I am encouraged by the fact, that the Placing was considerably Oversubscribed;-
"successfully raised gross proceeds of £10 million, with good new institutional support, pursuant to the Placing".
Source: https://www.londonstockexchange.com/news-article/PRD/result-of-the-placing/16063982
BW
I took a tranche at s/p@15.246p on the way down,...thought it was a good point to start increasing at, was not expecting such a low (11p) placing price, was thinking 13p to 14p range,....haven't increased further yet, waiting to see how the s/p settles.
BW
Agree with thread heading,....the update ( https://www.londonstockexchange.com/news-article/HUM/q2-2023-operational-trading-update-presentation/16054646 ) has my focus on the s/p ASK,....with our HUM shareholdings Gross Average s/p in the 15p range.
BW
Makes no difference to me, what they say,.....very comfortably positioned, looking forward to future news flow,.....we hold PRD shareholdings, with very sticky, very strong (6 figure free PRD shareholding held + crystalized cash profit) hands,.....I originally bought PRD shares back in 2018, for Trinidad & Corrib South,.....I'm not just here for Morocco, which at present, the ride I'm enjoying immensely.
Tune: https://youtu.be/pC_zffOenk8
BW
Yes, the deeper structures, were not reached by the Welwitschia-1A well ( https://www.energy-pedia.com/news/namibia/global-petroleum-announces-agreement-with-namcor-to-licence-3d-seismic-data-179262 ),....that's why I've held a GBP shareholding, for quite some time.
BW
The interview ( https://youtu.be/thyYwq0VXTA ), left me feeling very comfortable,.....that's what I picked up on, came across as very confident.
BW
Its good to have the date ( https://www.londonstockexchange.com/news-article/HUM/notice-of-second-quarter-trading-update/16038937 ),...been here about a couple of years, looking forward to the update
BW
Hi scoredagainsteps,....yes, I'm OK, I hope its the same for yourself,....I was reading an article earlier, headlined;-
"Higher Q3 Oil Demand Amidst OPEC+ Supply Cuts"
Source: https://www.dailyfx.com/news/forex-oil-fundamental-forecast-q3-the-catalyst-for-crude-oil-wv-20230708.html
I'm uncertain, as to where I think the oil price will be, at year end.
BW
Russia confirms BRICS will create a gold-backed currency
Source: https://www.kitco.com/news/2023-07-07/Russia-confirms-BRICS-will-create-a-gold-backed-currency.html
Have a good weekend, all here.
BW
Agree scoredagainsteps,...BOR is a keeper for myself,....our BOR shareholdings sit in our two ISA's, & that is where they are staying (I top sliced to virtually free BOR shareholdings, quite some time ago),.....we are perfectly positioned here at BOR, to hold our BOR shareholdings indefinitely,.....same with our RKH shareholdings (now positioned to hold RKH indefinitely) , after recently top slicing our RKH shareholdings to free RKH shareholdings.
BW
Thanks seabright,....I also was not aware of that statement, (& I first bought PRD shares in 2018);-
“This is the best prospect I’ve ever seen in 44 years in the business and that’s because of it’s commercial attractiveness, it’s cheap drilling, it’s geology first and foremost and I think I’m in a position to say that because I’ve been involved in Libya, I’ve been involved in Argentina, I’ve been involved in Colombia, I’ve been involved in Abu Dhabi over 44 years and I have never ever seen anything where I can spend two and a half million dollars and get a TCF of gas two kilometres from a pipeline with good geology that I’m very, very comfortable with and that’s why I’m a 20 percent shareholder…this is a fantastic opportunity, it’s risk reward is unbeatable.”
BW
Barryroe Lease Undertaking Application
Initiation of Arbitration Process under the Energy Charter Treaty ("ECT")
Source: https://www.londonstockexchange.com/news-article/LOGP/initiation-of-arbitration/16017104
Having just been through a successful arbitration process (we also have RKH shareholdings),....this leaves me feeling optimist, regarding our LOGP shareholding.
BW
Agree, looking good ( https://www.londonstockexchange.com/news-article/HUM/2023-agm-statement/16019039 ).
BW