Member Info for Ibyb

The only thing that could possibly super-charge the share price is news on the sale. There have been many obstacles over the years for EUA to overcome, the SP was rather resilient against covid but the current crisis and sanctions is causing a lot of people to play safe and trade.

Any intra-day activity or mining updates will have little to no impact on the SP with the current crisis that is going on.

The BOD need to provide a firm update as to where they are with the sale.

lol Oz kind of… cast your eyes over this this: https://totalenergies.com/media/news/press-releases/namibia-totalenergies-makes-significant-discovery-offshore-block-2913b

Damn these tweeter campaigners with their several thousand followers causing the price to jump! Outrageous!
We should chase them off with our pitch forks and torches.

You're 100% right. The SP increase has absolutely nothing to do with the fact that GBP hold a license in the area, 2 multi-billion dollar companies have been planning for years and have finally discovered oil in an area where people have doubted for years in a space of 3 months.

Or the fact that we're on the hunt for a farm out partner which the BOD have precisely mentioned.
Or the fact that we have successfully obtained licenses in Italy after years of battle.

That's right, it's the tweets that have raised the SP... (Facepalm)

You must be new here?

How is it possibly a good thing?

Every single share you own will become weaker in value as they are proposing to add another 139m shares more in issue at a lesser rate than what the market is right now.

We’re producing more oil than ever before at market rate that we haven’t seen in a decade.

Simply repay the loan back in cash!
I won’t be voting for it.

Dilution, dilution, dilution.

140m shares @ £0.032 each!!!

Clive specifically said that he would not carry out any placing/conversions which would result in the Existing shareholder value to be diluted.

There is no credibility left in this stock.

That should keep the critics quiet for a bit.

Bazinga

Rumour has it Venus has hit a monster oil bearing zone with two additional oil zones. Waiting for verification

Northeast bear in mind the SP has been in gradual decline over the last 5 years, LTHs could also be offloading.

I shall rephrase not everyone but some people are expecting to see this shoot to 10p in a day.

Everyone is expecting to see this shoot to 10p in a day.
It is known that there are risks here at GBP we still have lots to prove. The market is cr@p at the moment but our fundamentals have not changed.

Shell, Qatar P, NAMCOR have mitigated the make or break risk by confirming there is light oil.

I won't be parting with a single share until I hit my milestone targets.

Just sit back, relax and wait for news on the Farm Out, Venus well confirmation and Graff-1 quality results.

Christian Schaffalitzky, Executive Chairman commented: "The Directors are pleased to update shareholders on our reserves and resources, as we continue to make good progress further to the RNS of 28 October 2021 in relation to the potential sale for which a separate update will be provided".

CC, they've drilled in 3000m of water, GBP shares the same rock source as Shell.

Hardly a pump, if anything it's reassured any license holder that Namibia is infact sat on heck of a lot of oil and the oil has the ability to flow to the surface.

Shell have done with this wildcat it which makes it possible for the likes of GBP once they have a reliable farm out partner.
GBP have no debt and are cash positive. Screams multi-bagger in my eyes.

Shell has discovered light oil in Namibia and it's expected to be in the region of 700m to 1bn barrels.

https://www.namcor.com.na/wp-content/uploads/2022/02/NAMCOR-Press-Release-The-Graff-1-Deep-sea-discovery-_Final_3_Feb_2022.pdf

That was just a silly rumour to set in fear. The SP reacted accordingly.

The company website landing page shows "The Company is well funded with cash reserves and is debt free."

We've done a few placings in 2021 and in 2020. We've still got warrants outstanding for each placing and the increased likelihood of now securing a farm out partner, who in turn should fund activities such as Seismic 3D's, Drilling and more.

From a business overheads perspective, I think we're good.

It’s like constantly like trying to bat flys away…

Company website, debt free and well funded… no need to dilute more…until I see a placing RNS that’s when I’ll believe it.

“The Company is well funded with cash reserves and is debt free. It has an experienced Board and management team and is actively seeking to grow its portfolio through investment in new ventures.”

Monecor offloading more

I don't know enough about TRP game plan. But I do know they have recently diluted and have a significantly higher number of shares in issue.

As it's the CASP board, I won't say much more. Just wanted to spread the love :)

https://twitter.com/5lfour/status/1486109336984248324?s=21

I’m invested im Namibia oil play GBP that owns a licence in Walvis Bay, Shell has discovered oil in orange basin rumoured to be Bn of barrels of oil. Its years of planning in the making and expected to rise significantly.

Worth a punt on the rise on the reaction of this highly anticipated news.

Atb