Member Info for Bridges

All will become clear over the coming weeks. Just A waiting game for the expected outcome.

Warren Buffet buying up cheap oil and gas assets. Now what is this telling us.... This is a good indicator that the market is going to get hot and is getting off the bottom cycle. Warren Buffet is spending 10 billion into oil and gas assets.

Sam with the shares outstanding at the mo 100m MC is c. 12p ;)

The point is most will start to by when the share is over 2p .

Harry solg is an aim share. I bought most of my shares in between 2 and 4 p and sold at 28ish most and some later can’t remember exactly and the Share rose above 40p. Not bad for an Aim share. It is still in the 20s. I bought the house I am sitting in now from the proceeds. DYOR but don’t sell out too early either 2p Clon is cheap.

Sam 2p would only be a market cap if 15m, imho too cheap. Tano basin in a sweet spot for Ghanaian black gold albeit getting COVID flash crash out the way. Ratification will be the first step, followed by farmin discussions/announcements, then a deal announcement; followed by exploration and then production. Production now likely to be in the next peak of the oil boom bust cycle. Ghana gov need to stop delaying; everyday they delay could cost them millions per day production revenue in the long run. Not sure if they are aware about that when they are discussing whether we should dot the I and cross the t. Roll on John and co booking their flights with KLM to finalise discussions prior to ratification! Imho
Ratification should be at least 100m MC with discussions announcement on deal spiking much higher.

You could also use a trailing stop loss with a comfortable gap, if the share is on the charge up you will benefit from the explosion but not get caught on any major pull back.

Sam it’s always good to have an exit strategy and then stick to it.

By the Chairman of the Committee Report of the Committee on Mines and Energy on the 2020 Work Programme of the Ghana National Petroleum Corporation (GNPC). This was discussed last week in Parliament. Not got any details of what was discussed and have not sa through the proceedings / recordings. Any insights anyone.
PS you can now buy air France or klm flights from 20/7.

Welcome to Clontarf originalharrystamper

Closing deals ; )

Your welcome. IMO Tullow would be a good buy now as well; they are solvent and oil sp rising. Less risk now and am considering adding. None of this Is investment advice, it’s just what I am doing so please DYOR before parting with your cash. GLA

I have been long US and Brent Cude and still hold small position in both now as the market still looks bullish abliet the strong USD. As for stocks, some long term oil ones CNE, KOS, E, RRE. Form me I want exposure to Ghana so Clon does it for me rather than PET. I did hold PET but not any more.

Sam IMO you have to make your own decisions based on your own risk profile. I was buying my stake up in the 20s and as low as 18 when everyone was saying that the lights were going off and we had confu around daily deramping the company. Good strategy is buy when nobody else is and sell into the spikes (if you are trading). My strategy if different and will wait until the end game. I have recently added more here; at these prices, couldn’t resist :) plus I have made a pile of cash on oil. Is the Tano basin going anywhere? No. Big oil making way for smaller operators like eni, kosmos, tullow, springfield. There is a lingo way to go with oil yet; my guess at least another 25years. Virtually everything We posses has a connnectiin with the black stuff. As for charts on small caps / minnows imo they are meaningless due to lack of liquidity and your readers have should be focussed on the end game and the bod and not daily fluctuations in sp. cheap as chips at the mo GL

Very good point, they will want to capitalise as much as they can whilst oil is a valued commodity and producing in the next bull market. The gov needs to act urgently.

Sam we all have our different strategies but yours seems a good plan, risk / reward and make sure you take your profits when they arise ; ) Rise is good at calling these out :)

Sam imo at least 10 fold. My value on ratification given the amount of shares in issue now would be 12p and in the range of 12 to 23p or higher. MC 100 to 200 save for and depending on demand.

Hey Sam 2000% up on oil futures not difficult trading up from 20usd risk to reward ratio v good ; ) just have to exploit those massive dips and go long.

200-300MC on two ratified blocks on interest farm in and exploration
100M on initial ratification of 2 blocks

Hey Rise thanks for the mention, I am fully invested here and own 2% of the company 30% up at the mo but as you know I don't care about the short term when dealing with clon. I am here for long term and particularly interested in the Tano basin where the black gold is in plentiful supply. I have had a break from posting here as most of my time has been spent recently on the main market and oil futures. I still have a few positions open in the oil futures market looking to complete the gap and currently 2000% up. I don't like putting a value on a future share price as we don't know what is going to happen with shares in the future. As for market cap, I am looking for 200 to 300 M on a ratified block. Whether anyone agrees this is realistic right at this moment I doubt it but I am convinced that given the supply cuts and the postponement of projects next year we are at the bottom of a spawning oil bull market that could give rise to a significant increase in oil sp next year that could tie in nicely with farm in or BO. Given this probability I would still expect on ratification of 2 blocks a value of 100M and sp could spike to mid 20s. PIs have been given a good opportunity to buy here cheap, courtesy of the unfortunate global situation. GLA