Member Info for belisce6

As a holder in char, what unfavorable terms are you proposing that the company should enter in to ?
Based on your expectation.. and proposal.. why do you continue to hold ??

Based on previous official comments.. only 3d finals possibly out by that time..
In terms of why else would dw be in london.. well dont a lot of big oilers have some serious office over there? :-))
No need for cr at all.. for now..

Guzzler.. a generic action of looking at the chart and saying to oneself.. buy low sell high.. may help..
Comments not intended to take --ss out of you.. i am being serious :-))
Once i moved to this simple method.. potential catastrophes minimised and almost everything is in profit..
We are now in relatively good times.. not boom time.. but still good..
Loads of smallcaps around with low prices with bagger potential..
Real and good research plus looking at chart with a buy low mantra is key..

88e at current marketcap may not fall into that general description, but the current price level and future price action based on rollout of potential positive work results already from q4 of 2018 may give it that effect :-)))

Opulentia.
Based on your emotional outbursts.. which seem quite frequent.. it does seem that you have issues..

Maybe this aim casino isnt for you ?

If essar m are in such diabolical financial trouble (which kindda links in with them not agreeing to their portion of development costs, nor agreeing to be paid off for their 20% holding via future production), then one can see that they will try pulling some legal shifties.. where it gets them is another matter..
The agreement was to get up to 80mill finance in from shorecan as a loan to essar nigeria which holds opl226... they have spent own money directly on project so its not like the level covered so far is zero.. they got 30 to 50mill contingent bank loan.. almost have 100mill service contract signed.. strategy behind these two last items has been dutifully explained by art.. so essar m claims are a bit flimsy...
Who knows how itll go..

First agamore moved on..
Next? Perhaps essar m ?
If they close service contract or if its not signed by essar m then i reckon we all know who the nnpc will side with :-))
Particularly seeing that it appears that rosneft is not actually their mamma and pappa but instead its the previous outfit...

So if they are all success.. then on an intraday spike 100 to 150mill market cap.. at least.. lets say.. we expect 3d cpr to b great so i reckon 60p will happen.. but the rest is up to the black gold gods :-))
Ohhh.. almost forgot.. char is also drilling where eco turf hugs their turf..
Interesting times Mr Gil :-)))

I think great 3d cpr update gives the sp another 20p from here.. ie 60p level..
But if tlw namibia drill success then thatd add 30 to 60p short term (ie additional 50 to 100mill marketcap) due to amount of nearby turf and prispects that eco holds over there...

Hmm
Not sure bout sp.. think itll slowly break previous high.. maybe not today.. but 3d results will do the trick.. would think bout 60p at least on a spike or 100mill market cap to be hit.. then obviously the retraces that happen etc...
Gets more interesting if in meantime tlw etal have success in namibia..
Possibly their news comes out via pancon pcl on asx reporting on targets hit or not, seeing that bulk of drilling is in sept.. and 3d cpr from eco completed in early sept...
Hmmm...

Management and employees are management and employees..
They have zero obligation to want to or have to invest in the company they work for..
Do you invest in your company which is managed owned and directed by someone else ? That is if you are in such a situation..
We are the punters.. we are the sp risk takers.. nothing more to it..
Your comments are emotional and not really that valid

Workover.. thankyou for your response..
I believe that all posters can now definitely ascertain the validity of your and others historical trivia rants :-)))

Thank you very much :-)))

Workover.. you havent answered my question..
What was oil price levels during bp deal ??
And what was it during lazzas deals ?? Please provide the context of tge overall oil price environment so that all posters are then able to ascertain whether the constant historians on here are just talking gobbleydook... or not...

But whats the point of that cos as insiders if they trade their stock itll have to be announced.. so they can really only buy if they gonna hold longterm.. not buy at .335 then sell at 1p or 2p etc.. they gonna have to hold for much longer.. cashflows are the main thing.. aint like they are thinking in general bout making sure they have spare cash to throw in every yr...

All is ok as it is...
Slowly but surely..
Maintain the 12p.. push thru 13p once r1r2 confirmed..
Then get up double to triple once mengo confirmed..
Patience required :-)

Was thinking before a new minimum of 1.5bill from current circa 1bill prospective oil.. but i think that itll probably end up being in gross 2 to 2.5bill prospective range over the entire acreage..

Waiting impatiently for 3d figures :-)))

The sp loves it :-))))

Itsyou.. thanks very much for your efforts :-)))

I think on r1r2 success announcement.. maybe 13p gets cracked.. how much higher who knows?? Probably not too much..
And once mengo comes in then from mid20s to into 30s or so.. but possibly up to 50p or so considering full field will bring net couple or few thousand bopd for maybe 3mill per drill etcetc.
Just my guess...
I initially had a stake with intention to hold till end.. willing to lose the lot if all failed.. but then doubled up and now another quarter up in stake.
So i can take out initial on a double if i feel like it and leave similar amount in for djeno..
Its well worth leaving a good amount for djeno.. cos that opens up another world...

Hmm. I see it more like char playing hardball.. because they been shafted b4.. and now they want top dollar or highest possible.. they covered themselves for farmout really really well... farminee just has to say yes we will pay such price and then transfer the money.. a few days required for that at maximum..

Yeah.. so am i.. after proactive video i upped my stake by 25%..
Cant do anymore cos there is always potential operational risk of fkup involved :-((
Am confident though.. thats why i am in :-))

There is still absolutely no rush for farmout.. cos it requires just contract signoff and transfer the funds over :-)
It can even be completed during spud or during initial phase of drilling before entering into targetted horizons...
Nervous nellies just make themselves more nervous, when digging up trivial historical events...