Member Info for wraith

I'm also more confident, brezhnef,...one of my other shareholdings (PRD) released an RNS ( https://www.londonstockexchange.com/news-article/PRD/licensing-legislation-offshore-ireland/14850575 ) today, on Licensing Legislation Offshore Ireland.

BW

https://www.argusmedia.com/en/news/2181082-argus-live-crude-prices-could-surge-to-80bl-in-2021

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"Cracking job" (first-class / excellent),...thanks for posting link ( http://www.proactiveinvestors.co.uk/companies/news/940033/union-jack-oil-updates-investors-on-wressle-field-and-west-newton-940033.html ), brezhnef,...Production Cost US$8 to US$9 a barrel,...good interview.

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Saw the link ( https://www.guerillainvesting.co.uk/2021/01/25/zenith-energy-congo-update/ ), earlier,.....Tilapia, yep thats why I'm holding ZEN shares.

BW

We have a little more invested in BOR than RKH, SS17,...at present, our ratio of Funds invested across BOR & RKH is,...52.84% BOR & 47.16% RKH,...although both of our BOR & RKH shareholdings, are now in profit positions,...BOR = 67.8% of the enlarged Funds value.
I have considered leveling the percentages up, at the current enlarged Funds value,.....a similar strategy, to what HappyInvestor100 is taking,.....I did a rough calculation earlier, to level the percentages up across the two, I would have to sell 25% approx of our BOR shareholdings, putting the proceeds into RKH,....I am happy with both positions for now, but if they get to far out of balance, I will probably level up a bit,...as you say, huge potential in each.

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Invested in both RKH & BOR myself,...happy with both positions,...( "scharnhorst" ).

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Thanks for the link ( https://twitter.com/Europaoilandgas/status/1352556203319185410 ), ivans,...that's great news.

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Market Cap of £49m, on a farm out completion, would equate to BOR s/p@10p approx,...I would expect, BOR to be around that Market Cap level, on a successful farm-out,...been a very good week.

Have a good weekend all here.

BW

I normally only respond, to the parts of a post, that interest me, GRH..., very good progress, being made here at PRD, (IMO).

BW

Excellent RNS ( https://www.londonstockexchange.com/news-article/PRD/pilot-co2-eor-trinidad-results-operations-update/14833084 ),....the potential of CO2 EOR, is why I initially bought PRD shares,...Morocco came along, after I had bought into PRD (looking forward to the drill, though),...the only action I am considering, on that RNS, is whether to average up (our Gross average being sub-s/p@0.77p) further, having already averaged up, from free PRD shareholdings.

BW

Been increasing our COBR shareholdings, over the last couple of weeks,...not sold any COBR shares today, either,...sticking with what we hold, for now,...good update.

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Agree, Kensington,...I have long been of the view, that the Falklands oil shares (RKH, BOR & ARG), would start to get interesting again, from 2021 forwards,...at present, we have two of them, holding BOR & RKH shareholdings, in our two ISA's,...very nice BOR s/p rise to date.

BW

Thanks, pigmonster,...it's been a long wait, for some of us,...I've always liked BOR acreage.

BW

If the s/p ASK pulls back to a level, where I can reduce our Gross Average s/p levels (not there yet), I will increase further, Carribean2029,...if the update is good, resulting in s/p rise, will stick with our existing COBR shareholding levels.

BW

That's when I first bought into PRD, GRH..., on the announcement, of cornering the CO2 market in Trinidad,...looking forward to Morocco drill, which is a very nice bonus for myself.

BW

The next update must be soon, (IMO),...that's why I have been increasing our COBR shareholdings, over the last couple of weeks,...if good update, we have reasonable COBR shareholding levels now, for the 4 potential IOCG targets.

BW

Yep, excellent RNS ( https://www.londonstockexchange.com/news-article/PRD/pilot-co2-eor-trinidad-results-operations-update/14833084 ),...I like the way it's shaping up here, under Sub Heading "Business development",...pleased all of our PRD shareholdings, are held in our two ISA's.

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Yes, I turned 73 years old, last December,.....the years have been kind to me, still, fit & healthy,...hope all is well with yourself also.

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I'm not going anywhere, Carribean2029,...been increasing here at COBR, over the last couple of weeks.

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Agree, ivans,...RNS is very good news, (IMO),...the market appears to like the news also.

BW