RE: VELOCIRAPTOR RNS NEXT WEEK10 Jun 2023 14:49
Anyone who think GOM wait until refinery built need to understand BASIC economic & national resource management.
Economy will lose revenue from PSC all for "saving the oil" like some people on BB say lol. Also send out very bad msg for foreign investment which is priority now for country.
Why wait so long for LP? This have been answer before but maybe right Q is why Govt overide local and take over direct with Special Certification. This so NEW GOVT can get job done.
Remember must make sure Special Certifucation is WATERTIGHT and they do this with CORRECT Ministry submission. Like mr Mike Buck say in 22 May RNS
"It is ESSENTIAL that the process is followed in FULL COMPLIANCE with legislation". Better I think we did have few more week delay then shareholder cry if legal process not watertight through wrong Ministry submission.
Price did drop from 7p to 4p and think this show lot if derisking ALREADY have happen. Progressive Report give price WITHOUT Velocirapror at around 27p so agree or not think everyone know massive discount if you believe Heron land access coming.
Some say "Market does show this or that". I say with such short timeframe market show REACTION not PREDICTION for LP.
Mr Dozzababa you are right. This year 2023 is Year Against Corruption and lot of new development to stop this including checking of Govt employee bank records & assets, E Documentation process, Seizing asset of guilty one, Getting rid of amnesties.
One who follow all this development know what happening & why will not becsurpryse with Petro Matad / Govt partnership BUT need RNS to confirm.
Lot if talk of Renewable as well in last Parliament session.
I expect Special Certification news BEFORE V1 drill result in about 5-6 week. Mr Master make good point could already be sign in last Cabinet Meeting but this is timeframe I give (all reason why & with timeline did give before).
If person say "do not think it come" or other thing then do not invest & be happy somewhere else lol
What you think they here for ;)
Be Happy & have good weekend. Think will be great week next week & moving through V1 operations :)