Member Info for Madpunter

Thanks ma5k.

PETS highly oversold now with the direction and strength both blue. https://www.barchart.com/stocks/quotes/PETS.LS/opinion With the 1st and 2nd supports at 119.233 and 115.267, plus the 3-10 Day MACD Oscillator Stalls at 109.614, the latter looks good for a bounce. This looks about the same on your chart, except a few months quicker? Back up to the top of the descending channel? https://www.barchart.com/stocks/quotes/PETS.LS/cheat-sheet

pyrotech - �2.18m + �1.5m (II shares in the last PB) = �3.68m. If they are being swopped with ExxonMobil, YA and the II would want a quick profit. ExxonMobil has a cancelled trade from the 10th May for 70k shares for �5.7m, which is a quick 55% profit. 10-May-1810:01:4481.4305-70,000 0.000.00-5.700MO

cuddothisnow - ma5k doesn't short and I asked for the chart as I use barchart to try and identify stocks where a downtrend looks to reverse. I also asked for the chart on SOU. The charts ma5k draws I find easy to read and unbiased, whereas those who are long or short have a tendency to draw charts they would like.

Mole - I agree about not wanting a JV, but a low ball offer would be welcome, as long as it's formal and rejected. This would alert the market to the value of FRR and the share price would rocket in anticipation of a higher offer or a possible bidding war.

I don't see the need for funding for the 2019 5 wells. In a month even without the extra zones and 50% from using pumps 1000bpd is looking conservative. Using an oil price of $70pb = $2.1mpm x 6 is $12.6m by the end of the year. By the time the third well is being drilled there would be enough even using these conservative figures.

Nolosstillsell - I have added your post to the revised list copied below:- Why the long gap in the drilling? 1) Maybe the drilling and fracking team aren't available until November. 2) Maybe to tie in with the drilling for 2019 to reduce costs. 3) Maybe to allow time for a takeover and it has only been announced to allay fears over funding with a placement. The third option would explain the secrecy of who is funding the well. 4) Zaza has asked a potential major JV partner to show intent as the negotiations are shall we say dragging on a bit or perhaps the potential partner has asked for a little more time etc and Zaza has said ok you have till 1st November then we drill Niko with your money.

Why the long gap in the drilling? 1) Maybe the drilling and fracking team aren't available until November. 2) Maybe to tie in with the drilling for 2019 to reduce costs. 3) Maybe to allow time for a takeover and it has only been announced to allay fears over funding with a placement. The third option would explain the secrecy of who is funding the well.

Thanks ma5k, but unfortunately that share is not available to trade with my broker.

Thanks ma5k.

Dave73 - You've answered yourself. Trades are only listed as a buy or sell dependent upon the mid-price at the time. 'If Exxon or anyone else is building a stake the trades would have to be reported.' Then after the trades are reported they have to be cancelled as YA or the II aren't allowed to sell.

Timster - The trades are cancelled. Nobody is selling. It's probably a share swop. Click on my posting name if you want my fuller explanation of what I think is happening.

Your looking at the wrong share, PETS, not PET. I've copied my post below. PETS highly oversold and just the direction to turn blue. https://www.barchart.com/stocks/quotes/PETS.LS/opinion

Forgot to add that it also has a 35% spread.

Laks - If they do find something and that's a big 'IF', they will probably get fleeced like ACA.

PETS highly oversold and just the direction to turn blue. https://www.barchart.com/stocks/quotes/PETS.LS/opinion

If they had purchased in the open market, the price was near to 0.6p and would have risen. The price with the cancelled trades has dropped to 0.42p, therefore any buying in the open market is helping to offset any loss from the swop.

Mole - YA want out and Zaza doesn't want them to profit too much. Then if the II will want a profit without waiting for the lock-in, a swop with ExxonMobil wouldwork. If ExxonMobil want FRR why wouldn't they want a big chunk on the cheap?

Cancelled trades still happening on a daily basis with FRR, but also a very large one with ExxonMobil. Hence my recent post copied below:- YA's �2.9m plus the II's �1.5m from PB = �4.4m. If ExxonMobil swopped them, they (YA and the II)would want a profit. The ExxonMobil trade of 70k shares for �5.7m on the 10th May was not listed until the 21st May, then cancelled on the 22nd May. ExxonMobil are not getting them in one lump, to allow time for them to buy in the open market before reaching the 5%.

YA's �2.9m plus the II's �1.5m from PB = �4.4m. If ExxonMobil swopped them, they (YA and the II)would want a profit. The ExxonMobil trade of 70k shares for �5.7m on the 10th May was not listed until the 21st May, then cancelled on the 22nd May. ExxonMobil are not getting them in one lump, to allow time for them to buy in the open market before reaching the 5%.