Member Info for DanBrown83

if we got that news, i can see us breaching the old 2 / 2.2p support pretty quickly

nice rise - i wonder if COBRE customer is sorted - we were last ones to know last time when it dropped, probably last ones to know when it comes back at full pelt

i think we can expect one most mornings - it drops the Spread early and then it comes straight back up
If we get high volume, we get some rounded sells at lunch
Whoever it is are happy to bring it to this level, let it rise to 0.4 and then do the same again, we will see this pattern over the coming days i think, its like they dont want it to fall past 0.33, but also not rise past 0.4

Theres a definite larger seller
we have seen 15m sells
we have seen at dinnertime a block of 16m shares in like 7 trades sold in a few minutes
the same thing happened yesterday around dinner time too
Either Buying Pressure needs to increase or the next RNS is title JV AGREEMENT / FARM OUT AGREEMENT

Bid back to 0.37p

Bid at 0.35p

Ask is 0.35p and holding it back
there is always a few big sells in a block that keeps the SP at this range

John

the RNS reads 'entered into Non-Disclosure Agreements & Data Exchange Agreements with two industry majors'
the word 'entered' means new agreements and is nothing to do with the historic agreement

So 2 New Industry Majors (whoever they are) looking for a working relationship - this is fact!!!!

Free lobster at 1p!!!!!

The current rates depend massively on T39 - read the RNS from July
529 bbls/d of oil and 600,000 scf/d of gas using an 8/64" chock size
347 bbls/d of oil and 425,000 scf/d of gas using an 7/64" chock size
250 bbls/d of oil and 350,000 scf/d of gas through 6/64" chock , demonstrating excellent well deliverability.
The Company anticipates that production rates from future development wells may be significantly higher.

This was all natural flow

Seems to me, there is a good chance to further open the choke and get a greater flow of oil than this RNS
add in existing long term wells, T45 and Dino2, to this - its pretty easy to see why Zaza is confident on reporting 1000bopd+ by end of year

but maybe a large service provider like Schlumberger would be better suited to a Farm In than a BP / EXXON who would probably prefer outright takeover

i think we all believe the resource commands a value of 10p at least on a Full Takeover Bid
just imho, until the SP starts to reflect a higher Market Cap, we will be looked at as prey, i think a major would thing 5 x market cap as been a good offer for shareholders, so the more we rise now, the better the potential agreement will be for us here

This is why a lot of investors have wanted to get the results released as this is a big step of proving the resource with well test.
until this is done, we are at a stage of historical data and seismics with some initial data to prove up the asset (probably somewhere between the 5% and 10% stage (kind of in the crossover point) so hopefully with the majors been in the data room we can get 10% of resource (but we have to also factor in the profit share agreement - so 2.5% / 5% of $60bn is somewhere in the region of $1.5bn to $3bn which is probably where most here have stated on numerous occasions as been realistic

A Bed and Isa always seems to drop the SP and is conducted at the bottom end of the spread??

Freeatlast - i'm well invested here for me - i don't have a lot of money but i have invested here because i see the resource commanding a greater Share Price than where it has been over the last few years
At present, if 2p came for an offer, that would make a life changing amount of money for me - it would make me completely debt free and then a decent sum of cash left over, but like you i want a lot more than 2p, but i also know that while the SP languishes, the chances of getting a top ball offer is still far away, our resource and where we are should generate an offer of circa £2bn for the full block but i would assume the majors seeing the Company Value at circa $60m will look to try and get this cheap - im hoping for a bidding war and with 2 majors hopefully that will occur, but in all honesty - if were offered $400m today, and the SP jumped to 2p+, i would be honestly very happy

As i have stated as have others, they won't be as bothered to see the SP trade, its more annoying for us PI's but ultimately if a major signs a Heads of Terms deal with us, they will be expecting multiple of what they have invested, why a target of 2p is probably minimum for a quick deal (reckon we can get more)

Consolidation today ready for a gentle rise into close

albeit 15m sell on the bell

looks like we have a 1m share seller and 2.5m share buyer working together to keep the price where they want
to go from nearly blue at 2.30pm to 15% down on not great volume and some decent buys shows how the market makers are still in pole position - they lost it monday afternoon but they have scared plenty of honest folks to sell, when they are primed - they will let this go

i can't see an Investors meeting under NDA's
what can be said