Member Info for wraith

Very interesting comments, on existing Gas Licences, from about 31:00 mins into link :
https://twitter.com/i/broadcasts/1vOxwyPoDOWGB?t=27s

BW

Thanks for link ( https://twitter.com/i/broadcasts/1vOxwyPoDOWGB?t=27s ), Des101,.....as you indicate, very interesting comments, from about 31:00 mins into link.

BW

Tilapia, is why I originally bought ZEN (as an AAOG shareholder, I followed the asset),....been very pleasantly surprised, how ZEN's other assets, are shaping up.

With Tilapia oil Field, some of us wanted the Mengo horizon developed first,...with between 8-10 wells producing about 400 barrels per day each, from the Mengo horizon,.....with a new well, TLP-104 to test deeper levels at Djeno and Vandji, where the Djeno horizon wells, produce up to 5,000 barrels per day each,.....will be interesting to see, how ZEN develop Tilapia oil Field, once 25 year licence, tucked under their belt,....once ZEN have sidetracked TLP-103 & get first Djeno horizon well producing (hopefully at 5,000 barrels per day),....massive upside at Tilapia oil Field, (IMO).

Source: https://www.proactiveinvestors.co.uk/companies/news/214540/anglo-african-oil--gas-pencils-in-rapid-ramp-up-at-tilapia-after-drill-success-214540.html

BW

Yes, I remember taking up, an open offer, of about 6p a share, some time ago, SlawekT,....with Wressle, looking very good now, our current Market Cap of about £11m, does not look over demanding, (IMO),....with rising ( https://oilprice.com/Latest-Energy-News/World-News/Saudi-Arabia-Expected-To-Raise-March-Oil-Prices-On-Robust-Demand.html ) oil prices.

BW

Yes, I don't see the oil price weakening, any time soon, Troajan,....which means, food prices are only going to get dearer, (IMO),....I often wonder, if these green politicians, are aware that we started, a cooling cycle in 2020, that will last to 2053;-
"Grand Solar Minimum " ( https://www.tandfonline.com/doi/full/10.1080/23328940.2020.1796243 ).

The share you mention (boil), I have not followed,...I will have a look at it, on the weekend.

The tunes you put on, I had not heard before,....with the way Ukraine crisis is shaping up, and Vladimir Putin comments back in 2018 ( https://youtu.be/8iS0-Mu-yLM ),...a tune from "Madonna - Ghosttown" springs to mind ;-
https://youtu.be/GgDxv0Qg_Rg

BW

According to the below article, Big Oil's proven reserves to run out in less than 15 years;-

"The proven oil and gas reserves of major oil companies are depleting at an alarming pace and face the risk of running out in less than 15 years as resource capacity from new discoveries are unable to replace produced volumes, according to a Rystad Energy analysis"
Source: https://www.aa.com.tr/en/energy/international-organization/big-oils-proven-reserves-to-run-out-in-less-than-15-years/32648

BW

With the exploration cut backs by the big boys,....this is why we are holding, a selection of small oil companies, in our portfolio's, Troajan,....we are also holding, two of those you mention today (EOG & GBP),....mainly holding those oil companies, with existing discoveries,....... ie: EOG with existing production from Wressle oil field in Lincolnshire UK, which is looking very good, they also have acreage adjacent to Corrib Gas Field (Ireland), also holding PRD, who also have acreage close to Corrib Gas Field ( https://www.predatoroilandgas.com/operations/ireland/ ),....we are also holding RKH, with existing Sea Lion & Isobel Deep Oil Discoveries, for the same reason,....here at PET & CLON, we are holding for ratification of Tano 2A.

