Member Info for NicetoMichu

fine posts Brasso.. and agreed
(if production gets up to 2800-3000 BOEPD later in March.. and there's a decentish chance now it might... my guess is it would be communicated ..If it's not communicated then best assume its not gotten there imho

a ppc rns that surprised me in a good way for a change .. fair play to them . and I added two tranches of shares first thing

I'm hugely looking forward to a heavy duty RNS here this week that will - hopefully - see the beginning of a strong s/p uptrend here..
( the Voting Rights one today a false alarm / as useful as a water proof tea bag, granted )

To add to Lucky's and Andrew's posts below - which I fully agree with - in all the years I've been in this share, CB's offered timeframes have been -extraordinarily - consistently as much use as a waterproof - Yorkshire - tea bag.

That currently live Lekoil Otakikpo field should have just been the start for Lekoil by the way.. and in itself it's a decent start that could readily enough double output again from here.. (although I'd hugely hope the implementation project for the next phase is far from as big a cluster buck as original phases.. especially the project for the first 5k p/b barrels) .. It's the big offshore blocks licences - especially OPL325 - that Lekoil has part ownership of that could be hugely valuable here.. (some questionmarks over aspects of how ownership was gained of these by sundry partners from memory though).. and very deep pocketed partners would be required to develop them .. etc.. so save could even end up investing big in developing these in time ..potentially /maybe.. or maybe not either of course, and the relationship may be just a minor passing one.. who knows..

i like this a lot.. I used be a Lekoil shareholder but ran away a long time ago.. the field rights they potentially /maybe /kinda have access too via Afren mess back in the day could be huge.. but 'it's complicated'... and Lekoil very messed up currently, not least via the last Lekoil CEO's actions... Save.l having the relationships they have on high in Nigeria could be very beneficial here... and it's a peanuts investment whatever ( to start with at least, field development, if that chance is actually fully realised.. would require large investment, one way or other, of course )

fair play for being smart enough not to mention which year end for the 89p in that post Agadem :-)
(if this s/p was to slowly / gently /consistently progress on up and be at 89p in 2025 for eg, then that would work very nicely for me, for one..)

good post goalftmasa..and i'm with you on that..
and i've done another top up just now in early 9's for completeness !

''So while it’s painful and boring folks, I’m sure this will all be worth it. I’ve been waiting for 6/7 years so another 1 won’t make much difference although the wait is not an enjoyable one!''

I'd go with another 2 to 3 instead of 1 year Agadem.. if AK continues to acquire like his strategy outlines, that is..

All these acquisitions need funding/completing and the overall business be seen to deliver what he says it will for a period time and accumulated debt needs to be paid down strongly/quickly too.. dividends take a huge back seat while all this is happening so are academic here to me in that 2 to 3 year window btw.... and share buying may easily be curbed while Investors just wait and see that AK can manage all these acquisitions effectively and deliver as he said he would ..etc..

Generally, I really hope that 2022 is this is his last year of meaningful acquisition by AK... as this s/p might easily be dragged up kicking and screaming only against such an ongoing acquisition backdrop imho.... (even including another 500 brilliant fundametals analysis posts from Zengas explaining what this s/p could/should/would be ....ps fundamentals that might have driven s/p's such as this 5 to 10 years ago might be very different to the fundamentals that drive s/p such as this in the 2020's; ie in a World that is in the early stages of a green revolution )

indeed just did a top up in 8's p... and for completeness would do one in 9's too.. if/when this goes there..

fair play to those who said this was going to rally strongly soon not too long ago.. and happy I kinda doubled down when i did .. and much upside to come here still I hope/ expect.. indeed I'm half tempted to add a little more at sub 10p even ..

i nearly added some at that price both yesterday and today Drichi.. coundn't bring myself to pull the trigger though either time.. indeed both times I put the money into Zenith instead.. which is a pure punt on what has been about as big a dog as this over the years.. and me putting that money into that dog instead of this dog - a small(ish) part of my overall pot is for all time dogs.. as dogs have their day sometimes too .. 2021 eg Rose becoming Zephyr ..and I did great, thanks very much- is a shocker of all time proportions in my mind.. But I really hope for the long suffering here that PL can, for once, deliver the production numbers he has targeted and spent so heavily on.. and this s/p would rally well then.. it just seems so hard for ppc.l to deliver to plan here, sadly.. (and PL is spending the money at least and in fairness.. but it's plenty more complicated than that, clearly and alas)

A trail around Kellsbells post has just been removed, I think.. that's disappointing/unfair imho.. (While I think his post was a bit over the top, there is no doubt that there was some merit in it.. and while there is some merit in the bulls posts generally here too, they have over egged much for ages here and disregared too many negatives continually here too and none of their posts seem to get removed)

Also sad to me that almost nobody is buying here even at around .80's p around now.. almost nobody apart from me around now, actually.. Indeed I keep asking mysef am I the only one buying here this week - most every one of my buys appear as sells by the way as you can buy small at .81p ish in a bid offer of .80-.85p -.. and that's close to literally true.. for AIM trades showing here at least..as i've bought at least one tranche 3 days this week.. It's pure punting on my part though and I'm hoping I get lucky this time round.. I certainly haven't previous times around, alas...

What constitutes poor or decent or good.. etc.. for grades here is plenty subjective.. especially with the scale of the tonnage open pit mineable as another part of the equation...(and how deep and wide an open pit mine here might be.. and the fact that Ascot sits alongside Racecourse too .... and some broader location related inputs too .. etc ..)

Generally, as time passes with little/no assays feedback here, my guess moves more strongly towards a view that the assays results that CB has back so far are somewhat shy of what he was expecting but are stil 'decent' on the scheme of other model inputs things .. but CB is concerned that the market 'won't get it' in seeing thesse assay results on their own and hence his slowness in feeding them back so far..

Imho

bringing back Louisana production in whatever shape or form they can manage soon would be all the more useful so..

Gold is a flight to safety asset.. and this is in a super safe juristiction .. with an excellent recently updated MRE delivering, on top of an already good base number, hundreds of thousands more gold onces proven up over the last year plus.. and potential for huge more to come too.. and some excellent battery metals assets proven up previously here too, even if I felt that an asset sale was unlikely here in 2022 - and I felt it was unlikely then and still do now.. but great if i'm wrong.. etc - if you asked me a year ago to guess what this s/p would be around now, including all the afore.. I'd have said mid to late 40's p readily.. ...ouch and oh well.. (and, again, apols to anyone who listened to me bigging this up then on a few other BB's)

I've always thought AC had a touch of the Derek Trotter about him ..so in response to the Moses posts today I offer : this time next month Rodders.. you know it makes sense !

PS; I did actually add some more back here today.. as MGS and a few others posting here - eg Florida--absolutely deserve a break here at this stage.. and I'm hoping it happens and soon.. and if it does I'd like to be decently in that action too..

good shout symbo.. but you could spin this another way too if you wanted to be a bit more creative : if Russian O&G companies are black balled across the Western World for a while, they may take that opportunity to focus harder on progressing their african interests in 2022..?!!

time to tip my cap to Komakino .. after this latest holdings RNS.... i think...

The up and down movements in this share price are rarely boring, in fairness.. Obviously this recent punchy pull back a pity though.. .. but it's often the way of things in such illiquid shares that a good rally then sees a punchy pullback.... to then push back on up again.. hopefully.. and hopefuly towards higher highs... etc..

(I've got the guts of 10k gbp in this now so thats my lot for at least a good while, I expect... and while my buying in 6's and 7's pushed my average up a bit, it was from just under a 5p average after the first 5k gbp was incrementally bought a while back.. so no worries there, I think..)