Member Info for wraith

BigBear,...the dilution scenario you mention, is one, that on AIM, I am always watching,....if BOR did go that route, it would be wise, to be positioned to take advantage (imo),.....in my own case, I hold a good shareholding in BOR at present, but I am not overexposed to BOR & would take advantage of any dilution, increasing Funds invested in BOR by multiples, of what I have invested here at present. BW

Hi JH77,...based on shares in issue at present,...... ie: 611.70m shares in issue x s/p@9.81p = �60.00777m. Market Cap. BW

I do not recall the term being used before either, Phil164. I have always liked the BOR acreage,.....also FOGL were keen on "Scharnhorst", which if memory serves me well, extends into BOR acreage. From FOGL RNS dated Mon, 2nd Feb 2015, Operations Update;- "Fault Block Area, South Falkland Basin, Southern Licence Area Work on the Scharnhorst North prospect has continued, and this has been based on detailed seismic amplitude and AVO studies. In light of this work, FOGL has increased its mid case gross resource estimate for the Scharnhorst prospect from 188 to 355 mmbbls. Detailed seismic analysis has demonstrated a subtly different seismic response to that of the nearby Darwin condensate discovery, which could be interpreted as an 'oil' response." BW

Phil164,..... a sentence in the Half-year Report Wed, 27th Sep 2017 used it;- " Our balance sheet remains strong, our overhead low and we have a clear strategic focus on monetising our discovery." BW

mrsmurphysbhoy,.....there are still only 220.71m shares in issue here at ARG,...with no dilution on the horizon (imo),...this should help the s/p recover quickly, with any positive news (imo). I am holding both ARG & BOR shares, with a target date of 2020 for s/p strengthening,....would not feel comfortable out of either, at this point in time,.....for myself, this is the time to start building larger shareholdings in both, over the coming months, as fresh Funds allow me to. BW

I agree BigBear2, when you say;- "BOD are a patient bunch and will not farm out a multi billion asset on the cheap". Also they have plenty of Cash, to wait for right deal,....I have no problem, waiting for the right deal, when invested in a Multi Billion Asset. BW

Thanks for posting link ( http://www.proactiveinvestors.co.uk/companies/news/194543/europa-oil-gas-in-the-spotlight-as-inishkea-is-promoted-to-flagship-project-194543.html ) Tommy241. BW

ALGU,....by my calculations, with today's shares in issue of 611.70m, for a Market Cap of �60m, an s/p@9.81p approx, would be required. BW

That should read "increased". BW

Just had a look,....they held 23,979,904 PVR shares on 21/07/2017 (RNS of that date), now inceased to todays 30,204,763 PVR shares held. BW

It's been a long wait Phil164, that interview, is some very welcome news, to my ears,....if my memory serves me well, the 61/17-1 (Darwin East) Well Results (23 April 2012), saw BOR go to s/p@130+p,...this was then followed on 26 April 2012 by a placing of 55,320,000 million new ordinary shares (the "Placing Shares") at �0.84 per share with institutional shareholders to raise �46,468,800 million before expenses (the "Placing"). With Sealion looking good for middle of 2019, & the recent BOR Darwin Independent Evaluation, as RNS of 28 February 2018,....the current s/p@4.375p, has a long way to climb, as 2020 gets closer (imo). BW

China big dream, to challenge dollar dominance (China to Launch Yuan Oil Futures), referred to in video, within link below. https://www.bloomberg.com/news/articles/2018-02-09/how-china-will-shake-up-the-oil-futures-market-quicktake-q-a China Surpasses U.S. as Largest Crude Oil Importer ( https://www.maritime-executive.com/article/china-surpasses-u-s-as-largest-crude-oil-importer#gs.=5UKOro ). BW

With Brent Crude at US$68.38,..... Barryroe drill guidance, for first half of 2019, at latest,.....if deal not achieved, PVR are in Strong Cash position, to Fund their 80% of Barryroe drill,....will be interesting to see, how the LOGP 20% of Barryroe drill, is going to be Funded,....holding good positions, in both PVR & LOGP myself. BW

Sealion, mentioned in interview link below,..... positive for Falkland Oil Companies (imo). https://www.youtube.com/watch?v=KE210aQvTVs&feature=youtu.be (from 10:38 into link). BW

Agree with comments, found it a very encouraging interview myself ( https://www.youtube.com/watch?v=KE210aQvTVs&feature=youtu.be ). BW

Thanks for posting link falklandinvestor,.....most encouraging interview. BW

Yep, uncertainty, with the lack of news, appears to be weighing heavy on s/p,....any good news, would be most welcome,...here for Barryroe drill myself though, regardless,...I guess it's a leap of faith. Tune: https://youtu.be/71cmjiK-hkU BW

Yes, agree Phil64, this independent evaluation has been done, at the right time in the Oil Cycle (imo). I would be very happy, with something along the lines of "advanced negotiations". BW

Still holding here,....not going anywhere myself, at these s/p levels, just sitting on hands at present,...if they take the Ask s/p much lower, I will probably lose my self control. Brings a Tune to mind: https://youtu.be/miGUnKWcYeo BW

Yes hereandnow, PVR are doing exactly as they outlined in this presentation link dated September 21st 2017;- http://www.providenceresources.com/sites/default/files/PVR%20INVESTOR%20PRESENTATION%20-%20H1%202017%20RESULTS_0.pdf (page 7). "Transaction market has evolved since oil price crash � projects need to be even more mature to attract third party investment � adopt a �Build it and they will come� philosophy (i.e. Druid)  Drive the timelines/agenda with seed capital as appropriate � e.g. have site surveys in place to collapse lengthy consent timelines associated with new pan -EU regulation" BW