Member Info for G_G_G

Also expecting a solid NPV upgrade on today's announcements. I keep thinking what value would be placed on this company if listed elsewhere, like Australia or US. At the very least, we should be valued in line with SOLG or even O&G companies with similar NPVs listed on AIM/LSE. Yes, there is country risk. But the same can be applied to SOLG and many O&G companies. Yes, there's a very large CAPEX outlay, but the same can be said for SOLG and most O&G companies with similar NPVs. IO industry is going to continue needing new resources for the foreseeable future, especially with the rebuilding of Ukraine, Gaza etc. It cannot be substituted or replaced. And our product is where the world is pivoting at pace, right now. Bizarre. Happy to keep accumulating at these levels though, and would love the sp to stay around here for another 4 weeks.

Bizarre price reaction. Anyone have a view of L2 and what is sitting on the sell side? Someone is happy to offload in bulk. Reasons have me stumped given what we have in front of us.

Also, does anyone have a view on our current cash situation? One would hope that any deal in February / March would include the full FEED cost, or at least provide us with enough cash to ensure our remaining % is covered many times over, and Stage 1 CAPEX for that matter as well. The sp is behaving as though a cash call is imminent. That would be quite risky for whoever is offloading given the names involved in this project on our side - I cannot imagine they want any stink at all before the big reveal this quarter. And certainly not for the relatively small sums atm versus the +$1 billion outright sale value of the project.

Thoughts welcome.

Certainly a pleasant surprise to see another double-digit day. Goes to show how many people are severely underwater here. Looks as though yesterday cleared the traders and there's a chance we can hold a higher level near the 11p raise price. I fully expected us to stay around 9p and then rise a penny or so pre-flow test results. Another £20k off the losses tab if we can hold this for me. As much as I'd love us to get to 20p on flow test results, I can only see this happening if they announce something around 15mmcf, which is entirely plausible given the numbers shared for CR1 (20mmcf) by Johnno yesterday. That would confirm there is a huge column with strong flow to surface from the new zone, so folks can start imagining what another 3 wells will do this year, which would be transformational. Still a way to go before I'm break-even, but every penny is £18k back in my pocket. Hoping / praying for something huge in 6 weeks and that 20p number being reached, and then I'm going to trim my holdings. This company has aged me.

Top 3 volume day in the last year, and the share has flatlined on 7.4p. Very odd. Looking forward to seeing what is shared tomorrow (providing there's no raise). GLA

sirconsalot, you post buys and not your sells. do you seriously think that you are fooling anyone with your obvious trading?

and yes, everyone here witnessed you ****ting the bed and talking down your holdings when asking to meet up. ran away.

as for your post about my holdings and losses, i did respond and pointed out that maths, alongside literacy, are clearly not your strong suits. i'd say the only thing you are skilled at doing is talking ****. well done for having the rocket emojis work for once. good luck with your trades out of here and into panr. and don't worry about telling folks when you're trading, we can all tell because you pop up here with your constant l2 updates and ramping nonsense.

yes sturm, but the market is pricing in calamity baay's incompetence and track record of execution failures. if these didn't exist, we'd be at 30p and no doubt have jumped 20%. i said we'd struggle to break 9p. but absolutely agree the rns is far, far better than what i was expecting from a 'good' rns. anyone doubting how much of an anchor calamity baay is on the sp need look no further.

obviously traders are doing their thing from recent 6-7p levels. sirconsalot has gone awfully quiet for such an rns, but if you look at panr he is 'documenting his trades' and has bought another 500k over there. i think you have your answer. and also why he's happy to document his 'buys', but ****s the bed when asked to meet up and share our holdings and then starts talking down his 1.4% holding, even after adding millions more in the teens (according to sirconsalot). bigger b@llsh!artist than baay.

Or there could be good news and a raise. Being pinned at 7.4p is what's making me think one could be coming.

MoM, I get where you are coming from and mentioned the same thing - the only dampener in the RNS was Lyin Paul's words. My view, like many others, is that he has tempered his words for once, as the man has a habit of ramping himself, often before an amateurish f@ck up. It will be interesting to see if he does any interviews and what is said. The reason why the sp isn't in double digits is because the Casc 4 & 5 failures were so recent, and they were meant to be 'bankers'. Either way, we'll know in 6 weeks what we have on our hands. If +10mmcf, then 11-12p is my guess. Another Central well being spud soon after, and no issues with the compressor and low teens. And then in H2 if we have another 5-10mmcf Central result and well being drilled, we're off to the races and banging on 20p by year-end

Arguably, the biggest de-risk event over the past year is set to land in 6 weeks. I think those still on the sidelines will pile in with +10mmcf. Just my thoughts.

