Member Info for zanmantate

You've just said 70 is a good barrier to break, but you're not sure if it'll retrace. Seems like you've answered your own question to me. Had big resistance at 70 so very pleased to have broken it, and on the way to 90p soon looking at upcoming news flow! Urraca, if you're referring to me its Zan or Bruce from the shadows :)

Looks to me the closing of bonks massive descending wedge happens to coincide with hopefully the end of a massive dry spell in MOD news (which has pushed their SP down as well). Haven't heard anything for months regarding assays, drills, (consolidation?) etc, surely we're due a significant update on all fronts from MOD. This will be the catalyst imo, when technicals and fundamentals align to give us that break we've been waiting so long for. Just my opinion, all eyes on MOD for me.

That sign off was meant to be Bruce not Rich haha. Never mind, bed for me.

Haha will do tele! Rich ;)

I honestly just think its a matter of time with the �1 shout. People talking about end of year, I can see 90p by the end of the 2nd quarter. Theres just so much news flow here in the coming weeks and months. Alright ramp over, back to the shadows. ATB

US withdrawing from the Iran deal and will be placing the "highest level" of economic sanctions on Iran. Lets see where oil goes from here...

Any small hint of momentum, like this morning with a few nice 2.09p buys, just gets killed off instantly with 1m in sells bringing us back down. Happened numerous times now.

Thats right WT.

Trump to announce his decision on the Iran deal 2pm DC time (7pm UK time).

Trump to announce his decision on the Iran deal 2pm DC time (7pm UK time).

Yep as WTI price increases, the final product of DTU (i.e. improved oil flowback) also increases in value. The case for a firm using DTU literally becomes more cost effective the higher the price of WTI. Apart from the obvious increased revenue from ED, another factor to consider from higher oil prices is the improving sentiment from the investment community. With the words of cully freshly in the minds of a load of II's, a return of sentiment to the O+G industry (which has being lacking lately) could be very significant for us and other undervalued oilers.

Similar to other posts I'd love to know how much of the current drill campaign in Morocco has gone into replacing existing depleting reserves, and how much (if any) is classed as surplus where we are actually increasing our reserves. Ideally split by discovery. Furthermore, some roadmap of the plan ahead like; from that we have also identified potential new areas where additional resources could be found (i.e. LNB-1, LMS-1 etc). These are X, Y, Z which have the potential to add (?) to our reserves. Something to that effect I reckon would be very helpful to the market and makes it a bit easier to gauge progress and value. Just my layman view - good progress as always from PW and the team.

Cheers for the replies all, good insightful discussion to read through

WTI having a crack at $70. Trump has until next Saturday to make a decision on the Iran deal. If it swings the way people are thinking we could be seeing a lot higher prices!

Not sure I follow this, can someone explain? Either way, long (hopefully sunny) weekend. Lets see if we get a MOD shaped surprise when we're back. Enjoy all.

Id highly recommend watching the UKIS presentation + Q&A with MM. Some interesting quotes from him: "every announcement with any drill hole; the exploration teams of each major are plugging that into their database" "theres two ways this will go, either we develop it... or theres some sort of a consolidation event. Look, at the end of the day its a lot easier to finance these things if you own 100% of them". - (Context - 30% MOD jv) "I'm fairly confident we're onto a winner here" (Context - Botswana)

A mid week chart update bonks! Is someone getting excited? :) Doesn't take much to move the SP, any sustained volume could give us a nice break of that wedge. Heres hoping. ATB

I can confirm IAmNot's excerpts are accurate from the email. It should be noted these are Erics personal thoughts.

Not able to tune in this evening so any updates are much appreciated. Cheers all

30 minute countdown for COGCC hearing part 5 live stream on youtube. Looks like it'll be kicking off at 9:30pm.