Member Info for wraith

Thanks for link ( https://www.reuters.com/business/energy/equinor-prepares-sale-corrib-gas-field-stake-sources-2021-05-26/ ), soulac,....Corrib, is the reason, why I still hold EOG shares.

BW

Already have a good size RKH shareholding position, pre2rcd,....I'm not greedy,.....RKH owe me nothing, happy to sit back with what we hold, awaiting news.

BW

There is huge potential upside for us, with Tilapia oil field (IMO), Florida,....I don't mind paying more for ZEN shares, once we have the certainty, of Tilapia oil field, tucked under our belt.

BW

Once we get positive Tilapia oil field news, that's when I will consider, further, substantially increasing our ZEN shareholdings,....I'm comfortable, with the way progress is being made here at ZEN, but only have light exposure to ZEN at present, (currently holding, just over one third of a million ZEN shares).

BW

Been away from base for a few days,.....nice to find an RNS ( https://www.londonstockexchange.com/news-article/RKH/ombrina-mare-arbitration-update/14977491 ), giving certainty of July 2021 date, for the Ombrina Mare arbitration, on my return.

BW

Found this article ( https://www.rystadenergy.com/newsevents/news/press-releases/big-oil-could-see-proven-reserves-run-out-in-less-than-15-years-as-output-is-not-replaced-by-discoveries/ ) an interesting read;-
Extract:
"The proven oil and gas reserves of the group of major companies called “Big Oil” are falling at an alarming rate, as produced volumes are not being fully replaced with new discoveries."

BW

Thanks for posting link ( https://newsweb.oslobors.no/message/532904 ), Fakevenues,....nice to see, the completion of EPT acquisition.

BW

That's the sort of news ("Big Oil could see proven reserves run out"), I was expecting, mike33,....thanks for posting link, ( https://www.rystadenergy.com/newsevents/news/press-releases/big-oil-could-see-proven-reserves-run-out-in-less-than-15-years-as-output-is-not-replaced-by-discoveries/ ).

BW

Don't see much potential downside myself, Takeyourbets,.....watching ZEN closely now, not reached our target ZEN shareholdings level yet.

BW

I'm not going anywhere either,....will hold our EOG (all held in two ISA's) shareholdings, indefinitely....I find it easy to hold when underwater,.....more difficult to hold full positions, when looking at good profits,....then I'm always tempted to top slice, to free shareholdings positions, plus cash profits.

BW

With the warrants expiring within 12 months, from the date of issuance,....if the warrants are exercised, that would be a total amount of shares issued, in this placement, of 160,000,000 new ZEN shares, at an average price of 1.60406p, giving a total raise of about £2.567m, by my calculations,.....which leaves me feeling very comfortable, with my decision to start increasing (s/p@0.895p) our ZEN shareholdings, last Friday.

BW

Yep, still here,...got quite a few COBR, tucked away (in a couple of ISA's),....waiting to see, how the IOCG targets shape up.

Tune (Enjoy The Silence): https://youtu.be/aGSKrC7dGcY

BW

Agree Florida,.....I see a lot of potential s/p upside, here at ZEN....I am always looking for the potential s/p downside, I don't see a great deal of downside, from current Market Cap of £11m,,.....hence, I have started to increase, our ZEN shareholdings.

BW

For clarity,....in the success case, of developing the Tilapia Oil Field,....8 to 10 wells was the target, from memory, with each well having the potential, to produce up 5,000 bopd.

BW

Yes, nice summary,....once ZEN have the 25 year Tilapia Oil Field licence in place, in the success case, just this alone without any of the ZEN other interests, should see the s/p much higher (IMO),....ZEN other interests, have given me the confidence to start to increase our ZEN shareholdings, whereas originally I bought into ZEN, just for the Tilapia Oil Field interest,....as an AAOG shareholder, to retain exposure to the Tilapia Oil Field.

BW

Your thread heading ("Gold Going Up - AISC Going down"), is exactly what I'm expecting.

BW

Thanks for the link ( https://inqrate.com/xtravideos/zenith-energy-ticker-zena-zen-presentation-may-6th-2021/ ),Fakevenues.

Having listened several times, decided to start increasing (140,000 tranche today) our ZEN shareholdings.

BW

Agree Bridgedogg1,.....,with only 157m PET shares in issue, on positive news, the potential upside here at PET, is huge, (IMO),.....I also believe the Oil Price will stay strong & rise,.......with the Oil Exploration cut backs (of about 30%), by the big boys,.......coupled, with the fact that we are just starting, a Grand Solar Minimum cycle, which will last for the next 11 years,......with planet Earth getting cooler, which in turn, should result in even higher demand for energy.

The concert party, does appear to be right, for PET's Iraq interests.

Good luck to you also, Bridgedogg1

BW

Well put, Spuddymadrid (reference, "Jesus" quote),.....we appear to have our own personal prophet, trying to save us.

Tune: https://youtu.be/u1xrNaTO1bI

BW

Just been catching up here at ARG,....good to see we have our PL001 Licence Extension & Fund Raise,.....with only 221m in issue, on any positive farm out news, ARG s/p will move strongly to the upside, (IMO).

BW