Member Info for OAPK20

If the EU court gets its finger out. Believe this is about 35km from GBP licences.

Italian oil company Eni, with its Russian partner Novatek, is gearing up to start drilling operations offshore Montenegro.

The rig is expected to begin the drilling operation by March 25, 2021.

It is planned that the drilling of the first exploration well, which is located 28 km from the shore, will last between 120 and 180 days, and that by the end of 2021 it will be known whether there are commercial hydrocarbon deposits at the site.

Theres no substitute for silver " AND they like Gold too. On 12th March First Majestic reached agreement with Sprott Mining too acquire all of the issued and outstanding common shares of Jerritt Canyon Canada limited from Sprott.

Jerritt Canyon owns and operates the Jerritt Canyon Gold Mine in Elko County Nevada.

They have taken 3.2% of CNR for a mill which fast tracks CNR to production.

Who else reckons they are looking at a TO if initial production is Good.

Jerry Canyon Gold mine has been producing since 1981 producing 9.5 million ounces in the last 40 years. The purchase value is circa $500 million. ($470 million in shares in First Majestic)

What value would they place on CNR new producing mine.

Theres no substitute for silver " AND they like Gold too. On 12th March First Majestic reached agreement with Sprott Mining too acquire all of the issued and outstanding common shares of Jerritt Canyon Canada limited from Sprott.

Jerritt Canyon owns and operates the Jerritt Canyon Gold Mine in Elko County Nevada.

They have taken 3.2% of CNR for a mill which fast tracks CNR to production.

Who else reckons they are looking at a TO if initial production is Good.

Jerry Canyon Gold mine has been producing since 1981 producing 9.5 million ounces in the last 40 years. The purchase value is circa $500 million. ($470 million in shares in First Majestic)

What value would they place on CNR new producing mine.

Nothing news wise. Data room maybe be open but who, if anyone is in it. Shocking comms

Seems like you invested in a pump and dump for warrants. Pays your money takes your chances.
No RTO then fund raise coming or delisting.

Sounds good.

Initial Drill Result: 9.6 m True Width at 3.98 g/t gold From Surface and Discovery of an Additional Vein of 2.27 m True Width at 3.0 g/t gold from 24.15 m drill depth in the footwall

Wait and see

Over the next 12-18 months we plan to deliver the financing to execute our exploration strategy, upgrade our Exploration Target to JORC compliant resources, and complete a technical study on a modular development initially targeting 5,000 tonnes per annum of rare earth concentrate.

How long does a farm in process usually take ?

What was the SP at time of the trades yesterday ? Are they Mid ? Would be good if confirmed buys

This will head for 40 - 50p for JORC

Warrants pumped and dumped

From little acorns...

So first sub period was extended. So as long as work commitments met by September 2021 they enter the second sub period of licence until 2023. Is this correct ? Just there are a lot of OST’s saying they relinquish September.

Under the terms of the Petroleum Agreement for PEL0094 signed in September 2018, the four year Initial Exploration Period was split into two sub-periods of two years each, with the first sub-period ending in September 2020. The amendment to PEL0094 agreed by the Ministry gives Global a further year to fulfil a modified work commitment, after which Global may elect to enter the next licence sub-period in September 2021.

Boxerdogz posted on another site

comedy26 Feb '21 - 09:44 - 166 of 168
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Well seems like he is buying more? Why?

Because I can

RECO - could have a knock on effect if they make discovery onshore.

With the completion of the intermediate casing operation, the Company will recommence drilling to the planned depth of 12,500', with the objective of reaching total depth (TD) before the end of March. The data collection and analysis described above will continue to TD, with the addition of taking whole cores over key intervals.

A lesson to all in pumping and dumping warrants in a shell.

DYOR

Guessing they don't want $33mill for a duster.
10/02/2021 5:01am - PR Newswire (Canada)
Warrant Acceleration May Result in Gross Proceeds to The Company of Up to $33 Million, Including Previously Exercised Listed Warrants.
VANCOUVER, BC, Feb. 10, 2021 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces it has elected to accelerate the expiry date of the common share purchase warrants issued on August 20, 2020 (the "Warrants") under the warrant indenture between Computershare Trust Company of Canada (the "Warrant Agent") and the Company dated August 20, 2020.

Interesting that TSXV: RECO have accelerated the expiry date of their common share purchase warrants. Wonder if this is in anticipation of the drill results in the Kavango Basin.

It’ll be interesting to see what a positive result in an onshore drill has on GBP.

Risk - this is just a pump and dump for warrant holders to sell their warrant shares to PI’s before the deadline is reached

Reward - there is an RTO coming.