Member Info for BondSan

Short term target about 35-40p. Mid term about 60-65p

Bought some of these today.

Thanks but daily production I’m enquiring about in barrels oil equivalent per day.

*expressed

Hi what is the current net daily production to Prospex pressed in barrels of oil equivalent please ? ( boepd). I’m aware they have just under half a TCF in best estimate gas resources to be proved across all licenses but can’t seem to find a daily net production figure. I’m a bit lazy with Gas conversion calculations. Thx

Do SQZ get the Davaar West of Shetland Prospect too then ?

No not 99% now. Doubled my holding a few months ago at the extreme lows. I was on a flight the day of the large rise 2 weeks ago so couldn’t trade it.

Seems like a pretty good Rns . Placing doesn’t sting as much now that SP has strengthened from recent lows. Sends a message to the other interested parties that cash not an issue for time being & to hurry up with their proposals and that they should also be in excess of 15 million for minority stake . Here > 5 years and happy to wait another few weeks

Maybe Serica might be interested in returning also. All that work building a North Sea business only to have most of the profits effectively confiscated

Edge in

You used to post on Advfn quite some time ago ? Between around 2005 and 2015 ? Think I remember you from some of the E&P boards there ?

“I would say there is potential for a Major JV Partnership overlap between GBP and TRP Licenses. Possibly a A big company that’s not yet got any action in Namibia, staying clear of UK and observing the need and desire for O&G in this part of the world.”

Of the 5 best known Majors , BP are conspicuous in their absence from Namibia and Sth Africa . All the others are there . Exxon, Chevron, Shell, Total . Just postulation on my part but they do need to go hunting for large reserve replacements. All the others have replenished to a degree over the last few years

There’s no point in my view of a consolidation that results in a share price in low pennies after all the frustration of the last 5 years . It would need to be at a level that makes a nominal price of £1 seem achievable. Thus 20 30 or 40p as opposed to 2, 3 or 4pence . Implying the price still needs to double from here first

“who feels this share will consolidate and if so at what rate. i suspect we have some interesting weeks ahead. i wounder when this will actually be valued at what it is worth”

in my view , i think the share price would need to be a bit higher first …say for example it doubled from here and reached 0.03 before consolidating at 1 for 1000 - that would result in 30p , a market cap of 4.5 million with just under 18 million shares in issue . there might then be a significant fund raise with maybe a lock in period of 1 yr or 2 ? let’s say for arguments sake resulting in a mkt cap of 10 million with say 40 million shares in issue. the resulting very small free float with the new equity and the ceo holding maybe 60-65% together , might make a run to 1 pound realistic in due course .

alternatively a 1 for 100 would result in just under 180 million shares at current issue levels but a nominal share price of only 3p before any fund raise , which doesn’t appear as credible .

30p would be preferable to 3p

unless of course there’s great news on deals in the wings that might for arguments sake result in a multi bagger before any consolidation. let’s say sp further *****upled from here to 0.1p . implying a mkt cap of 15 million ( still relatively low imo ) before any further equity raise or dilution. then a 1 for 100 consolidation gives a share price of 10p and 178 million shares before any further equity raise

all speculation / conjecture on my part

Seems like v Solid Credentials and relevant. Hopefully this signifies that the long wait is nearly over and activity will ramp up from here . I seem to remember Mart resources having a similar project to Thali ( fast track from 0 to >5k Bopd ) . Although fast track hardly appropriate for this one last few years (:

https://mccarthydenning.com/team/stacey-kivel/

BP reserves 3.7 Billion barrels & daily production 1.42 Million Boepd

How long will those Reserves last at that rate and what do they have in the pipeline to replace them ? Anyone ?

A lot of discussion re. The VWAP of £1.40 on advfn

Interesting in that GKP raised a huge amount of money for development at a price of £1.40 in old money. I should know as I was up about 1500% on my 2009 buy ins at that stage .

Correction

‘Perhaps Tower are keeping this option in mind and if so, will be hopefully be near the top of the queue’

Interesting link to the African led Bank for Energy investments. And that the word funding crisis is mentioned in one link. Perhaps indeed Tower are keeping this option in mind and if so, will be near the top of the queue

Page 4 shows Thali license crammed full of leads . Nothing new other than they seem ok with putting figures on it . 600 million resource potential for 1 and a few hundred million for others. In addition to the shallower appraisal and exploration prospects.

I only invested a small amount of money in this back in 2018 /19 or so . It’s worth only beer money now. I had every reason to believe that Cameroon would be the stepping stone to cash flow. It looked like a low risk route to production to me …that was 4 yrs ago now though and although my paper loss is v small in the scheme of things I am very frustrated at the considerable time spent focusing on this one at the expense of other stocks and other things. . But that’s the market isn’t it .