Member Info for Kheldar

Just noticed a new bicotender dated 20/12

https://www.bicotender.ru/tender260529203.html#tenderHeader

For laboratory analysis of prepared oil for the content of organochlorine compound.

Could it be for Block 8 wells or the new 142 interval they are testing?

Rns: “ The interval tested at Well 142 did not prove commercial so testing is now underway at another interval at that well. Following completion of testing at Well 142 the rig will move to drill Well 155, the final shallow well under the existing work programme.”

Surely they will be able to say by end of next week if it’s commercial or not?

daisy do, one of my gripes with this share is that the goals of shareholders and directors are not aligned. there is no onus on the directors to increase the share price in fact they profit from a low share price. correct me if i’m wrong but directors took a salary sacrifice where part of their salary will be paid in shares based on the average price each month.

we are sitting on a **** tonne of black gold. our problem and it’s a big one is we have incompetent people. i have a feeling unless we are successful with 803 we will bring in a partner.

2024 is our year .

Most of the 2023 money has been spent on wells on block 8 but total silence. I continue to suspect this is because they have to wait until block 8 acquisition is complete.

Main positive for me is they have maintained 2000 bopd. Unfortunate on 142 but they are testing another intersection so could get news in January.

It looks like 2024 will be our year instead of 2023.

Not going to lie was hoping for a fire sale this morning so could buy more but it looks like everyone is waiting for someone else to sell 😂

Gwm121, seems like you’ve lost faith in the share and imiagree with you you should sell. This will serve 2 purposes, 1 you will get a price if 2.76p which is better than yesterday of 2.56 and more importantly for the rest of us we will see if there is someone mopping up the shares at this price.

Cheers and good luck

My take from the rns is BCM are paying Oriole an upfront signature payment but then BCM will spend another £xm on exploration.

Since BCM will be fronting the money for exploration then surely there is no need to spend the signature payment on exploration?

This maybe a silly question but if the link up with BCM goes ahead and we receive $1.5m upfront payment can Oriole then cancel the Lanstead subscription deal?

Another one joins the group - more the merrier

https://www.einnews.com/pr_news/675161807/kalegran-b-v-mol-group-joins-apikur

Rns: “ Gross average sales of c.28,800 bopd via trucking and pipeline between the date of our last market update, 25 September, and 11 December, reflecting: c.30,000 bopd in September, c.37,200 bopd in October, c.21,500 bopd in November and c.21,900 bopd between 1-11 December”

They’ve sold 21900 bopd in December already by the 11th which covers the monthly capes. Anything they are selling now until end of the month goes to profit.

Apart from November the other months sales have been pretty good.

There was a lot of talk in November about the pipeline opening , I wonder if they slowed down the sales expecting the pipe to open.

It’s a high risk share for sure but the upshot is huge if the pipeline opens.

Pretty disappointing that they haven’t reported on 142 as last rns it was supposed to be back online mid November. Ever the optimist i think Clive is waiting for it to flow successfully for 4-6 weeks be fire announcing lol.

This article around d the time of the last rns seems to suggest that we won’t find out about block until the blocks are officially owned by casp.

https://www.sharecast.com/amp/news/aim-bulletin/sanctions-still-impacting-caspian-sunrise-operations--15146328.html

To my simple thinking this does make sense that we won’t know until after casp own block 8 outright

ATB

Looks like someone is keen - 2* 40m buys.

Maybe news on the way

This is interesting

https://www.bbc.co.uk/news/science-environment-67508331

The price action gives a good clue which way things are going.

At the moment you can sell as much as you want but they are not prepared to pay you much over 0.08p. However when it comes to buying they’re willing to throw you some scraps under 0.09p but want a premium for any decent shares.

Same thing happened on Orr before it jumped over 100% and it’s being repeated here. First the complete loss of confidence and then boom rns.

Let’s see what happens here next few weeks but I think the trajectory is up.

Atb to those holding here.

Look no further than Orr if you want to see what JV can do for you. It was languishing at 0.07p last week, JV has been announced it’s now around 0.16p and the company in a strong position.

I still believe in Roland and although down here I think we could have news this week.

Arb to all shareholders

I think what has gone under the radar is who they have selected as JV partner.

BCM limited are big enough to cover the JV costs but are small enough to consider this could be company changing for them.

They had $170m revenue.

Very promising imho

It looks like Eileen made a wise investment after all :-)

Well I have too I’ll admit the BOD seem to have turned this around. BCM International revenues for 2022 were $170m.

https://www.zippia.com/bcm-international-careers-16436/revenue/

We may get some chartists coming over as the technical indicators are saying this is a buy

https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=ORR.L

Atb - hoping we get some news this week

Mr.spacetomato - in my opinion those shorts are not hurting at all. If you look at the shorts they have been for a few £m. Now that is a lot of money for us but for these hedge funds it’s peanuts.

It’s obvious to me that the shorts have been in place to control the price while they have been filling up from PIs panicking. The real winners will be the hedge funds once news comes out

Atb

Yes there is no deal yet but look what has happened in last few days. Sudan I pays surprise visit to Erbil on Thursday. The Iraqi oil minister is in erbil for next few days to get a deal over the line. As far as I can tell this is the first time where Iraqi government words and actions are aligned.

The oil companies have already stated openly they won’t restart export unless they are given assurances on how the money owed will be paid.

All looking promising g to me

Atb