Member Info for Resourcehunter

Yup, the big playas are loading up! ...(and these are serious players who know their stuff!!!) ...
Directors are buying!
AC in Congo .. presenting and visiting the field (hopefully checking out the rigs ;-)....
Adding up to some serious movement if they strike the right note!
Good enough for me!!! .... I'm looking to load up more ....Dyor

Lol - ‘something cooking’ - did you not read my post below????

Only thing they need right now is a bigger pot!!!!

We need to look at the proposition on offer .....

Congo - potential 1,000-5,000bopd FROM EACH WELL :-)))
Coro - potential 400bopd once deal completed
Azer - Potential 1,000bopd once C-37 & C-30 on tap, then Zardab waiting in the wings + a new well .... (could be anything up to 3,000bopd) ....we have the rigs ;-)))
New acquisition up to 1,000bopd - maybe more ....

POO almost back up to $60 ...So the point is with all the ops in flow the chances of success (in some/all of these deals) is high so if I were a potential purchaser of bonds i would be willing to put up the cash to partake in the windfall..... let’s see what happens but I’m looking forward to a spectacular Q2/Q3 (and am purchasing more :-)))))

I’m excited - Please Dyor

Thanks Kam .... luv it !!!

I hear you .... Hopefully Azer will kick off once again when the A-100 arrives at C-37 ..... then we can bag that into production and get going on C-30 also which is primed and ready .....(although a pic of the assembled rig, if it is, would be handy) .. Dyor

Well that’s confidence for you :-) ....

LOL — ignore the noise ...... close the deal and get going .....

Thanks AGEOS, all over it as usual !!

Yes all looks like it’s taking shape...... I hope the other acquisitions are also getting as much attention :-) .....

Futures looking brighter ...

Wow - thanks for that technical analysis...... my thoughts exactly ;-))))))))

it all ties up dates wise and now that we have the quarterly update and small rises out of the way I hope they can commence with the Azer ops ASAP.

In between that we have the acquisitions to complete .... should be a fun few months ......

Nice- great piece of info there Sarge !!! Thankyou

Yes definitely game on .... Azer should spring to life again soon enough and we know the oil is there .... so that plus the acquisitions ..... if this is played right it could be fantastic for us all. Fingers crossed ;-)

I’m banking on the fact that those deals will soon be completed and we could have 1670bopd (270 Azer, 400 Italy and 1,000 new asset) income in short order which ought to see us motoring .... then we can think about drilling Congo ...

Lest we not forget about C-37 (250+) and C-30 (300+)....

Just need to hang on as the big investors are .... dyor

Well if those 2 acquisitions come off we could be adding approx 1,400bopd to the income tally.

New asset - 1,000bopd
Coro - 400bopd
Azer - 270bopd

That’s total revenue of approx $40M compared to a current Market Cap of 7M !!! .....

Need to start seeing updates with the word ‘signed’ and ‘completed’ !!! LOL

Let’s see what next week brings ...... dyor

If we are to believe the 1,000bopd asset is in ‘advanced ‘ negotiations then we could have that under the belt fairly shortly .... who knows .... Coro deal has been in swing for a few months also ....things look to be culminating in a fair few good news updates coming up ... again who knows :-)))

Happy to get these sellers out of the way .... Dyor

Thanks SEA7 -

With negotiations on-going on multiple acquisitions plus The A-100 soon at C-37 I guess those that can wait are sitting through the dry period or loading up ....

As frustrating as it is when it does turn it should be good ...

Either stick with it or jog on to greener pastures .....

Yes not great .....

I hope they can complete one of those acquisitions ASAP where we are in ‘advanced negotiations’ to add something to the daily output ...... we need to be generating funds via increased oil sales!!!! Come on ZEN

Yes Sarge and it does make sense my friend.

I can’t comment on the politics of the right /wrong of updates. But we are where we are and if the point made is near correct we could be on the cusp of a hurricane resumption of ops. Chuck in the 3 acquisitions (2 could def add approx 1,400bopd in short order!) .... plus a large slice of Azer ....

That’s why I have added big here .... time will see this unravel.. Dyor

Thanks AGEOS, yet another wonderful write up!

It all makes sense and I’m also filling my boots as possible and have added quite a few at these lowly levels .... I think Q2 is big time for ops on multiple fronts .... I can wait.

Thankyou KAM, much appreciated .... time to put some hussle behind this muscle :-)))

Bonds are looking even more favourable now!!!

May even get oversubscribed. 1,000bopd at $65 is $24M total revenue pa!!!!! Cha-ching!

Patience is the name of the game here .... and not a game for everyone.
A few LTHs who I respect sold out last week in frustration.

Momentum will start to build now ..... 3 acquisitions on the hop now ..... Azer C-37 to be brought online with the help of the A-100 rig, ac-30 to commence plus a new well to be confirmed with our own owned rig ..... Sweet.

As ever Dyor