Member Info for pawnsacrifice

Says something that we'd all take the word of a fellow unknown poster on the bb here over that of TW or Dan. maybe a lesson for them to learn somewhere here but bet they don't.

Thanks strongman, appreciated.

"confirmed by the director"? Think we'll need more if you've got it?

You might be right RRP does look a tad overbought short term but its also setting up nicely for a real golden cross next couple of days (advfn charts) so perhaps going to be interesting here for a while.

I'm not uncertain! I've never been so certain! Certainly expecting £3 by Christmas of that I'm certain!!

still drilling Namibia next Q too. Wonder if they'll be doing it alone though?

You sound just like one of the old silver bulls Groucho. They ignored charts and many are still waiting on $50 silver for their losses back.
You even have the same reasons for crypto's to rise as they did for precious metals. Just a shame the bankers set the prices not us plebs.

That'd be good. Not sure on the "next bull run" being any time soon with cryptos myself. With IG BTC it looks to be in a descending triangle started c. Jan 23rd and nearly played out. needs to break just above 7200 on any upward move from here and hold 5800 to the downside. Expecting a downside break but happy for holders here to be wrong.

Could be. Beginning to wonder if the btc will ever pass the 200dsma again. Acting like silver did after its spike. Peeps still believe thats going to $900 several years down the line.
can see why the 16p investors/floaties would be frustrated here.

You should take the time to read other peeps posts viera. Dan answered that for you at 7.30. Genesis sounds to have an awful offering.

Thats not a hammer lejib its a long white candle. Would be bullish if it closes at the top of the days trading all the same esp if it crawls back into the previous trading range but still not a hammer.

Might have a week or two of opportunities though. Noticed the sp stalled out at May's low. Needs to take that out in order to get back in the previous pattern or it'll fall away again imo. This is aim and 89 days after a cockup like this is an eternity.

If they want the 20 year licence thy better get a bit more successful imo..

New licence

We have worked carefully on the process for a new licence for the Tilapia field and received the welcome news in February that the state oil company, SNPC, has recommended that PK be granted a 20-year extension. This recommendation is now going through the Congolese regulatory and administrative processes. We have recently received assurances that our work on TLP-103 is of critical importance to the finalisation of this process.

John AAOG didn't say they were covered by insurance they said they were potentially covered. Small difference I know but an important one imo.

managed a few at 8p. As said difficult to get stock and nothing offered at the 7.8p well maybe 10k shares.

Wasn't that from a time when they thought this one may not be available though? Wouldn't have thought they'd be lining another rig up in case their first choice broke down on them. That doesn't sound like industry standard practice and my point still stands they wouldn't be able to physically achieve all that in a fortnight. Being the sole financier of the drill they'd likely have to raise first anyway wouldn't they?

Would hope they don't have to "bring another rig into the Congo." With the best will in the world it would be hard to believe they could move this one and deliver/set up another in a matter of a few weeks.

i read on twitter it was just the kettle that bust. They flew in an expert and panic over, he sourced another one in country.

Guess the next RNS is going to be keenly looked for. Hopefully just a storm in a teacup and their expert sorts it quick.

From their recent no's can be seen they need 500BPD for breakeven NOT todays 38BPD. lol

1. Low cost - the Company's budgeted break-even cost of production at 5,300 bopd is less than US$5 per barrel and, at an oil price of US$35 per barrel, it can be profitable at approximately 500 bopd. The financial models produced by the directors, and, in particular, the low and flexible cost base that allows the Company to be break even at production levels lower than 500 bopd, provide evidence that the Company can withstand low oil prices even at modest rates of production.