Member Info for Mozax

Degsy - the 683k is s bed & Isa.

For the update on the 25th before speculation either way. It will be interesting to see what/where else WSG is targeting.

BigOiler - great moniker & now on your 8th post. You’ve been very quiet up to now given your big loss. Time to buy more when these muppets turn up.

They’ve announced the payment platform today, months ahead of launch, as there are a number of other announcements to come. I do think that we are entering an exciting period & the fact that the Company is growing nicely is enough to secure its future. I’ve transferred a lot of these into my ISA.

Excellent. Providing confidence for us LTH’s. Thank you Eric.

Aiming - yes - a week on Friday. I’m on hols at the mo & have been for a while so am losing track of my Fridays!!

Chunky buying this morning. The update on Friday will be useful to see how the business as a whole is developing. Iran on the ‘sideline’ & not priced in (obviously) but could possibly reward holders here hugely. Never say never.

The ZTE article demonstrates how Trump throws his weight around & then reverses a decision to ingratiate himself - it’s a cheap business tactic. The Iran issue is so much bigger than he thought & just watch him come back around when no- one else has followed him. He won’t like being out on the playground on his own.

Teressa May, backing UK Companies investing in Iran has a strong argument for encouraging airport security to be managed by a UK Company, for obvious reasons. The first contract, and it’s successful rollout could well lead to a number of other airports in the Country being managed by WSG. It shows the forward thinking and open mindedness of the Iranian Government to be working so closely with the UK Government like this. It also demonstrates the small minded & bullying tactics of Trump, undermining the years of Obama’s skill & diplomacy. Trump will need to go, if only The masses in America were a bit brighter!!

Let’s assume Oil at $90 per barrel the major is making $5 per barrel after costs. Assuming recoverable is a meagre 2 Billion barrels, and not more, as our report suggests. Or $10Billion. £500M MCap seems a bit weeny on an asset with 10 Billion Dollars in potential profit. And a very large potential uplift.

Morning All. Now that POO is going rapidly North the Majors are making money again & looking to invest in big reserves for the future. To Re-Cap recent events. 1. 13/09/17 BPC announces it has entered into 4 NDA’s. It mentions it hoped to progress one interested party to the next stage - non binding terms. 2. 20/12/17 - Moyes & Co Technical Audit (External verification of reserves) outline up to 28 Billion barrels with up to 11Billion recoverable. 3. 16/03/18 - CEO (who is being renumerated with stock options) Simon Potter gets 12 month contract extension. 4. 27/04/18 - Application for Environment Authorisation. 5. 03/05/18 - Announcement of Confidentiality & Exclusivity Agreement. In Oily terms things are moving quickly here. The combination of simply enormous reserves & a rapidly accelerating Oil price suggests that our ‘ Counterparty’ is in an enviable position, effectively locking out the Competition while it waits for environmental approval. The announcement of approval will be the turning point as more cautious investors await this. The Current MCap of £44M clearly in no way takes into account the value of the reserves, but once the potential is unlocked with the financial backing & experience of a Major coming on-board, the value of the reserves will start to be considered. Make the maths easier at $100 per barrel.

And thank you too Bongabob.

Thanks for the links - some reading for me tomorrow. This has got to be a ‘load & hold’, preferably in the ISA. Interesting 2018 right here.

Ok Degsy - thanks for the audit link - up to 28 Billion Barrels OIP and recoverable guestimates of 3.3 to 11 Billion. So - the 6 Billion recoverable discussed here was a ‘mean’ of those figures - yes?

What noises are Shell making over there? Any links? I always like a link to follow up on.

Hi Degsy - thanks for the link. I’m on hols at my Cypriot gaff - perfect place to spend researching and following the sentiment here!!

Reading Omg4’s ‘Shell -Whale’ link one can now see that the $250K ‘No-one else gets a look in until we’re ready’ is a ruddy clever manoeuvre. Canny - is the word that springs to mind. Where did I see that word used recently? Not surprising that we’ve seen huge money going into this stock.

Agreed - it could be huge indeed. I note on the website that BPC were authorised to drill before by a specific date, (April 2016) which has passed - so the environment licence must have been in place then. So presumably the Bahamian authorities have already got their heads around this & see the importance of another huge revenue stream.

Bongabob - those were my thoughts exactly. We’ll pay you $250k a month until you get the environment license - better to have the inside Company deal with the locals to achieve that goal. A few scratchy back dinners etc.

Omg4 - that’s a good link & well worth reading. With Oil prices rising the timing here is particularly interesting. Oilbell - On the BPC website I’m reading 4 Billion barrels of reserves where are the 6 billion coming from?( or rather, the other 2 billion?) Don’t misunderstand me, I suspect 4 billion is quite valuable anyway, I’m just interested. Current MCap is £44 Million. Presumably our Major may just buy us out?