Member Info for blissful

There are just so many positives here, nothing is 100%, but what is?
From CH 30th Sept:
'"The next few months will continue to see a flurry of corporate and operational activity as we target production from the Paradox project, increase non-operated production and accumulate cash flows from our assets in the Williston Basin.

"These are exciting times, and we look forward to keeping all our stakeholders updated on our progress."

Unbelievable! In my opinion this is a gem and I am up over 100% on my original investment. I have been adding a few here and there, another 50k this morning in fact. The reason I am here is that I believe this will do fantastically well in the long term. If this well comes in as we all hope, we will be off to the races with a re-rate. IMHO only of course. But let's not forget there are other strings to the bow that are producing an income.
Here's one bullseye: '... net to Zephyr, 509 barrels of oil equivalent per day ("boepd") during August 2021.'
And another: '...Four of the wells (out of 7) continue to be brought into full production, with oil production still rising, water cuts reducing and stable gas oil ratios.'
Another! '... New Acquisitions : Zephyr is also pleased to announce the completion of two additional non-operated portfolio acquisitions in the Williston Basin.

o The first acquisition purchased 72.5 net acres, resulting in an average 5.6% working interest ("WI") in four drilled but uncompleted ("DUC") wells operated by Prima Exploration Inc. ("Prima") which target production from the Middle Bakken reservoir in Richland County, Montana, U.S.

o The second acquisition purchased an average 3.1% WI in 11 wells (one currently being drilled and 10 DUC wells) operated by Whiting Petroleum Corporation ("Whiting"), all of which target the Middle Bakken reservoir in Mountrail County, North Dakota, U.S.

o All newly acquired wells are estimated by Zephyr to have rapid paybacks (within two years), high internal rates of return and a combined total 2P estimated ultimate recoveries (EURs) net to Zephyr, of 194,000 barrels of oil equivalent ("boe").'

From CH: '... We will end 2021 having significantly exceeded my expectations. We have now closed five separate acquisitions this year - and these deals created a balanced asset base of interests in 22 producing or near-term production wells, provided exposure to additional non-operated drilling expected in 2022, added significant new operated acreage in the Paradox Basin, and tie together nicely with the State 16-2LN-CC well which is lined up for near-term completion and production testing. '

Monday! Great start to the week yet no comments. Things could really start to change as completion may begin any day.

Good to see they actually have some gold now and not just something to generate future income at a indeterminate date.

It's not always possible to differentiate between buys and sells but there do appear to be raft loads of buys coming in compared to sells, approx 3:1.

Clear as daylight. My opinion is that this will fly if fulfil these promises, no, not a ramp.


Caracal Gold plc | LSE:GCAT | #GCAT
@CaracalGoldplc
In line with our East African growth strategy as well as major expansions and activities in Kenya we are also progressing discussions on several other gold mining and development projects in the region.

Further details will be disclosed as these are advanced.

#CaracalGold #GCAT

LeddachJack. I sold of GGP at about 9p after buying at around 3p and could have kicked myself almost straight away as these stocks are few and far between. I wish I had the willpower to ignore this one for another year and just let the shares ride the sp. But then the story is so good I will add on any dips as I am expecting some funds in the near future!

I was in GGP for it's fantastic rise but I think this one will be even better. Well worth watching the video.

You can only buy small amounts online or send to a dealer.

There's an article in Shares magazine, it's on the company website.

https://caracalgold.com/wp-content/uploads/2021/09/Spotlight-300921-1.pdf

Switch from HL, they appear to be useless, or, can't you leave it with a dealer?

He sounds very confident regarding Paradox.

Not all recoverable though.

Anything else added to the well site since yesterday Adon30? Where do you get your images from?

It seems that a lot of people are jumping ship and selling, each to their own I suppose.

I am amazed at all the sells coming in once it had moved up a bit! Impatient or our seller in disguise?

Can someone please help me out with this maths as my calculator says 20,000 barrels a day at $50 a barrel is worth $1m a day or $365m (£267m)a year. The current mkt cap is £34m. That's about an 8 bagger for one year's worth of oil.
And, 20,0000 X 365 is only 7300000 barrels and there are about 4 times that amount of oil, hopefully. So, are we seriously talking about a 32 bagger from here - that is over £1 a share?
Or, has my calculator or my brain developed a fault and I have this completely wrong?

I am constantly amazed that so few people seem to know about Advance. I suppose some are waiting for the last minute rush but they will be paying a premium if they don't get in soon. Nothing is cast in stone but this one is not far off.

It will start to get noticed once it starts to move and people do some research and have digested Malcy's take on it - I love this sentence of his '... looking at the numbers for Buffalo I find it difficult to think of it as anything less than a very real chance of making proper money. '
Well, I for one wouldn't want to be out over the weekend!

I seem to remember he said that by the end of the year things will have changed dramatically, or words to that effect. All appears to be on schedule for that.