Member Info for BondSan

Modest share purchases. The CFO purchase is hardly inspiring at these prices. better than nothing but a 1 or 2 extra zeros would be better

Energulf Resources held this block 10 yrs ago. There are conflicting reports online as to whether the Kunene 1 well was a discovery or not. It was designated tighthole status. Oil was present apparently if one believes the Historic web articles but not in commercial quantities in this well. The Russian company who were operator , tested for gas in 1 zone .

Never mind , believe what you want

I've no reason to manipulate anything. I have plenty of experience of being shafted on uk shares to date. I'm trying to find a reason for the drop in the last few weeks at an inflection point when the shares should be performing better. I can deal with buying a bit high at 11p but 5.5p is taking the p. Check my post history.

*priced

"Sorry, that’s not going to happen"

They might as well raise at this pathetic price if they can . No agenda. I'm 50% down (on an admittedly small shareholding. ) Used to hold these in 2015. Following since IPO. Wtf going on here. 2 fields given up on and Lancaster production having no effect on SP. Halifax proced at nothing . Same surface area as Clair field. Pull the other one.

They might go for something like a 50 million raise to add to expected surplus cash to really strengthen their options ? Get it all out of the way kinda of a thing ?

Im 50% down on what looked like a fairly safe buy a few months ago

Maybe a fundraising rights issue coming and someone got wind of it. And maybe a 1 for 10 Consolidation coming too. 1.9 billion shares at moment

*Market seems to be pricing in the removal of cash from balance sheet due to the last Bond payment without pricing in the tax losses, any value for Halifax or for existing taper off production.

I guess I got my entry point wrong at 11p. Market seems to be pricing in the removal of the last Bond payment without pricing in the tax losses, any value for Halifax or for existing taper off production. Priced not far above End July/ August cash levels. Someone mentioned 6p a few weeks ago & looks like they called it right.

I know how to pick them. What kind of oil producer drops heavily when oil prices are at 15 Yr highs. This is dire stuff.

*Reinvesting in Nth Sea

"Re. Windfall tax, there's no rule that says Hurricane are obliged to invest only in Nth Sea "

"There is - it will be ring fenced"

Incentivised to keep reinventing in Nth Sea which they will probably do ....but its not Mandatory. Enquest rumoured to be seeking new overseas opportunities. If Hur have 75 million cash and building post July , they might take a view that a Microcap with some frontier international acreage with Billion + Prospectivity might be worth snapping up or taking a stake in.

Re. Windfall tax, there's no rule that says Hurricane are obliged to invest only in Nth Sea ? If for example they can't source a good value way of re investing further in Nth Sea then why not look overseas? Anyway I expect the Halifax story is still in its early days

There's 3 or 4 Nth Sea juniors that might make good merger candidates. Prob too expensive to buy producing assets in current climate. Or they could diversify and buy a tiddler with big exploration upside overseas. Or they could be a t/o tgt themselves . And people here seem to be forgetting they still have Halifax . Lots of options

New website shows a lot of leads & prospects on their Namibia block . Not just about Welwetchia

Yeah I remember that. They had fallen to around 5p in 2009 ?

Assuming the Bonds will now be cleared without any hiccups , a quarterly Dividend would be a nice way to repay Shareholders who were nearly wiped at 1p. I wasn't in this at the time but believe me I know how it feels ( Afren )
Or even a monthly Divi with option to have it auto reinvested to avoid dealing costs .

Some activity at Bowlevens neighbouring Etinde license after long hiatus. Maybe indicative of some movement in Cameroon at last

Merger with Tullow. Had thought they might bid for Pharos being in Egypt and Israel. Probably good for Pharos all the same to have a bigger entity as a partner .