RE: Share Placing19 May 2018 10:19
Yes Rob, the placing has already happened, 37% of placing shares are in accounts now, the rest are subject to EGM, although you won’t see any sellers at these levels imho, especially considering rumours I’ve heard swirling around regarding the imminent CPR.
JV soon after CPR imho, then we drill our first well out of 59 targets, an optimist might go for q4 this year for that!
Imho, we don’t drill the stand out siesmic target first, we drill the target with the highest COS, closest to infrastructure, for low cost hook up, with strong read across in geology terms to existing fidelity wells (neariology) Rose is rumoured to be targeting 1000bopd from this first well, but even better figures possible in the future imho.
With an experienced team on the ground, with a proven track record of success,( ex fidelity) we stand the best possible chance of success with our first well!
And to newbies looking in, but for Rose’s previous poor record of delivering, not all their fault, (companies can’t do business easily in Cuba and USA under Trump just ask David Lenigas on that 1) this as a new company with these assets would at ipo be a £15-20m company!
Go look where we are now! £3/4m
Thankfully I had a 400k Top up Friday, took ages to buy, so shares in tight supply, no suprise with low share issuance.
All the above imho, and of course DYOR!