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Great news. With rare earth prices contining to soar ANR is a tremendous buy at this microscopic market cap if you can get any stock. GLA

Great news. With rare earth prices contining to soar ANR is a tremendous buy at this microscopic market cap if you can get any stock. GLA

Irrelevant Car3y. Filtered.

Major oil discovery offshore Cornwall and punters pile into early stage explorer with licence offshore Lisbon. Keep it in perspective.

1000 km+ away is not next door.

Shell's Graff-1 well is 1000 km plus from GBP's acreage and it isn't in the same geological basin or even the one adjacent to it. In fact, you could fit the entire North Sea in between. That said, this is good news for Namibia which will see more interest as a result. However, given the immense distance from GBP's acreage and the different geological setting I would be cautious of over egging it at this stage. GLA

Shell's Graff-1 well is 1000 km plus from GBP's acreage and it isn't in the same geological basin or even the one adjacent to it. In fact, you could fit the entire North Sea in between. That said, this is good news for Namibia which will see more interest as a result. However, given the immense distance from GBP's acreage and the different geological setting I would be cautious of over egging it at this stage. GLA

How far is GBP's acreage from Graff-1?

7 on the ask at 28p, so perhaps a wee breather for now.

https://oilnow.gy/featured/explorer-believes-eastern-portion-of-orinduik-block-can-deliver-significant-volumes/

Thanks Vike. Where did you see that?

The SP was higher at one point on the day of ECO's COVID crash low last year. Other than that this is the lowest the SP has been since the start of 2017 when only one discovery had been made on Stabroek. Farcical.

Up to 12 wells on Canje from Jan 2022, which equates to roughly one well every 3 months. Fangtooth results near Orinduik within the next 2-3 weeks followed by Orinduik drill plans and farm out. Guyana-Suriname basin continuing to go from strength to strength, yet you would never guess from the utterly ridiculous SP action here. Sometimes I wonder why I bother to make any posts or do any research whatsoever.

Hit same price as on July 7. Idiotic.

Sorry, but what the F is wrong with this stock? Drill is absolutely massive compared to market cap and CHAR is way cheaper than other drillers on a BOE to mark cap basis despite having a really great overall COS. Some appraisal with plenty of additional upside. The SP action here is beyond ridiculous.

Given crypto market history I would expect a bear market to start within the next 1-3 months as the current BTC halving cycle comes to an end. However, this is by no means guaranteed and given the greater mainstream adoption, increasing importance of other cryptos and current macro situation it may not be as deep as previous bear markets.

In the next cycle crypto miners like ARB should be up against stiffer competition and will have to spend big just to maintain their shares of the ever increasing hashrate, so I reckon there is a chance their prices will be little different in the next cycle to this one. KR1 on the other hand is actually crypto and given I expect alts to be higher in the next cycle I would expect a corresponding uplift in KR1's SP. It could be significant, but who knows.

On the other hand, alts also tend to significantly under perform BTC during crypto bear markets, so I would expect a major retrenchment in KR1 should we indeed enter a bear market. Whilst it's great to HODL, four years is a long time to hold whilst missing the myriad of investment opportunities elsewhere, so the key to investing in KR1 as far as I'm concerned is making sure you're not in should we enter a bear market. Not the easiest thing to manage when the upside and downside are potentially very significant and Aquis liquidity makes managing a large position quite tricky.

I'm sure some of you have very different strategies and viewpoints, and it would be good to get some other perspectives on this. Perhaps our conveyor belt of seed capital investments and DOT lock-ins will provide significant gearing to mitigate downside risk, but the strength of the crypto bear market singularity has been mighty strong in the past, so I remain cautious.

Best of luck all and hope we remain on the right side of this.

Given crypto market history I would expect a bear market to start within the next 1-3 months as the current BTC halving cycle comes to an end. However, this is by no means guaranteed and given the greater mainstream adoption, increasing importance of other cryptos and current macro situation it may not be as deep as previous bear markets.

In the next cycle crypto miners like ARB should be up against stiffer competition and will have to spend big just to maintain their shares of the ever increasing hashrate, so I reckon there is a chance their prices will be little different in the next cycle to this one. KR1 on the other hand is actually crypto and given I expect alts to be higher in the next cycle I would expect a corresponding uplift in KR1's SP. It could be significant, but who knows.

On the other hand, alts also tend to significantly under perform BTC during crypto bear markets, so I would expect a major retrenchment in KR1 should we indeed enter a bear market. Whilst it's great to HODL, four years is a long time to hold whilst missing the myriad of investment opportunities elsewhere, so the key to investing in KR1 as far as I'm concerned is making sure you're not in should we enter a bear market. Not the easiest thing to manage when the upside and downside are potentially very significant and Aquis liquidity makes managing a large position quite tricky.

I'm sure some of you have very different strategies and viewpoints, and it would be good to get some other perspectives on this. Perhaps our conveyor belt of seed capital investments and DOT lock-ins will provide significant gearing to mitigate downside risk, but the strength of the crypto bear market singularity has been mighty strong in the past, so I remain cautious.

Best of luck all and hope we remain on the right side of this.

Sorry, but I don't buy it for a second. I think Tullow's comments say very little about anything other than their own internal situation. More likely deflecting their inaction as they sit on their hands rebuilding their finances whilst Exxon and co reveal more of the picture for them. Depending on how their corporate recovery and adjacent drills pan out they can decide to either farm down a bigger chunk of Orinduik or push ahead at a higher percentage to claim a bigger prize. If Fangtooth is successful they will be in their strongest negotiating position yet.

Compared with other adjacent blocks, the Orinduik drill targets are much closer to the largest Cretaceous and Triassic discoveries on Stabroek, Hammerhead and Liza. If successful Orinduik looks like it could transform Tullow and I suspect their BOD realise this, so no surprise if they want to finesse their involvement and extract as much value for shareholders as possible. If they wish to farm down, I have no doubt there will be some willing buyers. Just need to agree the percentage and price. Let's see what happens.

Sterling has been strengthening for some time Truth.

I get less than 8p/BOE on a 2U basis net to WTE at the current SP. That figure would be cheap for an exploration tiddler with nothing but wildcat licences in totally unproven areas with low COS prospects, no partners, no drilling plans and no cash. Remind me what WTE has again? World's best oil company as partners, world's best exploration acreage right next door, no funding requirements, drill plans for up to 24 wells. Am I the only one that thinks the current low SP is completely and utterly bonkers?