Member Info for Hertstrader74

Now NT to buy. Can’t buy a bean with HL

Can sell the lot for 0.2511. Sounds like we may bounce late today and tomorrow. Most who wanted to be out have sold by now

Seems like the buy price is finally increasing. Nearly 0.25p so soon buys will show as buys. Interesting to see the 3 million block seller has not dumped since Tuesday

Interesting maybe they are onto something. Sadly I don’t think the market makers have finished playing games here yet. They may want to retest the recent 0.22p low before any bounce. One thing for sure is I would rather be holding now despite the aggressive drop the last week then trying to buy in bulk on extension RNS when every man and his dog will be trying to buy

I take Twitter rumours with a pinch of salt but would be delighted if that was true

Some rumours that NNPC are set to hand out next batch of licence agreements (but then that could be a Twitter ramp). I hope this is true. I’d rather be in now the. Trying to buy on the RNS

Way oversold

Brilliant this is an orchestrated drop. Last Monday it went to 0.35 and NT to buy for sometimes an hour. In a week I has dropped about 40%. Not seen any massive sells just pi holdings selling and the block 3 millions (although not today so far).

No 3 million block sell as of yet today. You can bet you bottom dollar the moment we see a flurry of buy and sp looks to be ticking up then bang out comes another block sell. I also wondered if it could be market makers chucking them out to stop a rise

I wonder if this is a planned drop by the market makers to test 0.22p like a few weeks ago collecting shares on the way down to sell on the way back up. Does look very cheap to me now but I said that at 0.3p. It’s not like we are on the cusp of drill results with either a gusher or duster. If you are nervous please re read the RNS of Sept 24th. Delays in paperwork in Nigeria are the norm especially in these Covid days. It’s highly unlikely the Nigerians will not rubber stamp an extension. It’s not like we are rendering for a new block

Some guy said yesterday afternoon as a ‘joke’ saying art texted him to say deal was off. Then followed about 10 million in sells in quick order. As if he would text a PI

Very suprised at how low the market cap is right now. Just proves there is very little patience on aim. Nigeria would have had to inform all parties 60 days before end of licence if they were not going to extend

It does look like the selling has dried up with not many sells at 0.25p. Traders will be looking to get in at or around this price looking for 25% gain. One day they will get caught out and in a blink this will be at 0.5

For those of us invested and underwater (as I am currently) I do take some comfort from sept 24 RNS and bar the persistent seller I have seen no monster sells. Mainly investors in last week thinking we were about to get licence and have moved on

On 4th August 2020, the Company announced that shareholders of the Nigerian Affiliate had executed definitive agreements to resolve their disputes. Completion of this agreement is subject to the Nigerian National Petroleum Corporation ("NNPC") granting an extension of the exploration period under the OPL 226 PSC beyond 30th September 2020. The Nigerian Affiliate applied for this extension in early June 2020 and has subsequently held a number of constructive meetings with the NNPC post application.



COPL is confident that it will receive confirmation of its exploration licence extension during Q4 2020. No notice of termination has been received by COPL's Nigerian Affiliate, which under the terms of the PSC would need to be issued sixty days before the 30th September 2020 expiry date. The two previous extensions to the drilling license at OPL 226 were received by the Nigerian Affiliate post the previous expiration dates.

We all know this is last chance saloon for Art and essar and shore can Shorecan are the right people to deal with the nigerian government after their previous success in Mozambique I hope the hands of power have been suitably greased

Our 3 million seller was busy today. The moment it looks like rising whack out comes another. I sincerely hope they are soon out of stock. Someone made a good point earlier in that if they intend to refuse extension there needed to be notification 60 days before deadline of end of sept

7.5 million buy at 0.264 was a buy delayed from 13.46. Buys at the time we’re 0.264 so someone is taking advantage of this slide

With the 2 million and 3 million block sells so far today (and of course not necessarily the same seller) I make that 19 million sold

Bill. I am suprised your still here. Would have thought you would have sold in the spike last week at 0.34 and bought in around today’s price

Yet another 3 million block sell. That’s at least 3 today. Art must know this is the last chance saloon for him. I expected the sp to drift somewhat on no news but these block sells are pretty aggressive. One hopes art isn’t letting some of his buddies out before news

Topped up a small amount at 0.2712. Is it not likely the licence extension RNS will be an intraday one? My guess a mid afternoon once nomad Signs it off. That would catch the traders out and that is why I can’t risk trading the share as the market makers will mark it up a lot then you will find it difficult to buy in bulk