Member Info for wraith

I'm of the same view, sharefall,....good quality proven resources, such as BOR have, along with the potential in their acreage, with the Majors reducing their exploration budgets ( https://www.reuters.com/article/us-global-oil-cuts-factbox-idUSKBN21E0MJ )by around 30%,....oil price looking strong going forwards,....bought several hundred thousand BOR shares back (in two ISA's), second half of last year myself & that's where they are staying.

BW

All we AAOG shareholders can hope for, is a reverse takeover by 5th May 2021, as I read RNS Dated 5th Nov 2020, irishmouse,...I guess only time, will show the road we will take.
Tune: https://youtu.be/7wfYIMyS_dI

BW

Your welcome HullFC4ever,....they have had plenty of time, to do a full analysis of the Welwitschia well results.

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Thanks Florida,....if I remember correctly, after primary oil production,....there is secondary water flood oil production,....then third stage CO2 EOR, which can increase oil production back up to high levels,....I'm not an oil man, but seem to remember reading something along those lines.

BW

Tune : https://youtu.be/uCGD9dT12C0

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Bought our AAOG shareholdings, for exposure to Tilapia,....I have bought much larger ZEN shareholdings, than our existing AAOG shareholdings,...the way I look at it, the Funds we have invested in AAOG & ZEN shareholdings, is the Gross Cost of our exposure to Tilapia.

BW

Looking strong: https://oilprice.com/oil-price-charts/46

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Not lost patience myself, will hold our existing CLON shareholding indefinitely,...will probably increase, on any hint of good news.

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There are only 157m PET shares in issue, so they can move very quickly, on any good news,....I would have thought, there are quite a few of PET shares, held in very sticky hands, such as myself.

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PET have a 30% interest in Tano 2A Block (Ghana), where they are awaiting ratification, Scottyb,....CLON hold 60% interest in Tano 2A Block (Ghana),....I'm holding both PET & CLON shareholdings, but have top sliced both to free shareholdings, so I can hold indefinitely.

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I top sliced (leaving a free CLON shareholding here) awhile back, Icarus69,....looking in now & again, to see if there any updates on our ratification.

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With our current Market Cap of £57m,...this leads me to believe, it's just a matter of time, before we get our bonds away,...guidance was, very early 2021 (from memory), which I interpret as, Q1 2021.

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I was holding both TRP & GBP in 2014, the reason well was not completed, is outlined in the link below;-

Extract:
“Despite our interest in the deeper targets, with their large potential resources, this raises the question whether it may be better to wait for the full analysis of the current well before deciding whether and where to drill a second well and test the deeper targets with the benefit of that further information. As a result, the Partners have agreed not to drill further at this time and to evaluate the information and its implications for the Block. The well is being plugged and abandoned,” Tower said in a statement.
Source: https://www.offshore-energy.biz/welwitschia-well-disappoints-namibia-repsol/

It was already over budget;- " Current expectations from the Operator are that costs will now be around 10% in excess of the $91 million gross firm well budget".

To continue would have cost a further;- "The estimated cost of continuing the current well to test the deeper targets, including the Albian, now appears to be as much as a further $40 million gross".

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Just been taking a look at our Tunisia interest (was originally here, just for Tilapia),...I see "Well stimulation, optimization and infill drilling have maintained production levels" ( https://www.zenithenergy.ca/operations/tunisia/ ),....one of my other investments is using CO2-Enhanced Oil Recovery, I was wondering if that technology could be used in Tunisia ?

BW

I'm also here for Corrib ( https://twitter.com/mwap80/status/1356679073574043657?s=21 ), brezhnef,...we do not hold shareholdings, in the other two shares you mention,...I wish you good fortune, with all of your investments.

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Still holding shareholdings here at LOGP & PVR myself,....surely, Bond news is getting close to dropping,...well that's what I keep telling myself, when reflecting on guidance given.

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I guessed it was a tongue in cheek comment, B00oooM,....I nearly always buy into positions in several tranches, yesterday was my first HUM buy back tranche,....I'm starting to buy gold producers back, for 2022 forwards, having sold all my gold producers last year,....only keeping one gold explorer (Australian) in the portfolio, by the end of last year.

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Hi brezhnef,....yes PRD is one of my better investment choices, first bought into PRD when they announced they had cornered the CO2 market in Trinidad, quite some time ago,...holding six figure shareholdings in both EOG & PRD,...chalk & cheese at present, with our Gross Average PRD s/p, sub s/p@0.77p (having top sliced at PRD),...whereas here at EOG, still underwater with our Gross Average EOG s/p,...hoping our EOG s/p will come good, with Inishkea farm out.

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Good luck with your future investment strategy, Alwaysone,...I'm in paper profit here at COBR myself, but staying invested,...I started to move some more funds back into gold shares (a gold producer), yesterday.

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That (s/p@18p) would be a Market Cap of £64.26m, B00oooM,...that's lower than our twelve month low,...I will back the truck up, at that s/p level.

BW