Member Info for zebbo

In the bank jan18. Reckon we are less than cash now

He's going to have to do some serious ramping to drop 10% on the market. More likely to create a self fulfilling deal. He was buying at between 4-7p. We are trading around cash value now. I'm happy to sit back to see what unfolds. I think we can agree there will be corporate action, it's just a waiting game

We will also have 4 bites at the cherry, in a proven area COS must be very good indeed. Not exactly a wildcat punt

Treading water with a few bored seller jumping ship. Lets hope Gil reignites some interest...soon Sure, the CPR should make for interesting reading and a possible catalyst for a move higher

100k trade was delayed as most larger trades are. I took the opportunity to pick up another 50k. Bargain. When this pops it could rise significantly. If you have researched you will see the opportunity. Stick in the bottom draw and await for fireworks

All good to me following some DD, will be in for more as funds allow

What shows relative strength is that we have more sellers than buyers and the SP is still up ~20%. That is USUALLY a good indicator of more rises over the coming days / weeks. probably see the early sellers buy back in because of the fear of missing out......lets see

They dont need MAPA to make sales, so a real positive there. Officialdom takes time, they have been given the nod. That was enough for me to make my first purchase

Sound interesting, thought I would start some dd. so would appreciate some input from the knowledge posters on here What is the risk of not getting MAPA sign off ? Does this mean they cannot sell product? What impact will MAPA sign off have on SP? Any idea on financial health Cheers in advance

Breakout, could give us ~�2.60- �2.70 short term

Hi gatto, not sure if COS is the right term as oil is already proven. Its just the size of the prize that is the question. But the fact that Statoil want to 3D the whole block adds further confidence to what lies beyond Verbier, not to mention our other already ID'd targets. The sum of the opportunity is big and very low risk IMHO. I do expect this to be �3 pre drill, maybe more. But who knows what the SP will be after drill, combined with further 3D. Im definitely with Malcy on this one, astonishingly undervalued.......at the moment.

Hi Oilbell, I agree exciting times :-) I understand your enthusiasm but lets not have another Char like performance, if you know what I mean

May pick up 25k ish, as a punt

Ive also been looking at SRO. But cannot believe there is not a catch. Ie they will probably need to raise a load of cash and with current SP this could mean massive dilution. Hence the SP may remaining low Any views

This is the right time to buy. When all is quiet. ECO and JOG are my biggest holdings and I expect both to be materially higher come the autumn. Great risk reward plays.

Cebo, just my view. Rarely will you see top end of SP broker f'casts etc. Plus we may not get 150 barrels. However agree there are further opportunities that may deliver a 5 bagger. Just that the market does not currently recognise JOG for the value that currently exists. So whats to say the market will reflect true value after the appraisal well...We all know the market can be poor at regognising and reflecting true value, but it will out in the end. I think we can all agree on that

Not sure what you are driving at IJT as the deal with Total is already fixed regardless of what we have in the CPR. Just makes it a no brainer, if it isnt already. With 3-4 drills I dont see how we can fail and I expect the SP to rise accordingly, as plans firm up. Start doing the sums and this could easily do a Cove Energy

Positions are been taken, as I have said I reckon �3 pre spud and �4 if we are at the top end of estimates. Who knows beyond that. Just my conservative view. The market is tight for stock, this will only exacerbate the SP moves.

Had to pay 209 for my 5k. Prior to that I could sell 10k, but could not buy 500 when SP was 207. Feels like the MMs are trying to shake out some stock. Let the re rate continue..

Had to pay 209 for my 5k. Prior to that I could sell 10k, but could not buy 500 when SP was 207. Feels like the MMs are trying to shake out some stock. Let the re rate continue..