OGA update on Dana -Parkmead-Cleeton progress report dated 6/9/19.(Scroll down to Dana ) . Concept approval. :- https://itportal.ogauthority.co.uk
Sanction now estimated for Q2 2020… We could be looking at next June, that seems a long way off yet.
If some clarity on the Pitreadie deal isn’t forthcoming very soon we will be testing the lows of 34 or 35p again. I never thought we’d see the day.
I’ve read rumours that Dana has submitted a field development plan for Platypus as well as being granted an extension to the licence.
Has anyone heard anything definitive?
It would fit with my theory that Dana and their sub contractors are busy with Tolmount at the moment.
Now we are under 35p again, I am a buyer.
Related party transactions are rarely in the interests of investors but this is well overdone in my opinion.
Equinor opting out of GBA was a bit of a blow but not a surprise, they have bigger fish to fry.
JOG are capable of getting the job done, I hope. Polecat and Marten would tie back there nicely!
Field development plan application and Environmental impact assessment report have been submitted.
First Gas Q4 2021.
Detailed design expected Q2 2020.
It looks like we are good to go.
Buy, Buy, Buy!
Plenty going on in the backroom here. Platypus reports suggest focus towards production on track. GPA still under intense review, no negatives reported. Parkmead the Company has had a comprehensive mauling . Tom Cross and associates a mauling. PI’s and II investors giving it a shredding. Carcass appears to be intact, nobody has said the cash pile has been squandered. Awaiting news. Hold steady the oil and gas prices!!
My gut feel is finance for GPA is agreed with a third party or parties. Subject to outcomes which are to be finalised .GL.