Member Info for panamabob

That in effect was in what I was implying. Actually the Wonga Seller is your friend if you are intent on getting in at a low level. Tomorrow at 8 am is sure to be crazy. Better be quick

With between 1 and 2 Billion shares churned most days lately, the seller must indeed be more or less gone.
That's what everyone is waiting for -----then you won't get a quote for love nor money

He must know NNPC is responsible be for many of the countrys5 ills, yet he continued to treat them wíth kid gloves. For goodness sake get the PIB sorted. Its5 time Nigeria got a grip

Makes you wonder how much real influence Pres Buhari wields.

You didn't see Pump and Dump. There was huge Buying counterbalanced by Selling by the Wonga Placee shares. The churn has been in the billions and must be close to being done. The general anticipation is that BOIL will explode when the Wongas are finally flushed out.
The excitement is such that most expect the rocketship will take off tomorrow

S

So 7p might be reasonable

So reading between the lines I get the feeling that something around 700 mill might tempt you. But even at that level it would be cheap

HFB. What would you consider an acceptable M/C?

That's just one opinion.
This is now viral and totally in plain sight. All the Majors will be well aware of the size and potential of the asset. The compelling expectation is that a bidding war will be triggered and well6 be taken out for a very large sum

Indeed we have. But at only .24 p might just dip my little toe in. Just for interest

Well I think we know how the world works. Why now? Because they have reliable info that the resource is about to be progressed one way or the other, so they took the gamble of their Professional lives to go Full In on those Licences.
Is that how others see it?

Me too . Packed up smoking 20 yes ago. Diabetes.Do not miss them at all.

Shaa. Noticed somebody mentioned BZT earlier. Up 20 p cent Friday. Copper and Gold in Zambia. Seems the world is running out of Copper reserves. Not saying anything one way or the other but might be worth looking in to. Thoughts ?

So a rough calc for us would be around 5.5p.
I'll be be happy with that. Lol

It's obviously a bit complicated HFB, but is it possible to have a stab at calculating the value of the TOTAL RESOURCE available to BOIL as M/C?

H FB quoted the Chuditch resource to be close to 8TCF gas. perhaps someone more adept than me can translate our net share into a M/C and hence a projected SP. That given the number of shares remains the same together with Gas prices.

It seems logical that if Pres Buhari needs oil then he simply cannot afford to ignore OPL 226. It is such a vast resource that it would be foolish in the extreme not to get this approved ASAP

Shaa. Essar are said to still be extremely keen to go ahead with OPL 226,so we can assume the agreement will be renewed.

This is Money carries a lot of clout.

Well it does feel like a COPL transplant. Lol