Member Info for happysparrow

Nitpicking, 3CB? Use an old-fashioned metal comb.

A rising tide floats all boats - even in Batter-sea. Useful to Lukoil and New Age in Etinde project. But, yes, more relevant to JSE (marine oil - LSFO- which sells at a high premium to oil).

This was posted on Advfn JSE by Mount Teide:
‘Profits will grow seven-fold' – why oil stocks are set for a bumper 2021 - Telegraph 'The oil sector is primed for a blowout 2021, with profits set to rise seven times compared with 2020. UBS, a bank, calculated which investment sectors would grow their earnings the most next year, according to the views of hundreds of stock analysts. The research focused on American stocks, but sectors across the world behave in similar ways. Surging profits at American oil companies would be caused by a higher oil price and rising international demand, which would also have a positive impact on British firms. UBS found that the energy sector, which is dominated by oil companies, would grow earnings per share by 625pc in 2021. London-listed Shell and BP are among the world’s biggest players.....As the oil price crawls over $50 (£37) on the hopes that the new vaccines will get economies moving again, oil firms will once again start making a lot of money and increasing dividends.” He added that Shell and BP would need to pivot from oil to renewables to be viable long-term holdings.....'

3CB - you might have noticed we hit 8p in November. Took some profits then - and now content to hold on to two thirds of stake fairly risk-free. Roy has been most impressive; enough for me to keep backing this company for at least another 6 months. Expecting a move back up to 8p not before long. Fingers crossed.
And Happy New Year 3CB, and all.

https://australiannationalreview.com/state-of-affairs/is-tiffany-dover-is-dead-murder-by-lethal-injection-timeline/
"...Conclusion:
This is either a very elaborate staged event, Tiffany Dover is a crisis actor, fake clues were planted and then censored in order to draw in the truthseekers whereupon the Tiffany character will reappear fit and well, and confirm to the world that we are all just crazy Anti-Vax Conspiracy Theorists and the vaccine is all fine and dandy
OR
Tiffany Pontes Dover was murdered on live television by lethal injection and her death is being covered up so that the Muggles keep rolling up their sleeves and accepting the same poison."

Of relevance?
https://uk.reuters.com/article/uk-vietnam-britain-trade/vietnam-britain-say-conclude-free-trade-agreement-negotiations-idUKKBN28L0OY

Yes. Too, your 6 year old would have done better and not posted such rubbish. Apologies. Brain not working well tonight - new parts needed.

apologies - correct link:
https://www.investiraucameroun.com/gestion-publique/0812-15690-l-etat-reclame-5-5-milliards-de-fcfa-a-gaz-du-cameroun-au-titre-des-redevances-sur-la-centrale-a-gaz-de-logbaba

https://translate.google.co.uk/translate?hl=en&sl=fr&u=https://www.investiraucameroun.com/&prev=search&pto=aue

Was that you topping up at 9.37 this morning, 3CB? :)-

https://www.energyvoice.com/oilandgas/africa/refining-africa/283633/sonara-cameroon-reconstruction-debt/

https://www.energyvoice.com/oilandgas/africa/refining-africa/283633/sonara-cameroon-reconstruction-debt/

Had been expecting to take some off the table today. Instead, added more.
The news just gets better and better.

Boring, but expect this to be the next news on December 15th:
"Term Loan Amendment
On November 27, 2020, the Company and its lender executed an amending agreement to the Loan Agreement, allowing the Company to repay $7.5 million of the current $15 million term loan balance on December 15, 2020 to reduce interest costs. Upon repayment, the available credit capacity of $12.5 million may be drawn by the Company at any time prior to June 15, 2021."

Presumably we saved money by cutting the drill short.

I've just flicked through and seen your 5 page report - not had a chance to read it (and out for the rest of day, so will look tonight). Sterling work. Magnificent. And a big Thank You.

Thanks, Interzone. Have been busy. Great news about Riverfort - and I'll take a look. Lasst time I looked here Agadem was saying he had had no reply.
Of course, much appreciated Agadem for your enquiries - and really good news that Riverfort Loan put to bed.
Thank you.

Before it disappears from website:
MICHAEL WACHTEL
Head of UK Corporate, Head of Energy and Natural Resources and an executive Member of the Management Board of law firm Clyde & Co who have a strong emerging market focus and provide companies with a full range of legal services including corporate, M&A, financing, governance and regulatory compliance
His client list includes major oil & gas and oil service companies in addition to many of the leading independent oil companies
Prior to entering law, Michael worked as an oil & gas field engineer in various West African countries for Schlumberger and Geoservices

Sudden resignation.
My concern is that it's over 'governance and regulatory compliance'.

Agreed, Harel. But I'm happy with that. Looks like little downside currently - the 0.75p placing was, after all, very low, and placees don't want to go lower, nor will sell lower. Everyone waiting for farm out of 0094 and big jump in price now.
Getting 0029 after that will be a nice bonus (it has not been given to anyone else yet - though I can see if someone like Exxon now applies for the licence then they will get it rather than GBP)

Agreed about the upcoming drills. My thought was people had held back investing here until the licence news was positive, so it won't be so cheap tomorrow. Of course, that depends on the licence news.

Interesting discussion on Advfn blvn should help put this news into context.