Member Info for Raincat

Thanks Hedgehog - agreed funds are welcome and a nice earner for the company.

Hopefully one or two of the assets will be signed off asap! Then we really can push on. $95 a barrel is hot so we need to capitalise on that. Commencement of Rob3 or share buyback would be a good start initially.

Fine post there Market, my sentiments exactly. If questions are not answered and deals are not closed then not much reason to stay invested. The sp speaks for itself. Hope to see movement but hope only goes so far. Good luck all.

TYB even a modest 100 barrel increase at current prices will be a win ($3.7M).
I have no doubt the team can and will achieve their stated aims. complete Tilapia with the other deals and we are in!

Because that is the activity that has a firm date from the latest presentation:
‘ Robbana Concession. Drilling of Rob-3 to reach a target depth of approx. 2,500 metres, expected to commence in November 2022 following the recent successful conclusion of the Rob-1 workover.’

A most valiant effort TYB.

Oil close to $100 but still no updates, where are we with Rob-3? Are we commencing drilling this month?

Tilapia? Other deals? Share buyback? It’s all too quiet! We need a comprehensive plan to get the sp moving.

Oil price now at $98! So (taking into account continued daily production) we are generating approx $50,000 A DAY in revenues! And that’s just Tunisia. Add to that Italian production etc and you see the discrepancy. Market cap needs to catch up.

It’s all coming together, half yearly should spell it out clearly. Further oil lift should hand a few more $$M’s to the coffers.

Imagine what happens when/if Tilapia/Benin come in and any further assets …. November should start to pick up hopefully.

Excellent post Hedgehog. It would seem some have lost a little too much here or are under considerably!!

I am hopeful for a more positive outcome as one must be gentlemen. I hope you recoup all you have invested and then some. Indeed good luck to us all.

Let’s just get the licence secured. Then we can progress to increased productivity.
Hopefully Benin will follow which really would be something. Lots to come in the current quarter.

However I think we are now at a different phase of the deal overall. If the rescheduled investor calls are anything to go by one could deduce that we are on the cusp of a major development (hopefully).

Oil price back up to $97 ..daily production continues plus oil in storage so surprising to see no movement.

Deals need to be completed for a meaningful rise.

If we are to commence drilling operations at Rob-3 next month (I note Nov only 8 days away) then I would expect to see the Twitter feed in action…

Are all civil works complete? Are all peripheral items onsite? Is the drill team in place? Is the rig on-way/on-site etc???

It would be good to know what’s going on while we await the relevant deals to be completed.

I think you are right, this is probably the floor now, and a stable one at that! All we need is a sniff of a sign-off of one of the large assets and away we go.

As my esteemed fellow investors have stated if all three deals come in then it’s a whole new ballgame (and one I will love to be around for)!

Still no movement upward. Very surprising even though great strides have been taken to put the company on a very profitable footing.

Fingers and toes crossed for an update soon on Tilapia/Benin etc. In the meanwhile we should push ahead with Rob3. Is there any activity on the ground to prepare for this?

Lots in the pipeline, one just needs to push ahead.

Thankyou HH for taking the time to crystallise that information over a weekend.

Truely great numbers which does ask the question why the Tilapia license is taking so long as ZEN has so much to offer the region!

Another week, hopefully some good will come!

Thankyou KathyB - happy to know ZEN are all over this and working to secure the Tilapia license. Good luck to them!

Are we commencing the drill on Rob3 next month? I would be intrigued to know what progress has been made on the ground thus far. It should start to get interesting soon. I do hope the completion of the deals are announced soon.

Investverysmart- you are right, Zen have done a brilliant job ramping up the income streams with the assets in Tunisia and Italy. But we do now need a major asset in the form of Tilapia or one of the other prospects to push forward in a major way. I would hope to see Tilapia completed first as this has been a long running saga …. What an amazing asset to have under our belt with $100 oil price.

One thing I can promise you is that no one can promise you anything in this game!

Buy and sell at your own discretion good Sir.

Thanks for that Market.

I note oil currently over $98 and climbing. 60,000 barrels alone currently sitting in storage and waiting to be sold potentially amounting $$$millions and we are still pumping oil every day!!

Fingers crossed for some positive news soon. Good weekend all.

Oil is back over $95 and could move on to >$100.
Going into winter all energy prices will accelerate.
All we need is the deals completed to push higher.

With global cuts in oil output agreed one can assume a price of >$100 per barrel will be achieved shortly. Good to hear our deals are being progressed.

A deal like Tilapia will completely transform the company, then add the Benin deal and we will all be very happy at the end of it.