Member Info for Fingersandtoes

Charts show next leg up at 1.83, then 2.289 then , 3.4, 3.78 and then 5. I still feel that the Saudi mine could be a big surprise with such high grades of CU, AU and AG and either we will have Barrack or Newmont knocking on our doors asking for first option and to spend some money of their's investigating. GLA

charts at bonker99 dot com /chartpictures?chart=KEFI

Unicorn - best to have a read through the info on the board from Bridges and to also see the latest PROACTIVE video on Youtube - search on Clontarf Energy - and read the last few RNSs especially the one from September 20th 2019

Risendshine - I liked your first version better - a rise regardless of GOOD or BAD news -:)

I am also amazed that the SP did not keep going after that RNS on Tuesday.

The results were very good - imagine between 2.5% and 4.2% Copper and add to that the silver and gold. What a mix.

I've said it before, while I think that everyone, including myself, love the sound of Gold it could be that the Saudi copper could be just as valuable. Barrack just last week said it was in the process of selling some of it's gold mine resources so that it could buy ore Copper resources. It has a copper mine about 200km north of our Saudi licence which has CU at 1.2% and In 2014 Ma’aden paid $210M for 50% - and we have 23 more VMSs to check-out. Barrack have stated to sell some gold resources as they want more CU. So if we keep finding high CU grades I could only imagine they will be knocking on our door or Harry knocks on their door.

Add to that the fact that we do not know the size of additional resources under our Ethiopia mine and further along our licence (which Harry has said that Kefi will explore once the mine is underway) then we also have our potential mine 50KM south of Tulu -
'Potential for 10-20Mt at 1.5% Cu; (15Mt at 1.5% Cu at $5000/t Cu = $1.1Bn insitu metal) ' - this was at 2016 values and Cu is much higher now.

If you add all of that up then must come to at least £200M MCAP IMO - But as always, please do your own research.

Hi Invester2015 - Some of your comments seem very like Mr Aston's from the weekend - sorry if I am wrong but for such a new investor you talk lie you have been around for a long time - as I say sorry if I am wrong.

Again some info I have posted before - please do your own research

Just FYI - the map below shows our licence area (shaded area marked as Pan Andean) which is massive compared to the Tullow Jubilee field. What we were origionally given back in 2014 (but was then handed to ERIN energy - under the parent CAMAC ) is in bright yellow. ERIN was in Chapter 11 and has not drilled and CLON are now hoping that we get that back as I think it was felt to be a better licence area. If we get either then BOOM and someone like Tullow would farm in. Tullow announced on 4th Nov that it would like more licences.

http://www.clontarfenergyplc.com/App_User_Files/file/Licence_location.pdf

Not a ramp - just some info which I have posted before - Please do your own research

Just for clarification in terms of profit to Clon if we get our licence ratified - if we assume 1B Barrels
PMO recently farmed in to 88E Alaska field (where they assume at least if not more than 1BB) where they will fund the well drill to $25M and they have taken 70% of the well for that, leaving 88E with 30%. If we assume our licence will have 1BB and collectively (CLON, PET and the other partner totalling 100% currently) have to give away 80% of the licence to a farm out (as Clon says it could cost $30-40M to drill the well - so a bit more that 88e's well by PMO) then we will have collectively 20% remaining i.e. 200MB. If CLONs share of that is 60% then we would have 120MB. If we have a profit of $20 per barrel (with oil at current $55/b) then we would have a profit of c$2,400M. Cl says that the field could be multi Billion Barrel - so even better.

As we have the PET billionaires owning 30% they may decide to fund the well so as to achieve a bigger share of the profits - if they wanted to go down this route then it would be best for them to own 90% of the licence I am sure. A takeover may be paid in PET shares but that may dilute their own holdings in PET too much so may decide to pay in cash.

All pure speculation on my part and all dependant on Ghana ratifying the licences. Please Do Your Own Research before investing ......

Great find Bridges/Rob
I have been looking to see if there are any orders on the web site for up-coming items such as ratifications but cant find any. We could do with another Trading Update from our leader on where we are with things in Ghana and Bolivia. Also I would love to find out what the PET billionaires are thinking about our Ghana resources. As the 2 of them are very big in the Oil area then I have a felling that they will play a big part in our future in Ghana and will be recognised by Ghana as serious oil players. I also think that once we have our licences ratified then either the billionaires will raise the funds to drill the wells or will bring in the likes of Tullow as Tullow wants more Ghana licences. Hope we don't need to wait too long for good news.

