Member Info for oilmanmike

Asher has already ruled this out as it would lead to dilution for shareholders.
He obviously does not want his 27% diluted. At 1p the extra retention in Cameroon
to make up the £12m would offset the increase in shares but this ignores SA and Namibia
Basically he said that the disconnect between sp and value is so large that he prefers to
farm out 49% to fund the well. The project economics are very compelling and rubust to
around $35 POI. Have a look at the Envoi flyer sheet for the Cameroon it is most informative
as to where JA thinks this is going. Regards.

I am confident that with a 27% stake JA is on the case and we will
hear soon enough. When we do you will not see this for dust, of that
all are agreed. Until then we wait. When Investigator finally leaved
the action will start IMO.
My reasoning is that the farm in partners will need to know that the
survey has confirmed the drill costs are as assumed and that there
is no need for additional work before the rig can be positioned.
That IMO is what the farm out deal is currently hung up on.
In these situations it is normally best to hold and if you can buy the dips.
Dont forget it is a very poor market environment currently an profits
are profits and if you need the money. Well .......

won't work here bear.
best start accumulating
carefully at current levels
imo. Tower will retain 51%
of Thali. No equity below 1p

Marmite so now we are getting somewhere.
What you guys are saying is for Namcor read
Exxon.
So if they did shoot in the blocks Jim mentioned
then I agree it is very significant for both juniors
to have attracted such a partner!

Jim perhaps less of the Lunatic and medication comments might
help matters. Not saying you are wrong but PGS are being funded
by Namcor currently. Obviously Exxon will buy the data and if as you
say the current activity has included lines across TRP and GBP blocks
then either TRP/GBP or ultimately Exxon will pay for that. It all depends
on just how far the discussions have got.
Well aware of the 2 Peters and their history in the oil game.
Used to manage a portion of the Dana Pension fund back in the day.
Perhaps if you confirm you have seen them running lines in TRP/GBP
blocks rather than passing through it will add weight to the case
that we will hear sooner than people think on Namibian farm out.

No announcement is required by ASX as the reason for the rise is obvious.
Mutli Client ie more than one
Namcor and PGS themselves. They are planning to sell the info on.
Read the Namcor detail on the current acquisition Jim rather than
make wild assumptions and still stick with them once proven to be
wide of the mark. Yes you had a monopoly in ship watching for a while
well done but you need to be able to factor in changes in view when
necessary. Both stocks will do well when farm out news drops just a question
of time really.

Jim it says on the link I sent you the client is PGS/Namcor
can you explain. other than the fact that Exxon have the largest
share in the area currently being surveyed, how this demonstrates
the Major is in fact Exxon as your posting here and on ADVFN suggests.
As regards medication given your lonely posting history on HotCopper
in the middle of the nightI would suggest you need some.

Suppose if something broke it might take a while to get spares.
Agree the fact the boat is just waiting implies something has to
happen before it can complete the Full survey.
The thing I keep thinking about is Cameroon Farm Out deal.

Movement dockside.
Will report any developments
provided not another false alarm

read carefully Jim. Dosn`t cover W.Deep or anywhere near it.
Perhaps they will not add it on at the end.
https://www.pgs.com/data-library/africa/africa2/angola--namibia/mc3d-nam-2019/
Yes GBP put this into farmout mode a year ago and I suspect that the crossover with
PT initiated the approach to TRP

Jim try this on for size.
seems to infer PGS multi client
survey currently under acquisition
is actually being paid for by Namco
and PGS. Obviously Namco can shoot
3d wherever they want.

try and keep it civil jimmy.
If the PGS vessels fail to make
it over the the W Deep site in the
next week or two then this will drop
to back to where it was before you
ramped it up on HotCopper talking to
yourself for almost a week while no GBP
shares traded. And you are calling me a
tune. get real

No problem with TRP Namibian assets. They have just as much potential as GBP
on a relative basis. BBls recoverable relative to market cap the have around the
same leverage to Namibia offshore. TRP have two additional safety nets in the form
of Cameroon and South Africa, so they are no one trick pony.
Regarding having confidence in the stocks one owns then continual posting to yourself
over on HotCopper hardly shows any!!

Jim your 100% increase is a false hope.
The move of up 100% was a catch up from
2c(1p) to 4c(2p).
The first time you posted re the 100% up
I filled you in with the whys and where`s
of the move. Now even though you are aware
of the facts you still choose to highlight this
when in my view it is a non event.
If you want a sensible discussion about why
folk should hold both GBP & TRP I am over
at the TRP BB.

yes up 100% to 4c or approx 2p. this hasn't traded for a whole week.
Looks like a catch up for a very illiquid stock to me!

easy enough to figure out today.
Buys 4 v 1 sells in nearer the truth.
MM want folk to steer clear of this one.

same old same old MM games.
they moved the spread to make most
of todays trades seem as sells when they
are in fact buys. its just a question on time
before the next good news drops here then
as I suggested before 1p first stop.

motoring today.
Got to be on the back of
Exxon farming in to Namibia blocks
it will not be long before TRP follows.

No worries was referring to the Sept placing in which Asher took £700,000 on his PA (personal account)

Asher and Taylor are the two players in the oil industry who know Namibia best.
They spent the last three years building significant positions in their companies
which in turn have significant premium acreage. PT is convinced Repsol dill not
drill deep enough and that the oil lies deeper down. Looks like they have gotten
Exxon interested enough to fund new 3d.
PAYDAY soon hence small placing to let Asher in.
All My own opinion but if correct will see this lift off before the news of Namibia
deal.