Ann: Pivotal Carbon Capture and Storage Approval for Cliff Head, page-24

Firstly, I am a shareholder and this for a number of years. My enthusiasm for the stock remains however this great news has delivered very little in shareholder value today. Why is this so... is this because:-

the stock remains highly speculative;

no one really believed the company had the ability to meet the "make good" provisions of the Cliff Head holding, in any event so the liability of anywhere between $10-35M does not really matter unless there is fantastic follow up positive actual events and the company then a commercial trading entity;

cash flow from the CH sale will not exceed that currently available from the sale of oil generated from CH;

future prospects remain in the lap of the gods.

Anyway, a positive step albeit one that the market has completely dismissed at this time, in my opinion. Directors must be thinking... what more are we able to do?