The force is strong here.
The need for a cash call is way off.
The CEO would be defending innocent shareholders and blaming the fall in share price on everyone but himself, otherwise.
And there would be one of those slick[sic] videos with smiley, happy faces.
Be careful. |
Thanks badger. I am anticipating a fund raise at 0.5p. Give or take 0.1p. |
I wonder at what share price that the next fundraiser will come at? The last one came at a circa 50% discount to the share price 2 weeks or so after it was trading at 20+ p. Ongoing expenses with still no substantive flow tests or real progress suggest that more cash will be needed.Perhaps or 5 or 6p based on the current share price is if they're lucky. How much they'll need is debatable. The dilution could be painful, added to which the current market is not conducive to raising cheap equity......or funding. |
Absolutely Trop nice and cheap with a low cash burn. The great work gets done eventually doesn't it? Maybe you would prefer a high cash burn rate and achieve nothing (HE1). |
Supplies are running low more chewing gum and string please. |
Needs another farm-in for the cash to develope the Chariot asset. Energean do not have the dosh to develope nor will they for the next 5 years at least assuming a decent oil price. |
The force is strong here
hxxps://www.msn.com/en-us/news/world/energean-plc-enters-morocco-giving-hope-amid-israel-morocco-tension/ar-AA1l9qyk
Be careful. |
Oh yes and SDX chasing bubbles and redirecting to green stuff in their recent rns. |
Bit surprised at Chariot's farm-in on Morocco assets today. The partner has a market cap of $4b and net debt of $3.9b. Be quite a while before that gets off the ground if you ask me. That's why the CHAR share price is down today. A seemingly poor farm-in but leaves the Moroccan market open for PRD. Reminded me of Premier and Rockhopper. |
Am looking forward to the CPR from Trinidad this month and was intrigued that it could be as big as Morocco (presumably without the Jurassic proved up).
In my head, Morocco (if she flows well) is capable of producing $120m post tax a year on CNG alone.
Anyway we glean from PG just how big Morocco is currently from the hopeful numbers in cpr on Trinidad . Bit of an oxymoron.
That's my interpretation. Circumstances being normal, can only see upside on the share price this month in the lead up to this revelation of a cpr from Trinidad.
Good things come to those who wait. |
Here is another warning, from another trusted poster, about Pro_S2009's extremely deceitful activities on Advfn.
With Thanks to "Darcon" this time.
"WARNING!
pro_s2009 often gives large numbers of plus1 coins to his own posts to display his mendacious content immediately below this thread header."
Please don't say that I didn't try to warn you. |
Here is another warning, from another trusted poster, about Pro_S2009's extremely deceitful activities on Advfn.
With Thanks to "Darcon" this time.
"WARNING!
pro_s2009 often gives large numbers of plus1 coins to his own posts to display his mendacious content immediately below this thread header."
Please don't say that I didn't try to warn you. |
Wonder if the 25 Tcf crew are loading up at these low prices? |
The second RNS wasn't about free shares, bonuses or options as far as I can see. Carl Kidinger bought a further 210K. |
The force is strong here.
Ah! A second RNS!
Right on time.
Now the management team can get back to the serious business of thinking up the next excuse for delaying testing.
Especially the testing of Mou-1 after two and a half years.
My bookmaker won't take my bet that no testing will happen in January 2024.
He will take the usual "Elvis will be found working in a Dorking supermarket" and "aliens with 3 eyes and frog legs will have the Christmas number 1".
Be careful. |
The force is strong here.
Some things management does well.
Free shares, bonuses and options.
Always on time, unambiguous and plentiful.
Be careful. |
Mike290 and sirmark and markliddiard.......all related and should be filtered. |
The force is strong here.
No, I can't.
And I think it has yet to be decided, according to the RNS, by negotiation.
It would be better for Predator shareholders, obviously, if it was Afriquia so that Predator could concentrate on drilling.
Be careful. |
Just a suggestion:
Mike290
4 Dec '23 - 11:22 - 6486 of 6487 (Filtered) |
All right, I wasn't clear:
- IMO the 50 mmcfg/d should be regarded as upside, not expectation.
- IMO the CPR states that PRD pays 100% of development costs up front, and recoups 100% of these costs from proceeds. That's how ONHYM covers its 25% share, which seems quite normal in a carried situation. I shouln't have said PRD will "end up with" 75% of development costs, it's not how it works.
By the way, I'd like to correct my understanding of who bears transportation costs/funding. The RNS says purchase is on delivery to the CNG trailers, which suggests PRD will not be responsible for transport. However the MOU suggests either party may fund the purchase/leasing of the trucks/trailers, and the final terms will adjust for that. I would have thought Afriquia would be much better placed to sort out transport, as well as source funding for it, so I'm not sure I have this right.
Can you add any clarity? |
The force here is strong.
"And I have said previously, it would mean Predator expect to achieve 66.7 mmscfg/d."
Might be better to see that as upside potential rather than an expectation"
No. To sell 50 mmcfg/d Predator must produce 66.7 mmcfg/d.
If they only produced 50 mmcfg/d, 25% of that would belong to ONHYM and they wouldn't be allowed to sell it without an agreement. There is no such agreement.
So they have to produce 66.7 mmcfg/d.
The question is what happens to Onhyms share.
And Predator states in the RNS it is finding the cost of the facililities. There is no mention of ONHYM at this stage.
Be careful. |
OK. I'm saying, if the project is commercial, Predator will only end up with 75% of the development costs. And if the tests or contractual terms suggest it isn't commercial one might reasonably assume they won't go ahead. Are you suggesting (that the RNS allows for) anything different?
"And I have said previously, it would mean Predator expect to achieve 66.7 mmscfg/d."
Might be better to see that as upside potential rather than an expectation. |
Pl give it a break Mike
Tiresome in the extreme
We are all grown ups and make our own choices
Thank you |
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