The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Some notes from introduction.
Off set decline and likely increase production with compression. will be bumped back up. Stabilize and extend. 1st well to be compressed end August/early Sept. Some delays due to Covid with fabrication.
Sancrai - exploration well - encountered 20m gas. measured gas not inferred. Good porosity. Couldn't flow . Due to costs - 120k a day of testing equ. instead of guessing where to re enter for flows we decided to suspend and look at all the data to plan. market reacted harshly. It is a discovery, need to decide how to develop it.
Financials - were good. Very sharp up tip in gas premises towards end of period and expect it to continue. Business continues to proceed well.
Was not impressed with the news releases today. The company continues to cause itself problems. The decent interims were lost on the suspended drill RNS. Why oh why release at the same time? I can only assume they left it late as they expected a solution to the flows. This may yet be the case.
Tomorrow, with Auld doing the presentation, is front and centre as to the Sancrai options and depletion of output in general. Time Auld and the Bod stepped upto the mark.
Yes it has been a frustrating last 6 weeks or so seeing it reverse for no real reason . Hopefully pick up as liquidity returns.
We will have to wait and see but at the moment you are living up to your moniker or at least part of it. Interims tomorrow. Everyone knows there is a seller about but their supply is finite and they have been at it for a while. A big volume day is all that's required and if all news comes in positive the sp will move move accordingly
Asher didn't hang about with getting the placing away. Interest will be dulled in TRP for the time being. All part of the AIM merry go round.
Too much tea leaf reading here, let the news come when it is ready.
Due on the 12 - Thursday. Nice to see some volume to eat up seller - notice a 500k clip go through delayed.
The flow rates could land any time, I hope they keep them in a separate RNS to the interims.
Shouldn't be too far away for flow rate.. Still a chunk of the seller to clear but really easy hold if anyone can for the next 12 months.
Yes decent enough set of results with more to come. Still think the marked is waiting for details of the funding going forward for Kouroussa. Great level to to buy in.
They tend to investor presentations regularly, although I should imagine they would be keen to get the flow rates out prior to next Friday as that will be a topic of conversation.
12/8/21 is the date pencilled in for the interims.
https://serinusenergy.com/events/semi-annual-report-for-the-1st-half-of-2021/
Some excellent posts recently and just shows how a BB should operate. Offering reasoned opinion as to the pros and cons. I personally like the fundamentals and future developments. The m/c is a big draw. The debt free situation is a big plus as is the increasing cash pile. i would just like confirmation via RNS re the funding of Kouroussa before going really big into the stock.
Decent volume today, took a bit more.
No thanks offered to RP and leaves with immediate effect. Speaks volumes. He has been shown the door .
Oh dear PG is rolling the dice and the devil is in the detail
Operational highlights
· MOU-1 TGB-2 target successfully penetrated at 1229 metres TVD MD.
· Gross section of 75 metres corresponds to pre-drill seismic "bright spot" with increased resistivity log response and formation gas show.
· TGB-2 now interpreted as western distal limit of the MOU-4 submarine fan ("MOU-4 Target")
· Potential for structural/stratigraphic trap of up to 60 km²
· Proposed forward plans to include rigless testing and preparations for an appraisal well
· MOU-1 establishes a basis for commercial joint venture discussions with gas-offtakers in the Moroccan industrial sector
The words in the above excerpt from todays RNS speak volumes - 'bright spot',' potential', 'proposed' and last but not least' basis' shout out there is too much uncertainty here.
Well PRD looks go be going back to 4/5 area.
The downward pressure continues on this stock. Too may red days. On the watchlist as it is an appealing investment .
Looking to add on further weakness, news can't be too far off.
A tad underwater here as most will be, however, content to hold as the company has some interesting projects and the BoD appear committed. Spread is off putting for many.