Member Info for Bishop190

I filtered him ages ago Jim ??

Was supposed to be :-) not ??

Sensible words I think Brig. Patience is a virtue ??

I would think so. These are strange times so I guess things may be delayed further. We have waited some time already so we must continue to be patient I think.

Thanks OB, yes showing as a sell!
Have a good weekend and let’s hope we get some positive vibes from JA next week.

OB, Per Envoi’s website they say that are working with Tower to find a partner for Thali. The release is not dated though.
I have just topped up at 0.00335, I thought I might have pay closer the 0.0035 so quite pleased with that.

.0029 is a great average OB, mine is about .0045.
Might get it down tomorrow though, my PMO is on a decent profit now so if things don’t change I will sell that tomorrow and have spare cash!

@asilad I think those of us who are longer term holders are happy to wait for what we hope is a good opportunity. The only issue I can see is the licence extension running out but I am confident that the Cameroon authorities will extend again if necessary due to Covid preventing work.
I would looking to add to my holding when I have some spare cash, though of course DYOR!

Lol, you and me both SK (lost 20 yrs somewhere)!

@Pippa-Peaches “ To switch to renewable energy for all 6 billion citizens on Earth will take at least another two, possibly three, generations. Oil and gas will be needed for at least that long.”

You are spot on with this, it is a mantra I repeat day after day to those lefty greenies who think I shouldn’t hold oil shares. With luck I will make money on them and that will help the next generation of my family, whether they like it or not!

It all sounds to be still on (delayed) track which is good.
In his report in the RNS JA says “OIL estimate of the NPV10 of their Best Estimate of Contingent Resources is $119 million, with an EMV10 of $91 million”
I am wondering if one of you savvy industry people would be able to explain that?!

AJ Bell quoting .0427p to buy.

One hopes he has the same drilling expert on board though, even if a different rig.

3p would be very nice!
I guess one could work out a rough value for Cameroon based on the data from the cash flow slides from last year on the TR website but you would have to make a number of assumptions, not least on forward oil price!
Everyone must of course come to his or her own conclusion, dyor as they say!

Well all very encouraging I think. I was particularly impressed in the presentations by the support being shown by the Namibian government. For me the share is a hold, others of course must DYOR!

Good summary Jim. I also noticed that nobody mentioned Exxon, is there a reason do you think.

Nb, your PS is noted :-)

@peristalsis disagreement is one thing, unsavoury abuse is quite another. I see incidentally that your original post has disappeared, perhaps wisely you deleted it.
You may “call people out” (how I hate that term) if you wish but please try to do it in a constructive way, abuse only turns people away from your view.
In fact I do my own research, I read what people post with interest and I take that into my account in the investment decisions I make. If I make the wrong decision then more fool me. Presently I will continue to hold these shares based on my research and opinion. I hope they may make me a small amount of money in the medium term, if they don’t well I will have had an interesting time but will not end up bankrupt.

Ah yes, I need to register for Friday’s :-)

It left out the word “unpleasant”

@peristalsis there is really no need to so gratuitously to a fellow member just because you take a different view.