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Should get news on those shallow well work over results from the US soon

I wondered why there had been some large purchases lately

There has been some unusually large buys going through recently

From petronor presentation 23rd February 2023

Good to see they are looking to get finance as a group and not all individually. Work will start as soon as finance is agreed.

Tenblackgold.com

Let's see if they have negotiated the trafigura facility again as it was meant for phase 2 use.

I'm only going on petronor's presentation and announcements, it was there I found out there has been no production since November when they terminated the FPSO lease. And they also mention the % of aje, which would match if they bought adme's stake and is added to what they already own.

The next news we will get very soon is for the new FPSO lease. There has been no production since the old one was terminated in November, so when the wells are put back into production they should produce good numbers initially as the pressure has built up in the reservoir. Petronor isn't going to hang around on this and will get things moving quickly. There will also be news on the pipeline to the mainland. Would also say our stake will get taken out by petronor in due course. I still believe oil will break $200 a barrel because the Saudis are not going to increase production to replace russian oil. If they do, it will be a small amount that makes hardly no change, and the price of gas is going to rise substantially too.

Not sure, but I think I remember reading past rns's where they said they had already started buying bits of equipment ready to start phase 2, this is going back a good while though

That's why there has been nothing about a placing, they are hoping the outcome will compensate them. Knowing OSA he will probably comeback with what adme put in it

Looking popular today on the buys

If they sell the next uplift now at this price, they will double the payment they got last year

While the price was getting talked down, I was accumulating, have amassed 1million shares at a fraction of the price it would have cost me. Only time will tell if it was a good or bad decision, but it was my choice.

This share is about to recover lost ground, with crude getting stronger and phase 2 been commenced

Looking at the chart and recent share activity, this is on the brink of moving higher

Petronor should offer to buy our stake in oml113 if they are creating a special purpose company with just them and yinka. Less partners for them to deal with. For all we know they may approach OSA with a price

Thanks for sharing, that's some good news, finally

Whoa things are going to get pricey

Looks like things could be turning positive, see if we get another blue day on Friday, they will have to get an extension from trafigura in order to have finance in place for phase 2