Member Info for ARahim

when drills commence and the black stuff shows up, 2.7 billion barrels estimate if only 1 billion is extractable god news where the price will be! when these events materialize 50 bagger is a modest estimate. Till then short term traders are just eating the ears of each other here.

https://www.reuters.com/business/energy/italy-expands-adriatic-drilling-rights-hike-gas-output-lower-price-2022-11-04/
will it benefit gbp?

this sp should be at most 5.5 as this is the minimum of yesterday trading and it will be the raising price if any. No need to push prices up.

A tiny change in manecor holding. Management must be upset with them to report their small moves to the market.

all the market are red. Pound sterling loosing wait. grass roots think Russia will start nuclear war. some are selling the idea of the coldest winter in ages. Some are buying as much gold as they can and exiting stock market which is causing this blood bath. My guess is that Russia will annex the four districts by conducting local referendum 'winner of course' and make it a fact that attacking them is the same as attacking Russia itself. Europe will suffer as expected and US will not.
This is the result of free trade policies and the world will not go back to one camp. Technology is out for grabs for many countries now.
GBP is likely to benefit form a farm in soon as we know oil is there.

mpd12, you don't have holdings here, all you have are negative posts. hopefully you will reduce them as well!!

because they don't need cash for ordinary tasks. They need a partner who has the cash and know how to carry work to production.
a farm in partner. As they said it took them longer to dig in the data available so far.

There will be no raise expected as GBP has enough cash for at least one year or more.
Just few stop loss traders kicking the can down the road. Volume is not there.
Traders keep out. It will only bounce when MMs make sure your are all out. Every time a new set of traders join in MMs would like to test them further. less then 0.3 % traded today. 1 to 2 % of shares being changed hands these few day. This gives MMs confidence to control prices down then create a new spike to sell. They are the masters now.
A farm in is almost certain given the location and available data. Give it time. It will come.

That is 1.5% shares changed hands. only small fish kicking in the glass. No serious investors are involved. ?p will come one day. with the total and shell size confirmed things will change. oil companies are very rich now after oil and gas high prices. They will like to add more reserves. Hold tight.

shares traded today < 1%. shares changed hands < 0.5 %. negligible for such share move.

The whole market is down due two main factors:
1) The money spent on supporting economy during the two years covid 19 is going to be wiped out from market by increasing price of borrowing. That is what the fed is doing trying to reduce inflation caused by non production expenditure.
2) a fear that china will not boom soon due to covid resurfacing.
All shares are having a bash, but it will reverse soon.
GBP still have the licence and it is a huge carrot.

30 March: GBP : we can extend the licence if 'necessary' 'No bid information yet'.
25 April: GBP: we extended the licence for another year.
given that extending licence may take two weeks GBP filed the licence application after the first week of the bidding process. why they did not wait for the bidding process to reach end. My guess is by the first week they are made aware a serious offer is on the table otherwise they could have waited for the 30 April or after to file for licence renewal.
The calm is a sign something is cooking.

you can see the size of trades?? every time they wish to make 20% up they make 10% down. just MMs making some money for sandwiches. This is 4 m mcap company with 2.8 barrels of oil in the ground. I guess Exxon Mobile is likely to make a bid here. It makes sense to start with a shallow dig to de-risk the deeper licences they hold. gbp extended the licence during the bid process for a reason!!

The deadline for receiving Farm out offers was end April. Before that GBP stated that they can extend licence if is 'necessary'. The licence need to be extended before September. At that time they judged the extension is not needed yet. GBP extended licence shortly after that. My guess is: something pushed them to extend licence and that could be the existing of a Farm out bid on the table that needed licence extension to formulate the offer and sign the bid.
This process may take some time to agree al details and file a request for the third party to sign it 'Gov'.
We are waiting for any news of the final bid signature announcement.

This is not a rise at all. It is just an expected adjustment as we move forward to farm in announcement. 4-5 weeks to ge. sp should move to 1.5p pre announcement45m-50m mcap is expected with a major partner. That is sp = 5-6p.
we are here just because we don't have enough information.
strong hold. The volume is still very low at this strong movement 10% most of it is repeat trades and sells and buys.
The real volume changed hands could be 2-3% only.

rare_groove last posts by stock:
gbp: old dog, useles stok
nnn: I have the luxury of a free ride
oex: Pump and dump stock, always.
krs: I sold now, I'll wait for the retrace. GLA.
nnn: communication here is hopeless.
pog: Shorters getting screwed, oh dear. Looks like another big day here.
He is just wasting other people time.

*****6364, The inside info has already being communicated today.
gbp in todays RNS say they can extend licence if necessary. This means they don't have to as it stands today.
and they said they need a third party which means the second party 'jv' is already there.
All what we need now is formal nomination of JV and application for Namibian gov to accept it.

jackie1, is not a ramper. You can check his history here.
https://www.lse.co.uk/profiles/jackie1/
rampers usually post daily not once or twice every week. I don't think he/she has the time for the crap.
Some posters here don't like him/her because it disturbs their trading patters. you can read their posts contents it speaks for itself.

securing a third party will come after announcing the chosen Jv partner, as the Namibian gov need to accept the new comer. It is mainly a procedure to keep gov in control of who is doing what in the territory. This is the second hint to a done deal.
I don't think Namibia has strong views against the east or the west. It is open for business.

definitely, The 'if necessary' means it will not be necessary, as talks about a deal are progressing and they have a choice already in the bag.