Todays news from PGY was good but its non binding and requiring certain steps/criteria be met.
Unfortunately I see no juicy down payment to PGY. But could help with future payments if it goes through.
Just confirming what TEG has told me.
A line has been drawn in the sand. No more changes, no more deals.
Pilot MUST pay TEG between $4.5 - $5M by Thurs 31 /10/24.
If they don't pay they will default on the entire CCS deal.
Personally I can't see that happening for very obvious reasons.
TEG has informed us all as well there are some other Juniors interested in partaking in future PB drill activity.
Becos is shallow, it won't be expensive. We wait on rig news.
They will require a bigger rig for mid next year, that will cost more money.
But a positive outcome Becos could change plenty, I hope so for all our SH sakes.
I see the UK permits as pretty much useless, market attributes us pretty much nothing at all towards them as well.
The Philippines Offshore permit I see as very attractive. We should get this. The other parties that were competing also for it have now come in with us in a joint application and we will be Operator. This will be good.
Our BOARD needs to produce news to change our current SP status
Above is AIMHO as always DYOR.
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