Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
"the issue I have is whether we will get any value out of this with an average of 5p?" I think that all very much depends on the outcome of CH1. Part of the sell off I think is down to short termers thinking it will be a while before drilling starts. Be interesting to hear any thoughts from AGM attendees on when we might get drill in the ground there now
"Finally, it is worth noting that the Zubair Corporation has existing businesses in Tanzania and enjoys a good relationship and has an excellent reputation" This I think is key and massively derisks aex moving forward.
Agreed isas. We were only trading this low because of perceived risk. A lot of that has been removed today and as that sinks in I expect us to return to well above 4p. There won't be many who bought in the 2s ( volume has been pretty low last few months) so once we have shed a few profit takers the onward and upward.
Indeed tanzania. Well done to everyone who kept the faith and commiserations to those who listended to the doom and gloom and ended up selling in the low 2s. Big ups to drewky especially who has taken many brickbats for being positive.
Good to see some diversification. And oil back at $78. PFC too cheap at this price imho. Someone has to be eyeing it up... Petrofac wins contract for Dutch offshore wind farm grid Tue, 10th Jul 2018 09:09 (Sharecast News) - Petrofac has been awarded a $200m contract by Dutch-German transmission grid operator TenneT for the Hollandse Kust Zuid offshore grid connection for a wind farm in the North Sea. The Dutch government is targeting a total of 3.5 gigawatt of wind energy production capacity offshore by 2023. To achieve this, five 700 megawatt standardised concept transformer substations are planned for installation offshore Netherlands. Petrofac will be responsible for the engineering, procurement, construction and installation (EPCI) of the third and fourth substations. Group chief commercial officer George Salibi said: "We have been involved in a number of projects with TenneT in the North Sea, so are delighted with the opportunity to support them with this key project. The award of this EU tender builds on our relationship and is further demonstration of Petrofac's expansion into adjacent sectors, including renewable energy