Member Info for NewKOTB

The UK's list is rather long ! https://www.treasury.gov/ofac/downloads/ctrylst.txt

So Investec and no doubt others are aware of the valuation metrics here .... bring on EPP. SP must be let loose soon, if only to move to 22p

There's nothing false about my Dawn, they're real don't you know!. Little gutter humour while we wait......

So, with 5kbopd since early 2017, why have we only received $30.8m, should that figure not be closer to $90m at an average of a very conservative $50 barrel. Nigeria, don't you just love the way business economics works.

Revenues of US$30.8 million, very low imo, maybe why the SP has not reacted well to the results. Nothing that sets the pulse racing in todays RNS

Probably due to massive spread, +12% Lesson in 'How to hide large transactions and influence PI's '

Deeko, bit of a change of tack since you stated " I think 65p is a serious joke", (as in undervalued.) Only change so far is erskine is temporary offline, otherwise cash will still be rolling in from BKR (backdated of course) from 1/1/18. Rhum issue still to be decided, but my guess is, as we are. What is key however to unlocking real value imo is R3. In the meantime still producing circa 17kboepd atm. Oh, not forgetting debt free. Gla

All the better for who controls possibly the worlds largest source of iron ore (currently 5th largest in the world) "The US is to impose tariffs on steel and aluminium imports from the European Union, Mexico and Canada." http://www.bbc.co.uk/news/world-us-canada-44320221

"I cannot think for 1 minute that Rhum and the BKR deal will not go ahead as this produces about 5% of the Uk's gas supply..." Now if you take into account R3, you could be looking at closer to 10%

Love this bit "To facilitate research and mining production, the Congolese head of state, Denis Sassou Nguesso, emphasized as a priority the construction of a railway line that will link the different mining production basins from the ore port of Pointe-Noire to Department of Sangha via the localities of Mayoko and Zanaga, in southern Congo."

Of a placing about this fall. Hope I'm wrong as we have no real reason for such a drastic fall over the last few sessions off 74p. Bounce needed today imo.

65.5p in sterling. Would be amazed if we didn't finish blue tomorrow.

Parkmead's CEO is Tom Cross founded Dana Petroleum, sold for $3bn In 2014, Parkmead conducted a site survey and the prospect is now drill ready. Within Skerryvore, there are stacked prospects at the Palaeocene and lower Cretaceous chalk level, with the former thought to be an extension of the Talbot field to the north. The deeper chalk prospect shows seismic similarities to the Cawdor discovery to the northeast. In the 2014, Gaffney Cline CPR, Skerryvore was estimated to have c66mmbbl of best gross resources with a c30% chance of success. (Think it might be 17e not 17h btw!)

So the RNS is saying, that the deal is still alive and being targeted for completion in Q3. So, "do the deal", I say, regardless of the sanctions. Why, the income from 1/1/18 until the 6 months Trumps wind-down is complete (Mid November) would give SQZ more than sufficient funds to pay BP �12.8m and leave excessive cash for banking. The deal is structured in such a way that the % over the next few years that BP get from production, if shut down would NIL, and the annual payments considerably reduced due to threshold production levels on Rhum not being met. More importantly keeps the gas in the ground for SQZ to extract latter at full value, with possibly 100% income to SQZ ( depending upon restart of Rhum if after 2021). Our all important reserves figure will still include Rhum, sanctions or not ! Don't forget, we will still have income from the other 2 fields in the deal and would be looking at least in excess of $50m in the bank imo. With Erskine back online, we could end 2018 with PRODUCTION at 8,000boepd, +$50m cash in hand, no debt and reserves of +50 mmboe that put us as the 3rd largest quoted NS independent. Now you see why the SP bounced well, real value here, regardless of sanctions. In one way sanctions would help the long-term value of the deal be in favour of SQZ. GLA

Can see the US Gov trying to use Rhum as a bargaining tool to 'bring' the UK onside with the sanctions. That's the way Trump works imo

"After we have completed the appraisal drilling and established initial production we plan to commence a further exploration programme that will target both the remaining potential in the Kelvin structure along with the deeper oil potential within the block. ..."

Ebola has been a 'runaway' since the mid 70's in central Africa Think , by the time the Zanaga Project is producing, we would have gone through several more Ebola outbreaks. None starter as far as risk goes in its effect on ZIOC future, imo.

I guess they didn't agree with the House of Representatives today .... I would hope the Senate sees sense before it's too late. Nigeria need to get their house in order, otherwise the O&G industry will implode, by default the country. Probably not before significant proceeds have be moved to Swiss accounts of course, aimo.

OK, which idiot dumped their shares at 4pm until close today. SP been building nicely for several days now and you decide to drop it 10% in 30 minutes for a few pennies gain .... (bang head on desk)

Kim Kardashian, maybe ?