current non producing asset (until the political uncertainty clears)... although I really hope I'm wrong on this

I remain very pro JOG over the medium term...

DYOR

Anyone got the how many buys and how many sells for today? Looks to be a lot of transactional activity..

DYOR

:-)

Deal

Why don’t we skip the bet and just agree to each give £150 to charity when the buyout happens at 50?

I think so. To get 50 I think we need a buyout too.. but I also think that will happen ..

Yes. But the BO is in my favour

I am thinking B/O. If you include the BO option you have a deal.

If Loukos and Anchois come in and Energean exercise the option I think that’s probable (a buyout at over 50). Assuming they have probably knocked back 25+ already..

Gooner! I quite like it there.. it’s a lot more fun…

I’ll take 50+ after the two drills .. anything less is a shock show despite todays illusions ..

DYOR

*sanctioned energean if they weren’t giving …

Does anyone have a subscription .. I suspect not at this price unless they are industry folk!

You get the gist from the opening teaser though … I can’t help but think that Morocco wouldn’t have sanctioned Energean if they were giving assurances that they were in (subject to the drill). And Duncan/AP would have taken the ‘offer’ if they were convinced the ‘asset’ wouldn’t yield the right result ..

A surprise at Loukos, Anchois in the bag and goodbye to MR CFD.. plus a bump from the divestment of power and more talk from the EU from Hydro and our 100p is looking up

https://pemedianetwork.com/petroleum-economist/articles/upstream/2024/gas-discovery-could-transform-morocco/

Good post btw Snott! Make me feel better anyway…

DYOR

Exactly. Im not an expert, but - if they are closing a CFD which they are short on, they have to buy. They might do this through the use of a limit order which, in absence of others buying, would theoretically keep the price low ..

..... someone may be trying to close out a position...