Wrt to government approval. My take is that the Nguesso clan have already agreed to such timings, as I also believe the project announcement will be part of their re-election campaign. It would be strange for them to be reading the same RNS as everyone else last week for the first time. I'm assuming that government approval for the project is already agreed (providing Nguesso is re-elected), and the preferred partner is already known. The appearance of it being a competitive situation is being promoted when, in all likelihood, Nguesso and co. have already agreed their cuts to rubber-stamp everything pre-election. This makes the 'promise' a reality for both the people of RoC, and the partner. I'm expecting (hoping) for Chinese partners, which Donald will not be able to impact, nor have the will to do so, given Venezuela could end up another Iraq. Why bother yourself with an Iron Ore project if you're focused on stealing the world's greatest heavy oil reserves, which is all their refineries are set up to manage. My two cents fwiw.

Yes it's odd wavey. I just picked up 400k in 3 tranches between 7.3-7.4p earlier. The sp does appear to be getting pinned. I hate to say it, especially after I've just purchased shares, but it does feel as though a placing is about to be done. Why is anyone's guess. I'd have thought with a partner so close to coming on-board they would make them pick up the FEED costs and everything up to FID... Then again, perhaps they are letting another key partner pick up a chunk of ZIOC (say 20%), which offsets a lower project % being sold and covers ZIOC until FID. It's awfully strange trading that's for sure. This company would normally jump 5% on my buys alone.

Anyway, tomorrow should be very interesting. From what I've read in the last RNS it appears as though the DRI route is already assumed given this February update comment:

o Process plant Front End Engineering & Design ("FEED") results, including updated capital and operating cost estimates based on a DRI flow sheet developed through 2025

ManOMan, it's sentiment here and a few good years of disappointment. I cannot stand the CEO and I know a few others are the same after what has been some monumental corporate missteps and deceit. The assets are what keeps people invested. Execution has always been the question mark. Although this is by no means de-risked, the first and biggest hurdle has been cleared. If the results come in at +10mmcf and another well is confirmed to be spud quickly afterwards, then I'd expect us to break the 11p mega-raise level. Beyond that will be one well at a time to get back near 20p, which if all are successful should be within 12 months. Still a gamble, but the odds have just improved markedly for 20p by year end.

Johno, it would be great to know the CR2 well results if you come across them. If it were a poor well, then we still have an anxious wait for results. But as I've said, the odds have just jumped by quite a lot. Market appears to have them at +20%.

Thanks Johno, that's incredibly helpful. From what you've posted it looks fairly safe to assume this well should produce above 10mmcf if managed correctly, given 1) thick, virgin zone with confirmed hydrocarbons, 2) horizontal length into new zone, 3. new zone has produced at 20mmcf previously (over 2 days). And there's always the two zones above to perforate, if, for whatever reason, this new level below the shale marker doesn't produce as it did many years ago. Would you agree?

Also, was there another well into Carapal? If so, how did this perform?

Funny that I said I didn't think we would hold above 9p on 'good' news. We now have unexpected 'great' news that has caught the market off-guard, and we're dropping below that 9p area. In all honesty, I thought this would push up toward double digits. Calamity Baay really has f@cked sentiment and trust here with his litany of errors and over-promises the past couple of years. F@cker needs to put his hand in his pocket. At least then he'll have done what he can to repair the damage of his making until we get some results (hopefully above 10mmcf).

PANR is quite different to our situation btw. I've looked at that company so many times over the years because of it's estimated resources, but until they can drill a well that produces at a reliably high rate, those resources will remain as difficult plays and the sp will Yo-Yo from one drill to another. At least there's a track record of very good wells in Central (and Casc). It's just the recent track record of our mgt team, and Casc development leaves a lot to be desired.

you're a broken watch sirconsalot. at some point, your horse**** is going to be right if you say the same thing every day. today's rns caught everyone off guard as it exceeded all expectations.

Thanks for your thoughts Ezhik. Agree there could be some drift, which is why Calamity Baay needs to dig deep in his pockets and throw some serious money at the company whose sp he has single-handedly decimated. I think £50k would certainly push the sp higher and keep it above the 9p range until we get results. Some other director buys would also help. They've been freeloading for some time. A big vote of confidence post this well and I think the market will start to regain confidence/trust prior to the 6 week wait for results.

Back to previous questions - Does anyone know the original Carapal wells 1 & 2 production rates from the upper zone (above the shale marker)? Also, I take it these wells weren't horizontal from this RNS - is that correct?

Yeah leaning the same way. Shame Calamity Baay has smashed trust so much here over the years, and we've had so much dilution at low levels. All I was hoping for was a finished well that was cased with no f@ck ups and them hitting a decent amount of pay from the currently producing zone. Never expected 3 x zones and horizontal into a significant new area of hydrocarbons (open at depth and breadth).

