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08/06/22
19:17
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Originally posted by Onspeed:
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Quite impressed with company leadership after a phone call to them. Confirmed the history and ability to create shareholder value. Gem and P2528 are our closest value creators and I’m eager to see P2528 resource estimate also. Apparently on the UK O&G roadshows, producers are actively chasing drill prospects with 3rd parties - that’s exactly what we want, and what we’ve predicted will occur this year. I also wanted to know how the cash burn will be managed and was confirmed the strategy is to continue letting deep pockets fund our prospects. I think our current balance should last us through this energy bull and keeping a tight capital structure is important Increased my holding to 1.8
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The scramble is on across the oil and gas sector to find more gas and oil to fill the growing gap and supply shortfall. Expecting an Ann soon on the next play ,still tipping the GEM o