Member Info for Bridges

Very true mate this will make us a lot of cash, when the momentum arrives. It's all about timing, buying into a good prospect early with an exit strategy is key. I won't exit early this will either be farm in or BO. GLA

Moment

Clon is still partly speculative but once Ghana ratification occurs we are into a different situation. I have seen these small companies before sell licenses for $$$$$$ just because thier block is in the way of a pipiline or just in the way for mutiple reasons however this is not the case here. Clon's block is right next door to a world class field and has the potential to reap great rewards for us share holders. I have ammassed multi millions of these and will make a lot of money out of this investment for sure. Not looking for a quick buck either as I see this getting high interest from investors and/or big oil once de-risked. A very shrewd investment that wil pay off. Let's wait and see GLA PS check out Kosmos who own c. 24% of the jubilee field I mentioned above, their share price USD 6.52 so your 1gbp may not be so ridiculous in the years to come, that's if clon still hold a majir interest; either way we are going to make $$$ PPS also Kosmos I think also a good solid play on oil price rebound.

Who was the one with the oversized shoes and squeaky red nose that bought 1 share . Lol

Once ratification fully in effect this licence clon hold will be of value to investors not just speculators. I have accumulated multi millions if these shares but will not be selling a single share. Why? Because on ratification the journey into one of the most exciting African oil and Gas stories for Clon will have only just begun. There will be significant interest in this block, watch GLA

= company totally undervalued. Today's value is just over 3m market cap (mc) The block 18 in Equatorial Guinea successful bid should equate to 15m mc. Ghana ratification is worth at keast 30m on its own. Therefore 15+30 ratification = 45 which is c. 8p. Not many shares in issue, Ghana news will make potential investors smell the coffee when they see this share derisked. At the mo we have a lit of speculation hence sp not reflecting true value. This little African gem will have all the licenses I the right place to make this very very attractive. Stir and GL

The oil and gas sector in Ghana has been touted as essential to the country’s economic development. At a time when the government is stepping up its infrastructure investment, the country’s hydrocarbon reserves may prove key to jumpstarting industrialisation. NB the facility has potential to support many additional projects. “It is currently a service centre for OCTP, but we are taking a view to expanding and supporting other activities in North West Africa,” he says. See whole article http://www.offshore-technology.com/features/featureges-ghanaian-oil-and-gas-growth-story-5839081/

It is currently a service centre for OCTP, but we are taking a view to expanding and supporting other activities in North West Africa,

A good update I agree, particularly the bit about projects and finance.

General consensus is this is a speculative share with huge potential upside on and in particular Ghana ratification. The issue with the sp is that the Doc derampers have set upon war with the sp. Huge upside, Ghana discussions should conclude soon.

The Doc muppets came back again hopefully now gone.

Models will not be based on today's prices

Farm in

Note well that EPC contractors will finance this for a slice of the pie ;)

No

Again great analysis and spot on. This Doc Holliday chap has no o&g credentials neither is he qualified to make the calls he is making. Also looks like he can't read balance sheets that well either. Don't bite. This will come good regardless of derampers and their adgendas! The proof will be in the pudding

A good analysis wisecrow!!!! The other point is when we get Ghana ratification clon will lose some of the risk and new interest should start to come through. Doc hol needs to do a tad more research ;)

Once Ghana ratified the company will be worth a lot more than 3/4m. To be fair also with this success in Equatorial Guinea the market cap should be significantly higher. This is a speculative play but for me considering the block they just won and the geographical place of the block earmarked for Ghana, not too much speculative, I know the risks and happy with it. Hence I am building significant position in this share. Not too bothered at the mo about the sp as what will now develop over time will drive the price significantly higher. GL

That is specifically African projects btw

Totally agree, it's just a matter of time. I have been working on offshore oil and gas deep water projects for the last 5 years and the region is hotting up!