BW

It's also been bitterly cold, here in Lincolnshire UK, Tacuma,....my money, is on Ireland needs Corrib & common sense will prevail, with the current climate.
Extract:
"Will Russia-Ukraine tensions push up UK gas bills?"
Source: https://www.bbc.co.uk/news/business-58637094

BW

I missed that, Troajan,...I was aware the big boys, had cut their exploration budgets, back in 2020 ( https://energy.economictimes.indiatimes.com/news/oil-and-gas/global-oil-and-gas-majors-announce-major-spending-cuts-as-industry-stares-at-oil-at-30/74785546 ), which is why I have felt comfortable, holding BOR shares, that you mention, with their Darwin Gas Condensate Discovery ( https://www.bordersandsouthern.com/operations/darwin-gas-condensate-discovery/ ).

Just had a look at this BBC article ( https://www.bbc.co.uk/news/business-58637094 ),...see what you mean,.....we are holding a few small oil company shares, in our portfolio's.

BW

Hi covgaz,....I'm 74 years of age, bought my first share (Tesco), when I was about 18 years old,....I trusted what was put in an RNS, until that DES experience, I mentioned in previous post.

BW

Hi Falky,...yes, all history now.

Keep safe, in these covid 19 times,...all the best.
BW

I've penciled in, 40 to 50 million dollars ( https://10isdsstories.org/cases/case9/ ) as a minimum, SpaceHoppa,.....hopefully news soon.

BW

Just checked, I don't have anyone on filter, SpaceHoppa,.....there are some negative comments, from some of the posters,......I can only assume, they are not happy with their past or current investments decisions, regarding RKH,....I'm OK with our RKH shareholdings, RKH owe us nothing,....the one I'm not happy with, is our past DES shareholdings (RNS Oil Discovery, followed by a further RNS, at 0700hrs the following Monday morning, before the Market Opened, turning the Oil Discovery to water, over the weekend period, ) experience,....now that is something to complain about, (IMO),....I'm hopeful, that when RKH get to the "Oil Discovery at the Isobel Deep well in the north Falklands" ( https://www.theguardian.com/business/marketforceslive/2016/jan/11/rockhopper-rises-11-after-new-falklands-oil-find ), then those Losses on that DES Oil Discovery RNS that was turned to water, will come back out of the old DES acreage, along with Profits.

BW

Thanks Troajan,....that's something I had not thought about;-

https://www.oxfordenergy.org/wpcms/wp-content/uploads/2021/07/Does-Ghana-Need-LNG.pdf

https://www.energyforgrowth.org/memo/first-of-its-kind-for-sub-saharan-africa-what-remains-for-ghana-to-successfully-launch-tema-lng/

BW

Well yes, it does appear to be having a positive effect, on our PET shareholdings s/p level,....positive news, on ratification of PET 30% interest & CLON 60% interest, held in Ghana Tano 2A, should see both PET & CLON multibag, (IMO).

BW

I also increased our BOR shareholdings yesterday, Rookie1,.....it went through on the other exchange, https://www.aquis.eu/aquis-stock-exchange/for-investors/trades?securityidaqse=BOR.GB ,.....not long to wait, to see if that was a good move.

BW

That should read: "we also hold a GBP (Global Petroleum Limited) shareholding, which it does affect, positively,

BW

I have been puzzling over that, Pauly80,....we are holding both CLON & PET shareholdings,....we also a GBP (Global Petroleum Limited) shareholding, which it does affect, positively, ....thanks for posting link ( https://www.reuters.com/business/energy/exclusive-shell-hits-oil-gas-namibian-offshore-well-2022-01-25/ ), Onassis.

BW

Just seen this link ( https://www.reuters.com/business/energy/exclusive-shell-hits-oil-gas-namibian-offshore-well-2022-01-25/ ), posted on one of our other shareholdings board,....excellent news, (IMO).

BW

Those of us already holding COBR, know the potential upside, if one of our IOCG targets, comes in,.....we are holding two (COBR & COB), Australian shareholdings at present,....happy with COBR, as we hold those in our two ISA's,.....annoyed that we can't hold "Cobalt Blue Holdings Ltd"(ASX listed), in our ISA's.

BW