Member Info for TayEstuary

In theory, the downside of dilution is offset by the additional capital to grow the business more quickly. I suspect this was also partly political as they want to be seen as the type of organisation that can react to the opportunities they share with Sonangol. It shouldn't be forgotten that we could have a large upside, with no downside, from the drill currently being undertaken by Sonangol which Afentra are not contributing to. To keep this partner happy it's more than worth it.

A few weeks ago I think we were informed that 70 x 2m bbl tankers were coming to USA to take fuel to Asia. I would assume that this would be over the usual demand yet the figures of withdrawals are relatively modest. Anyone know why?

I was expecting a higher average price received - all the commentary about the physical oil price for April deliveries suggest that is $20-$30 above futures price, which is lagging well behind. Surely the AXL management know this and should be getting a better rate - someone at it or a locked in contract? Someone is making a killing and it's not us (we're doing pretty well)

As we will be making/have made (does anyone know when for April) physical delivery should our next price be circa $145 for the unhedged portion. This seems to be the price for delivery now rather than futures price