Member Info for BrightSpot

@bigdano, I’m out of the loop right now. I don’t expect any significant news until the second half of September.

I’d expect a steady tick up on the share price for the next few weeks. 2 quid before any news might be a bit rich but this bad boy is only going one way.

I understand the Zama sale will probably be announced before the end of the year or early next year. The big boys are all showing an interest - Shell, BHP, Petronas, Chevron. The asset sale is very attractive for buyers who could see a route to operatorship with negotiation/farm down with Talos. Half a billion dollars or thereabouts is likely. More importantly for Rockhopper, there is now a clear line of sight to FID. With Zama sold, Premier will go from Toulmont to Sea Lion.

Good news for the Rock. After way too many years of threading water, the future looks bright. We are still not out of the woods as Premier can always throw a curveball with a major North Sea purchase, but I understand that is looking very unlikely.

I bought in heavily at just below 20p. Exit point targeted at north of double that in 12 months. Longer term, when production gets flowing, Rockhopper are sitting on a goldmine with a share price in the pounds again.

Bit more patience required but things are eventually looking positive.

Most private holders, no doubt, have an idea on their exit strategy. Of course everyone has different drivers and varying views. As the boys in Aces Bar are about to celebrate the Joe well spud tonight, I though a summary of their opinion may help:

Joe is obviously derisked. There is a working hydrocarbon system in the block. However, Joe is a different play type to Jethro and its far from a slam dunk. 50/50 is a fair enough chance of this well coming in strong. Like Jethro the boys from Aces Bar might get a whiff of things before any news gets official.

As the boys understand it, Eco will wait on the Joe result before starting an asset sale process. Eco will keep the Namibia acreage and continue as a company. Total are in the best place to pick to Eco’s Guyana business and a deal that includes a farm down and wells carry in Namibia is on the cards for Eco. The boys hear talk of various sales figures and converting this to the existing share price would give a figure of around 4 pounds if Joe comes in strong. Seems a lot, I know, but the recoverable reserves from Eco’s block are huge - there is a lot of follow up drilling to be planned, especially if Joe comes in.

My personal strategy is to hold for the sale unless negative Joe news breaks. If Joe is dry or non commercial , obviously the share price will pull back but an exit point of around 3 pounds is still on the cards.

In summary, Joe is not the key to high shareholder returns with Eco but a commercial strike sure will help. One thing is guaranteed, the share price, barring any black swan events, will be much higher than it is today.

Obviously great news today. Hopefully those who wanted a quick exit got out at 140p+.

I personally was surprised at the percentage increase today. I was not expecting to see the large percentage rise we got.

I am targeting an exit point at north of 2 quid now. I don’t thick that will be too far away time wise.

Positive news next week as the boys from Ace’s Bar have informed us.

Now the main question, is the strategy fo next week - sell and lock in a good profit or hold for an even better day in the sun ?

I suspect we will see a 30% increase in the share price when the good news get published. A share price of close to a quid is not unlikely. No doubt this will get sold into and private investors will unlikely sell at the peak.

Eco have always said they will a sell up. I suspect they will want this drilling campaign completed before they sell, unless a stonking offer comes in. There are many large players interested in Eco and a bidding war is most probably.

In summary, even with good news next week, my money will stay invested. An exit point of 2 quid may be high but I bet this ends up closer to 2 quid than 1 pound when the sale finally gets executed.

It’s very interesting that the news from Aces bar has remained in a very tight circle.

Sources suggest great news and probably next Monday for publication.

The noise in Aces Bar is that the drill is successful.

Probably news towards the end of next week.

All very interesting developments todays, especially the QP news.

However, we are still quite a few days before the drill bit enters the first target zone. My sources tell me this weekend should be interesting, one way or the other.

Good luck to all holders.

Finished my holdings with a job lot at 68p yesterday. The s/p may go a little lower in the short term. All noise right now.

Hammerhead news will give the s/p a boost but we need oil on the shakers. If that happens on the first drill, I’d say you’d double your money on this bad boy.

Best high chance exploration well I have seen in a long time.

I suspect the s/p will track into the mid 60's in July.

The geology looks good. COS in the 40% + is unprecedended for an exploration well. Nearby discoveries. However, this is far from a slam dunk.

The Herd will arrive shortly and ramp/deramp.

I plan to take a position in the next few weeks.

Zama news totally outstanding.

Givingthelowdown 87p
SadAct 101p
Smut £1.03
colinfleming £1.04
Bladesman £1.05
TD £1.065
Mrd5432 £1.08
KaiSharp £1.0825
MrEMC2 £1.09
Withoutt £1.10
Hawkey £1.11
outofideas £1.12
Bright spot 113p
KARMAKANIX 114.5
Rookie £1.15
loofer 104.5
Ohmetoe 107.5
Lemarc 120p
olderman 124p

Should move above 100p by mid week.

I’d expect oil tighten and Brent to be above $75/bbl within a few months. PMO should benefit greatly.

I have read a few explanations of Goldman Sachs trades over the last month or so. However, I remain baffled as to why they continually sell and buy relatively small amounts of stock.

I would appreciate any light being focused on this. Thanks.

Take on this as you will .................

Rumors released on share placing and buying Chevron''s UK assets.
Share price drops. Buyers take a position.
Zama news. Share price goes up. Buyers take a profit.
Perhaps Premier does bid and win on Chevron UKs assets or some of them. Premier proposes an asset swap using Zama.
Premier gets UK Barrels with all the tax implications and removes Zama from its portfolio.

This share requires patience and balls of steel to hold through the volatility.

My view is that we will see a pound sooner rather than later.

STRONG BUY.

Could I suggest that it would be a very good idea to heavily invest in Premier tomorrow.

TD, in my view, has performed well. Sound purchases and good sales. He sorted out the debt which could very well have taken the company under.

POO will get sorted in the next few weeks.

Before too much longer we’ll be talking about two pounds again.

Bottom has been reached imo.

STRONG BUY

Huge upside to several main issues:

- Zama hydrocarbons in place. Big style if the prospect below Zama comes in.
- Catcher hydrocarbons in place.
- Toulmont hydrocarbons in place.
- Share price !!

Give Premier three months and I strongly believe the share price will be well over a pound again. This is a company with terrific assets and very strong fundamentals.

Patience is key but I believe the bottom is now reached and there is a double bagger from here.

STRONG BUY !!