Member Info for rizq786

They wouldn't want to delay as the price of oil is good so should look to strike a deal whilst the iron is hot. Not saying they'll get any deal done, but they have a good chance.

At this time we don't know about the future, but what we can say is that the company is in a good position to seek farm out. They've been unsuccessful seeking a farmout in the past due to poor oil price and lack of cpr and now the oil price is very good and the cpr in the words of the comoany is encouraging and the play is somewhat derisked.

It's a very childish reason to spam a board because someone told you to go away. It would be tine better spent on commenting on your own investment or researching other potential aim company to make some money. As far as GBP is concerned the BB overall is factual and not rampy at all where people quote baseless prices. These are some facts about GBP: Has 3 billion barrels and 1 barrels is at COS OF 12.5% on 2D seismic. 3d Seismic can potentially improve the COS as well was the reserves. Has 5 million pounds cash so current prices are below cash value. We are looking to farmout and get 3d seismic. No guarantee obviously. Oil prices is at $70 so good margins now. Namibia has attracted some majors too so we can hope for a farm out with someone. Plus the MMS have been filling big orders as was shown by the late reported by of 500k at 4.3p.

I also agree that mm filled that big order and moved the price down to achieve it.

It's good to have a look at positives and negatives to protect our investment. So what makes you negative is the POS of 12%?

What makes you think the drill will cost 100 mil?

Yes there maybe dilution or maybe not as the farm out might get us a free carry. Yes it's not a guaranteed winner but oil in place is definitely a positive, cash in bank is a positive, oil price is a positive, majors taking interest in Namibia is positive. So there is risk but our mcap is not ahead of itself.

Those who are commenting that it's just people selling that's affecting the sp and this share is illiquid so people trying to sell whilst it's liquid need to consider these counter points too: This share is not going to be illiquid as the price of oil is $70 as opposed to $40 and this company will be busy with 3d imaging and talks of farm in and there's good oil activity in Namibia. The second point to consider is the MMS spread surely if the price was tanking or lots of sell then they will encourage buying too. The spreads have been massive at times. Third point is the cpr and oil in place needs to be valued at something as it's around its previous price. So whilst we can't control the price movements having a better understanding will help us evaluate our positions better. Things to immediately look forward to are: 3D image over our acreage which will both upgrade resource estimate and increase chance of success; farm in partner; Italy licence. Good luck all.

It would be understandable if the sp didn't rise much on the result as it had risen a bit over last fee days, but what is not understandable is why it has dropped sp much considering the MMS liked the rns that's why they gapped it up.

I think it's a good start from here if the BOD are keen to make a success of this. 2D (700k approx) has shown hydrocarbon and in one location significant presence of 1 billion barrels with 12% PIS which is good considering its on 2D Imaging. With 3D imaging both the prospective numbers aswell as POS will increase. And 3D is planned. What we don't know is if GBP are paying for the 3D or a prospective Farmee. They have the money to do the 3d themselves so don't need to hang around.

Good luck to anyone who has made money here as Aim can provide such gains without fundementals. But anyone still ramping this needs their morals checked as they know company fundementals don't warrant a 50 mil mcap.

This company has raised 4mil and is a shell ATM looking to invest but it's market cap has raced to 18 mil. There seems to be a clear discrepancy here. Can anyone point me to something I'm missing. Thanks

If we seperate the SP and the comoany developments we will find that the RNS is a good company development and gives us good cause for optimism for the future. Strachan never said it was disastrous did he? It's sub commercial on its own but can be commercial with a frack? Also the next zone is the big one as identified during drilling. So although don't like the share decline but give the company time to realise value.