Member Info for Fingersandtoes

Hi Rob, great stuff - thanks for sharing as I was not aware. I am always trying to find useful snippets that can help make me feel more confident in a share that I am invested in and it's items like that one that are like golden nuggets both in making me want to start invested but also to attract the hoards to CLON for the Ghana element. I always felt that having some Billionaires on board would give confidence to the Ghanaian gov and also that they may be able to source the funding and even may have wanted to snap up CLON's share of TANO 2A in exchange for PET shares equal to say 10-20p a share in CLON - so I am hoping that the PET saga can sort itself out soon.

RISE - yes me too I have been in and out a few times - should have got back in at 0.4 but got around 0.8. Can't afford to miss this one - I had GGP (12M) at 0.3p in 2017 and jumped out as it was not going anywhere - so £36K would now be £360K...

Been looking at RRR as well but know what a plonker Andrew Bell (RGM) is - but if he gets his licence for his gold mine ($1B of gold) as it has been agreed but not signed off by Parliment then BOOM - spread is evil though at 25%. Seems to be the story of my life - waiting on licences (GGP, VAST, PREM, CLON.....) - but I suppose that what makes AIM companies go BOOM and be life changing (like GEO today). GLA

I agree Rob. Ghana has said that it needs more oil to be produced to increase it's revenue and Parliament must realise that they need to remove the proverbial finger to make it happen.

I also still feel that Mr Teeling and Mr Horgan have given themselves option (just before Christmas) in CLON and not PET due to the potential rise we will see here when we get the licence ratified - no disrespect to PET and I was gutted I missed out on their rise.

It also helps that our CLON man in Ghana is Harry B Sintim Aboagye - who was with the Ghana president a few days ago as Harry leads on the 'Head Of State Awards scheme' - no harm in that I say -:) https://www.facebook.com/HOSASGhana/videos/475812520038884/

Also, the upside here on getting the licence is massive - would be at least 5 bagger and on farm-out then 10 bagger to around 12p to an MCAP of £80M. Clon's profit on 1BB even if we give away 80% to a farm-in would leave us with around $2400M profit

Hi R1ck, hard to say - it also says - will include a number of Motions for Debate and Referrals at Committee. The other TANO items have been presented as Motions and they slip these in alongside the other work - problem is as soon as it is mentioned it will be very hard to get any shares. Looks like MMs are filling orders today and will show big trades at end of the day as CLON seems to do regularly. GLA

Just some background to our Ghana TANO 2A Licence (in case any investors in PET are newbees) which may help to push up the sp in the coming days and weeks….

We are waiting for ratification of our TANO 2A licence by the Ghana Parliament, already signed off by the Ghana National Petroleum Corporation (GNPC). Some other Tano licences were put in front of parliament on 23rd Dec 2019 and it is hoped that our one will be motioned this week, Parliament resumes tomorrow 28th Jan 2020, or very soon.

In terms of profit to PET if and when we get our licence ratified - if we assume 1B Barrels (David Horgan says multi-billion https://www.youtube.com/watch?v=Cm1mDihuEXQ). 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 (PET, CLON and the other partner totalling 100% currently) have to give away 80% of the licence to a farm out (as David Horgan 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 PET’s share of that is 30% and CLON’s share is 60% then we would have 60MBB and 120MBB respectfully. If we have a profit of $20 per barrel (with oil at current $53/b) then we would have a profit of c$1,200M and CLON c$2,400M. DH says that the field could be multi Billion Barrel - so even better.
DH has also asked for the original licence, which was allocated to us but which was then given to another oil company (ERIN – which has now gone bust) This is in shallower water and the drill costs would be even less.

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

It could get very interesting here if there is a further squeeze on shares over the next week/s with the Ghana Parliament resuming business and hopefully ratifying our 'multi billion barrel' oil licence in Tano2A. It would add significant value to both PET and CLON (30%/60% split of Tano2A). Ghana parliament already started to list some of the Tano licences before close of business on 23rd Dec so we need to watch out for Pan Andean Tano2 when Ghana Parliament lists the motions on the Order Papers: https://www.parliament.gh/

I am certain (not 100%) that they would have talked to Tullow for obvious Irish reasons, but there are other big players. If we got the shallow licence back then they would all be wanting in for reduced drill costs.

