Member Info for G_G_G

One of the best interviews I've seen from Majid. Enough for me to buy back 175k and 50k at 9.84p :) Have a good w/e all.

mariog, i think you'll fine the sp is dictated by aeco more than anything else. no new or existing investors don't care too much about serenity unless mgt decide to develop (very bad for sp). if aeco bounces back to above cad$2 and looks to stay there, then this will be back into the 13-15p range. i'm not as convinced of the aeco price getting back there so quickly / easily as the canadians are h@lfwits who will simply pump an extra 10% gas and leave themselves in the same ****ty situation.

having said that it should definitely improve in 2025, by how much i have no idea. sp is going to drop before any bounce, of this i am confident so have been reducing of late. back down to 1.5m shares. will probably sit and wait before re-entering. gla

given the cost of drilling wells, resources available, and now infrastructure in place, it will need to be some super ****ty news to get this much lower. keep in mind that non-casc + trin production are pulling in some decent numbers. these assets and production alone are worth +20p of the combined entity.

delivery on time at / near expectations and this will move to 40p. next stop will jump to 50p, which is the biggest hurdle to over-come. downside is limited to some pretty catastrophic decline rates at casc, alongside them completely f@cking up casc 2 & 3 i.e. over time, and under-delivering. both occurring unlikely imo. gla

Genius Jane.

Sorry what I meant was I thought we had received nothing for the oil stuck in the ONP...? As in we were due full payment on what has been delivered i.e. not the incremental price difference between then and now.

Still need to hear about Casc 2&3 execution. Missing timings by a month or so will give this a knock before we even know flow rates. Some updates on this alongside Q2 results in a few weeks will be welcome.

You juts convinced to buy more SirMark. That last 25k at 32.37p was mine :) Maybe another if we drop any more. Reckon the base is in though (barring any left field disasters).

Nice holding Sir Mark. I'm hoping to get some more in the low 31s. Otherwise I'm happy to sit. I'm still quite nervous about execution here. The company gets things done, but rarely to the promised level. TRIN will certainly provide a buffer for the company. I keep reminding myself the worst case scenario isn't too bad given their oil production and USD$2 gas price, which is far higher than what one of my other companies receive (i3e). This is my current big roll of the dice for a six figure profit (or not).

What's your average by the way?

Nice write-up. Shame they used a 12.63 share price. Oh those were the days :)

Also hoping that mgt will do a liquidity sweep and give us an enhanced dividend if they're not going to put any money into BBs. Currently circa 10% inc withholding tax. Pretty crazy yield at the moment.

Don't they owe us money from stranded oil in their pipeline?

Sirmark, I agree which is why I hold 800k shares @ 32.5p - I see it as a bargain. But that bargain perception can easily change if Casc declines are diabolical, and/or they f@ck up the execution of Casc 2&3. The whole Casc based investment thesis gets thrown out the window if such a reality bites.

As for TRIN, the recent deal has been re-priced to what the market believes we should have paid. My point about the sp going 'whoosh' is there will be a lot more shareholders who can jump out when the sp here starts to get a head of steam. The only way this goes 'whoosh' is with Casc decline curves flattening plus Casc 2&3 coming online on-time and production forecasts. If/when these things happen we will jump to 50-60p imo. If it occurs it will be sometime in October / November.

If we drop back further in the coming weeks I'll take some more. My absolute limit is 1m.

Super, I'm not expecting a 'whoosh' on the TRIN deal. I think you'll get new shareholders selling into any big jump in sp. We may move to the mid / high 30's, but I don't see us pushing into the 40's (or dare I say 50's) until they have confirmed Casc declines, and hook-up / flow rates from Casc 2 & 3.

The second milestone will be mid August. I don't expect this to be good news unless they can demonstrate a better understanding and mgt of the geology and existing wells. But if Casc 2 & 3 hit forecasted rates or better, then I expect a good 20-30% in a matter of weeks.

All in all, I think we'll need to wait until early October for any 'whoosh'. Still only 12 weeks and lots of news in between (hopefully all good). AIMHO GLA

What happened to all posters recently calling 'next stop 50p'. I mentioned at the time it was a little trading crew. It's the second time they've done it here over the past 2 months. You can see the first bump mid-May. Same people popping up for their 10%. Easy to do in a news vacuum with a volatile, low mcap company. I'm not knocking them btw, if it works then well done on making some money. Just felt it's worth calling out.

Decent sized buy earlier today.

Some good numbers for VLE Sturm. Interestingly it's (under)valued at a similar level to PTAL on reserves. Apears to have 1/3rd of PTALs 2P reserves. Having said that its EV:EBITDA ratio must be pretty astounding given the MCAP and amount of cash on the books. Will investigate further.

Truly hope we're not being taken for a ride here. If we get back to the 50-60p channel it will do wonders for my portfolio, which took a beating a little while back thanks to DELT. I remember saying before DELT collapsed that Swindells (CEO) looked like a slimy little c@nt. I don't get the same feeling from PB, but equally he doesn't fill me with confidence like some CEOs. Will find out soon enough I suppose. We've got less than 12 weeks for some big news items - TRIN closing early August, Q2 update mid August (Casc declines being key), and Casc 2&3 being hooked up and initial flow rates early October. If all goes according to plan we should be sitting comfortably in the 40's and maybe 50's with some further development plans being aid down for Casc. GLA

Suggest you all send an email to the company regarding buy-backs. If they pick up 50k per day it will have a small, steady impact on the sp. And it shows they're doing what they said they would do. Nothing worse than a company announcing something then not doing it. They have the cash. They need to get their brokers off their @sses and execute. I've sent some emails but the more they receive the more likely they will be to do something.

Unfortunately Canadians have a habit of being stupid. The fact they haven;t had any LNG plants or pipelines until recently is mind boggling. They've basically been giving their resources to the US to make money off them. And then there's the knock back to Germany at the start of the Ukraine War. Kind of unsurprising they'd be this foolish.

Reported Monumental

If we drop below 42p again I'm in for more. Pretty heavy here at 650k, but would like to get my 45p average down. I also have to keep reminding myself that every divi payment is worth circa 1.15p post Canadian withholding tax. GLA