Member Info for simonpf

Theres more news coming out regarding this mutation which doesn’t bode well for cruise sector in particular. when you look how the current U.K. mutation has spread, thoughts are vaccines won’t cut it as this one has multiple mutations.

The increase in reserves will have to be proven to confirm the remodelled data, i see the COS is 37-64% for the upgrade so probability the reserves are there are high but not guaranteed, I don’t have the cos for the three dusters here but I think from memory one was 40%.

So based on the remodelled data there is a aprx 50/50 chance that the reserves are actually in place

I think the strategy here is to increase interest on asset, fundraising, appraisal then partner, if they get a farmout partner willing to take the risk and put up cash then I would say the BOD have done an outstanding job.

I think these are valid points IMO ;)

Also sold all holdings first thing this morning here after confirmation, had to call broker as no liquidity to sell,

I think investors are trying to work out how a asset loan to the tune of 300-500 million can be made against this when all chariot have done is remodel the seismic and got a Independent Assessment (not CPR), when repost couldn’t give it away a few years ago.

The fact that LTH mr jinx had his post removed here should ring alarm bells as his points were perfectly valid.

1. No investment firm will lend without seeing robust economic modelling
2. Chariot has yet to publish an Environmental Impact study.
2a Chariot has yet to publish a full feasibility study.
3. Chariot can still achieve a farm out, without the above being in

Perception and narrative are being managed here.

Report me then, or sue me, hilarious

This is what I read, does everyone here know of delays, I think not

“To date all my coms with the board and their IR/PR outlet stress very vehemently and consistently that everything is progressing as clearly advised in RNS announcements and presentations. albeit with some slight Covid related delays...”.

Shareholderchar, I will respond, as you have mentioned me in your post, yes we have all the ingredients here, the self nominated cheerleader with an ear to the ground, with a high stake and low average, trying to manage sentiment,the derampers, rampers, winners, losers.

I will say that with your “ear” at the board and very high stake, currently aprx a million pounds, that you are a conflicted on here, for instance you stated earlier they may be a slight delay with news, I don’t think anyone else was privy to that information, that does give you an unfair advantage over others here. If any other negative information is relayed to you would you pass that on also or keep it to your advantage.

Shareholderchar, I’ve been around char for many many years ,for me AIM is for trading, LTH have to buy and sell, I may come back in later if news is good but then I will sell it again when momentum fades, I am only interested in my money not to hug and hold a share, most people lose on AIM that’s a fact, someone has to pump money in for another to profit.

I am obviously deramping as you are obviously ramping ?

You have an “ear” with the BOD , I don’t, you have just under 3% of char shares, I don’t, you have five months posting history on lse, I’ve been here since 2011, so obviously we are in very different positions.

Shareholderchar, just trying to assert some balance in here,repsol relinquished the licence after capex and couldn’t see commercially viable, its been sitting there for more than ten years, I think you got a bit ahead of yourself here, theres a tiny step been taken on the road to revenue, if a nice farm out rns lands before Christmas then I am totally wrong, anything short of that I don’t think the market would like.

Yes as you see I my posting history with eco, now Ive been buying that under 20p after selling it at £2, I did buy and sell it on the way down and lost some profit but still nice profits, according to the rampers eco was worth £17/share, if you read my previous you will see, I was right on it .

Nearly 60% from recent highs currently, you could have sold easy at 13, this is the time when the rampers were out in force as they want to keep momentum up to sell into.

If good news drops then I’ll be back in here rather than see my investment evaporate. I am happy to admit I am wrong if there is indeed very good news.

You can try and manage sentiment all you like, if the BOD does not deliver and soon those invested here will be sitting on more losses,

BOD have created high expectations for very positive news flow, very soon, next rns must bring tangible solid news for mr market, those of you who have done your research will know that Repsol spent a lot of cash on this licence, making the discovery in 2009 when the gas price was a lot more than it is now, relinquished in 2014, draw your own conclusions.

https://www.mees.com/2020/9/11/corporate/morocco-gas-development-dont-hold-your-breath/62206900-f435-11ea-8db4-7f54f7a2aa5a

As you preciousmaj, I’ve substantially reduced holding here for the reasons you have stated, this is AIM, we all know what’s happens after multi bagger gains, momentum fades, no news periods, the share gets hammered, nothing wrong with taking profit isn’t that what we’re all here for,

I see IJWT had a busy day countering all those pesky negative posts.
Last I heard it was “ targets being announced imminently “
That was GI who said that tho

https://news.exxonmobil.com/press-release/exxonmobil-begins-oil-production-guyana

Leftie, we can only go on information that’s out there and
Pi’s are always the last to know the real story as we know.
What happens next is anyone’s guess for 2020,
If’s, perhaps, should, likely, it’s a moving target, no clarity.

I do also wonder about the consistent positivity of ijwt,
Almost like it’s his job to manage the sentiment here.
( no offence ijwt).
On carapa there are two targets, it’s the closest drill onshore
so far so potentially the heaviest 15% cos, again we’re the last
to know .

I am going to stop posting as it’s too time consuming and not
Healthy GLA.

Hess/Exxon have plans for stabroek up to 2023.
Hammerhead is NOT included in these plans.
Hammerhead is flagged as a “potential” producer with their many other targets .

Anything happening at hammerhead is a long long way off if at all.

All info in this recent presentation
https://www.hess.com/docs/default-source/investor-decks/2019-bank-of-america-merrill-lynch-global-energy-conference1.pdf?sfvrsn=2225746b_2

No way they are going back to Jethro next year, way too much uncertainty,
the market won’t assign anything until proven production, not a quick
route to value for tlw, as they have stated, they want light oil .
Stabroek is massive, many leads, light oil, Hess/Exxon have more than
enough to be concerned about, I don’t see hammerhead flagged up in
Latest presentations from either company, low hanging fruit first.

The oil will stay where it is for years or indefinitely
The market is in the process of putting a value of zero to these discoveries.

Just a bit of balance here

Carapa well in the Kanuku block started some days ago in October. This well will test the upper Cretaceous and the lowermost tertiary play, targeting the same formation as in successful neighboring prospects.

https://www.repsol.com/imagenes/global/es/Transcript_Q32019_tcm13-168578.pdf

https://www.balticshipping.com/vessel/imo/8771150

Regardless of oil/type in the ground or reserves sentiment must change.
Until it does change the share price will go to hug the horizontal line on the
chart just like all the other “undervalued” dogs on AIM.

Personally I think there is information PI’s are not aware of yet hence the
Heavy selling, be it drilling schedule,oil analysis, Tullow plans, Capara,
I don’t know.

Ijwt, that Hannam report was banded about here a week or so before
“The News “ £17/share apparently, now, as you say the share price
Is “bobbing about” its 80% less than joe highs.

If you haven’t looked at trades yesterday I suggest you do.

PI’s Always last to know