The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I'm with H/L they do not lend stock out at all.
p.s I should think shorts would be closing before 24/8, prior to update, or at least unwinding, I'm hoping we should debt free or not far off.
Unless the shorters know something we are not privy too.
ATB
I think the grey market is for IPOs
Sorry over the counter trading.
Over-the-Counter-Markets: What They Are and How They Work
www.investopedia.com › ... › Stock Trading Strategy & Education
Or under the counter trading? not so sure when suspended though.
HappyRob do think they are trading on the grey market. or old trade before suspension.
Mulder between $180/$200 approx .
ATB for Monday
Genel Energy PLC: Update on Sarta PSC
13/12/2022 7:00am
UK Regulatory (RNS & others)
Genel Energy (LSE:GENL)
Intraday Stock Chart
Tuesday 13 December 2022
Click Here for more Genel Energy Charts.
Genel Energy PLC (GENL) Genel Energy PLC: Update on Sarta PSC 13-Dec-2022 / 07:00 GMT/BST Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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13 December 2022
Genel Energy plc
Update on Sarta PSC
Genel Energy plc ('Genel' or 'the Company') announces the following update on the Sarta PSC (30% working interest and operator).
Testing of the Sarta-6 appraisal well has been completed. The well was a six kilometre step out from, and was c.300 metres downdip from, the Phase 1A pilot production area.
12 intervals were completed for individual, isolated, zonal testing of the Lower Jurassic primary objectives (Mus, Adaiyah, and Butmah) and Middle Jurassic secondary objectives (Garagau, Najmah and Sargelu). The primary Lower Jurassic objectives all flowed formation water only while the Middle Jurassic intervals flowed heavy oil (9-11 API from field measurements) at rates ranging from 500 to 900 bopd, and 1,800 bopd when commingled (surface equipment constrained rate).
The potential for longer term development and monetisation of these heavy oil resources will be assessed as part of the joint venture's view of future Sarta field development.
Further capital investment on the licence is contingent on the extent to which there can be confidence that such investment can add cash generative production. Following the results of the two appraisal wells and ongoing pilot production, with field production averaging 4,000 bopd for Q4 to date, it is clear that initial field expectations are unlikely to be met, and hence Genel will be required to undertake an impairment review of the carrying value of the asset.
Pearls, don’t forget the £37 billion on track n trace, all that money mysteriously gone.
But the the good ol tax payer will pick up the tab for it all.
Still no enquiry into that fiasco.