Boom times ahead....management have played a blinder. No need for me to repeat all the other good posts.
Exciting........... |
It’s a very good deal even at 10% on 2A.
The $10m cash payment on completion is worth 12p/ share and today’s small fundraising at 35p really leaves the company in a strong position.
A commercial discovery would lead to a similar 12p share payment.
Upside here on 2A still around 500p share using Cavendish’s $2/b with double that if it goes to production. Good to be carried for the appraisal well. Just need an indication of drilling in the next 12 months or so hopefully.
Company now cash rich and DEWA with its resources to be re rated to reserves on a development sanction.
MBR release of projects in the next 8-10 weeks. |
SEASCAPE ENERGY ASIA PLC will be holding a Investor Presentation meeting on 3rd Dec 2024 at 10:00am GMT.
Compulsory viewing ! |
Well done Seascape! Exciting times ahead. Cash now to fund DEWA to production, as well as a free carry on the Kertang drill, which if successful will send the company valuation to the moon. Small placing seems justifiable to remove uncertainty as to regulatory sign off of Block2A.
Big difference between Longboat and Seascape seems to be that Seascape are actually doing what they say they are going to do, and much more quickly! |
Great News
Kertang to be frilled with still great exposure and no cost to us, little placing at a very good price and enough cash now to go after that cluster.
They only left Norway a matter of months ago and already have farmed out the huge block and have multiple discoveries to go after.
Fair play to the management here, hands on and getting on with the job..
I like it! :) |
Now we see why cavendish report wasn’t as buoyant |
Put a lid on upside but protected the downside nicely. Clearly they were about to run out of cash. That risk has now gone. |
Nice Katsy, isn't that most shares. Hopefully cleared out the seller now anyway, looking forwards to the farmout. |
This share reminds me of a cartoon meme I once saw. Where one trader is talking to another and says, this stock will excel, another trader hears cel as sell, then everybody is sell, sell, sell, sell, in the carnage one trader says I'm outta hear good bye. One here's the bye as buy, then it's buy buy buy. |
News sooooon, enq |
Who dares wins👍 |
Really lucky to get 100k at 34.4p today .
GLA next month ! |
Of course, nothing changed here. Getting closer to a partner for 2A no doubt.Cash |
Buyers back in this morning, nice! |
30p should be the bottom |
Chart says support at 31p. Will probably pick some more up around this area. No reason to suspect that the deal wont go through, they haven't indicated otherwise and hopefully they are negotiating hard to get a bit of cash out of it as well. There has been a decent sized seller since the top, probably deleveraging as a rational investor should do if they have a big holder. For me at least, this is just a normal pattern following a big rise but I expect to see support at that level. nai, dyor, wtfidk! |
As a holder in this for the longer game, and still seeking to accumulate more shares, I'm slightly surprised, but happy about this drop. |
Be getting some more then.Still expecting a partnering announcement around year end.Cash |
Low 30s coming |
Well I've long thought the Farmout is 95% inevitable.
I've also long thought its going to take some time,maybe longer than some folks think .There are lots of moving parts.
Its one thing to resize its another to be completely out .
Not a good idea at all IMV . |
Will smraynot be back from his trip on the Metro before news lands here? Be a shame for him to miss out.. |
Could do with a little update on any progress |
Dangerous strategy but whilst the large grey creature is still in the room there is room for manoeuvre. |
No harm in that but do you think you might have to pay more |
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