Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Morning Mike,
When you have time it would be nice to know your thoughts on the update .
Many Thanks
OM
Morning Soup,
This will be a mid drill well. Therefore it should be drilling to around 5000-7000ft as that's around mid drill . 11000-13000ft is classed as a deep drill or further.
Leo
Said to Andrew it would be somewhere in between
When asked about deep drilling.
It will
Intersect 3 different zones potential pays. I think if we do hot oil in those then it will produce more than 100bopd as you stated.
Aimhobwtfdik
Morning LGO ,
Because even a shallower well will intersect Herrera zone and this could produce 500-1500 bopd .
We will be intersecting 3 different zones on this drill so ask yourself what if each zone hits oil ?
Then also if the readings are indicative of API projecting from deeper zones.
We are only producing 600bopd so if we double or more than double that from one drill then I'd bank that.
At the moment I nor anyone know what's in there but signs are good due to TT topology and other legacy wells drilled in the region.
HI Pmts
Spot on. I was having the very same thoughts as you . It didn't seem quite right the way things were done .
It really felt like an announcement was imminent and the fact about tweeting flying to another country as if it was a sweetener for an announcement teeser that fell flat , and maybe for the reasons you mention.
The good thing is though that they passed the tender .
It's all on track still for transformational 2019 albeit with a slight slippage in the timetable.
We will be able to judge a lot more by the end of 2019.
I have often said let's see come end 2019.
Swp should be drilled by then .
Cheers Phil for correction .
Got confused there . That comes with only 2 3/4hrs sleep last night. :-0
Hi Peter if you could also update the holdings list. When I spoke to Leo he had 10 million as of October last year. So I worked out based on his 50% paid in shares he should have around Aprox
Leo 10 750 000 .
Could you also update my holdings as well please.
1, 322, 471
Thank you .
Hi Peter
I know of two
Investors who have 15 million between them but I won't be naming them as haven't been given permission.
Forget my last message
I found another way . All fine
Transaction pending .
Morning all,
Does anyone know how to bed and isa with h-L mobile app or website ?
I have done this before but this time the small bed icon next to the stock doesn't exist and yet this is what h-l day I need to do on their website is to simply click the bed icon .
I can't do this s it isn't there .
Been trying for last30mins to find a way .
Any help appreciated . OM
I have 458782 to sell on Monday .
But broker will buy straight back for last of monies to transfer bed to Isa to top
I have a feeling there will be a very heavy day of shares going through Monday for a few days from many doing the same combined with folk taking trade positions for positive RNS then some bailing out for the trade.
Order will go in Saturday as advised online and they said not guaranteed for Monday but hopefully will.
Market activity should be great for this coming week .
Have nice weekend all.
hxxps://www.*************.com/home?epic=CERP
https://www.*************.com/home?epic=CERP
Good afternoon all ,
Yesterday's rise was probably caused by a tip in share prophets by way of Pap.
Columbus Energy Resources – CO₂ pilot project progress, “the potential to transform oil and gas operations�?
By HotStockRockets
Columbus Energy Resources (CERP) has updated on a CO₂ enhanced oil recovery pilot project on its operated Inniss-Trinity IPSC – described as “has the potential to transform oil & gas operations in the Inniss-Trinity field and in similar fields in Trinidad�…
23 hours ago
How would you finance future
Chief Financial Officer
2017 was a year of significant change for the Company; what were some of the
Over the past 15 years, I have raised almost US$2 billion of funds in numerous transactions to finance companies I have worked for as CFO. These included many innovative funding structures which have added value for our shareholders. The leadership team has similar experience and, together, we have been laying the groundwork with various funding bodies to be able to access funds which may be required to support future growth opportunities. We have committed that any new funds will be accretive for our shareholders; that is, any equity or other form of funding to support growth opportunities needs to be clearly seen to increase shareholder value, not reduce that value through dilutive fundraising.
Good morning Wraith
O/T
,
Are used to be in PV are right from the £1.30 days which at that time seemed cheap considering they were as high as £9 Strange thing is nothing has actually changed in all those years since the takeover offer at 9 pounds was rejected by TOR. They still have their 350 million barrels of oil in the ground discovery recoverable .
They did have some dilution I kept averaging down and eventually bailed out of the huge amount I have to put it into LGO LOL and the rest is history with what happened next a further 90% dution for me .
I had just a couple of thousand pounds which I decided to keep but put into LOGP instead because while PVR I have more licenses and LOGP rely solely on Barryrow which recently was farmed out to the Chinese .
And those drills taking place this year to discover more .
LOGP will have a significant rise 4 bagger or more come the end of the year from current position on any successful upgrade .
Hi Daz, That's fair enough about challenging his views I can't see any of his all the other trolls posts as all they seem to want is failure for the likes of myself and they probably have their own paid agendas so they're just doing their jobs more than likely . There is nothing wrong with asking questions even if all not positive but when they are relentless for months and months on end without even being invested or having any interest apart from for the company to fail I never want to lose their investment then I have no interest in engaging with these people .
Hi LGO you could be right it could be much less be bOPD I could be completely wrong it could be far less but why not a good real result could yield good output I just don't know the answer to that .
Time will tell .
Hi Daz,
The drill to come will intercept the Herrera zone and of it comes off could produce 1500bopd or more on its own. It will give good indications of the topology. This is not the deep drill as that is to happen ( at the time stated was 18-24 months time , that was end of last year).
So roughly deep drill will be 15-16 months away ?
Even though the upcoming June/July drill will not be targeting the deep zone any success will still be incredibly transformational as it will be another zone of oil could be good amounts and quality as well .
And oil find will add significant value to the company and give us a heck of a lot more ammunition moving forward .
It will be transformational to the current share price that's for sure if there is any discovery made in the mid zone in summer .
Nobody knows for sure how much or if there will be discovery but the chances are pretty high due to the nature of the area and oil virtually coming out of the ground itself in many areas .
Correction
2.4p was as high as 2.6 p 41% rise on 2.4p
All based on nothing .
My point is just shows how shares and really shift in a day on no news.
I have seen CERP move a penny in a day and more.
When news breaks here of M&A providing its big and a great deal watch this rise
but imagine if on our first SWP drill we hit the motherload .
Imagine our rises on a daily basis and after affect too as news sinks in.
Morning
I see BPC are at it again , huge rise today.
Bahamas Petrol Company Financial Information
Prev. Close 1.75 CURRENT 2.2 25% rise on the day.
Market Cap. 29.10M
Shares In Issue 1,572.72M
PE Ratio -
Dividend Yield - %
EPS – basic -0.18
NO PRODUCTION , only holding licence . Yes to potentially massive find .
CERP has that as well but with producing money making licences and big plans.
Yes the roads and jurisdiction was easier for them.