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Willec relax mon ami - Your fellow Ramper (for 2 Minutes again) - is at hand.
CHARLESTON has been making investments globally in E&P since 2016 and has been the cornerstone shareholder in SINTANA Energy Inc, a TSX-listed exploration company since 2019. Sintana maintains an indirect interest in a portfolio of exploration licenses in Namibia including in the emerging Orange Basin, where several multi-billion-barrel discoveries have been made by Shell, TotalEnergies and Galp Energia. As a result of its early entry and the subsequent exploration success, Sintana’s share price has appreciated more than six-fold in the past two years.
Q.E.D. JB
GLA
IK
Oh Willec get a grip of course I meant 0.002p TO BE EXACT!
Only you could think I meant 20p!!
x
Willec - I know I will lose all credibility here - If I have ever had any after JB's assasination - But I think we hit 20 by end of month - yep - I 've just become a Ramper (for a minute or two) - Why? - The facts are alligning and because The trolls are trying to persuade non investment and this one is a good chance - Folks in a few months time will be saying to them selves OH I wish, If only etc - ALL IN MY HUMBLE OPINION
Another way of putting it is - JB and Co will have peeeed on peoples chips.
GLA
IK
Hi Druid
Sorry a bit confused by your posts - which previous farmin are you referring too please?
IK
In4 - Thks vm for that info, much appreciated.
I guess if we have deeper pockets, hopefully, post Uruquay success, our growth could be exponential.
I suspect you are originally a CERP investor whereas I am a BPC veteran.
Originally a follower of Alan Burns.
One could argue that with deeper pockets (and maybe a friendly successful partner) The Bahamas might still be a play for the future.
I know that is going to give The Trolls food for disparagement but my argument still stands that we drilled against all the odds and failed on the first attempt. Virtually every exploration region fails on its first attempt. You need to be a major with deep pockets to have PERSEVERANCE. - Yep! pun intended.
OK pie in the sky maybe or at this time of night maybe I'm dreaming!!!
Have a good weekend.
Cheers.
IK
GLA.
In4 Thanks vm for elucidation and indeed insight into something v useful FMI.
Cheers.
GL
IK.
Normas - correct - primary guide is MKT CAP@100 mill.
In4cedros - (what is the derivation of your name please ?????!!!!)
A superb comparison. History does not dictate the future. e.g. Otherwise we might have a 6 day ME war now.
Times and things change.
The question really for The Trolls is: How old are you and can you teach old dogs new tricks?
GLA
IK
All of your observations and ideas have no basis or rationale JB except to vent your spleen against BPC.
I would remind you that despite all your incorrect dialogue about BPC/CEG failing as a company in The Bahamas - They did succeed in raising monies against all the odds and did succeed in drilling a well against all the odds.
The ONLY failure they had was not hitting oil.
Well my friend that is oil exploratio0n for you and AIM.
Get over it and realise that you backed a duster.
Your fault no one else's!!
IK
Lots of buying over last couple of weeks but price struggling to move much higher.
I wonder if someone who is going to get 8%+ of shares @ 0.00168 might have a vested interest in suppressing the price until deal signed sealed delivered etc?
GLA
IK
P.S. I did mention a whale in the water a few days ago - could be related to above observation?
Sorry you non believers - Think there is a whale in the water pushing price down with minnow trades and then scooping up through trawling nets and yep big aggregate trade appears at 17.00 hrs.
Classic!
IMHO
GLA
IK
JB - Did you do maths at school? - avg £20??????????????????
Been keeping an eye on Buy and Sell vols over last 2 weeks. overall been more buys than sells although as we know you never can tell on this board which are really subject to the programming application. Like everyone I have had Buys shown as Sells on several trades. One thing for sure is that there are a lot of "Unknowns" in decent size. particularly at end of day.
I suspect that this is all just tax year flipping and nothing is really going on.
Guess we just have to be patient and await formal approval and signings.
GLA
IK
Hi GMS - Great info thanks vm.
GL
IK
Hi Kinsella
Saw this somewhere a few days ago - FYI:
"Equinor in April will begin drilling the Argerich-1 exploration well in the CAN 100 block in the North Argentinian basin, offshore Argentina.
The well will be drilled 315 km from the port of Mar del Plata by the Valaris DS-17 drillship in 1,527 m water depth. It will be the first to be drilled in the country in ultra-deep waters. The well is expected to reach about 2,500 m in depth and 106 cm in diameter at the sediment surface. Drilling work is estimated to take 55-65 days.
The Argerich project is operated by Equinor with 35% interest. Partners are YPF (35%) and Shell plc (30%)."
I understand that this is relatively near AREA Off -1 and in similar geological region so outcome could have some influence one way or another.
GL
IK
Hi Euston - do you mean me? x
In4 - You are either being sent to Pentonville; "Jail"; Bow St; |Coventry; or a place where Jack The Ripper might kill you off for those terrible attempts at humour!!!
Nevertheless keep it up - makes me happier.
Cheers.
IK
MM - Yes I concur.
My gut says the same.
As I mentioned yesterday I believe almost 100% of Shareholders are "small PIs."
They are old hands like me who got stung on"Perseverance" but said sod it, "in for a penny etc..."
Or newbies who as you said jumped in on recent news and got a bit caught.
We have seen it so many times B4.
I mentioned t'other day another possibility (I dont really think this is viable BUT):-
A Major doing it a different way to Chevron (or maybe even Chevron playing the long con) by going for T/O.
I noticed Monday that there was quite aggressive buying consistently from start of trading
until early P.M. Approx 35 mill shares bgt.
This was followed by small parcel selling all P.M. Approx 10mill shares.
SP ---C.O.B. @ 0.15 same as S.O.T. @ 0.15.
Of course that could have just been YOU!! - Day Trading but I like to try to cover all "Maybes."
The reason I am a tiny bit suspicious is that BPC did get a Major "interested" during the Farmin attempt for
"Perseverance." You will probably recall the Major paid a decent sum for 3 Months "excusivity" in "The Data Room."
They even extended for 3 months and then cut and ran after a total of 4 months. Shenanigans were suspected but no one knows. I think the amount paid was circa $1/2 mill in total. Anyway just thought I would mention it.
GL
IK
In4 You need to go straight to jail and don't nick £200 on the way there!
Funny though Sir!!
X
hi mr wise
like you, i always find it difficult to "audit" these companies re specific financials.
i could be way off and would like to be corrected if someone is better at this stuff than me.
however my back of *** pkt calcs are broadly:-
oil revenues approx $9 million p.a. and consistentish for last 2/3years.
poo circa $82 wti and fairly stablish.
(madmax - i think most big geopolitical factors are as per now for the next year.
ergo poo around $75-100 for coming year. presidential election/uk election etc will mean no change.)
day to day expenses hard to nail down but they look to have been consistent for a while now.
extraordinary expenses e.g. 3d seismics have obviously been high, however they are about to virtually disappear.
point is:-
balance sheet has been sorted out in the main.
no debt to speak of.
cashflow in is stable.
extraordinary costs are about to be funded by chevron/whoever.
why do we need to go to market - can someone cleverer than me please tell me
which bit i am missing.
p.s. i am getting on a bit so treat me gently pls sirs!.
gla
ik