Member Info for EyeGuy

spread tightened. looks like 0.05's any minute

The Board of Gunsynd (AIM: GUN, NEX: GUN) notes the announcement made on 1 March 2019 by Oyster Oil and Gas Ltd. ("Oyster"; listed on TSX Venture Exchange under the symbol "OY"), in which Gunsynd invested £250,000 by way of a convertible loan on 21 July 2017, stating that Northbay Capital Partners Corp. and Gunsynd have reached conditional agreement ("Agreement") with Oyster to settle aggregate debts of CAD1,426,500 owed to them by Oyster in exchange for the outstanding share capital of Oyster's wholly-owned operating subsidiary, Oyster Oil & Gas Limited ("Subco"), established under the laws of the British Virgin Islands.
Oyster's production sharing contracts in Madagascar and Djibouti are held through Subco.
The Agreement is subject to the approval of the shareholders of Oyster, which Oyster intends to seek at a meeting of shareholders in the near term. It is also subject to the review and approval of the TSX Venture Exchange.
The future board composition of Subco is still under discussion and a further announcement will be made in due course.
In addition to the convertible loan note, Gunsynd holds 2,313,000 ordinary shares in Oyster representing approximately 5.29% of Oyster's issued share capital.

-Block 1101 Madagascar- 100% owned by Oyster:
- Ampasindava up to 10 billion bbl prospect drill ready
- onshore, relatively shallow and close to coast favourable for drill costs and export,
- BP active next door.
- Mcap here £2 million. Concept NPV10 $10 billion on $50 oil.

Lovely

looking good. only the start imo

I want 2 bags today personally. 0.2p plus with these assets for a start imo

Hobione- development concept at $50 oil
NPV $10 billion. Page 18
http://www.oysteroil.com/i/pdf/ppt/Oyster-Oil-and-Gas-Corporate-Presentation-Q4-2016.pdf

Added on the bell. Potential for one of the biggest few days on aim over past few years.
Too good to miss

**Small fry

I think most of the small dry shareholders won’t vote because they won’t get their money back.
I think it’s a cert.

I agree. This could do 100% today. The assets stack up against anything sub £100 mill mcap and actually compared to an onshore explorer like 88e, Oyster has much more potential. Yet mcaps vastly different.
Could well be a £20 mill mcap company next week. That’s a 10 bagger from here.
I can’t actually see anything bad here. Gun also own over 5% oyster so that’s more vote to get the assets.

Wood adds: "Arguably why I started Oyster was to get back into that block in Madagascar [where] we saw huge potential with map structures that are measuring potentially into tens of billions of barrels."
https://www.proactiveinvestors.co.uk/companies/stocktube/8479/oyster-boss-opens-up-about-world-class-potential-of-its-djibouti-and-madagascar-assets-8479.html

Watch from 3 minutes

From proactive
Potential 10’s of billion barrels.
Onshore.
Near coast.
Shallow targets
Cheap drills.

Yep. Great day. But I think this is just the start. Presentation mentions “world class” assets.
The market cap is far too low for these assets.
I’m thinking £15 million is as a start.
That’s 7-8 x this

0.04 gone.

0.04 going.

0.20p is £10 mill mcap ish. Could be about right. Maybe more.

I stick with what I said. These assets rival anything on aim sub £100 mill mcap.
Also drill ready and has had oil shows. This could be 1000% higher next week

Ask 0.04. I think this will do 50% today.

Gross NCF : $22 Billion
v NPV 10% : ~$10 Billion Oil Price $50 bbl

All for £1.8 mill lmao

Project Economics
Mid Case 5.8 Billion BBL (STOIIP) Recovery Factor : 30% Recoverable 1.7 Billion BBL*
Oyster 100%WI
v Gross NCF : $22 Billion

If this doesn’t hit 0.1p before Friday I’ll be amazed. Again page 18. NPV $10 billion at $50 oil