Member Info for MisterPositive

* 4 Oct 2017, Zaza invested his own £1m @ 0.58 pence

PLUS

* Placing on 12 Feb 2018 was @ 0.466 pence (raised £2.5m)
* Placing on 13 Feb 2018 was @ 0.452 pence (raised £1.5m from Institutional investor)

All have been done at higher price from current levels.

All those investors (and Zaza) looking at much higher returns from the prices paid in past 12 months.

Next 2-3 months, current prices should be history.

Lol....Code 5

* Oil shows were encountered in ALL 5 zones ;-))

That was my interpretation too. Majors must have had an early peek at the flow rates and liked what they saw. NDA was signed for 2 reasons probably, to keep the share price low & first refusal to Farm In, without letting share price get too high. Monday RNS was one single piece of news (plus other positives) to attract me back to FRR after about a year or so. Also Zaza bought in at much higher price to current levels. So would obviously be looking for a very healthy return on his Holding.

Majors will always have the Option of buying out whole of Block 12, for example.

Will all be about....FAIR PRICE.... offered ?

Majors already got a peek of good flow rates in my opinion. Hence NDA signed, otherwise share price would be at multiples.

EXXON and BP would be stand out names......as the 2 Majors.

To achieve better value and ROI, think Farm-Out might be better route to value realisation.

* Upfront CASH payment e.g. $100m to $150m with 25% free carry to full field development as 1 option.

Take Over can always kick in down the road, once 'Field Development' gains traction with Offers from one OR both of the Majors already on board.

Any early offers would still be well north of current price.

IMHO, DYOR

offtheball,

750 bopd sounds about right.

Someone else also mentioned the same 750 bopd few days ago (name escapes me).

+$1.24m per month Income looks pretty good at this stage....likely to be much more once all wells are flowing at higher rates.

On guys. Still way too cheap. We were met with resistance at 0.48 just 2 days ago. Think we might see 0.45 again soon.

Crack at 0.40 today ? Bottom in today by the looks. Next leg up. Just look at Mickgamblers analysis of last years run from 0.22 > 0.80 This time we are not going alone. 2 Majors looking to get in.

Kingabe, No worries dude. As long as you accidentally reported me for being 'Positive' then we cool.

Kingabe, You sure you are on the correct bb forum? 0.51 ?

5pPlasticBag, Good reminder of the potential here. Think that 202TCF estimate is across the whole field if I am not mistaken. Probably the obvious reason why 2 Majors are needed as the asset is just too big for FRR to develop alone.

Re-rate is on. 2 steps forward, 1 step back. Moving forward again. Another crack at 0.40 today would be nice.

0.365 Paid

In Mongolia today since 9 July Spud. Getting very interesting now.....coz any duster would have been announced by now and Rig mobilisation to Wild Horse would have been initiated already in my opinion.

Company website not showing share price at the moment..... Coz even they don't know how high it's gonna go.....wink wink !!! Don't worry, price will be revised Upwards accordingly ;-))

Was going nicely around 0.37-0.38 after lunch. Was is that 15m sell that dragged it down?

Within next 10 Days......guys & gals....

should get a peek of that Oil sea under the Gobi desert.....well hopefully :-)

now just popped up.

Can understand the frustration.....but equally exciting at the same time.

Man....this suspense is killing me.

No one hit wonder....this....multiple rolls of the dice,

though I would like to 'strike it lucky' first time.

just in.