Member Info for tradeemup

Doing some research the Venezuelan seizure of Cerro Negro under the nationalisation programme of the Chavez administration led to a 16billion dollar dispute between Exxon and government. Whilst I accept that Venezuela’s claims for two thirds Of Guyana and coastline!! seem ridiculous, if prepared to interrupt seismic work it’s worth noting the potential for further escalation. Looking forward to may/June 2019, in fact I can’t wait !

Schlemeil. Thanks for the info. I’d have to agree with your assessment given that both total and Tullow are pressing ahead with H1 drilling. Always worth asking the questions here though. I will be emailing the company too and share any reply. Merry Xmas to all

Does anyone know if any part of Orinduik is within the disputed zone? It seems the maritime jurisdiction lines are being moved considerably by the Venezuelans. One version appears to leave a rather small triangle east of Georgetown only in Guyana’s hands. Not up to speed on legality or history of the dispute but a larger, volatile neighbour is not going to help speed up development. I assume Tullow and total have done there due diligence...

Complete silence from mr struthers. Sell order at 10p. Let’s hope it’s achieved sooner rather than later.

I do wonder how the placing here was oversubscribed. From memory Greg was keen to state he turned down more funding as £5.4m was deemed sufficient to get to first production. More spin and utter BS. Not sure how some people sleep at night.....

How did GK raise £5.4m at 16p and what level of due diligence was done on permit rights and longevity of tenure. This has fast become my worst investment decision and a lesson learned. I’ll stick it out but the imminent production from gold cap looks like fraud and not much to show for the 5.4m in hand a year ago. How much is left is the question. Struthers needs to get a grip on this now

Calling it aggressive buying is a stretch. Generally speaking the volume is extremely low.. I believe patience here will be rewarded here but there is no aggressive buying happening !

I see a new video is now available on the prolong website. I actually do believe this will generate significant revenue and given the current mcap I am happy be able to accumulate a further tranche at this level. However having been through the checkout journey I’m not impressed that when you attempt to buy the device you are diverted to the URL smiling dick-myshopify. I get the marketing strategy to make the subject less taboo but it feels like a scam when you are taken from prolongdevice .com to this other domain during the buying process. Not good IMO.

I’m more interested in user growth and adoption of VR. Brands will be clambering over themselves to sponsor content with engaging be based advertising in exchange for free content.

Lol. She wouldn't know. I assume you hide it like the rest of us

Can anyone better researched than me give an indication of cash in bank at present?

Surely if the device has FDA approval then it is all dependent on demand. I would imagine idp don't plan to sit on hundreds of thousands of devices and can focus the best part of £1m on marketing and raising clinical awareness of the prolong plans benefits. At $299 the margins appear very healthy.

Agreed. I'll take those odds based on the 3.2B recoverable boe next door. I really can't wait to see the drilling get underway here. Q1 2019 in the crosshairs. Namibian land grab is going unnoticed but not for long. This really is a switched on BOD who to be fair have also had a slice of fortune given the regional interests in both licence areas. GLA

After a string of successes, ExxonMobil’s latest well effort has come up dry. ExxonMobil began drilling the Sorubim-1 well in the Stabroek Block on April 3, 2018.

Fully loaded up for the little ones. Project economics, resource proven grades, millions spent on feasibility, port development in crosshairs, dilution since IPO limited to non existent and an mcap of £30m. Sooner or later value will be realised here and glencore won't exit on the cheap. No brainer IMO if you can sit on your hands for next 2 years. 2 years = near term in my books. GLA

Honestly some would have you believe a duster would be preferable to preliminary indications of oil discovery. I wonder what motivates...

it will be interesting to see the impact a discovery on PEL37 due for early q3 drilling will have on ECO. PEL30 licence where ECO has a significant stake will likely be farmed down. Could Total step in there also...

In all the noise surrounding Guyana and the prospectivity of the acreage bordering stabroek it seems the considerable land grab in Namibia is going unnoticed. This is one to hold long term for sure.

Can't get a quote on HL for even 3k of stock. One to hold

Hi Jezoo. Whilst company comms have been poor and to my mind deliberately vague I would say that the last placing was at 16p. NOt sure the due diligence would have been but it's clear that SP angel are full of BS and a mouthpiece for Greg. The man is a joke.