Member Info for Shpunken

No chance of that happening, we are no where near done with the virus yet.. we will be at these lvls until may, obv price will spike during this period but will be short lived just like this one... only thing that can really push us forward is if US cut their production by at least 5mbpd and we manage to raise over 1b through sales.. until the virus starts to go away, we will be at the bottom

Short term bounce, nothing to get excited about unfortunately, they will drag it bk to 7.5p again.. this is the trading range 7.5p-10p

Nice finish but this mess will keep going for the next 4 weeks at least, so can see us dropping bk to 7.5... hopefully though we will get a boost by new eco announcement and Guyana farm out

Marcel, ppl in Russia have been ****ed by the government for many years now.. Putin will do what ever he wants regardless of the population, ppl are helpless there so that’s not an issue for them

Chinese have been using a Japanese flew drug, which they said helps really well.. plus few other countries have started human trials.. this **** should be over by mid summer

Putin is nearly done with his shenanigans, so give it another 3 weeks when the official numbers are in, regarding the damage to the economy and oil numbers, and they will go bk to Saudis to prove a point and cut the production... I am certain that by September oil will be above $45

Keeps trying to drop bk to 7.5p before going bk up to 10p... seems like the new trading range for now

Is badly needed here, someone with a good reputation to get ya out of this mess.. ceo + asset sales and this will be history

0.35 was expected, unfortunately this will keep dropping, too many shares still to hit the market...

Don’t worry still a long time until this mess is sorted, 7.5p will be revisited again

Forecasts mean **** all tbh.. if saudis strike a deal with Russians next week we are bk to over $40pb and futures will be much higher ones again... when news comes out that corona is under control and economy is projected to make a recovery oil will be bk to over 50 etc so the current forecasts/futures are irrelevant as the factors that dropped the price are temporary and should be fixed in the next few months

I am pretty sure they will get over £1b for those assets, and can cover payments in 2021 with ease and have a good exploration year... when that gets finalised the mc will reflect that and we will be bk to 60-70p lvls.. still can’t believe what I am seeing

Can’t complain, but how on Earth is it possible to have such a low mc with the cash balance and earnings that we have... this is beyond stupid now... I wonder how soon will we hear about the first official offer.. Tlw won’t last at these prices, no chance, let the bidding war begin

Loving it, but still can’t buy

Pmo don’t have the same cash as us, they don’t have the assets either... our biggest problem right now is the management, we need a very good ceo that will speed up the asset sales process and plan a very aggressive exploration campaign in 2021 while the prices are low.. tlw should slowly move away from Africa and monetise Guyana, they can operate there for many years to come!

It has too many assets to collapse, worst case a major will pick them up for dirt cheap.. they still have plenty of money to function for the next 12 months, in that time corona will be under control, oil prices should be in mid 40s and everything will be looking good again

180m lol what an absolute joke..

Unless US participate in the cut, this will drag on for a few weeks for sure... Russia’s decision had nothing to do with saudis or US.. Putin needed a distraction to pass the changes in the constitution and to do that he needed a major event (drop in the rouble because of the western hatred towards Russia etc). The news channels have been spinning this in a way that the west is trying to destabilize Russia and with the new constitution that allows him to be re-elected for another two terms will bring stability and won’t let the west take over Russia and its values bla bla bla ... this won’t last for long before they sign the cut agreement and putin takes credit and perks up his ratings again for dealing with the evil west

People don’t seem to understand that the majority of acquisitions happen during turbulent times. And I agree if they do manage to sell their 30% stake for a good price, that will give us a huge boost in our valuation.. only downside is time, 2020 looks like a year of restructuring and preparations for 2021 now, the virus has made sure that’s the case now.. only positive from the collapse is being able to buy Tlw and eco for dirt cheap

China is reporting much better numbers, Europe should peak by the end of the month, US is cutting most travel for a month to speed up the process and give much needed time for the vaccine to be ready... this quarter is looking very bleak for everyone, but I personally can see the oil prices jumping to mid 40s come summer.. with virus not being as effecting during that quarter, ppl will want to travel and spend money, catch up on their holidays etc.. expecting demand to be through the roof during this summer... if prices get bk to mid 40s and we manage to offload some assets, can see the sp heading bk to 80-100p mark