Farm in is the big one IMHO - PSC is more of a side show |
Farm in news would be preferred with a cash payment and free carry on the drill bit. |
The moment useless politicians (who are parasites by nature) get involved in negotiations for anything, then everything grounds to a halt. |
if this goes nr 10p again ill pick up a holding.
in this market dont want to buy anything thats weakening.if the farmout doesnt happen in q4 people will start fretting about a placing as they only have dough until q1 25. |
Still talking it seems ...
In a written parliamentary reply to Sibu Member of Parliament Oscar Ling Chai Yew, Azalina said the talks have been prolonged due to the complexities surrounding Sarawak's Gas Distribution Ordinance (Amendment) 2023. |
I've been topping up too. Not too long until news soon I reckon. Expecting big things here. |
It would be good if the overall Petronas/Petros talks could be concluded soon .
October 1st was the nominal end date .
At least they seem to be amicable based on everything I read last month .
And Menzies seemed relaxed about it in the presentation. |
I added another 50k today, takes me to 900k. Free float is very small and the prize could be immense. One things for sure, this will not be £8m mcap with line of sight to 9TCFs. Regardless of anything else. Its all about sentiment + a dose of patience |
I'm adding when I can. |
The prospects havent gone away ..why not just be patient ?? |
The sell off is brutal here, but management have only themselves to blame for giving unrealistic timelines for something they don't control. Mid summer, lol |
Got another small 16k today, every little helps get to my ambition of a 1 million shares holding here.Patience imo will pay off. |
I've been topping up on the basis of Kertang farm out, and other prospects beyond the DROs |
the Company announced that it had provisionally been granted an award, subject to the successful negotiation of certain key contractual terms, for acreage in shallow water offshore Sarawak containing several material, undeveloped gas fields capable of near-term development.
Looks like investors (or traders) are getting anxious over these negotiations.
Remember nothing is a given until it's signed and sealed. |
The 14k is my tiny top up , profits from char trade |
It's now 6 weeks since they said coming weeks and 2 weeks since they said shortly. Must be this or next week surely! |
Tweet reply yesterday from the Seascape Energy X.com account:
"As recently highlighted in our interims presentation, Indonesia continues to be on the front foot to drive investment into its upstream industry." |
If you missed the Investor Meet .. |
Good volume on Friday - getting closer to news! |
Farm out still due?Longboat's near-term focus remains on its transformational Malaysian activities:· The farm-out of Block 2A is well underway and the Company remains confident of executing a transaction during Q4 2024 |
All buys this morning so far. Best pick today for Q4 2024 and beyond imo |
A big hint there and imo could be our partner in the DROs too.
To quote the recent presentation,
"Partnered with a well known operator"
And from the results rns;
" addition, an Area of Mutual Interest ("AMI") in Shallow Water Sarawak was signed at the end of 2023, between the Company and another international E&P company active in Malaysia, to pursue discovered resource opportunities ("DROs") being offered by PETRONAS. " |
Our preferred partner ?! |
Classic Zengas. Good to see you posting again.ATB. |
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