Member Info for Derrik

Bonsai oil and gas.

From RNS Wed, 29th June.

"The Company remains funded for its 30% share of the Pensacola well costs."

Why would Sheffield buy on TSX at 15 cents CAD (9.65p GBX) when he could buy on LSE for 7.4p GBX?

Any thoughts on Sasonof 1 drill offshore Australia spudding next week?

https://www.westerngas.com.au/exploration

Clon have 10% equity and tiny £11M Mcap. Worth a punt?

What's with the "non protected portfolio" trades?

Who owns the warrants?

From my experience, warrants from private investors can take several weeks to exercise.

I wonder if Mr. 100K is from USA or Canada? He seems to turn up at 2pm UK time.

That's my plan BigBear2.

Another £200,000 buy.

FOG's next drill is 1000s of miles from the Tamboran wells.

BigBear2 you might want to take a look at FOG.

2 big drills to spud in June.
Free carry from farm in partner.
No debt.
No placings.
10 million in the bank.
Someone loading up with £200,000 buys.

£195,000 buy just gone through.

Phoebus, I was here for Dempsey in 2017 thanks to EME getting a mention on the then sound energy forum. Bought in at 10p and de-risked completely at 20p.

I'm not an expert on warrants but I have owned some in the past. From my experience the conversion process has always taken several weeks to complete. Is this normal? If it is normal then we could shoot straight past 12p.

Spot on.

Based on current volume and share price I'm guessing 2 weeks to clear.

Nearly all of shares provided for trades over 8p will come from the CLN. Usually the CLN holder will instruct a market maker to forward sell all the shares as quickly as possible as long as they average ~5% profit. Some of the CLN shares sold above 9p so we may soon see CLN shares selling for slightly less than 8p to clear.

The £700,000 of shares will have been forward sold at any price above 8p. Temporarily sell shares you don't have knowing at some point in the future you can covert the loan and get them.

Australia gets a mention.

https://uk.finance.yahoo.com/news/five-things-know-lng-eu-124858314.html

Read the previous RNS's.
Drilling will only start after survey is complete. Survey at sea will only happen in good weather with low sea swell.