Member Info for caesar

Can we guesstimate what the SP could achieve here:

a) on a commercial deal

b) a mining licence or

C) Aftan mining partner

Many thanks guys 😁

Too quiet here for some reason means it's interestingly deafening.

Looking back Petrel were 160p.

An award of an S and EPC turnkey contract which was a service arrangement.

So an actual PSA now (forget £1 or £2) would much more likely be a £5 - £10

😁

Divi. If this goes anywhere near that range I shall sell to top up in Petrel (PET) to continue the unbelievable magic :)

Petrel said they were confident about funding for Iraqi and Ghanaian projects.

They have 30% interest in Ghana through CLON.

Operating profits lowest in the world at $4 per barrel.

153b proven but undrilled 300 barrels.

Any tender submitted for licences would see 50p on any whiff of a deal.

Later a PE 6 = SP £6.15 (market cap £1.1b).

Petrel were confident for funding Iraq and Ghana projects.

153b barrels proven but undrilled 300b barrels.

Output could be 3.4m rising to 7m barrels.

10p on announcement day and 20p within days.

£2 minimum depending on farmout terms.

£6.15 on oil find .

£1.1b market cap (PE 6)

Could be a midtier company with the right partnership.

Operating costs were said to be $4 a barrel.

2 years to get to multi-pounds.

SP £6

The oil is there so no need to find it.

$140 billion oil in Iraq.

We are told there is substantial interest in Petrel and multiple approaches have been made as it is a clean vehicle shell.

Any whiff of a deal is 35p whilst others say 50p.

Well John Teeling is 80 in January so maybe he is arranging a super birthday surprise for himself which may also reflect on Petrel itself :)

I have read in a past rns that the management have confirmed that they have received approaches so hopefully by now they may lead to something

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From kdickson advfn:

I think we might get Ghana announcement first.

In the June AR it had these two paragraphs:

Petrel welcomes the Ghanaian authorities’ desire to resolve outstanding issues, whether by completing the ratification of the signed Petroleum Agreement on offshore Tano 2A or of equivalent acreage in lieu.

The acreage to the west appears likely to be relinquished due to failure to complete the required work programme.

The above ties in with my Ghana notes compiled from various feedback from the AGM:

Ghana notes

Ghanaian authorities wanted Petrel to farm in to Tano 2a with the Ghanian NOC but Petrel said no.

Authorities seem to be having a change of heart last few months - less demand for 'brown envelopes', etc.

Additional acreage has been offered to Petrel last couple of months and authorities asked Petrel to apply for it (which they have).

Its a relinquished block west of Tano 2a. Petrel wanted this block years ago instead of Tano 2a but another company got it but never completed work programme.

Negotiations ongoing (at time of AGM).

DH was due to visit Ghana end of August (don't know if he's been).

Other companies also bidding but authorities proactively 'suggested' to Petrel that they should amend their application (e.g. lower royalty and carry percentages) to make it much more competitive.

First evidence, said DH, that the market might finally be having an impact on flexibility of states/countries, after seeing companies pulling back from long term poor fiscal terms.

Hopefully the same flexibilty will happen in Iraq as well he said.

T W says a possible fundraise now to raise a surprise £10 million in the 60s or 50s :(

Once USA health chief Kennedy and Trump hear little old Opti are in discussions with big PEPSI these will be the most sought after shares on the market.

Trump will demand they add Sweetex to his Coca-Cola Oval Office desk machine to make American beverages great again :)

New here, so can anyone give a succinct actual description of how BMV are like SWC

Does anyone here have inklings of a similar or copycat company that has or may float in the future?

Agree Mibb. This looks like heading to over 2p upon bank financing

FUNDRAISE

On the day the funding arrives, there will be frantic pre-market competitive trading between fund managers resulting in a very much boosted market opening price at 8 a.m.

Does anyone know of any other companies that are awaiting financing similar to Kefi with either oil/gas or mineral exposure?

Hot Stock Rockets just published:

'we continue to consider a 1.5p+ share price is realistic – and possibly much more on positive further project development. As such, still a Strong Buy.'