Jessell, you may be right or you may be wrong - it is a gamble just like the PET rollercoaster this week where the SP went +300% for some lucky investors (and not for some unlucky ones)

Zzippy - I agree, it is a dilemma and always seems to be with the oil/miners - many of my biggest risers have been on what ifs (success or dusters - JOG/ poor assays or excellent assays GGP/ money coming or not VAST, PREM, Kefi)/ and Licences - here at CLON if we had got our original licences in Ghana and Bolivia then the CLON SP may have looked a lot different. Hopefully parliament will take GNPC's decision and we will have our licence. We will then have a great opportunity to farm in a major or even the likes of a local company like Springfield who have success drilled a deep water well with over 1B barrels.

Could be very exciting over the coming days and weeks. Ghana's Parliament opens on Tuesday 28th Jan. On Dec 23rd 2019 the motions were put forward regarding amendments to the TANO licences. The ones we are interested in are below. It is interesting that CLON directors chose CLON rather than PET to take options in - probably due to CLON's 60% ownership of the licences.

i) Report of the Amendments to the Petroleum Agreement as Amended among the Government of the Republic of Ghana, Ghana National Petroleum Corporation (GNPC), GNPC Exploration and Production Company Limited and AGM Petroleum Ghana Limited in respect of South Deepwater Tano Contract Area dated 10th September, 2013. on the Amendments to the Petroleum Agreement as Amended among the Government of the Republic of Ghana, Ghana National Petroleum Corporation (GNPC), and AKER Energy Ghana Limited (formerly Ameralda Hess Ghana Limited) in respect of Deepwater Tano/Cape Three Points Contract Area Offshsore Republic of Ghana dated 8th February, 2006.
ii Amendments to the Petroleum Agreement as Amended among the Government of the Republic of Ghana, Ghana National Petroleum Corporation (GNPC), GNPC Exploration and Production Company Limited and AGM Petroleum Ghana Limited in respect of South Deepwater Tano Contract Area dated 10th September, 2013.

https://www.parliament.gh/epanel/docs/pb/ORD.%20PAPER-23%20December%2019%20(Mon).pdf#viewer.action=download

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% (if they sort out the court issues in PET) 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. If not I would thin Tullow or another large oil company would want to farm in - especially if we get our shallow drill oil licence back.

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

Lined up nicely for next week and opening of Parliament on Tuesday. May start to take a small dip first thing Monday but then will hopefully start to fly after about 10am and continue the rest of the week (or earlier boom if RNS comes in). See some late reported large buys showing now. GLA

Amers,
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% (if they sort out the court issues in PET) 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. If not I would thin Tullow or another large oil company would want to farm in - especially if we get our shallow drill oil licence back.

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

SP creeping up - wonder if we have any reported late trades as we normally have with CLON

Thanks Bridges for keeping us all up to speed on this. I am not sure if PET billionaires will be helping us fund this due to PET mess up/confusion, but was this their game plan all along - to get as many shares at a low point so that their 30% of Ghana licence is almost for nothing - then they pitch in with money offers for getting our oil well up and running. I expect Tullow or the like will be the farm in and especially if we get the shallow water licence. BOOM. Can't wait till next week as this will rise even if only for FOMO - GLA

CVM9 - I am not sure what you are trying to achieve by your posts and what you mean by Told You So -

On Jan 3rd, when the sp was 1.35 you said '100% guarantee that this time next week the share price will be lower than what it is now! ' - Well it did not it ended at 1.38
on Jan the 9th you said 'So last Friday I predicted that despite what ever RNS comes out that a week later the share price will be exactly the same if not lower (1.39). Looks like my prediction is going to be true!'

Well it did not end at 1.39 and now it is at 1.69 and been climbing ever since

If you are a shareholder I presume you want the sp to climb, but as you only post negative posts I can only assume you are not a share holder and missed the boat or are hoping to lower the sp to get on board. Anyway had enough and just going to filter you out.

Guess who’s back - CVM9 is back - deramper said sp would drop lower than 1.38 a week or so ago. Lol

Looks like Bonker99 may have got this spot on - if so could go over 2p initially
www bonker99 dot com and then see CLON

TRadingview showing KEFI as a Strong Buy again https://uk.tradingview.com/symbols/LSE-KEFI/

Three words

Patience, Boom, Multibag

This is a brilliant snippet of information - or SA partner (ARTAR) Gold and Minerals Limited are advertising for a Senior Geologist to lead on a Resource Definition (JORC) for our VMS mine. This is a major step and will surely be RNSs in the near future if not this week. If we then are shown to have a major deposit of CU or Gold then likely we will get a JV from Barrack or Ma'aden IMO. GLA. Please do your own research