Member Info for 1msn

Lets not forget they own 30 %... agreement has to be reached with the other % of shareholders and everyone is under water.. so no-one is giving it away.

Not sure they look like they are shipping in a few more...

it will be interesting to see if there is any follow through tomorrow, with only 3m shares left for COC to buy, you would have thought the MM and hedges would squeeze them, but.. maybe the stronger powers of suppressing the price will prevail.. got to Love BLVN.

Thing is we all knew this was coming and the week sellers just gave their shares away to COC and the two other hedge funds..Base value at 56p.. between them they have bought nearly 40 % of the company for maybe 30.. they say money makes money and they are going to make a lot with BLVN.

And they keep buying

It would be nice to see a move into the mid to late 30�s

https://www.reuters.com/article/us-lng-cameroon/start-of-golars-floating-lng-in-cameroon-may-draw-more-africa-clients-idUSKCN1GO139

Strange..but we are where we are..

Etinde (former Block 7) has been extensively explored and 15 exploration and appraisal wells have been drilled since 1967, of which 13 discovered hydrocarbons. Four separate reservoirs are proven producers: Biafra, Upper Isongo, Intra-Isongo and Middle Isongo. Although the Intra-Isongo sands have only been drilled by one penetration, this zone contains thick, high quality sands, which extend across the block. Delineating and extending this important discovery will be a key objective of the future work plan. Our project is at the appraisal/development phase to optimize development of the Etinde Field and options to monetize gas resources. Full development of the Etinde Field will deliver a world-class production asset exporting gas, oil and condensate whilst ensuring gas supply for domestic projects and initiating a FLNG project.

I respect your views and understand the risks involved, however you are forgetting 20p is cash in bank, 25 USD at FID and 40 USD appraisal Well drilling carry, and lets not forgot 25 % of Etinde.. so risk reward for an aim share is ok for my risk parameter, but I understand if its to much for you. I will be surprised thou if we make drilling.. Why would Lukoil and Newage want a shell company with them on this venture, it makes no sense..

I think you should spend sometime updating yourself on NewAge and Lukoil All you questions will be answered . Good luck.

If you looked at all the Luck oil reports over the last 2 years the project was shelved while the price of oil was at historic lows and until a viable solution ( FLNG ) was proven in Cameroon.. We have a timetable now and lets see how this plays out.

We have been in a oil downturn for the last 4 years... the ship seems to be moving now.. lets see how the drill times go.

Shows progress which the country desperately needs... and managing to complete a project on time and budget.. Lukoil and Newage are in contro,l we have to sit it out and wait, with these companies running the show we will be on time and budget..

http://interfaxenergy.com/gasdaily/article/29817/cameroon-flng-on-brink-of-starting-up

http://interfaxenergy.com/gasdaily/article/29693/lukoil-sets-sights-on-cameroon

https://www.agenceecofin.com/gaz-naturel/0103-54831-cameroun-le-projet-de-liquefaction-de-gaz-naturel-cameroon-flng-sera-operationnel-a-partir-de-ce-mois-de-mars

I think its to do with the FLNG scheme going in a matter of days...

I see the development plan has been changed on the New age web site.. Seem FID will happen this year..http://www.newafricanglobalenergy.com/media/1388/etinde-dev-plan.png

https://www.youtube.com/watch?v=53HQsj6YoDE