Member Info for Crazych38

Sorry but you just say the best case scenario....

1. The actual results for cameroon = 0 farmin deals , And a lot of deluation for the shereholders.

2. What if we get finance/loan and go to drill in this condition... 90% cos??? ok but what with technical failures????

If its diffecult to raise money until now... what will happend if this case will happend during the drill?

We will be doomed... its not a easy task... if it was so good belive me we get farm in... there are a lot of companise that want tk earn money... but you see that its not happend... why you dont ask questions??.

And for the namibian asset... we dont need money from cameroon for that we need to sell % for good oporetor that take the manegment of the license from us and do it right.

We need to behave like finance company that have good assetes that we can sell for carry of 3d+drill we dont need to be opertors at any license..

Sorry to tell you that but the situation of the company is that project like cameroon ia too big for us...

We cant do it alone...

If we get finanace and we fail in the drilling what will happend???

This project is too tiny for big companies and too big and risky for us...

Until now most of the bad placing was for cameroon.

Our assets in nambia and south africa are much better oppertonity.

Its low cost... we dont need to do 3d .. we can sell rights for that...

This is what small companis do...

You can check the Pcl.asx story... on the begining of 2022 they had mc of Less then 10M$.

Now they have mc of 200M$ (ustralian) ...

Woodside paid for them the 3d.

Challenger is good exmple too with the farm in with cheveron they will get 12.5m usd + carry for 3d + 50% from the drilling cost and they remain with 40%!!!

its amazing deal!

For us? we dont need to stay with more than 10% from big block in namibia.... we have very low mc.

So any news from this situation cam be dramtic but we have to stop the diluation!!!

and its happend becouse cameroon - we too small for that to do it alone!!!

Im not sure...

Until now the walvis basin was with 0 value to me.

After cheveron farmin we have 4 blocks in the basin all of them circleing pel 82 of cheveron...

I guess we are good candidate for the next farm in to the basin.

Im not sure that will happened but im sure that after cheveron deal the probebilty that will happend is more than before...

So now what we have?

Every new play find in the orenge basin is good to us..(3b/4b + 2b)

New discovery at the shellow water on the azula block can be good to 2b block... maybe it will give us new interperation.

Total drilling campgain in south africa can be very good for 3b/4b (de risk)

And every farmin in the walvis will be good for us + Xom Should start the drilling in the north in the namibia basin and i think its good for us too.

I hope that if we dont get finance for that... To say bye bye to this project.

Lets focus on the namibian asset...

It depend on the placings and on where we are going to spend the money...

If we dont get carry for cameroon we should leave it and not raise another money for that... and focus on the namibian and south african assets

Trp?

I searched in the internt and in the website and im not sure its the actual....

Hi i dont have his email and my english is not so well but i have a lot of expirence on investing in junior exploration stocks...

Im sure there is a lot of potantial here but we have de risk the deluation... and its happend from my understanding mainly becouse the cameroon project...

If we remain just with the namibian + south african assets we have enouge % to Sell until the other playres in the basin will de risk it for us... after that if someone will find discovery in the basin our % in our block can worth mulitple from our current value without to drill nothing...

Look at the market cup of pcl.asx they didnt drill nothing and they have value that is *33 from us!!!

And they have just 1 block (i dont conisder there assets in ustralia nobody care from them)...

So again we are in a race and i hope we will not lost becouse diluation for cameroon.

Maybe

Its becoese they have 1 asset in namibia with 3d...

And the other asset in italy is in early stage so they dont need a lot of money for progress.

I think we have much better assets in namibia and south africa but our main issue is cameroon.

we dont have enouge money for the drill... its too big project for us ... if we are not getteing any farmin with carry for the drill im believe that in the moment we leave this asset we will behave bettter in the price action.

A lot of investors around the world are looking to invest in junior exploration stocks in the atlantic margin...

And there are few... hope this company will understand the chance that the cheveron farmin to pel 82 can impact on us if we choose good the next actions.

We have the biggest block in the walvis...

This is what the matket looking for... and its fit to our size and to do farmout deal...

Our main risk is cameroon!!!!

I cant read the article

I see that gbp and eco are up today

i think that our block is much bigger...

but we should change the focus to namibia

Good morning i said it hours ego... and i think trp should focus on namibia... we have very large prospective block...

If it really good we can find company that carry us...

Cameroon is too big for us and the diluting is very big...

If we cant find farm in there i hope we will leave this block and focus on namibia!

it can be like the orenge basin but it can take time... until than our main risk is the placings for cameroon.

I see you dont understand its ok... ;)

Its clear to me that our main asset is the namibian pel ... and we should focus in this and not raise another money for cameroon...

Very nice

This block has 70% of cover of 3d...

Is in the middel of the 4 blocks of eco in the walvis basin.

Eco have the biggest postion in the basin so its dramtic for eco.

And here too

https://finance.yahoo.com/news/1-namibias-namcor-signs-deal-073628319.html

Https://www.namibian.com.na/chevron-acquires-majority-stake-in-namibian-offshore-licence/

Sorry but your maps is decades ego... Hrt??? really?

If exxon will find something our block is the most neer to them....

Its not something that should happend soon but its good to know it.

In the begining of 2022 sintana energy was the same...

A lot of investors that lost there money talked about columbia and i told them that this asset = 0 to me and the main asset will be the nambian blocks.

Here as a new investor i dont know very well the history of the other blocks but the blocks area 1 and 3 on the atlantic margin seems to be very good opprtonity.

We can earn from drills in argentina and brazil in the offshore blocks... Equinor is the next drill that we shuold look and wait for the results.

Accourding for what i read this well will test the same geologic play as what found in the orenge basin.

If the mirror image of namibia is true we can hope to good results this year!

If xom is going to drill on the namibian basin on 24 or 25 its a very good for us.

We have huge block that xom maybe going to drill neer to us .

Im still think that the best way for us to succsess is to leave the cameroon license and focus on the namibian block ...