Member Info for BondSan

Spread was a bit offputting last few weeks . hopefully 1/4 of a penny from here on. plenty trades showing each day

getting annoying now. thought the new director with the connections to the Saudi billionaire might have brought some farm in interest TRP s way by now

Kurdish 'Oil Giant'...

a few other headlines last few weeks...

'French Oil Giant Total rebrands as Total Energies'

'Climate Activists target US Oil Giant Chevron'

'Oil Giant Shell secures investor backing.. '

Afentra looking to do deals for 10s of thousands bopd in Africa. have the cash and the board to raise more. good fit for Thali ? 8 to 16k bopd potential was mentioned .

Any likelyhood of reverse share consolidation ? I know Pmo was used as the vehicle to reverse into but at 4Bn mkt cap + another few Bn debt for the stock to move 1 p to 20p thats a 200 million pound change in mkt cap. I cant square the circle. Enterprise value of 6 odd billion....how much further growth is possible with this unless they ultimately plan to be a Major ? or a T/O target.

that was a response to Geowhiz post 5 below

Cameroon has always been a distraction IMO. Too small and majors have had a look and left . They are hardly likely to be enticed back in today’s cynical world by third rate technical teams from AimWhere are you getting this notion that TRP are looking for a major to Jv on Thali ? Majors relinquished it many years ago in a different economic environment. I read it as a 0 to 4 or 8000 boepd project where the 2 likely partners will produce the hell out of it for 3 to 5 yrs and use the cashflow as a stepping stone. like Afren did starting out or Mart resources. I view it as a waiting game for TRP . straight to 4k boepd could be v.nice timing if oil is headed for 80 to 100$

Rns states farm out Bids for El Fayum not whole company ? what am I missing?

"And I stated that one of the benefits of returning capital via a buyback rather than a dividend is the weight the buyback can temporarily place on the bid, removing weak holders (quite arguably a good thing for GKP)"

who are these 'weak holders' you refer to ? Define weak holder in a GKP context...

"No major is going to be interested in the 10-20 mmbo range of contingent resources offshore that’s just tiny."

of course not. The license used to be Perenco and Total before that. But the numbers should stack up for smaller players. it's 20 30 mill barrels for the Nnonji appraisal , but another 100 mill+ on the license to go after that. and deeper prospectivity.

Dissapointing SP yes.

Anyone want to run the numbers for likely Mkt cap if Trp manage to go from 0 to 4000 boepd net ? (50%of 8000 boepd suggested previously) For Oil price scenario at 50, 60, 70, 80, 90 and 100$ barrel.

didnt realise there was a consolidation here 5 yrs ago. in this for 2 years or so . did have it on my radar back around 2009 2010 when it multibagged on Namibian CPR

re. Consolidations - i have much negative experience of them. GKP SEY PVR . Im absolutely not suggesting a 1 for 100. 1 for 10 or 1 for 5 maybe . take your point though. but anything over 1.5 Bn shares is too much.

Trin looking good for a sustained uptrend in next yr or 2. Cairn will be throwing off a lot of cash at 50k bopd. and theres the India award too. Cashed up and ready to invest some in Trin projects hopefully

Dont forget Monte Grosso. 23% stake in 250 mill barrel ENI project. supposedly one of the biggest undrilled onshore fields in Europe. Almost 50 million barrels resource potential.

concur with this. whether at 0.7p or 0.35p getting a few hundred thousand shares took a while. strange with 1.5 Billion odd shares in issue. Also the share camt seem to hold momentum even though it moves fast. every rise is being sold into. I wonder should they do a consolidation 1 for 10 would bring it back to 150 mill shares and might allow for a proper move on good news. A 3 or 4 pence per share stock at current levels looks better with a mid term target of 15 or 20p

12k boepd but not reacting to increase in oil price?

sorry that should read *cumulative upside potential of around 150-200 hundred million bblsthey mention the deep prospects also

Envoi Cameroon page relating to TRP farmout is very interesting and quite bullish imho. cumulative upside total of several hundred milloon bbls. much nearer term than Sth Africa or Namibia imo. A path to production starting with a relatively low risk appraisal well .

You have a real talent for Gaslighting