Member Info for Bridges

They have a major in the wings, as soon as they get ratification then farm in will happen soon after. I have always stated Ratification will have a huge impact on the market cap and significant re-rate of the sp.

https://youtu.be/Cm1mDihuEXQ
Time Has Come ;)

I agree mate I won’t be selling a single share until much later, when we see what we have in terms of production and reserves, if significant will send this MC into orbit. Some way to go yet though son baby steps first. I’m fine with that :)

I think that the options have been issued just ahead of the MOU RNS note Peter O Tool included in the options issuance.
I personally think the MOU news is about to hit followed up with Tano later on October / early November.

Fair enough, good effort by the BOD and therefore I have no issues with this.

Armatrading repost from Monday FYI
Market CapMon 07:58
Just to put things into perspective on where we are with Clon market cap and why we are seeing positive price movement with the sp.

Ghana Tano 2A has potentially a multi-billion barrel recoverable backed up by early seismic works detailing potential reservoirs coupled with many finds in the same basin.

Clon MC 4.3M. To put this into perspective compare this mature junior oil companies NB: rough Calcs dyor:

Rockrose 22,000 boepd, reserves 28mmbboe … MC 260M
PMO 80,000 boepd, reserves 600mmbboe …. MC 635M
Tullow 89,000 boepd, reserves 1178mmboe (most of this Ghana) MC 3Billion

We will see major re-rate on ratification of the Tano blocks.

End Oct

A good sign mate there is high demand for the shares. Most Long term holders have taken their positions and holding. Not many floating around at these prices. MM will have to move it much much higher! We are in re-rate territory

Rob I will not sell after ratification that is for sure. IMHO What comes after that is the full exploration programme where huge discoveries will be made in the Tano basin GLA this is just the start of the journey

It’s a very broad analysis just for putting the significance of Tano basin into the mix. Apples for apples difficult to compare to other non mature juniors as it’s the significance of the geology of the Tano basin that is the point. We are right next to Jubilee and most of Tullows 89boepd and 1178MMBOE is coming from Ghana, that’s it.

Just to put things into perspective on where we are with Clon market cap and why we are seeing positive price movement with the sp.

Ghana Tano 2A has potentially a multi-billion barrel recoverable backed up by early seismic works detailing potential reservoirs coupled with many finds in the same basin.

Clon MC 4.3M. To put this into perspective compare this mature junior oil companies NB: rough Calcs dyor:

Rockrose 22,000 boepd, reserves 28mmbboe … MC 260M
PMO 80,000 boepd, reserves 600mmbboe …. MC 635M
Tullow 89,000 boepd, reserves 1178mmboe (most of this Ghana) MC 3Billion

We will see major re-rate on ratification of the Tano blocks.

GL

Here, here and cheers!!!

Huge upside considering the Tano basin and that’s exactly why I have built up a position here. Africa is a hot spot for oil and exploration and a great place to be for a junior that’s landed a prime block / blocks . Plus we have Bolivia lithium and potentially Gas. I am not selling a single share for a long time to come yet. We have only just started the journey down the mountain, we are at the very top. This is going to get very interesting. GL

Your welcome. It may be worth tracking down the Clontarf shares although the cash no doubt may have already been passed to your mum. I hope you sort it out in any case, all the best!!!

Icarus6 - Pan Andean is a delisted company and at that time there would have been a deal for all shareholders in cash and shares. I am not qualified to give you advice buddy and please don't quote me on this and please qualify this with a professionally qualified person. You probably know this but the proceeds were FYI 15p per share and 1 for 1 share in HyEx; Hyex was then acquired by Persian Gold that became Clontarf. I would try and seek out a good accountant to track things back and see where the proceeds went and deal with then transfer of the proceeds to your Mum. I am an investor so dont look short term but medium to long term with a view to getting into a share at least six months before traders GL mate and hope you sort out the financials.

Robrob your last couple of paras - I think I will be a shareholder in Clontarf a lot longer then PET, I have a large holding here and a significant holding in PET however longer term I see the Clon being part of a highly lucrative operation in a relatively stable African market place, in Ghana. The issue is with Iraq for me is the security and how the Saudi Arabia situation pans out. As soon as PET gets to late 20s am out.
I also see more bags in clon than i do PET although I value both companies strategy and BOD. At 3.6M MC I agree Clontarf is totally undervalued and one of the best plays on AIM .
GL

What’s going on with PET is focus on Iraq and wouldn’t surprise me if they get BO Very soon. If that’s the case for the current shareholders (like me) it won’t be anywhere near £8 for us.
Back to the Clon channel all seems like the Tano block/blocks will see clon as an operator with GNPC. Don’t forget pan Andean is a local company which makes a huge difference. Bolivia MOU will come in October and whether more news on Tano is before that we shall see but ratification by Parliament will be November. For me this goes well beyond the current news flow and flow of news over the next few months. I won’t be selling any of my 2% any time soon ;)

Haven’t been able to post the whole weekend? But good Luck guys this is our time to smash the rock down the other side of the mountain.
Truly diversified junior explorer, with news flow imminent in the lithium prospect and clear direction on 2 blocks in Ghana. GLA

This is what we have been waiting very patiently for Tilster. I have been building and have nearly 2%. Happy Days GL

https://www.theafricareport.com/16814/ghana-oil-production-to-double-to-over-400000bpd-in-next-four-years/