Member Info for abzzba

personally i think the market is waiting for the elusive increased production and once we start getting regular increased production updates this will turn around.
Been too many false starts and promises not met, lets hope the million (700k net echo) is used to get these interventions producing.

The venture into renewable energy projects may help appease the locals and smooth the path of the LP.

Take a quick look at the buys vs sells, that tells you this share is being held down.
No need to worry "assuming" your willing to wait, once we "finally" start increasing production its upward all the way.

extra £1 million capital given in advance, hopefully to be spent on increasing production, these 30 well interventions long overdue

Good news RNS, hold in there guys, our time will come, another million dollars added to working capital.

who knows how high this might go,

Do wonder if we might expect an RNS with some good news regards production, certainly todays rise is out of sync with the recent sp trend, lets see what tomorrow holds.

mcfcnige, i would agree its being intentionally driven down, no idea why but the fact is it will be let go, maybe take sometime but let go it will be, its a waiting game which is why i say 2024 will be our year, as always this is just my thoughts, no doubt others think different.
Facts remain the same, we have massive acreage with huge potential so by my way of thinking its just a waiting game. As for todays share price its enabled me to average way down, i see that as a bonus.
Yes i could be wrong and ifso i stand to lose a good chunk of money, the game is on !!!.

now now Gladys, who has upset you ?.

PS, not my problem, i invest my way based on what i believe, i am happy to have bought "many" shares in the last couple of weeks, if other cannot afford to buy its not my problem, if others are scared to invest more its not my problem, as for MATD.L i would suggest those that have spare cash take a look, do your own research before venturing into share dealing as share prices can go down as well as go up, its a risky game.
Heyho.

big projects take time

malkis, would love to help out financially but all my spare "investment" capital is tied up in MATD.L, sure you know the old saying about eggs and baskets.

Keep the faith, dig deep and average down BIGTIME !!!!!!!!!!!!!!!!!!

Do love PTans optimism (x20 MULTIBAGGER), that said who knows, i would be very very happy with 15p which i think is quite doable with the right news, that said, would i sell at 15p, maybe not, if it makes 15p it would be a case for re-assessment at that time.

ranger, i assume that means you dont know, might be an idea to stop posting details you cannot back up with fact, not that that has ever stopped you before.

ranger, you keep going on about the 3 compressors we bought, we have 5 fields, Chorrillos, Campo Bremen, Oceano, Moy Aike & Palermo Aike, can you tell us all which compressors keep breaking down ?, if not how do you know its any of the 3 that we bought, could it be the compressors from 2 of the fields where we did not replace the compressors.
Despite numerous problems in December the Interoil figures were only 26 boepd down on the November production figures, the decline was gas production as the oil / liquids production increased by 13 bopd.
Agreed we can do better, indeed we can and will do a lot better, working capital has been our issu, the debt for share deal will help rectify that, not immediatley but soon, at the current sp i would say its a no brainer to buy in, ranger obviously disagrees as he says "Do not get sucked into this dung show".

The real problem is these are not our workers, they work for Selva Maria Oil and Gas who are the field operator, would like to know what ever happened to Interoils application to take over as the operator of Santa Cruz, they made the application back in 2020.

Link to report.

https://www.interoil.no/?page_id=13&year=2023&PressReleaseID=2912546

sp above stated as 0.1025p, if we get back to 0.5p it would certainly peak my interest and make me wonder.
Would also be a very healthy profit for those that bought at these bargain basement winter sale prices.

Below link is what brought me here in the first place, always a long term punt that is looking more and more likely to pay off.

https://www.fool.co.uk/2018/01/06/zanaga-iron-ore-co-ltd-could-be-a-millionaire-maker-in-2018/

We should get Interoil (our junior partner) production figures for December anyday now, hoping to see a big increase for December, especially on the liquids figures as this should include the production from the three wells mentioned in the 6th December RNS.