Member Info for wraith

I also believe, in spreading investments, over several asset classes,.... a portfolio of shares, being one of them, I'm not over exposed, here at EOG, just deep underwater at present, waiting to average down,.....with half the world in lock down, I'm in no rush, to commit more Funds, to the oil sector.

BW

One of my wife's favourite songs : https://youtu.be/b_zHQ6kFuQ0

BW

I know the feeling, I put myself, in self imposed quarantine, for a fourteen day period, on 14/03/2020, in our Lincolnshire property (had been working, on our business properties, up North),.....I'm on route to my wife, who is in Kent, looking after her mother,...got trapped here, by lock down (lawns, have never looked so good),....dropped my wife off at her mothers on 22/02/2020, before going up North,....we have been together for 45 years (I'm 72 years of age),...getting pretty lonely now, in solitary confinement, normally the max time we are apart, is 8 to 10 days.

Yep, job to sit on hands, with so much spare time,...agree with you on EOG, just a matter of picking the right moment in time, to average down (imo)

BW

"Gold Price 'Set for $2,000...Even $7,000' as GLD Leads ETF Surge, Spain Extends Covid Lockdown"
Source : https://www.bullionvault.com/gold-news/gold-etf-042220202

BW

Yes, good update,....looking forward to POG results.

BW

Quick answer, rustybucket,.....No.

BW

Agree Tiburn, that "Forum wont develop Tilapia",.....but I do believe, ZEN acquisition of Tilapia will complete, when reading ZEN RNS below, dated 17/04/2020;-

Extract : " Completion of the Acquisition is therefore no longer conditional on certain regulatory approvals being obtained in the Republic of the Congo.
Under the terms of the Deed of Variation for the Acquisition, payment of the Revised Consideration will solely depend upon the passing of the Resolution at the GM by AAOG shareholders."
Source : https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ZEN/14506179.html

BW

Agree Copper3,....the next two months, does not look good, for the oil sector,....have been holding off, averaging down here at EOG (so still deep under water, here at EOG), & some of my other oil shareholdings,...the only reason I'm here, is for the flagship Inishkea ( Corrib gas) prospect.

"US oil prices turn negative as demand dries up"
https://www.bbc.co.uk/news/business-52350082

BW

Hmm, looks like I should have paid the premium, if I remember correctly, they wanted 0.158p for the 840,000, I was trying to buy.

BW

Just started to average down, here at AAOG, myself, irishmouse,.....took all that was on offer at s/p@0.15p, tried to get 840,000, but they wanted a premium for that quantity,.....all I could get at touch, was the 250,000 on offer, so took that amount for now,.....I also still hold ZEN, for the Mengo/Denjo horizons, but not averaging down there yet.

BW

Still holding my full AAOG shareholding, irishmouse,....will be interesting to see, where we go from here.

BW

Still holding here at ZEN, myself,.....for Congo asset, initially,....just waiting, to see full effects of lock down's, before increasing, my ZEN shareholding.
"US oil prices turn negative as demand dries up"
https://www.bbc.co.uk/news/business-52350082

BW

Yes, good RNS,....everything I read there, is reassuring in these troubled times.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/POG/14509468.html

BW

Not up myself (here at POG), as much as you, KUMS,....but POG is, the largest shareholding (Funds Invested), in my portfolio,....looking forward to the results.

BW

You are welcome, iamrich.

BW

Comment, in RNS below, dated 3rd April 2020;-

Extract:
"Clontarf also notes the passing of insolvency legislation that may assist in the recovery of all of our original Tano 2A coordinates. There now appears to be a legal structure enabling the authorities to recover 529km2 of the original acreage Tano 2A acreage over which Clontarf signed, with partners, a Petroleum Agreement, and which is now awaiting ratification."
Source: https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CLON/14490266.html

This video clip, dated Sep 20, 2019, gives the subject of ratification, coverage;-
https://youtu.be/Cm1mDihuEXQ

BW

I also believe, Gold will go higher,....but would still lock in, a % of production,in stages, at these higher Gold prices, on a staged hedge program, up to the percentage, of total Gold production, for year,....bird in the hand & all that.

The Pox hub technology, is one of the reasons, I chose to buy back into POG, earlier this year.

BW

Yep, agree ivans;-
"Commenting, Mark Abbott, Managing Director of Egdon Resources plc, said:

"Our modelling shows that the Wressle development is economically robust at and below the current oil price and remains a core focus for the business with a current expectation of first oil in the second half of 2020."
Source: https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/EDR/14465869.html

& today;-
"Mark Abbott, Managing Director of Egdon, commented:

"Egdon is pleased to have secured these funds in difficult market conditions to progress our key near term projects. We are grateful for the continued support from Petrichor, an existing shareholder with extensive knowledge and experience of exploration and production of unconventional hydrocarbons."
Source: https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/EDR/14500038.html

BW

I'm patiently waiting, for ratification news,....holding a comfortable amount, of CLON shares.

BW

First bought into GBP, in 2014 myself, Investoroilgas,...also held TRP, back then,...it is getting more interesting again now,....only hold GBP, of the two, at present.

BW