Member Info for Phil_2018

This share should be going through the roof. Even allowing for traders profit taking on the recent small rise it seems to me below what it should be. This was the sort of news people were hoping for back in May when the share price was around .5 - .6 per share. We now have it confirmed that there has been consistency from the wells and 2 Industry Majors seem to be interested enough to strike a deal presumably for a big expansion in wells to get the oil out quicker as there is from what it seems a lot down there.

My only thoughts is that this share price will only ramp up significantly once a deal is announced on the right terms or a possible takeover offer at a decent price. I'm guessing that the testing was 60 days from around mid may then another 60 days from around min July to include the extra drilling to the new level. The 90 days (60 + 30 days for the extra level) that was touted never really made much sense to me as to be sure of concrete results. I'm assuming these Majors would have probably insisted on at least the whole lot for another 60 day period. So that being up around mid September or so. So perhaps some time after that.

Possibly but if good revenue is not coming in I see little point them giving YA money from existing funds when they could be giving them shares that would end up pretty worthless without revenue coming in, it would be wasting financial resources it could later use. To my mind it only makes sense paying YA money rather than shares if the outlook is continuing revenue looks assured. I don't see this Zaza guy as the type who looks to play games, it looks like by his share buying that he is invested as much as any of us and only looks set to lose with the rest of us if it was all just a lot of game play. In which case I don't see the rationale for him to invest to the extent he has done so.

Evening all, I am new here but been invested in this stock since April of this year. It has indeed been frustrating waiting for this stock to come to fruition. That said I belive it will do. The fact that this Zaza guy hasn't sold out his stock and seems to me from his podcast to be a straight up serious guy suggests to me it has some go in it. Some people I have seen on here say he is charismatic, I don't see that, he can probably do a press conference or shareholder meet well enough. For me though a straight up serious guy is more important than a flashy guy that would try and pull the wool over investors. I don't think he would try to do that, after all he is a big investor himself in this company and one that is presently losing out until undeniably good results come out. I'm not sure what the hold up is here, I think this week he should either publish the expected results from the wells we are expecting T45, etc or explain why there is the delay and when we can expect the results. The static silence of late is helping no one. I have recently bought a few more shares at the lower rate but I'm now no longer able to stump up any more capital. I don't see that it is in Zaza's benefit to hold back bad news as it would have to come out some time. I don't think there is any bad news since they are paying out YA which would be undoable and pointless if flow rates had dropped significantly. Yet I still find it a pain that FRR has not been more forth coming with expected well results. It really should release a statement on the present situation by now. I am also dubious as to its approach with the Niko well. I consider it to be bad practice to sell out 30 percent of revenue to a hedge fund unless it is really unsure of any successful result from this well. I think the use of the old Soviet pipeline is a poor marker to go by. I feel it would be better to raise a commercial loan to fund this well drill proper. After all the value to a big buy out from one of the big petroleum companies is in them having a big a share of the oil reserves as possible in spite of it being one well in the oil field. I definately see a full buy out from the big petrolelum companies as the way to go on this share. A bidding war between the big petroleum companies would be ideal. After all there are massive reserves available in this oil field due to fracking technology. Which is why I doubt there has been any substantial drop off in flow rate. If there is plenty down there then plenty to suck up. I don't see much point in a JV or buy out of the field it's better to put the whole company out for buy up from the big oil companies. That is where are prospects lie for a decent pay day from this company, Zaza included.