Member Info for wraith

I'm also expecting a favorable time-line (IMO), for the Gold Price, starting somewhere around the second half of 2022 (which is why I have recently, been investing in HUM shares), BushyTailed.

BW

Welcome to the board, Edmungus,......"Advfn",.....my first "LSE" post , was back in 2008,.....I have only ever, posted, on "LSE" boards.

BW

Still hungry for RKH shares myself, took two more tranches this week (increasing our RKH shareholding, by a further compounded 36%), buzzthomas,.....our buy (s/p@10p) today was bought early doors, on
Aquis - Aquis Stock Exchange, so does not show above.

Have a good weekend,
BW

"risk premium for oil" (Source: https://www.ft.com/content/3a094943-5663-477f-96d9-13f230880b7b ),....that's not going to go away, any time soon (IMO),.....US$70 oil price, is looking good, for, sea lion / RKH, (IMO).

BW

That's it, all our ZEN shares tucked up now (Bed & ISA done), milnrowmug,....will sit back now, awaiting news flow.

BW

https://www.cnbc.com/2021/03/04/opec-meeting-saudi-arabia-and-russia-to-review-production-policy.html
Extract:
"Saudi Arabia also said that it would extend its one million barrels per day voluntary production cut into April"

BW

Tune for weekend (Fields Of Gold ): https://youtu.be/KLVq0IAzh1A

BW

Welcome aboard, Killerpidgeon.

BW

That would be a bagger+, for myself, 0rient,...but would not want to sell, at that s/p level, (s/p@21p / 22p).

BW

Yes, I definitely want to get all our ZEN shares, in the ISA's, milnrowmug,....there is massive upside, in the Tilapia field (IMO).

The Djeno wells, have the potential, to produce up to 5,000 barrels of oil per day,....from memory, the plan was to drill a total, of up to 8 to 10 Djeno wells, in total,....starting with TLP-103C-ST , with the option, to drill 4 follow-on Djeno wells, for a start.

Extract:
"The Rig Agreement gives AAOG the right to contract the rig for TLP-103C-ST and a further four wells at our call."
Source: https://www.aaog.com/content/news/archive/2019/121119

BW

Good to see RKH has got its licence extension until 1 November 2022 ( https://www.**********.co.uk/articles/rockhopper-exploration-granted-license-extension-from-falkland-islands-government-9a3f67e/ ).

From memory, Darwin discovery breakeven, is about US$35 per barrel,....at our current cash burn (again from memory), we should have Funds, for around another 21 months, approx,.....with the outlook for oil price, as the Vaccinations are rolled out & demand recovers, existing discoveries such as Darwin, should have a much better chance, of attracting a farm-in, (IMO),....Oil Price, when I checked earlier today, was US$69.36 a barrel.

darwin gas condensate discovery: https://www.bordersandsouthern.com/operations/darwin-gas-condensate-discovery/

BW

Yes, the oil price is looking good,.....got ZEN tucked away in a couple of ISA's, still got some to bed & ISA here,.....agree with you, once deals are sealed, there looks to be good s/p upside here, (IMO).

BW

Agree Tuggy,....ARG are a buy for myself, now sea lion is looking good to go,....I remember the Royalty deal, I would also expect ARG, to take the same road again,.....I always like no dilution deals,.....I accept they will probably have to raise some Funds, but I'm happy with that, as I outlined in one of my previous posts.

BW

Extension of North Falkland Basin Petroleum Licences, (Dated 5 March 2021).

This is the bit I like;-
Extract:
"following discussions between the joint venture partners, Harbour Energy and the Falkland Islands Government ("FIG"), FIG has agreed to extend each of the Company's North Falkland Basin Petroleum Licences, including the Sea Lion Discovery Area, until 1 November 2022, with no additional licence commitments."
Source: file:///tmp/mozilla_dad0/1458576.pdf

BW

Agree with you,....I have always viewed Fiat Currency as a tool,....Gold as real money & a store of wealth,....with property as a long term store of wealth, providing a stable income stream, of Fiat Currency,.....50% claw back covenants on land (max 80 years), as good medium to long term investments, for large Capital Gains, that can be held with Zero costs,.....COBR, held for relatively short term large Capital Gains, if all pans out, as we all hope it will.

BW

I have never looked at GGP chart before today,.....your comparison, makes COBR look very cheap,....good to be here, to see how COBR pans out,.....we are holding all of our COBR shareholdings, in our two ISA's, which on that upside potential, is the only sensible place to hold them.

BW

That's just the first tranche fecm,....the market will not be seeing those again.

BW

Been sitting on the fence, for ages here at ARG, with a little bit of retained, crystalized, cash profit on the book,....decided to put it back in today, along with a small amount of seed capital, picking up a small tranche of 34,000 ARG shares,.....I'm already holding RKH & BOR shareholdings,....have been concerned over the licence,....now, with RKH licence extension, also BOR got their licence extension awhile back, I feel more confident, ARG will also get their licence extended,....not concerned by the cash position, as my retained crystalized cash profit, puts me back in, at a Gross Average s/p@1.36614p.

BW

Snap, I'm a landlord, Richpassi,....started the business 2001,....the stock market is my hobby,....believe in having a spread of investments myself, holding thirteen different shareholdings in the portfolio at present, same with the house portfolio (double figures), also claw back covenant on 6 acres of land,....but I certainly would not want it all in Fiat Currency, & I do not appreciate derampers (shorters), talking my shares down either.

BW

Yes, nice to see the strength in oil price,....good for our Trinidad operations.

BW