Member Info for BlueGlow

Hey kenny,

Lols, what did he expect.

Tro,

I always try to ensure i want a few more than i hold. That way if the price drops it's a buying opportunity rather than panic stations, lol.

Can't buy the dip if you dont sell the tip.

Hopefully ive caught the bottom, whatever transpires.

Tro,

Yeah. That's the thing, if you know a stock well, big advantage.

It's not without risk though, there's a dispute with a former employee, a temporary suspension wouldn't be a shock whilst its resolved - but unlikely.

Tro,

Lols, yeah 50/50 :)

It's only a rumour at this stage, but think it should highlight to holders that the SP had become oversold at 2p.

Tro,

Afriquia Gaz Mcap £1.23 billion

Revenue £660 million.

Net income £59 million.

CEO is near retirement age and holds a lot of shares, might be tempting for him.

Tro,

Bought a load just under 2p about an hour ago.

News that Afriquia Gaz have offered the to buy their Moroccan assets in total.

Mcap was around 12 ish million when that news landed.

One has to assume any such offer would cover the Mcap - hence bought a load.

At the very least should put a floor in at 2p ish imo.

“No question, now, what had happened to the faces of the pigs. The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.”

"The US can veto sales of Ukraine’s resources to other countries, which might mean banning rare earth sales to China but might also restrict sales to Europe.

Prof Riley said: “It is not compatible with EU membership, and perhaps that is part of the purpose. I have to wonder whether the real intention might not be to force Zelensky to reject it.”

The US pays in no investment capital, deeming its contribution to be past military aid. No security guarantee is offered."

"Donald Trump is holding a gun to the head of Volodymyr Zelensky, demanding huge reparations payments and laying claim to half of Ukraine’s oil, gas, and hydrocarbon resources as well as almost all its metals and much of its infrastructure.

The latest version of his “minerals deal”, obtained by The Telegraph, is unprecedented in the history of modern diplomacy and state relations.

“It is an expropriation document,” said Alan Riley, an expert on energy law at the Atlantic Council. “There are no guarantees, no defence clauses, the US puts up nothing.

“The Americans can walk away, the Ukrainians can’t. I’ve never seen anything like it before.”

The text leaves little doubt that Mr Trump’s chief objective is to incorporate Ukraine as a province of America’s oil, gas and resource industries.

It dovetails with parallel talks between the US and Russia for a comprehensive energy partnership, including plans to restore West Siberian gas flows to Europe in large volumes, with US companies and Trump-aligned financiers gaining a major stake in the business.

The revived gas trade would flow through Ukraine’s network, and later via the Baltic as the sabotaged Nord Stream pipelines are brought back on stream.

The new draft states that the United States-Ukraine Reconstruction Investment Fund will control Ukraine’s “critical minerals or other minerals, oil, natural gas (including liquified [sic] natural gas), fuels or other hydrocarbons and other extractable materials”.

All critical materials listed in the US Energy Act are covered, including both rare earths and 50 other minerals such as lithium, titanium, cobalt, aluminium and zinc.

The US will control infrastructure linked to natural resources “including, but not limited to, roads, rail, pipelines and other transportation assets; ports, terminals and other logistics facilities and refineries, processing facilities, natural gas liquefaction and/or regasification facilities and similar assets”.

Three of the five board members on the new fund will be chosen by the US. It will have “A” shares and golden shares. America will receive all the royalties until Ukraine has paid off at least $100bn of war debt to the US, with 4pc interest added – less than the $350bn floated earlier by Mr Trump but still half of Ukraine’s GDP, and unpayable.

Ukraine has only “B’ shares and will receive 50pc of the royalties only once its arrears are paid off.

The fund is registered in Delaware but under New York jurisdiction. The US has the first right of refusal on all projects. It has authority to examine the books and accounts of any Ukrainian ministry or agency whenever it wants during working hours."

Paul hasn't informed the market of a major oil discovery for "religious" reasons.

Paul is manipulating the market to allow "friends and relatives" to acquire cheap shares.

