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Wow I didn’t know connection with Dana. I used to spend a lot of time on Sirius board and we had a poster on there who always told us the story of Dana and how it had made him a fortune and Sirius would be the same - unfortunately he wasn’t right about that!
Excellent post M, the quality and stature of the Peters is born out with the quality of the assets. Not often you find both under the same roof.
We have two Peters that were co founders of Dana and sold for £1.87 Bln and Peter Hill the current CEO was Global Head of Corporate M&A for Statoil ASA ....a key team member of Statoil’s merger with Norsk Hydro Oil & Gas in 2006
Doesn't get much better ;-)
Technical work undertaken by Global in the last 18 months based on 2D seismic data suggests that the most interesting plays in the Licence are Cretaceous deepwater sandstones in structural or stratigraphic traps and carbonate platform build-ups on large horst blocks. Both reservoirs would be sourced either from the south and the Wingat source kitchen or locally, from syn-rift source rocks within deep rift grabens identified within the Licence.
GBP RNS Dec 2013
6 years later..
The presence of mature oil generative source rock below thick clean quartz rich sands is therefore proven in this basin. We will conclude by showing the evidence for an up-dip bypass zone for the non-deposition of sediment, and/or laterally continuous fault systems that will provide up-dip trapping.
1Geosceince Team, Spectrum Geo
Posted March26th 2019
http://www.searchanddiscovery.com/abstracts/html/2018/ice2018/abstracts/2994805.html
Our x Dana Directors know their oil and evidence that the Geoscience Team put out only last year shows just how good they are. No shouting with bells and whistles.. just quietly and patiently waiting, acquiring and dealing at the right moment for the right things and hence no cash raising for 15 years during the worlds most turbulent oil times. Our updip region high 3 way structural traps next to the regional closure (Ridge) below the regional seal are one of a very few left that I know of ticking all the boxes.
Set up for another attack on 1.7p here ?
Nai/DYOR
Mms filling up but not letting us buy ?
What’s offer currently ?
https://twitter.com/toptradersadvfn/status/1281156750054502400?s=21
Nai/DYOR
Combined BoD hold c.45% ;-)
Here is a new presentation from Recon, shows Total, Exxon and Shell drilling second half of 2020
https://reconafrica.com/wp-content/uploads/ReconAfrica-Investor-Presentation-070720.pdf
Fat fingers... 40%...
I don’t think he/she is a paid deramper, quite the opposite, someone who likes GBP’s prospects , likes the board (experienced Dana success and sale for 2 billion combined with owning well over 49% of this company and more than aligned with shareholders), survived the downturn, not raised cash since 2005, the interest noises being made about Namibia, regional seal, proven oil and so in.
He/she wants in but the price is wrong for his/her investment/trading rules.
I enjoy the banter with Geowiz :-)
I've noticed his / her postings are becoming more desperate now ASX shares have come across to AIM, some would describe such behaviour as disingenuous.
GLA.
Investor, you just stepped into his trap, continuing his narrative by using the same thread subject heading lol
Loving the noise and volatility..
Absolutely H, totally agree!!
News will be soon imho.
I am expecting some corporate action and many multiples of a £1.8m market cap.
Mms were bidding 1m at 0.8p just before they flew to 1.7p the other day so imagine the same again.
Nai/DYOR
is .82p for 750k now
They dropped the mid price to shake loose some stock it did work a bit. Question is at this time of the week, will there be news coming on Monday ???
Hi Jim
odd how they drop it, then require orders to buy?!
must be closing their shorts......
mid price dropped 10%, but online bid same as last night .82p for 375k, mm's still looking for stock