Member Info for Bridges

Interim results with update on Ghana like PET RNS is due.

My first profit taking target will be around 19p with target of 32p (is only 230M MC). Why this valuation?

Oil is breaking news highs and oil futures are looking very, very strong. Our asset becomes highly valuable,

High Oil price means Ghana will ratify the PA soon and in my opinion this year.

Cabinet approval, then ratification = huge re-rate as this will firmly open the door for the Big Oil to JV (ENI, Aker, Exxon, Tullow, Shell, Chevron are all there and want more and now have cash)

Less than one week away from Q4 when 6 Ghana blocks out for license.

We are in the area where one Jubliee Block produces 100,000 b/d (c. half of Ghanas output and ageing, they need new blocks)

The pro o&g exploration Ghana cabinet have no interest in holding this up as they need the industry in order to progress there political ambitions and their country. To get the potential out of this his block they need to act swiftly.

Successful traders work 6 months ahead of the market and get in before the price reflects their valuation. This is a no brainer.
DYOR and GL

I am guessing :)

BNC check out my posting history you may be interested ;)

Pet is down because of sellers like me switching to CLON ;)

19p the value of of world class asset in one of the worlds hit doors for African exploration. There is already data out there. 32p on JV. I think JV it farm in will follow in the short term.

Let me clarify that, 19p short term target on ratification then 32p on significant interest in CLON. DYOR and ZGL

I agree, there is no reason why we will not see multi million market cap

This is just what doc ordered;)

10m would be totally undervalued I think more like 100m

This is pure music to our ears :)

And this is the start of a new age for the junior explorer CLOn and Mr Teeling and co will reap huge rewards along with us shareholders!!! GL

To new 4 year highs, oil futures looking very strong. This is way we will See Ghana Ratify the PA soon and in my opinion this year.

Cabinet approval then ratification = re rerate.
Agreed. Given the up tick and increased pace of exploration then I do not expect the ratification to take long

One week away from Q4 when 6 blocks out for licenceing round.
Try the filter button it’s just as good as exterminators you just see a load of red messages saying this message has been filtered.
Not many shares available, so not many options out there to get hold of any. De ramp maybe one method but I don’t think that there are now many shareholders out there willing to sell ;) now

in Africa.

FYI to give an idea why I think valuation of Clon on PA ratification will be north of 200M.

SOCO International announced an agreement to acquire Merlon Petroleum El Fayum Company for $215 million. Privately owned Merlon holds a 100% operated working interest in the onshore El Fayum concession in Egypt’s Western Desert.

SOCO said the El Fayum concession had the potential to produce for more than 15,000 b/d of oil by 2023.

We are in the area where one Jubliee Block produces 100,000 b/d

Not quite apples for apples but it gives a flavour of the potential valuation.

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!!!!

investor1111, confu, skier1, hinkas, avoct123

our block is worth a lot more than 52m

Yes mate. All good!!! I “believe” I need A beer. Good weekend all :)

7p is not my exit BTW, will be much higher

Agreed it makes this block very attractive, much lower capex