No excluding those late ones - if you look at all of the trades for today on the Londonstockexchange it amounts to 58,600,084 and I have gone through these and they are all dated today and do not include any bigger than around 2M and so don't include any of those 3M trades.

58Million trades (on HL and LondonStockExchange)

Amers, i can only think that either a) there have been sells that the MMs have not reported and will report at EOP tomorrow - could be PIs invested as the sp was rising and then changed their mind and sold or b) the MMs are walking the sp down to hit stop losses and take shares either to sell higher or to meet a large order. I hope it is b)

NED - think you may be right about LB being Aston given it is a new ID just created today and the type of comments he/she has been bashing out on EUA. Dispicable person if it is.

Been at work all day and missed the fun, where did that come from. Hope it is someone in the know about the licences or PET billionaires GLA

Oil is now being produced from Kosmos Energy’s Jubilee field, Tullow Oil’s Twenneboa, Enyenra and Ntomme fields and ENI’s Offshore Cape Three Points Integrated oil and gas development project.

Hi Freeshare, the original licence area is but the area that we had to take in return (after taking gov to court) is in deep water (up to 1,000m). So if we do get back our original licence then yes we would be drilling in shallower water. Even if we have to stick with our current area then the recent success of Springfield's well 1.2BB in deepwater shows that it should not be too much of an issue - just cost. https://www.cnbcafrica.com/videos/2019/11/29/how-springfield-oil-discovery-will-impact-ghanas-output/

Just FYI - the map below shows our licence area (shaded area marked as Pan Andean) which is massive compared to the Tullow Jubilee field. What we were origionally given back in 2014 (but was then handed to ERIN energy - under the parent CAMAC ) is in bright yellow. ERIN was in Chapter 11 and has not drilled and CLON are now hoping that we get that back as I think it was felt to be a better licence area. If we get either then BOOM and someone like Tullow would farm in. Tullow announced on 4th Nov that it would like more licences.

http://www.clontarfenergyplc.com/App_User_Files/file/Licence_location.pdf

Thanks Awacker - it's obviousely all dependant on us getting the licence ratified in Ghana. The relationship with PET is interesting as is run by the same people and the 2 new billionaires who now have 51% of PET. We also are due news in Bolivia re Lithium but that will probably take some time to be meaningful. If you have not seen it already then very worth seeing the YOUTUBE video from Sept - just do a search on Clontarf Energy and it will be on the top.

So long as we continue to rise then the next target is 1.35, followed by 2.325 and then 3.3p...

GLA for this coming week.

Awacker - copied from robrob thread from 7th Nov - this stated that the review on licences would take 21 days (does not say working days or total days) so from 28th Nov onwards decision should be soon if as stated there will be no delays.
Please DYOR

"Ghana’s Deputy Energy Minister Amin Adam said on Wednesday that domestic laws must be changed to allow companies already producing to further explore offshore areas for more oil.

“We’re changing our law to allow companies that are already producing in a certain area to continue with exploration. We have in our laws provisions that constrain investment,” he said."

https://af.reuters.com/article/investingNews/idAFKBN1XG1KW-OZABS

and.... draw your conclusions..... from this

https://www.reuters.com/article/us-africa-oil-ghana/ghana-to-change-laws-on-licenses-to-spur-oil-production-idUSKBN1XG2HU

"The government also plans to revoke licenses from four companies that are not developing their assets. The licenses were awarded between 2011 and 2016, but he declined to name the companies as they had not yet been notified.

“We are convinced that we cannot continue to allow them to hold the blocks,” he said.

...."Parliament has 21 days to review the regulatory changes, and Adam said he expected them to go forward without delay."

Bridges, so right on the Stop Losses, seen it so many times in the past where the MMs have dropped the SP by a lot for a few seconds to hit Stop Losses and take shares cheeply. On these shares I never set a stop loss just in case - but obviousely that is a risk itself. Also, last week it looked like a few PIs lost a lot of money by selling shares at 0.09p instead of 0.9p and the MMs took advantage of them. I have instead set a very high sell price so that the MMs cannot loan out my shares.