Member Info for robrob

highly unlikely anyone will see that level again.

Its AIM , a drop on PET will drop CLON. Simple.

News coming for those who can wait!

"“I will come to you [the Chamber] on how we can have a masterpiece of legislation that addresses the concerns of the communities and also provides that opportunity and platform for companies and investors for investment”, he added."

https://www.ghanaweb.com/GhanaHomePage/business/Work-on-onshore-oil-regulatory-framework-begins-793170

announcements this week, non? via AOW

Good post, yes anything possible.

Based on the recent events at hand (BoD options, PR and announcements surrounding progress to Bolivia Lithium and Tano Basin licences (2) I think we'll see the latter and near term.

Africa Oil week, Ghana minister of Petroleum has the the Thursday 4pm slot for bidding announcements in the licences showcasing theatre. I'm sure many, many people will be watching this one!!!

GLA

https://www.ghanapetroleumregister.com/licensing-bid-rounds-and-negotiatio

" Three blocks would be allocated through open competitive tender; two would be given through direct negotiations, while one would be reserved for the national oil company, Ghana National Petroleum Corporation (GNPC). GNPC is expected to explore its block in partnership with a chosen strategic partner with the view to develop its technical capacity to become an operator."

Well worth looking at the timeline in the Gant graph at bottom of page and relating to the last Proactive video interview that included GNPC and the recent BoD options announced in the last RNS...

GLA
DYOR

http://connect.itegroup.com/rs/344-AEZ-891/images/AOW%20Conference%20Agenda%20in%20Full%201110.pdf

Thursday
National Showcase Theatre - National Roadshows and Bidding Rounds:
Ghana
Hon. John Peter Amewu, Minister for Energy, Ghana
Benjamin Kwame Asante, Director of Petroleum – Upstream, Ministry of Energy Ghana

Lots of updates and news to come out of Africa Oil week

GLA
DYOR

Thats excellent new. Looking like its coming together.

Watched this video again,
https://www.proactiveinvestors.co.uk/companies/news/903148/clontarf-energy-s--time-has-come--as-it-advances-ghana-and-bolivia-projects-903148.html

Interesting statement at 6:36, "we have an out of court settlement with the Ghana authorities..." with Parliament re opening next week, I'm going to be keeping a close eye on developments. Well worth watching this interview again.

GLA

I may add if it's ok with us all, the example of GKP. Wouldn't normally talk cross boards, but in this case I hope you are all OK with it as an example to this chat question.

In January 2016 they went fully from discoverer to producer, think the share price was just over a penny. They now are £2 plus / ish, and its looking pretty good for them to get to a much higher MC and SP from here. Of course there are plenty of twists and turns. To me, and IMO if CLON goes from discoverer to producer via a farm agreement (this all outside of the Bolivia forthcoming news) the potential is mighty.

Jubilee has set the precedent to what is available here in Tano Basin

"our time has come" !

GLA

So IMO, and i'll put it out there right from the start there will be more knowledgeable people here from Oil and Gas IMO. For what it's worth.

- Pan Andean is the consortium holding the rights to the blocks and relationships
- Petrel is part of the consortium, has published http://petrelresources.com/wp-content/uploads/2019/02/ghana-tano-basin-presentationagm.pdf the opportunity, recoverable resource, mapping and top level data
- Data shows opportunity for substantial discovery, already proven up by Jubilee.

Personally I don't see a buy out near or mid term after ratification, but see a strong rerate to company value and share price, I'd anticipate a rerate to occur through a mad scramble followed by steady rise for weeks or months after. BoD have got options set for years, this is a great statement to show they are here for the mid to long term. I can't see them selling out, it's taken years to get to this stage. Probably rambled a little here... but as I said earlier good discussion point!

So you think 60k of FCT converted (for ALL TIME) is good? that represents less than £200USD of use.

Chilston is spot on in his observations of critical mass take up and my point prior which you clearly missed is how organisations in similar environments (CRPYTO) go to market.

