Member Info for Ginoir

3CB, not always on the same page as you but agree your strategy. luckily I was (very unusually) in the right place at the right time to sell some at 8 earlier, that is still way below my average but happy to take some cash off the table given where we have been for a while now. I do still plenty of shares and confidence that the long term future is brighter here, but I have no idea where this sudden interest and spike came from, never seen anything like it on such little news...

Yes, ENEO deal would be the real rocket here...

No, I am in the stonking losses club unfortunately. You can check my posting history. Just think that the future is brighter with recent developments.

Because the plaster has been ripped off with CHL and good news on LA108 clean-up and test.

Finally some progress on 108...

My understanding of call answer to this precise question was that they need more reserves just to keep existing customers supplied/happy as some have 5-10 year deals, so they are not "drilling just to add reserves"... but obviously they aren't going to turn away new customers!

Yes, I suspect Roy wanted all possible bad news from before his time out in the open now - a) so he isn't blamed for it and b) so he gets credit if/when any one or more of the issues is later solved or ameliorated. They certainly do not seem to have held anything back with these impairments...

can anyone explain why only MM offers appear on level 2 for this share, unlike others I follow?
i have currently got a buy offer which is not showing, and indeed seems to be being ignored and trades happening at lower levels?! thanks

Am a LTH here, agree the buy recommendation for other reasons but not a chartist and the 6m signal history for SAVP/SAVE on this BB site (scroll past the headline signal) ain't exactly inspiring!
That said, nice trades above 8 this morning, is this the day we final get over that hurdle for good!?

8p gone - at least for now - come on SAVE!

Happy with that!

Finally broke 750 again, hopefully we now jump

and Savannah was certainly an odd choice for such difficult wells. that said, what's done is done and I think the future looks rosier from here, as you do. though it couldn't get much worse I guess.

FFS, I was agreeing with you RF, re-read my comment. 20m each is 40m, which is closer to 3m than 93m. I know a LOT about drilling in Africa and am well aware that 3m per well in this case is BS, but nevertheless it should never have hit 93m here.

correct, for example they had to use 13Cr steel grade and premium connection tubulars instead of API grades and connections which would typically be sufficient "onshore Africa" (massive generalisation, I know).

That said, the cost should still have been closer to $3m than $93m in my book.

Gauntlet thrown down, I don't think any option. In any case ENEO non-payment was priced in, in my humble opinion, IF they had ever paid something it would have give us a rocket. Successful litigation or ENEO now coming begging will do the same. No point me selling now anyway, will just but in the bottom drawer for a while longer...

Zengas, Delonex is an interesting one. They postponed their Chad drilling plans when the oil price crashed, and there was discussion of Warburg Pincus getting out of upstream E&P completely in that time of mass panic. However with the Delonex CEO now gone to Tullow there is a theory that (with the oil price also having recovered a bit) Delonex/WP might now come in for Tullow's Kenyan assets, as there presumably a deal to be done given TLW's situation (and their recent cut-price exit from Uganda, sold to Total). In my view that is more likely than a Niger deal for Delonex/WP, allied to their clear lack of interest in Chad for now. However that is not to say that some ex-Tullow boys are not still sniffing around SAVE, whether that is Boru or T5 Oil & Gas (also ex Tullow execs)…

Low volumes, can quickly tick up again even with no "new" news, LTH just need to be patient, unless they wish to take the chance to buy a few more cheaply. No major concern here IMHO.

interesting attempt to compare various AIM E&P cos, but DYOR of course:

https://www.linkedin.com/posts/eskoil-ltd_a-snapshot-of-the-key-aim-ep-players-activity-6675718188820422656-whxX

https://www.linkedin.com/posts/eskoil-ltd_a-snapshot-of-the-key-aim-ep-players-activity-6675718188820422656-whxX

exact link