Paul is simultaneously selling his own shares to "The Moroccans".

"The plunge in SP has nothing to do with an RNS".

Separately, Lonny is also manipulating the market to acquire cheap shares.

Having just received an interview with forward plan - you "expect a forward plan very soon"

How do you guys even have any money?

Hi highlandmatt,

Not sure, he was on about swabbing until fairly recently - that i do know.

Also spent a long time insisting testing wasn't necessary after MOU1 was drilled, before conceding to market pressure.

There was such excitement after 3, and then 4 were drilled. We had 10 million in the bank and were all set to become rich, lol.

I wonder what Graham thinks about everything?

Hi Howarda,

Important to remember we only have an indication that the gas is there, strong indication, but no guarantee.

Take a look at the "Guercif Resource Estimations" and "Prospect and Play Risks", page 40 onwards:

https://wp-predatoroilandgas-2024.s3.eu-west-2.amazonaws.com/media/2024/09/Guercif_-ITR_20240124.pdf

Short answer is i dont know.

Paul seemed set on swabbing, acidisation, nitrogen lift, fairy liquid, which would all be more cost-effective, and circumvent the need to redrill.

If for whatever reason he doesn't have faith in these techniques any longer, something like sidetrack or step-out would be the next best bet.

Perhaps he has doubts about the ability to drill locally without causing insurmountable issues with the formation - the wells were drilled overbalanced forcing mud into any fracturing, underbalanced the formation pressure is too high and you get a blowout or swelling and well bore collapse, so it's a balancing act, lol. Yes, he has mentioned using a different mud-system to mitigate previously.

Hi Howarda,

Yes, sidetrack or step-out drill. Low cost, high CoS.

Hi Ibiza28,

Always enjoy reading your posts. Wise to listen to everyone as you say, but none too much.

Imo, the opportunity for a safety first approach has already been extinguished.

I advocated for an extensive testing programme rather than a boom or bust drill for that very reason.

So that whatever the result of MOU5, we established cash flow from Morocco to underpin the SP.

If Trin is the home run Paul claims, it can look after itself.

Holders in at 10p+ would like a return on their investment - they invested in Morocco.

Hi Ibiza28,

Message for you earlier, dont know if you saw as you were obviously writing your own message at the time.

Typo, should "be" of the upmost

Hi Nickotine,

Jimmy23 is one of the better posters on LSE imo.

His message is not subterfuge.

Reluctance to test any horizon other than the shallow sands at 3 should of the upmost concern for all shareholders now that MOU5 has been drilled.

Imo, the company needs to return to MOU 1-4. Reentry of 2, redrill 3 if necessary with the correct drilling fluids - test and begin to reap some benefit for the toil in Morocco. The Mcap relative to Trinidad remains a mismatch and the Jurassic may be years away.

Testing has the potential to significantly improve the terms of any farm-out. In 4 the M1 sands, 50m - likely gas bearing, and the Moulouya Fan plus Jurassic. This represents a wise use of shareholders cash with multiple opportunities for a much-needed positive development.

As regards MOU3, the shallow sands are the least exciting card in the deck.

50.5m of the Moulouya Fan, with elevated gas reading, over an area of at least 30km². MA and TGB sands, with formation gas shows, around 58km². This is what set the SP on the road to 20p and needs testing pronto.

If Paul considers the formation damage too severe, the well should be redrilled, high CoS, low cost, and with huge upside - particularly from these levels.

Messing about in Trinidad isn't what the majority invested for.

Hi Ibiza28,

Hope you are doing ok and not too fed up with the SP here.

Read your post from yesterday evening.

Would urge extreme caution with the various conspiracy theories that Keith and others continue to promote, no matter how seductive they may sound.

Despite what they claim, gaps in information released to shareholders are not usually positives. Better to work with the available information as a base case, with the possibility of a surprise to the upside.

That isn't to say people shouldn't speculate, but many of these characters are serial failed investors, adept at story telling and little else.

Suggest people hide behind the sofa, switch the TV off at the plug, and hum something patriotic until its over.