Member Info for wraith

Interesting read ( https://oilprice.com/Energy/Energy-General/The-Most-Exciting-Oil-Plays-Of-2020.html ) Marmited,.....been here for quite some time myself,...quietly waiting.

BW

Holding both PRD & CERP myself, Lancygeo,...all held outright, in two ISA's (Core positions),...no traded (Float positions) positions, open in either at present,....my Gross average s/p, across the two positions (5 figure shareholding in PRD & 6 figure shareholding in CERP, at a Gross Cost of £40-22p), giving myself virtually Free shareholdings in both, so perfectly placed to open Float shareholdings in either, on any positive news.

BW

As you say, LONGWAIT,...a 45% drop on that news, also with good wressle news,...well we decide, where we invest our Funds,....I will hold here at EOG, for positive Inishkea news, but will not be investing, any more of my Fresh Funds, in any AIM shares & each time opportunity presents, in an existing AIM share that I hold, I shall move those Funds, to Main Market shares.

BW

Yes, agree, I also like AAOG asset (Director's at AAOG, not in my best books, either), Tiburn,....still holding here, at CLON, myself,....our true value, should be realized, once ratification is confirmed,....multiples of current s/p (imo).

BW

In one of the interview clips, he gave guidance, that the rig crew, were taking a slow steady approach,....I'm happy with that approach, sarge123,....but it's the Congo asset, that I'm really here for.

BW

This is the info ( https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ZEN/14345428.html ), I'm basing my investment decisions on (this is Main Market, not Aim Market).

Extract, from RNS link above (dated 12 December 2019) :

Andrea Cattaneo, Chief Executive Officer of Zenith, commented:

"The Company looks forward to achieving stabilised production from well C-37 following the completion of downhole operations.
We are extremely motivated to achieve further success in C-30 well deepening operations with the benefit of the important experiences gained during C-37 operations."

BW

Still reading this board (holding, a good six figure, AAOG shareholding), myself,....I'm moving my Funds (when opportunity presents), out of AIM Market shares, to Main Market shares,....no more of my Fresh Funds, will be allocated, to Aim Market shares, either.

BW

Obviously, Gold is looking strong,... but, it's the "POX Hub" technology ( https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/POG/14394747.html ), that has myself, buying back into POG (unlocking, stranded asset's).

Tune (Sting - Fields Of Gold); https://youtu.be/KLVq0IAzh1A

BW

He got a better price (s/p@1.74p approx),....than myself today (increased by 60,000 ZEN shares, s/p@1.751p).

BW

As a new buyer, here at POG,....don't mind them shorting, myself,...they have to buy them back, at some point, & they won't be buying any from me,...having a steady, fresh flow of Funds, to invest, every months.

BW

Agree with your post (Mon 21:3), Garnhiem.
Q&A with Predator Oil & Gas Paul Griffiths ( Vox Markets Q and A with Predator oil and gas Paul Griffiths 15th July 2019 ),....... "The prize is huge in Trinidad",.....I hold a six figure shareholding here, LayLadyLay,...good luck with all your shareholdings.

BW

Had not heard that interview ( Vox Markets Q and A with Predator oil and gas Paul Griffiths 15th July 2019 ), MrMarketMaker,......very interesting,...thanks.

BW

Not forgetting "Gemsbok"( PEL0029 ), with it's oil seeps, seen from satellite ( http://www.globalpetroleum.com.au/uploads/files/reports/19-03-01-gbp-namibia-wp-final-1551428607.pdf ),....this also holds my interest.

BW

Having listened to this interview ( https://youtu.be/ldzsLPZIvtM ),....& noting GBP went after PEL0094 (Block 2011A), containing the Welwitschia-1A well - drilled in 2014 ( https://www.asx.com.au/asxpdf/20191126/pdf/44by9qknj4mxdn.pdf ),....I was holding TRP & GBP shares, when Welwitschia-1A well, was drilled in 2014, by Repsol & TRP.

I only hold, GBP shares, of the two, now,...unfinished business, at Welwitschia,......that's why I'm holding GBP shares,....comment made, in above link;-

Peter Hill, Global Petroleum's CEO, commented:
"Our technical work to date on PEL0094 confirms that the acreage is highly prospective. We are delighted that our review of the data so far has confirmed the high level of prospectivity of PEL0094 generally, and of the Welwitschia Deep prospect in particular , which contains unrisked Best Estimate prospective resources of nearly 800 million barrels. Specifically, our work suggests that the Welwitschia-1A well - drilled in 2014 by previous licensees - was abandoned before reaching the underlying Welwitschia Deep prospect. Moreover, the 2014 well was drilled to the west of the newly identified Marula lead, located in the Upper Cretaceous which was the primary target of Welwitschia-1A. These factors, together with the scale of the prospective resource numbers which we have released today, demonstrate that both Welwitschia Deep and Marula are very attractive targets."

BW

It was worth the wait, for our (PET), WOLFOFWARE (your post on PET, 23 Nov 2018 @ 08:59),...patience, should also pay off, here at PRD, also, (imo).

BW

Yes there has, TheDonofDons,.... 2 February 2015 ( https://www.petropavlovsk.net/wp-content/uploads/2018/06/POG_Refinancing_RNS_-_Feb_2015.pdf ),....see POG, as a recovery to growth play myself,.....recovery bit done, now entering growth phase, (imo).

BW

Same here Jimarillo,....all our GBP shareholding, held in two ISA accounts,.....starting to get interesting here.

BW

You are welcome, tiggerman.

BW

Here is RNS link ( https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CERP/13717981.html ), petersalkeld.

Also https://columbus-erp.com/news/webcasts/.

BW

Yes, it's a multiplication of the percentages, ADNATROB.

Simple COS example:
Probability of Success
Risk Factor Risk (0-1.0)
? Probability hydrocarbon charge 0.80
? Probability of good reservoir 0.80
? Probability of a trap 0.70
(Multiply all the factors) Chance of Success 0.44
Source: http://pages.geo.wvu.edu/~jtoro/Petroleum/21_Prospect%20Evaluation.pdf

Agree, as you say,1 in 3 is actually quite good.

BW