Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
IS THIS THE POSSIBLE NEW PROJECT OR ASSET?
----------------------------------
From yesterday's post 13298:
"...they wanted to INTRODUCE PETREL to ANOTHER PROJECT in Iraq" (quote from Michel Fayad in his sworn statement last Friday)
"...excellent contacts too in Iraq where the chances for this new Petrel are "far-far-better"...'THEY' are ALREADY A PRODUCER in Iraq as I understood" (from moneyintransit EGM notes).
Two questions:
- What is this other PROJECT in Iraq? [sounds like it already exists]
- Who are the 'THEY' that are already producing? [I had assumed it must be Netoil but now believe it refers to Crown Energy - see below]
----------------------------------
Here's the summary of my thoughts (putting first so that screenshots below have some context)...
SUMMARY
-------
So, we have a Netoil guy, Surinder Rai (huge experience in N. Iraq with GKP), who is now a Director of recently incorporated UK company NETOIL GROUP LIMITED. In 2013 he was taken on as the Chief Operating Officer of a Stockholm based company, CROWN ENERGY, at the same time as they gained a massive 24,000km licence area covering the whole of the northern Iraq province of Salah Aldeen (and containing several oilfields including the Ajeel oilfield) and potentially has billions of barrels of oil, and for which two Netoil companies exist with these specific names (NETOIL AJEEL INC and NETOIL SALAH ALDEEN INC).
The stated aim in Crown Energy's business model is:
*** "TO DEVELOP ASSETS IN EARLY STAGES AND THEN INTRODUCE THEM TO SUITABLE OIL & GAS INDUSTRY PLAYERS" ***
They also state:
*** "WHEN A LICENCE OR PROJECT IS READY FOR PRODUCTION, CROWN ENERGY INTENDS TO REALISE THE POTENTIAL INCREASE IN VALUE BY SELLING THE PROJECT TO A MAJOR OIL AND GAS PLAYER" ***
I believe that NETOIL (with Tamraz/Fayad et al) may be one of the industry players that Crown Energy want to introduce an ASSET(s) to! This could either be exploration acreage and/or producing oilfield (it might even relate to 'the £100m asset' itself?)
DETAILS
-------
After doing a bit more digging, I now firmly believe that 'the project' that Michel Fayad says (above) they want to 'introduce' into Petrel is very likely to relate to the huge licence area held by Crown Energy in northern Iraq.
The following slides give background detail to the above summary...
UPDATED LINK..
https://twitter.com/VALLEYFLOYD/status/1220593814877933570?s=19
"VERY SOON"
Hope you didn't panic sell yesterday.
https://twitter.com/VALLEYFLOYD/status/1220589209859301377?s=19
Great to see. An update must be close now for her to confirm in black and white. "VERY soon".
Blue day ahead..
https://twitter.com/VALLEYFLOYD/status/1219341828895449092?s=19
The latest #CPEC meeting was held today in Karachi with the Sindh Chief Minister #ORCP
The Sindh government recognises Thar Coal Block-VI as a national strategic project under the CPEC
Block-VI of Thar Coal has estimated total coal reserves of 1.4 BILLION tonnes https://t.co/4YuYhD5vrj
Yes, Yorkshire Tea though.
Delay in CEO visit = Takeover 8p a share. You should know that.
HH Sheikh Malktoum with warrants exercised current owns 24.5%. Wouldn't suprise me to see him over 30%, at which point he has to make an offer to Shareholders not less than the 52 week high. I don't think he would have any interest in owning the company only to sell it on to a higher, probably Chinese bidder.
Definitely. 11m, 7m, 5m buys spring to mind from last week.....
I have a feeling something big is happening behind the scenes with the need to finalise everything with the CEO in London. Why is she physically required in London? This is bigger than just a funding RNS IMO. T/O?
They won't be releasing this until Naheed is in London so they can finalise everything IMO.
Just be patient. No need for everyone to keep saying news on Monday etc etc as all it is doing is driving panic sellers and allowing the likes of Majorboy to get in cheaper!
We will have news by end of the month IMO. Not long to wait ..
I appreciate everyone's eagerly anticipating news. However we don't even know for sure if Naheed is in London. She hasn't responded to anyone. Maybe she's due Friday or things may have changed.
All we do know is that the company are due to announce something very soon.
The whole time people keep suggesting an RNS in the morning and it doesn't materialize, ultimately people sell. As we know no the MMS will take this down a few percent on minimal volume
Yes big week ahead. Not expecting an RNS today or tomorrow but later in the week.
.
ORCP is well followed for an AIM stock but many still not aware of the potential to come here.
Should be back at recent highs range prior to news (1.5-75)
Good work Hippy, didn't see you found it before me. See below and share on Twitter if we can.
https://twitter.com/VALLEYFLOYD/status/1213374670378033152?s=19
Don't get your hopes up for an RNS until at least end of next week IMO. Otherwise investors are expecting news and when it doesn't come start to panic sell.
Funding news will take some time to surface officially, as holders all we can do is sit and wait and look for snippets of information online being leaked as it did this week and same the JDA agreement.
https://twitter.com/VALLEYFLOYD/status/1213043342294081539?s=19