Member Info for Bridges

Travelling and using the mobile but just looked through the recent trades on LSE. Where has all the data gone from before the 10 dec? Strange

I wouldn’t listen to a word Confu says, it’s all hear say unsubstantiated defamatory remarks. The fact of the matter is the artical you linked is correct and ratification of the SIGNED PA is with parliament due for ratification. As with Exxon this could happen in one or two days.

Tullow is not linked to clon so will have no effect, the reverse as Ghana will be looking for alternative operators. Unfortunately for Tullow though it could advantage Clon

Kosmos are looking for more plus Big Oil DYOR

It’s not in my control

I agree it’s in their interest to progress quickly, just frustrating having to wait but that it the way it is.

Agree that they move slowly nothing we can do about it just need patience. NB the Ghana Government have an aggressive exploration plan and budget, it is not in their interest to delay. IMHO Expect ratification any day.

Nothing has changed apart the Erin 21 day notification period being elapsed that clears the way forward for clon ratification of their block/blocks. There is no RNS for price change because clon is hugely undervalued. No news is very good news, just waiting for ratification that is in the Ghanaian Parliamentary hands.

Disagree mate the facts are out there and if you do just a bit of research then you will find that clon has legal right to a huge block in the Tano Basin, Tano 2a. What is required is patience but if you want to sell go ahead your choice. I certainly wouldn’t be betting against clon at this point in time. Ratification could happen any day and sp will be subject to huge re-rate.

Nothing has changed here at all apart from the fact that we are one day closer to ratification. It has taken me a few years to build a significant position here and given clon potential, on ratification we will be sitting on a billion barrel reserve, at least. If you are worried about news on ratification and when it will be, it could happen in one day and that could be any day in the near future. Ghana oil and gas production is set to double over the next four years to 400K bpd and clon should be part of that in some form. I keep saying this but look at the potential reserves. PMO has 600MMBLS in reserves producing 80K bpd; MC around 680M. Clon sp if it equaled PMO with the shares outstanding today would be 90p. Before they jump in, I am not saying that on ratification the sp will be 90p but just to give an idea of how undervalued clon is on ratification. We are at 0.9p today now that puts things into perspective. The guys that are saying it will go lower want in lower as they know that this will rebound quickly. On ratification or news of it, nobody will have the chance to Buy and clon sp will re-rate. Big Oil is interested in tano basin and with a ratified agreement there will be a farm in.

Hey Tiburn good to hear from you, good post. I agree that the ratification is close when who knows. It will do through quickly like the Exxon ratification.

Sorry about the sp Tullow!!!!!

The well known problems Thullow have is they have forecast their production rates too high. Why? This is because of their 4 billion stock plie of debt, similar situation to McDermott … badly managed company that has taken on too much debt., hence the rapid departure today of Thullow CEO and head of exploration and reflection in the sp. Thullow want to be taken over but who wants that debt. In any case 70K to 80K bopd instead of 90K to 100K is still not to be sniffed at but imho Thullow have debt issues that cannot be sustained and forecast too high. Maybe whuy the insolvency Bills are getting rushed through parliament. I will have to read these more carefully to look for step in rights etc…
Ghana will want to diversify and increase the operators quickly and have already stated their aggressive proramme of works is paramount. This will benefit Clon. I expect ratification could come this week.

On the rise that means value of clon assets will rise! All my other oil stocks going north nicely :) good weekend all

Correction sorry it’s not just Fridays, urgent matters can be rushed through any day.
Can’t correct typo.

Friday is the day that Bills, Papers and Reports are presented to the House. Those of urgent nature may be taken through the various stages in one day in accordance with Order 72.
Now given the aggressive exploration programme and the urgency expressed by the Ghana Government I would expect ratification of clon block/blocks to be under the process like the Exxon ratification. We do not know when this is going to happen but it could be anytime and any day. GLA

IMHO 2.5p would be wholly undervalued . 2 off blocks in areas producing huge volumes. Government pro exploration reflective in tariffs.
2.5 p would only give you MC of 18M try putting another zero at least on that dyor

Question for you Sam. If you are an investor then why did you sell? Sorry but I don’t get that bit. If you have dyor then you would have confidence in your position whether you are in the red or not. NB the transfer of wealth goes from the impatient to the patient . Quote Warren Buffet.

Historically we won’t get much warning we will catch it in on the order. The BOD are waiting along with other big oil ratifications they may have a better insight when this may happen, probably not. The good thing is Parliament are pushing through the necessary Bills to make way for Clon ratification. If you remember our time has come. JT alluded to the fact that the government had admin to do to release the block. This is it.

Robrob moving in the right direction this imo is clearing the way for Tano 2a.
As for the antics could see this coming on Sunday night when the usual paid trolls turn up deramping.
Market manipulation.