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Mike - just remember it’s already been above the 5p mark when the Shell hook-up was first announced. We are nor much closer to a firm commitment to drill, although this has been pushed back to Q1 next year. My view is that it will definitely happen and we will see such an announcement reflected in the share price at that point. If they then strike gas and we couldn’t have a better partner to make that possible then this will rocket to the teens. All my personal opinion and no advice intended GLA. The tide appears to be turning finally ??
Your guess is as good as mine Mike. I emailed the company last week expressing my concerns on a number of fronts to Mr Swindells. Got a holding response from them saying they would respond in due course once they were out of the closed period. Need to wait and see what comes back from him.
BOD need to start delivering that’s for sure. Mr Swindells has stated publicly that we were moving into a more operational phase with news to come on a number of different fronts - well Mr Swindells let’s hear exactly what the news is, not more bloody share options for the BOD I hope!
Agreed Mike - so much for all the positive news flow that Mr Swindells indicated. Where is it Mr Swindells? Time you and the rest of the BOD pulled your finger out and delivered something for all us long suffering shareholders.
Hi Mike - potentially could be.....never considered them to be fair. Personally I still believe it’s Shell though. However either would be a catalyst for our share price I believe. We definitely need some good news. Share performance has been terrible since the Farm in with Shell. Mr Swindells and co require to deliver soon as many have been waiting long enough!
Anyone else thinking that P2248 will be the licence we are after jointly with the International operator - (Shell perhaps)? Given that the company previously held this and basically had an offer on the table to farm in, but if I recall correctly the company felt that the farmee did not have enough financial stability. I have a personal view that this is the licence we are after with Shell. If so, and they are successful this will jump. Results of 32nd round usually get announced towards end June and that’s not that far away. GL all.
Good overall summary Serif with which I certainly concur. Wressle decision could be pivotal to the start of some exciting times here. I suspect we might not find out about Wressle until the New Year though. GLA
Anyone think that Hugh standing down might be related to a derisory offer from the major in relation to our Irish asserts that he did not feel was good value for shareholders, but others on the board wanted to accept? Hugh as a major shareholder with over 5 million shares at an average of probably over 5 pence has a vested interest in obtaining favourable terms for sure! Thoughts?
Tacoma - hopefully short-term we will have good news on Wressle and a potential farm-in partner for our Irish gas asset. However I would imagine that Hugh will also be looking to raise further funds upon any share price increase to cover exploration costs in Morocco and works associated with Wressle to bring it into production (assuming we get a positive hearing outcome). In addition we may require to fund part of any drill should we get a farm-in partner for Ireland. This is my take on how things might perhaps play out over the next few months with no advice intended. GLA
I reckon our Dewar farm out partner is highly likely to be BP Mike given other assets they already have in this area......fairly sure they are the major that was referenced in the recent update. Here’s hoping!
Time for Hugh and the BOD to deliver some value to shareholders instead of tweeting worthless crap on Twitter that brings nothing. If they don’t deliver value and soon they should all go and pass the reigns to a team that will deliver.
Would be great news if BP farmed-in to the Dewar prospect Exploration - extremely interesting info and many thanks for posting this.