Member Info for wraith

The market reaction, to the Vox podcast earlier today,.....been away from my desktop today, therefore did not here podcast, until after market closed,....having only listened to podcast once, not sure if my understanding, of what was said, is correct, but what I took from it, was;-

The market would be updated, when each horizon is encountered ,...not sure from podcast, how much information will be forthcoming, from said updates,.....from 31:11 into podcast link below, "moving into a tight hole position, going forwards", is mentioned.

https://audioboom.com/posts/7067938-europa-metals-euz-safestay-ssty-and-anglo-african-oil-gas-aaog

BW

Listening to & reading, the two links below, the way I am looking at Newgrange, is;-

Barryroe, is targeted to be drilled, 2019 & 2020,.....if a Newgrange Farm Out is achieved (from guidance given, could be, by end of 2018), this would result, in a Newgrange drill, being targeted for 2020.

Dunquin South also sounds very good;-

No shortage of large suitors interested in Farming Into a Dunquin South well (referred to, from 21:24 into video).

https://www.proactiveinvestors.co.uk/companies/amp/media_files/11020?__twitter_impression=true

https://www.linkedin.com/feed/update/urn:li:activity:6460469177701396480

BW

Just got around to reading, PRD presentation from Oil Conference ( https://www.predatoroilandgas.com/sites/www.predatoroilandgas.ventures/files/Predator%20Proactive%20Presentation%20Oct%202018.pdf ) NickelMine,....under the heading "Exclusivity for C02 Supply", I was not aware of the interest in Barbados;-

"Beyond Trinidad Predator submitted an Expression of Interest to the Barbados National Oil Company Ltd by the 12/10/2018 deadline for consideration to
be included in a tendering process for an EOR Pilot Project for the producing onshore Woodbourne Field (160 MM barrels of oil in place)".

As you say, huge potential here,....good to be in, at this early stage.

BW

Welcome back LONGWAIT,...bought back in here at LOGP, about a couple of years ago myself,...the Farm Out has taken a little longer, than I anticipated, but worth the wait, (imo).

From memory, I sold my previous shareholding here at LOGP, around the s/p@7p to 8p level also,....but it was a very small shareholding, compared to the shareholding, that I have rebuilt here at LOGP now.

BW

Only had a small shareholding here marineville, until recent news of "clear of thief zone" announced .....with the drill now better positioned, on that news, was happy to increase my shareholding by 340% exactly,.....when we dropped back on RNS, was happy to increase that enlarged shareholding, by a further 47.2% approx.

BW

Certainly has,....from s/p@2.375p on 28/09/2018 (checking back over board) to s/p@1.675p today,....that's an approx 29.6% mark down,...as you point out, time does not stand still & time is on our side (shareholders), as the time gap closes, to Barryroe Drill results.

BW

Thanks for posting #AAOG David Sefton response to yesterday's RNS. ( https://twitter.com/Sunny_J14/status/1055374812787417088 ), gmcc.

Was happy with RNS myself, increasing further, my AAOG shareholding yesterday,....had already started increasing, directly the "clear of thief zone" news announced,.....getting interesting here now.

BW

Well, I'm going to be away from my desktop for awhile now, with only my smartphone, which I only use to follow prices (don't read the boards on it).

Wish you all good fortune & will catch up when back at desktop.

BW

So Schroders, are obviously very supportive, increasing from 92,191,618 shares to 96,000,000 in today's TR-1,....now we have the placing at s/p@3.5p, providing Funds to speed things along.

BW

For clarity, previous, dated 25 April 2018;-

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CERP/13617305.html

BW

Nice to see the TR-1;-

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CERP/13832863.html

BW

Well Garnhiem. , I am now not prepared to increase, above my Gross average s/p level , until after placing or below s/p@3.5p.

BW

As I said earlier today Garnhiem,...."Also happy with raising of extra Funds,....would have preferred an Open Offer with it",....for this reason, only had a little nibble today, at s/p@4+p, taking care to keep my Gross average s/p, close to s/p@3.5p placing price (my Gross average s/p@3.57148p).

I think LK is doing a good job here,....if we drop below placing s/p level, I will be very happy, to start taking larger bites.

BW

PRD at present, have the authority, to allot (increase) Ordinary Shares in the Company by 100%, without having to get a shareholders vote, to do so,...this authority to allot (increase) Ordinary Shares in the Company, is being reduced to 20%, is my understanding of today's RNS.

BW

Yep, my Buy s/p@4+ this morning, has been reported Red in above trades.

BW

Also happy with raising of extra Funds,....would have preferred an Open Offer with it, but with my Gross average s/p@3.57148p, I am not a million miles away from it.

BW

Reading Prospectus pdf link below (page 12),...looks like they are reducing, from 100% to 20%, to myself.

https://www.predatoroilandgas.com/sites/www.predatoroilandgas.ventures/files/Prospectus.pdf

BW

The best way to answer your question, iamrich,.. looking at the RNS link below, where Lansdowne CEO Steve Boldy, said, in his Comments ;-

"With a current market cap of just US$10M, Lansdowne's valuation equates to less than US$0.3 per contingent barrel for its 10% ownership."
Source : https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/LOGP/13584144.html

At today's Market Cap US$17.3448m approx, Lansdowne's valuation equates to less than US$0.52 per contingent barrel for its 10% ownership,...on a successful Barryroe drill, the upside, from today's s/p level, is many multiples (imo).

BW

Yep, we have done well here at PRD today, in current market conditions ;-

Global stock market sell-off resumes as Saudi sanction fears push oil higher.

http://uk.businessinsider.com/stock-market-news-sell-off-resumes-as-saudi-sanction-fears-push-oil-higher-2018-10

BW

I tend to focus, on possible downside for s/p, when investing, iamrich,.....can't see much down side, for LOGP s/p from these levels myself,.....if I was a shorter (I never short a share), I would be focused, on the possible upside for LOGP s/p,....see that, as possibly multiples of current ASK s/p level myself & would be feeling very uncomfortable,...roll on 2019.

BW