Member Info for Bridges

News has already arrived mate ;)

No mate I have fully justified my opinions and valuations, see my posting history. Of course this is my opinion but I have backed it up with substance. Unlike others in here that just post figures out of thin air, mine are not.
Go back to your rainbow

https://www.independent.ie/business/irish/john-teeling-profile-clever-businessman-steered-clear-of-property-28895716.html

I know where I would rather align my investments with, do not listen to the trolls they have an agenda, stick with your own reasons why you invest in the first place; do not be swayed by them. I am looking for at least 32p out of the prospective Ghana block. That is only c. 230M market cap.

John Teeliing has made money for many shareholders over the past two decades!!!!

Martina07 what is your adgenda? Why are you trying to decredit you are talking rubish. No substance to what you are saying. Another poor deramp attempt

Good deramp attempt, you obviously have absolutely no idea about oil and gas, trolls filtered! This should already be at 5p.

Check my posting history, no time so go into detail now but on ratification Clontarf will be sitting on a block that is in a sweet spot for crude. Value will be driven by demand but there is no reason why the MC should not be over 100m. Look at the potential and do the math :)

GL with that but the probabilities are tipped the other way atm.

I agree with the sentiment that ratification will happen sooner rather than later. It’s just part of the process, I am surprised the “re-rate” hasn’t projected this share yet. All in good time ;)

1p will be destroyed on ratification ;)

5p would only give a market cap of 36M and given the highly prospective Tano basin that the Tano 2A block ( c. 1.5K km2 ) is in; this valuation of 5p at 35M market cap is undervalued.

Jubilee field is producing crude oil that is light and sweet 😊 and proves that the Tano basin has active hydrocarbon systems with the possibility of different cretaceous reservoirs along the margin trend.

Jubilee field is in the Tano basin and Tano 2A block is likely to experience commercial discoveries of at least 10,000 b/d maybe a lot more. 10K is the average flow rates of exploration wells in Ghana.

UKOG is looking at flow rates of c. 1,600 (correct me if I am wrong) with potential of a lot more with more wells etc. but has a market cap of 100M.

CLON on cabinet approval / ratification is probably sitting on a lot more; do the math, what would Tano 2A be worth? Multi times todays market cap and certainly more. 25p is only 180M.

Just don’t sell too early and get the benefits of the multiplier effects.

Ratification any time from now until the end of November

With PA for Clons Tano 2A block is with cabinet, as all legal issues have been resolved. We are waiting for news That the PA is ratified. Thanks

Ratification, although they will problem RNS it 3 days after it occurs ;)

Quite day today on clon street. I have been looking at the Tano 2A block and it’s proximity to the Jubillee means it is highly likely that it will be a JV OR farm out with a Tullow as the sweet crude could possibly tie back into the Jubilee infrastructure. Clon could fast track exploration. DYOR GL

On ratification there is high probability market cap will be over 100m, 17 pence. Although most will not have the nerve to hold out. JV then we are taking much higher DYOR GLA

My educated guess is before Christmas recess, as they need to push it through. It is possible to keep tabs on the adgenda for parliament but it’s very time consuming. For me what is important is that sentiment by all parties has changed and there are no blocks. I am confident we will see more positive news over the next few months. We just have to wait.

Mate on ratifaction clon will be worth a lot more than 4p! deramping again ;)

The last paragraph is a key message that should be resonated

The oil price has recovered to over $75 and world stock levels have returned to normal. The OPEC + Russia output cuts have worked. Yet financial markets seem sanguine about a production collapse in Venezuela, tightening sanctions on Iran and Russia, and ongoing conflict in Iraq. World oil shares are still being valued on an implicit oil price of $27. The farm-out market is subdued and exploration shares depressed. A trillion dollars has been cut from necessary investment plans. This is not sustainable. There will be a re-rating of oil stocks.

Clontarf plans to ride this wave.

What this means is that the exploration market is behind the curve ball and is starting to explode into action. This is a hot market 😊

FYI there is a huge backlog of orders in the Oil and Gas business. There is a significant uptick in orders within the off shore business as oil futures signal higher oil price cycle is here to stay.

Just don’t sell out to early ;)

Agreed but that’s not my main focus with Clon. I am interested in the Tani 2A Block but you are right there is potential there as well.