Member Info for wraith

Bought back into PVR myself today, ROCKLAWN,...had another look at the farm-out structure last night, deciding to Buy PVR & LOGP back today,......liked what I saw & took both, straight to six-figure shareholdings.

BW

Hi, thewackmiester,.....We are also holding PRD,...having moved out of most of our Oil & Gas shareholdings, into the Gold sector, at the start of this year, started buying back into Oil & Gas sector (including PRD), in June this year,...decided to Buy some LOGP & PVR back today, after looking at the structure, of the Farm-Out more closely last night,...not sure why
Wressle, has been mentioned on this LOGP board,.....we are holding EOG, for Wressle & Corrib exposure,....will be interesting to see, how demand recovers, as the vaccines are rolled-out.

Found this an interesting presentation, Proactive One2One, dated 26/10/2020: https://www.proactiveinvestors.co.uk/companies/news/932354/providence-resources-ceo-alan-scott-linn-presents-at-the-proactive-one2one-virtual-forum-932354.html

BW

With your reference to PVR/LOGP, I also noticed government approval still required,.....I'm more hopeful with the outlook for Corrib;-
Extract:
" Corrib field constitutes around 95% of Ireland’s natural gas production "
Source: https://www.offshore-energy.biz/vermilion-set-for-corrib-irm-campaign/

BW

Thanks for posting, had not seen that article( https://www.energyvoice.com/oilandgas/282670/sea-lion-chrysaor-premier-oil/ ), fecm,...it's all looking very good, (IMO).

BW

We are of a similar age then, buffit,...good to hear you are in a strong position, with those T20's.

I wish you a good Christmas & a Prosperous New Year.

BW

You're braver than me, using T20's on RKH at this moment in time, buffit,...probably my age now (will be 73 years of age, in a few day's time), making me more cautious these days,...I do still use T20's in the trading account, but like to have a large percentage of them covered, with our forward projected surplus cash flow.

BW

Not trading RKH, Surfit,... increased with T2 Buys, straight into our two ISA's (all of our RKH shares, held in our two ISA's, at present).

Will probably pick up some RKH, in our trading account, on positive news announcement, but not until,...will only Buy T2 direct into ISA's, until the release of positive news.

BW

COBR is "Main Market" listed:
"Cobra Resources plc (“Cobra” or the “Company”) is an exploration and mining company whose securities are listed on the main market of London Stock Exchange."
Source: https://cobraplc.com/

BW

Exactly,...it's being in a comfortable position (Gross average s/p level held at) to hold,...not how many shares one holds, that is important in my book.

BW

With our low breakeven oil price, of US$17.62 per barrel at Wressle, we should achieve good cash flow, with future oil price forecasts in the US-$60 range,...just need that elusive farm-out next, to trigger an upward re-rate in our s/p, (IMO).

BW

If I was a warrant holder, would be using a Gross average s/p level across all of the warrants that I held, as I sold down at a profit, giving a reducing Gross average s/p level, as I reduced,...this is how I create Free shareholdings, more difficult for us small PI investors to achieve, as we don't start with a discounted s/p price.

Just sitting on hands, waiting for those 4 IOCG targets myself.

BW

Correction: .increased further "here" yesterday.

BW

I see you have the Strong Buy out,Marunam2,...I have to agree with you, as that's exactly what I have been doing,....increased further her yesterday, but then I am a contrarian investor.

BW

Yes, I also picked up on the reference to 1990, fecm,...as I recall, when listening to Tony in an interview awhile back, he said something along the lines, Sea Lion is on the shelf ready to go.

BW

Not a PMO shareholder myself, but have been taking another look at, " Proposed merger of Premier and Chrysaor Holdings Limited (“Chrysaor”) and the reorganization of Premier’s existing finance arrangements " dated 06 Oct 2020 ( https://www.premier-oil.com/premieroil/media/press/proposed-merger-of-premier-and-chrysaor-holdings-limited-chrysaor-and-the-reorganisation-of-premiers-existing-finance-arrangements ),.....in regard to the " Rationale and benefits of the Transaction ",...one bullet point that I picked up on was:

". Create a business with a stable platform for future growth and the ability to fund and realize value from its development portfolio and international exploration projects."

Also had a look at Chrysaor ( https://www.chrysaor.com/who-we-are/ ),...would have thought Sea Lion, needs to get developed quickly, in light of recent news.

UK recent news:
"Prime Minister Boris Johnson on Friday announced an "ambitious" new target to reduce the UK's greenhouse gas emissions by at least 68 percent by 2030 compared to the levels in 1990".

BW

According to this article ( https://www.offshore-energy.biz/vermilion-set-for-corrib-irm-campaign/ ), the " Corrib field constitutes around 95% of Ireland’s natural gas production ", DreamOn.

BW

As BOR Production Licences, PL018, PL019 and PL020 have been extended to 31 January 2022 ( https://ir.design-portfolio.co.uk/viewer/11/1004 ), I am expecting RKH to have recieve similar treatment.

BW

The good news here in the UK;-

First Vaccine approved in the UK: https://youtu.be/jt8cEDd3tSc

BW

Was not here at HUM earlier this year,...was buying into the Gold sector (started buying POG shares s/p@15p level) at the beginning of 2020,...switching some profits from POG, into HUM & COBR in more recent months,...before buying POG at start of 2020, I had not held any Gold shares for many years,...used to hold CEY shares back in about 2010, but not held them since, so cannot comment on CEY,...switched out of most of our Oil & Gas shareholdings into POG shares at the start of 2020, been moving some Funds back into the Oil sector, from June this year,...HUM will now be my main target to increase in the Gold sector, building a position here for 2022 forwards.

BW

I'm building a position here at HUM, for the future outlook for Gold prices/inflation & HUM future prospects,...good news on vaccines, is encouraging;-
Extract:
" US inflation expectations hit 18-month high on vaccine hopes "
Source: https://www.ft.com/content/609239e8-ca3a-4a20-aa64-0ba1f31c2003

BW