Hope that clears it up for you Doggo.

GLA

Didn't say they were the same did I Doggo .

lol, fingers too fast were they?

It has the potential to be huge, but like most things nothing is guaranteed. Based on previous marketing of Factom I for one am not holding out that the market is going to quickly migrate to such a platform unless is has some serious financially led marketing behind it.

If Pegnet has got your attention it would be worthwhile IMO to know about Grayscale
source : https://grayscale.co/

Pegnet is still somewhat complicated in IMO. Take todays RNS for example and while the MC is getting bigger unfortunately FCT / Factom are not alone in the fractionalised currency / cyrpto markets.

Again, check Grayscale heres a source :
https://www.coindesk.com/grayscale-wins-approval-for-first-public-digital-currency-index-fund

Grayscale Investments has received regulatory approval to list what it calls the first publicly-traded digital currency index fund.

Following assent from the Financial Industry Regulatory Authority (FINRA), the Digital Large Cap Fund (DLC) will be listed on over-the-counter markets and trade under the initials GDLCF.

Lorne is well justified in his feedback. I've always liked Factom, but have been disappointed with their approach for route to market.

Pegnet, unfortunately seems to not have the mass market appeal at this time. Let's hope they can get some limelight onto this product while it has some uniqueness / marketing timing.

GLA

yes, looking forward to news...!

For those looking for when parliament opens for its fourth sitting...

Put 22nd October in you diary.
https://www.ghanaweb.com/GhanaHomePage/NewsArchive/Parliament-to-commence-sitting-on-October-22-787756

There could be news prior to parliament opening from our BoD, one would have thought there could be updates at anytime based on the recent PR and RNS. Doesn't give long for final tops ups. This price IMO is going to be looking pretty cheap when we look back.

GLA
DYOR

https://www.proactiveinvestors.com/companies/news/265512/sp-angel-morning-oil-gas-sound-oil-and-clontarf-energy-17111.html

....it's not hard to see that news is pending...

GLA
DYOY

Consider Erins commercial and legal position :
https://www.wsj.com/articles/erin-energy-drops-opposition-to-potential-liquidation-1531237198

Review current standings
https://www.gnpcghana.com/partners.html
(Row 8)

This is why on of the reasons why IMO, the Directors have stated, our time has come.

Factor in a second block in direct negotiations and put into the mix our Bolivian Lithium news pending, you'll understand why there is anticipation brewing. IMO its a strong buy.

GLA
DYOR

...It is located in the Tano basin where most players have managed to hang on including Ireland's Petrel Resources and Clontarf Resources tie-up , which remains in discussion with the GNPC over the Tano shallows but ratification is anticipated withing days.

Source : https://www.siliconinvestor.com/subject.aspx?subjectid=59852

Seems to be more and more oil, discovery websites and Ghanian BB boards all saying the saying the same thing... that news is close.

GLA
DYOR

Third seating concluded over Summer, the forth sitting is very close now, Ghana Parliament due to sit.

Get ready.

DYOR
GLA

"Clontarf Energy already has institutions on the share registry. Indeed, they own 71% of the company."
https://finance.yahoo.com/news/insiders-own-shares-clontarf-energy-072637517.html

very little free float available. Take your positions now... !

GLA
DYOR

If you review this URL
https://www.ghanapetroleumregister.com/expanded-shallow-water-tano

The Erin agreement ( now defunct) is

Effective Date: January 23, 2015
Exploration Period: 4 Years And 9 Months

This termination date is very close now., this nails the lid shut on the former licensee

....we are talking days.... IMO

The BoD options have been announced.

I suspect we are going to hear announcements before month end.

GLA
DYOR

Whats the lowdown / latest on FFWD's Portage shares?

The FFCTO is expected to be lifted and trading on the CSE to resume once Portage has filed its annual audited financial statements and related documents with the CSE.

I thought the annual returns were completed, Does anyone know?