Does anyone know the original Carapal wells 1 & 2 production rates from the upper zone (above the shale marker)? Also, I take it these wells weren't horizontal from this RNS - is that correct? These things should give a decent indicator of what we can expect for the first 12 months of production.

Also interesting how companies often get pegged to round number for their mcap. I see this all the time. We were bouncing down from £25m for a while, and now we're at £30m. Still a very long way to go, but some strong results and confirmation of new wells (with realistic timings) and one would hope that we can break past the 11p mega dilution event. Lyin Paul should put his hand in his pocket in a big way as well. Useless f@cker has cost us being at 25-30p. It's the least he can do, not to mention he said that he would do it.

one for the sensible posters, what do you make of this from lyin paul:

'while the well has resulted in thick pay zone across multiple horizons, the ultimate deliverability will not be known until the well is completed and tied into the facility. several variables will influence performance, including the fact that the formation has not previously been produced from a horizontal well and the management of downhole pressures'

i've re-read the rns a few times, and it's the only thing that stands out as being suspect. he's such a b@ll****artist that it's impossible for me to believe in anything until it's actually happened. the wording above appears to dampen what has been reported about the hole. i think the big +ve is there are a number of thick zones that can be perforated, so one would hope that circa 10mmcf is probable from below or above the shale marker given previous results, and the fact it's horizontal below the marker.

does anyone know the online production rates for our initial holes into the carapal? i'm assuming these weren't horizontal...? thoughts on possible production rates even when managing downhole pressure? stas, johno, what do you think? shame we have to wait 6-8 weeks to get the flow test results. can't work out whether we'll hold 9p or drop again until we get the results because of the trust issues here. lyin paul buying a very big chunk of shares at 9p would certainly help to allay the fears folks have because of his past f@ck ups. will be interesting to see if he puts his hand in his pocket now.

stas, yes i read that part. it's the sort of rns they used to deliver back when they discovered some of these on-shore plays, albeit without the added baay b@ll**** on top. i imagine he's itching to get out and start talking about 'walls of cash', but we may actually have that scenario with central. the +10mmcf folks were praying for with this well is looking like it could be very easily broken. and if that happens, the re-rate will be quite something as the market can start pricing in another 2-3 wells. it's also going to help with the vat issue, as the trin government will know the money is going straight into production, which is likely to yield great results and start a snowball rolling. just needs those results now (and no f@ck ups).

ab76, that simply isn't correct. the sp is still in the single digits. there is no way anyone can say the central acquisition was handled well when a 'transformational asset' falls in calamity baay's lap and the sp ends up 1/3rd of the level when it happened. his monumental corporate incompetence and deceit doesn't get wiped away with some cost savings and us hitting a jackpot instead of drilling dud wells as we did into the 'sweet spot' at casc 4 & 5. i've always said we have great assets, which is why i'm invested. but baay is a complete joke and we'd be 3x the current sp if we had a competent ceo in the seat.

anyway, it's nice to see my pf jump by almost £35k in a day. hopefully i can get back most of the remaining £140k that his monumental f@cks ups have cost me. if we end up back in the 8's i'll add more.

PB buying would be a first (it may actually be a first). I'd take getting back to the huge 11p raise as a great result. Proof will be in the pudding when the well is hooked up and flow tested. If it yields the sort of numbers that ChatGPT shared on the 1st Central well, then we may even break the debenture price in Q1.

Wow, first time I can remember since Central fell in Calamity Baay's lap that we had a good RNS. Must admit this is almost unbelievable and I had to read twice to see if we could be that lucky. This may get back to the massive raise price of 11p. Incredibly good news for once.

And if anyone cares to know if I think Calamity Baay should be replaced, the answer is a resounding YES!. We'd be in the 20's and flying right now if he hadn't f@cked the bucket shop raise and Casc 4 with amateurish errors. As much as this is fantastic news, a semi-competent CEO would have us at close to 3x the current sp and I'd have moved my money to EDV 6 months ago.

Anyway, it's certainly a nice back to work start to the day.

Hi guys, been some time between putting money in here. It was almost 10 years ago when I first invested! Always kept this on my watchlist, and it's certainly getting interesting now. SP action is bizarre to say the least. Why do you think this is happening? I initially thought there could be a raise - what do folks feel about the possibility of this happening? They should have enough money to get to the partner agreement, so I can only see this happening if it's to let the preferred partner take a stake in Zioc as well. Cannot get my head around wtf is happening and not sure whether to jump in today or wait. All thoughts welcome. No, this isn't a de-ramp, not that anything I say would make a difference.