U do release its Friday, the big sell of will come shortly. Gla |
Back to 1p |
This has a 100% close written all over it. If not more. |
Sad but probably true. |
I doubt he could get the Tea Trolley over the line. If no-one has been interested in Jamaica for years then why would they buy in now? It's a rainbow to support a lifestyle company. |
We all deserve a bit of luck mark so fingers crossed the tea boy can get Jamaica over the line. |
I was in a few years back so know what you mean |
Good luck Mark you will need it. Take it from a very long termer. |
Had a wee dabble |
United Oil & Gas today announced they had completed the withdrawal from Egypt allowing the company to now focus on the potentially huge 7 Billion Barrel Jamaica opportunity with strategic farm-in discussions at an advanced stagehttps://smallcappix.com/blogdetail?id=41 |
So Teaboy's managed to fill in a few forms after several months, now he can focus on kidding us someone is interested in Jamaica, when's the next discounted placing, yawn... |
7 Billion Barrel opportunity https://smallcappix.com/blogdetail?id=41 |
Good to have a bit more money in the pot to keep the wolf from the door.
Unfortunately we still have a lame duck Ceo. |
Cash in and.. "We can now focus our efforts on growth opportunities, particularly in Jamaica. Our Farmout discussions are progressing well, and our team is making excellent headway with selected parties. We look forward to providing further updates to shareholders shortly." |
Well if not he ought to. Bloody useless. |
Wonder if teaboy reads how well Selva is doing, and thinks, hmm.
Cost to drill £862k
Net revenue last quarter £1020k
OK, not quite like for like, given PXEN has a greater equity, but a real cash cow given away |
Quite probably. Just ran the calcs, cash runway is 3 months at best, don't see how they fund the piston thing. They need a farm-in within weeks and they are not yet even discussing it at a contract level. Bar a miracle it's game over here in my view. |
He'd still find a way of screwing that up 1347. |
They'd be better off diversifying into tea and biscuits, less Capex required and a ready made local market. |
great post, 1347
I read it as "during the period, the biscuits ran out twice. That, plus the tea, led to a loss of $1.38 million. They are called RICH tea for a reason" |
1347 🤣 |
"We remain engaged with a number of interested parties as we continue to progress the farmout process."
After all this time they are just at the 'remain engaged' stage, which means Teaboy phones them up from time to time. I can imagine how it goes.
Hello it's Brian Larkin here.
You don't? I called you before, I used to work at Tullow, remember?
Yes some people do still call me that, now can I interest you in a farm-in on our Jamaica asset?
No we still haven't drilled anything yet but we have some pretty seismic pictures.
It isn't? Well we are planning some piston core sampling.
No I'm not sure what it is either but can I give you another call after we've done it?
I can? Great I'll put you down as 'still engaged' then. Bye. |
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