Member Info for Phoebus

Same here Chris. Can't get my limit buy order filled either.

Exactly. Looks like some stale bull PI using the Sheikh RNS to get out. Probably what's been holding us back. Won't be surprised if we see further holdings RNS statements very soon to show other investors have come on board as per MXO/ADME.

tomorrow morning? Would be three trading days post RNS. Same happened with MXO/ADME.

Crude up almost 2% since Friday. TLW tends to follow that.

??

Numpty.

£2K on quote and deal, but can sell my entire holding in one go. Bullish.

.

Been on the watchlist for ages on account of its huge coal project, but no point investing until the market takes notice and gets interested. Yesterday's RNS lit the touch paper. Expecting a huge surge in liquidity. Time to take a position IMO.

is probably the most significant economic and geopolitical project in decades striving to integrate much of Eurasia through a huge number of infastruture and resource projects yet most Brits have probably never even heard of it.

https://en.wikipedia.org/wiki/Belt_and_Road_Initiative

Pakistan is a major player in all this particularly with regards to resource projects and this channels directly into ORCP's coal project. More information on the China–Pakistan Economic Corridor component of the Belt and Road Initiative can be found here:

https://en.wikipedia.org/wiki/China%E2%80%93Pakistan_Economic_Corridor

This is development on an unprecedented scale.

PET done much the same thing with a different investor. Gone from 1p to 26p!

And a £10K purchase.

Took MXO 2-3 weeks to make it's move. Strong feeling that anyone buying today will be richly rewarded. Parallels here are too strong IMO.

Same Sheikh has just taken a big stake in ORCP. Looks like a copy cat of the MXO/ADME event. Set for another x10 bagger?

Zebbo, as far as I can see you never stated that 3.5% sulphur could not be refined. You actually stated, 'Very few refineries can process crude with more than 3.5% sulpher. The cost to refine 3.5 adds around 20% of cost. Hence this find may not be economically viable.' This actually implies that it can be refined, but only by refineries equiped to do so. The sulphur makes the oil corrosive and higher concentrations of sulphur will surely make the oil more corrosive. Corrosion damages infastructure which costs money, so surely the more corrosive the oil, the greater the corrosion, the higher the cost to process the oil and the lower the value of the field.

The interim statements are FACT. The net current asset position is also FACT.

CLON's net current asset possition is approximately MINUS £850K! £0.434M [current assets] - £1.187M [current liabilities] - £0.103M [5 months admin expenses] = minus £0.856M. CLON appears to be effectively bust.

https://investegate.co.uk/clontarf-energy-plc--clon-/rns/interim-statement-for-period-ended-30-june-2019/201909200700040238N/

There is nothing worth buying.

Something doesn't smell right about this.

Try the £22mm Junior Facility that has already been issued to cover this drilling programme.