Member Info for SwearinNige

A 340m trade doesn't equate to 3%. 2 of though well maybe it's one in Husbands name and one in wifes name.

@ 16.67%, buyers are being detered.

Oiltap, maybe it was 2 RNSs because wilhelm as bought exactly the same number of shares as have his company, in which case 2 x 14.47% holdings. Just a maybe, because otherwise a correction RNS should be issued.

but have been keeping an eye open here as to what peoples thoughts are, and recently you have all contributed a great case of scenarios, but we are all still very much not certain due to the news blackout. I researched Wilhelm and could only find the below in English.

There is a lot more information out there but sadly written in German so I have printed a few pages and have arranged a beer this afternoon with my friend/interpretor.

https://www.marketscreener.com/business-leaders/Wilhelm-Konrad-Zours-06KC1R-E/biography/

Holdings of Wilhelm Konrad Zours
Name Equities % Valuation
Deutsche Balaton Aktiengesellschaft 63,370 54.4% 110,864,456 USD
Biofrontera AG (B8F)
Pharmaceuticals 3,419,796 7.67% 19,585,787 USD
Epigenomics AG (ECX)
4,887,347 13.6% 9,869,166 USD
PNE AG (PNE3)
Renewable Energy Equipment & Services 2,312,973 3.02% 6,425,092 USD

My conclusion is that this guy is a shrewd investor and not a guy who would throw £275K as a punt, although it does appear to be loose change to him.

The big question is, is this a bargain? At circa £150 per million it will certainly seem like it if/when they go back to previous highs, with works underway to move metals from inferred to indicated the $120m NPV will be history and our mcap is circa £2m. Follow the money comes to mind here, but something still doesn't quite sit right here.

GLA

will come when the company has something to say. Just hold onto your golden tickets and don't be tempted to sell if the MMs drop the price. We all know news is imminent and PH seems like he has Carlsberg writing RNSs. The spread will be widened today at some point to buyers, whilst the greedy MMs stock up for Tuesday morning.

Nh12 41 great post

Maladoni bloody auto correct

Macaroni, rough guide is £40m m cap for every 1000bopd. We have more with the gas as well. Next well and similar results plus sentiment for the Next 2 wells this could be nigh on £100m

18.5

Bobby, ditto that. Wish it was 1p

@17.3 highest

above the mid price @13.33 so sells now showing as buys for a change

Upto 13.5

AJW, Late H2, I think was mentioned because there was a huge chance that we would have needed to raise funds after 16aZ and 38, with that fear now taken out of the equation we may see a more accelerated drilling program. Only a thought but we should find out more when the updated company presentation is released. Either way it will be a very happy Xmas for all here.

4.73m barrels at $70 brent @5% equates to $5.481 000 or around 30% of Mcap. Huge sell for me and put money in a better place BLOE.

Gizzard, good to see us enjoying this holding unlike one of our others in Toral region of Spain!

showing 13.3 now

It's worth remembering too that it was restricted to 1100bopd due to the test equipment being used wasn't able to accept greater capacity so when the upgrades are carried out we can expect an update. Wouldn't like to hazard a guess but even 50bopd increase is welcome, however it could be much more, depending on the well structure which of course we don't want to damage being too greedy!!

WTD, Ditto.

to upcoming news, but not in any order.
1 Norio update
2 WR 38 Spud date
3 Revised company presentation detailing plans to accelerate the companies activities
4 Updated flows from 16A when tanks pipes etc are replaced
5 Updated CPR
6 News on Gas
7 Possible further aquisitions (The team are looking)
8 Moving WR to 100% WI
9 Satskhenisi Field

Some of the above due imminent, others in time to come. Self funding and no debt!! Mcap £31m!!! Not for long me thinks.......

One major thing that as caught my attention is the option to extend the rig contract for a further 6 months offers substantial cost savings. I would like to believe that that option will be taken up and that ground works have already begun for the next drills after 38A.