Member Info for Bridges

Matter of time before the 236 level is tested, it’s about 3p and I think this may occur this week.

We will see the next level of 4.4 b soon

Remember we now have a bigger pump at Portland. Portland alone 1.3 billion usd dyor

Various sources but the jist of it was that the demand was increasing in particular in China and the USA. I am not an expert in this field so Purely my own research GL

reading a report on the demand for Saphires in 2018 and it looks like it is significantly increasing.

They are buys mate

RIP clon .......... not

I am afraid I agree. Gone from speculative to extreme high risk and probability of wind up and complete loss. oh well some you win some you don’t. I am out and by the way a load of those buys are not. GL

Dnd I certainly will be interested to see the commentary of the final results, any whiff of ratification will start the momentum with sp. I am expecting a lot of interest once ratification occurs. Many plus points, clon are sitting on a sweet spot!! Just need this formalised GL

Dnd � CLON shares are illiquid, there is only 580M shares in issue of which around 80M are held by directors. I believe there are several PI�s that hold large positions and in it for the long term play and will be rewarded well in due course. Not sure what you strategy is but sounds like you want to make profit as we all do? I would not get too excited about the annual results, the only thing that will increase the sp significantly is ratification of the Ghana license. If you hold out for this then you will get a good return, but don�t expect the sp to moon as there is not enough interest in small oil aim stocks hence completely illiquid. When will ratification be, we do not know? Educated guess tells me it will be this sitting of parliament but it could be when Ghana opens up its first oil exploration round for 6 blocks at the end of the year. GL

Risenshine � The Government has changed since then (back to the Gov that Clontarf originally agreed the terms with) and there has been a lot going on in the background with Ghana putting in place a first class regulatory framework which is why we are now seeing major interest from Big Oil (ExxonMobil, BP, Shell). I thought incorrectly I read somewhere that we would not need to go through the ratification process but I have pulled out some of my notes on the Ghana Oil Regulation and its clear that the license will need ratification through Parliament: FYI the licensing is coordinated by the GNPC and the Petroleum Commission, Clon would need to apply to the Minister, who then refers the application to the GNPC and the Petroleum Commission for evaluation and due diligence. The Petroleum Commission then issues a report that leads to negotiations, and a draft petroleum agreement is then sent for the approval of the Cabinet and Parliament. The license is only granted after Parliament ratifies the Petroleum Agreement in accordance with article 288 of the 1992 Constitution of Ghana. We are at this last hurdle � ratification. Reading the last years results good point to note and hopping we get some good insight as to when Clon expect the ratification to occur. �junior exploration shares have had a tough time in recent years. The lack of buying interest in AIM listed exploration ventures has gone on for nine years. The cycle will turn. The critical factor is to be among those ventures which are placed to benefit from an upturn. Investors good enough or lucky enough to select the right vehicles will profit handsomely�. Clon are in a very interesting position and on ratification will hold an extremely attractive and potentially very valuable license that many company�s incl. big oil will be interested in.

We need a crystal ball to answer when is it going to happen but my gut feeling with the uptick in exploration and subsea projects that it has to be days/weeks rather than months away. When you say "at all" I am guessing that it is your opinion that ratification my not be applicable and that the Government could approve without going through Parliament. If that what you mean I tend to agree and if that is the case the it could be announced any time now.

probably one of the best junior oil plays out there

On ratification we will get plenty of bags, but that is just the start of the game ; ) GL

Its been a long road but I have the hunch that this will conclude before the end of the 2nd meeting of the 2nd session of the 7th Parliament etc� We are at the end of the of the first week, some time to go before recess. Due to the rise in Oil SP, my valuation of clon has increased to 15p on ratification. I am surprised that this share has not been attracting more attention. The signals are there that this deal with the Ghanaian Gov will be closed soon and Clon is sitting on a sweet block in shallow water (less cost). NB you may think that my valuation is high but consider this: Not many Shares in issue. Kosmos who own c. 24% of the jubilee field, very close to our block, their share price today is USD 7.52 and climbing. Market cap nearly 3 Billion CLON is totally undervalued, on ratification. Today's 2m market cap. Clon also owns 60% of the Ghana Tano 2A Block. Share price not even a penny.

Good news!! I agree that ratification will not happen tommorrow but this a barrier down, things are moving in the right direction. With oil SP in the 70s now and it looks here to stay I would have though Ghana would be pressing hard on exploration

BidTom gonna have to be patient but it will pay off when this licence is ratified. Eyes should be on Exxon. Clon have a highly prospective block. GL

Don’t think so mate. Exxon recently (jan 18) have the Deepwater cape 3 points block licence via direct negotiation. Exxon have 80%, gov 15%, local partner remaining 5%!!! Granted This is subject to ratification. This is good for us Clon shareholders because Exxon have major clout to get through red tape and lead the way. There is a lot going on in the background st the moment. I don’t think it’s a coinicedenxe that me have a super major US Oil company plus US military presence!!!! Plus

They have the GM Harry Sintim-Aboagye ‘in-country’ and I am certain that ratification must be around the corner, it is in Ghana Gov interest to start exploration. Contarf will Probably enter into a JV or farm in from Big Oil. Maybe this is what the update slide is all aboout, maybe they are in discussions with a super major. The focus is definitely Ghana though. On ratification this sp is undervalued. I believe Also the shares are held tightly with little available to buy on the market. Demand will be high come ratification as the sp will be increasingly de-risked. Granted there will be still exploration to be carried out but given what we know about the area (jubilee block) and existing surveys the value of Ghana is multi millions added to the market cap.

Thanks for heads up, interesting presentation. Why did they post that on their website now? Maybe things are moving in Ghana? Ghana the new oil Provence 2billion barrels discovered to date Attractive terms = more profit and more value to sp. This will get ratified soon I think, the tumbleweed is clearing town :)