Member Info for wraith

As we get closer to update, would also expect to see s/p, strengthening further, myself.

BW

I'm pleased to see it DelBoi,....having shareholdings in, LOGP, PVR, EOG, & PRD, as I do.

https://www.irishexaminer.com/breakingnews/business/pressure-mounting-on-irish-oil-industry-to-show-its-worth-894910.html

Extract : "For now, at least, the public seems to agree. More than 60% of respondents to a recent survey on Ireland’s energy needs said that offshore oil and gas exploration and production can help protect Ireland from the potentially negative impacts of Brexit."

BW

Yep, the risky bit, on 103, is done, as said in one of the interviews.

BW

Agree TIPTOP,....for myself, AAOG already are, (a screaming buy),...time, to get the Strong Buy out.

BW

It's good, to have your comment, bigmj,...."Another placing anytime soon very very unlikely, I would know much more than the “experts” on here .",......as a counter, to those who have been peddling, the scare tactic, of another placing.

BW

Hi scoredagainsteps,...with the slump in Oil prices, safely negotiated, BOR are well positioned going forwards,....with, exceptionally imaged 3D seismic, on the Darwin adjacent fault blocks,......... an independent assessment, of the geological chance of success, of Darwin West finding hydrocarbons, being 0.81,....Darwin West, being targeted for next drill (with possible side-track),.... Darwin West well, will also be designed, to test whether there is an oil rim, to the accumulation,....we are looking in good shape, to attract a Farm Out (imo).

Source : https://www.bordersandsouthern.com/media/pdf/2017%20Annual%20Report.pdf

BW

Also looked at the 5 year chart last night,......anyone have any ideas, why we changed our Financial Adviser on 18 February 2019 ( https://ir.q4europe.com/Tools/newsArticleHTML.aspx?solutionID=2134&customerKey=BordersAndSouthern&storyID=14220838 ).

http://www.strandhanson.co.uk/

BW

I'm far to long in the tooth, to be influenced, by negative agendas,.....it's about time, we saw some upward movement, in s/p, considering the positive result, of 103 drill,.....but I can wait (&will), until Hell Freezes over, for our Market Cap, to reflect true value,....for myself, that will be, after 104 is drilled,...103 results are very good, but just a stepping stone, to the true value, that good 104 drill results, are likely to take Market Cap to.

BW

Welcome aboard NigelHaemoglobin,....as Vmax points out, LK is using stepping stone approach (mentioned in one of the clips, on website), which I like.

BW

At this point in time, I will not be De-risking rossannan,.....did my De-risking at around s/p@4p level, when s/p@3.5p placing was announced, sold all of my Core CERP shareholding (don't short shares, myself), in slight profit.

Started buying back, my Core CERP shareholding, at s/p@2.85p (first tranche), followed by several more tranches to date, resulting in my current CERP Gross average s/p@2.58582p,.....I look on my CERP & PRD shareholdings, as a linked investment (same as my PVR & LOGP shareholdings),....here at CERP, as my PRD shareholding is Free & my CERP Gross average s/p is s/p@2.58582p,....I use a blended Gross average s/p, which gives a Gross blended average s/p@0.64331p accross my combined PRD & CERP shareholdings ( which total, over a quarter of a million shares, to date.).
With above strategy completed, I have no need, to De-risk PRD or CERP any further,...only Buy more of either, as fresh Funds build.

BW

I'ts about time, JD01.

BW

Agree Chesh, on all three points,....nice to see the rise here,....looks like, I will be averaging up, here at CERP, going forwards.

BW

Had similar thoughts myself Anthony_,...the Chines are already in Barryroe & IOLAR , & looking for further blocks;-

" Mr. Colin Lui , Chairman of APEC Energy Enterprise Limited commented:

"APEC, supported by Jianyin Investment Company and China Offshore Services Ltd, are very pleased to have strategically joined forces with Providence and Lansdowne to develop the Barryroe field. This field has significant recoverable resources and we look forward to jointly developing this opportunity. Whilst the Farm-Out Agreement has been agreed specifically for Barryroe, the parties have also agreed to jointly investigate further opportunities in other licensed blocks offshore Ireland in the future."
Source : https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PVR/13584024.html

BW

The Major, no doubt, will be watching, the ExxonMobil and China's Nexen (CNOOC) IOLAR drill this year,....success there, will see our s/p fly, (imo).

BW

I'm also looking forward, to 104 drill TipTop,......we have a great result, with 103,....with my Gross average s/p sub last placing price of s/p@10p,...I'm strapped in, for 104 drill,....as you say, it's going to be a great summer.

BW

Still slightly under water, here myself,.....but the 80,000 at s/p@3.34p, that I have added today, has brought my Gross average s/p down, to a comfortable level,....buried my Gross average s/p, deep under water, at last placing.

BW

Yep, agree with you,....added a few more myself today.

BW

The chart, shows the Bollinger Bands channel, our s/p is locked in, at present,...once we have CPR & importantly Licence, the chart will no longer, hold my attention.

BW

Silverlight,....I invest on Fundamentals, just need a good CPR to confirm,.....I do look at the chart above, which does show our s/p, in a tight (Bollinger Bands) channel, from 4th Feb 2019,....(using the 3 Month,...Chart Type: OHLC,...Moving Average: 3 Exponential Lines (+ x2 x4),...Technical Indicator: Bollinger Bands).

With a good CPR,....I will be very surprised, if our s,p, stays in that tight channel.

BW

Thanks for link, Jimarillo,......Welwitschia Deep prospect, is what I'm here for,....always remembered, what was said in 2014 ;-
"Drilling has been behind schedule initially owing to late rig-delivery and operational issues during drilling and logging, including the onset of winter weather conditions. Current expectations from the Operator are that costs will now be around 10% in excess of the $91 million gross firm well budget.

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. 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."
Source : https://www.towerresources.co.uk/2014/06/welwitschia-1a-drilling-update-jun-14/

Now is the time (window), to drill Welwitschia Deep prospect (imo), with well costs much cheaper, than back in 2014,....would like to see Gemsbok, with its Oil Seeps, drilled also.

BW