What now I wonder ? |
Just binding time ready for the transformational RNS, then the sky is the limit. Maybe an opportune moment to join the party.🚀 |
...I doubt directors are currently able to buy given their inside knowledge of the imminent farm-out. |
Forgot to add, director buys at this stage would be a strong indicator |
A farm out confirmation if the deal is decent enough will get them interested. |
Anyone with knowledge of these things care to give their opinion on when any new IIs are likely to be looking to buy into the Seascape story?
Could it be anytime now because the story sounds good? Or on farm out confirmation? Or more likely on publication of CPR for DEWA next year? Or what? |
i cannae hold her much longer captain! |
Expected Q4:"The farm-out of Block 2A is well underway and the Company remains confident of executing a transaction during Q4 2024." |
I believe we may well test the 40's today with the pipeline of imminent news.🚀 |
Probably create a holding pattern at these levels for the next few days/weeks, possibly a pennant/flag chart formation. IMHO. None of know when the farm-out news will hit or even if another DRO award. |
Good volume in 2 hours of trading and hopefully this leg takes us to 60p+ before the 2A big news lands. |
£14 long term £4 within striking distance, Chance of a lifetime imhho. Onwards and upwards.🚀 |
What's your target smraynot? 40p? 400p? or 1400p? (i.e. How much patience do you have?) |
You first starting posting when share price was 38p. |
That's a better start.👍 |
I expect $5-$10M cash element, but we could get a nice surprise. We will find out soon enough.
I would rather have full 15% carry and limited cash up front. CoS is beyond the 22% stated IMO |
Do you own calculations and position accordingly. I'm continuing to buy - very excited about the story here, regardless of the actual size of any cash element received as part of the farm out. There are other significant value drivers beyond Block 2A, that is now clear |
sounds far to high $30m / $40m cash element - £23m
how does that poster know this info, did it come from the BoD, or making it up - many investors will be all over this if they officially knew they were going to get circa $30m / $40m in their farm out - way to high |
Tomorrow will be a good day. |
Sounds like this oiltdr poster is very close to Sea, or else it is pure speculation at this stage. |
Up front I understand - as per the full version of the post you quote: "For acreage and resources of this size and given the competitive nature of the tender the company will be looking for a) a full carry to development and b) cash of c.30-40musd. Clearly there could be other staged awards or milestone awards but they are in a position to get a full carry through here rather than just for initial drill. The cash received up front will likely exceed the current market cap as of Friday close" |
Is the $30m expected on the farm out or on full carry at development stage, if proven commercial. Seems a very high amount to pay cash just on the farm out
"For acreage and resources of this size and given the competitive nature of the tender the company will be looking for a) a full carry to development and b) cash of c.30-40musd. |
replace ,,, with t.me
ADVFN doesn't allow telegram links |
Sorry if this question already posted by someone but I'm new here. Is there a Telegram group for SEA? |
Chevron are not committed to drilling a well here. The committed costs are the 12.5 plus up to 15 on behalf of CEG for the 3D seismic, so up to 27.5 bucks to CEGs benefit. If seismic costs go above that CEG will have to start paying.If Chevron do opt to drill a well the partial carry is capped at 20 to CEGs benefit. Above that & CEG will have to start paying its share of drilling. |
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