Member Info for Zebra04

Its nice there's so many posters giving out advice and warning others about buying this.

Must be purely altruistic reasons. Lol.

Lvl 2 close is 12.5 bid

@Profitjock.

More than the entire float was traded over 2 days. 4.3bil shares.

Typically they don't hold. Start forward selling to take advantage of thier below market price entry. Here they were able to exit with 3x plus and plenty of liquidity. Doubt there's many left.

Wireline logs should be interesting. This was priced to go broke and now the positive preliminary results.

Correction Tai-3

New here with small punt.

Why 0.35p

Why raise before wireline log results and analysis? So far, the results are positive, and momentum took it to 0.70p.

Positive wireline logs and momentum increases in anticipation of flow tests. (I'm assuming it's the same as O&G sector)

Tai1 showed there was a deeper source from which hydrogen was migrating. You don't always hit the sweet spot on the first go. IW1 so far looks closer to this source and appears to have been calibrated well from the data they gathered from Tai1.

The company can raise at £50mil if they're patient.

This is an interesting one. Still down 90% from 2 months ago.

9p in July with 900mil shares. Now 3.5bil shares and 0.60p

Why did this fall so much over the last 6 months?

I apreciate the board updating shareholders regarding testing the day after it was due to commence.

Ireland is a nice icing on top.

Thanks Keith, I've asked them to remove my post but no luck.

We don't have unlimited time. Those calling out others for being concerned should remind themselves,

"Regulatory approval of the Guercif Petroleum Agreement Amendment #4, which is proposing to extend the Initial Period of the Guercif Petroleum Agreement to 5 June 2024, is a pre-requisite before Phase 2 testing operations can commence.."

This was glossed over as the headline was testing is about to start, but it makes sense why morroco was at the bottom of the last rns.

It's ridiculous that the board has let the company get to a stage where it can't complete testing until we're granted an extension. That is how long it has taken.

What if it's rejected?

I'm sure the board works incredibly hard as other posters claim.

In reality, they have let the company reach a vulnerable position because they have yet to test a well they drilled 2.5 years ago.

I'm no expert in this field. Those who claim to know this sector are saying the results so far are positive. As does the company. A multi-billion market cap, 1000 bagger etc etc.

Considering the morrocon government has renewed the license three times already, it wouldn't be unreasonable for them to reject the current application due to lack of progress.

Why not keep 100% to themselves? Especially when the other party hasn't kept to their contractual obligations.

Yahoo is only place showing 18mil volume.

Everywhere else it's 4.5mil.

Could just be a glitch with yahoo finance.

@bowlesd

I agree although with only a 2 week window from rns to testing it should be ready to go ahead. I.e paul is certain this time.

Similair to mou4 and how that moved along.

@Jimmy

How much data will phase 1 testing provide given we're not testing all the targets.

How much does phase 1 derisk phase 2?

Congrats on your retirement silverfoil. Wish you a long and prosperous one.

PRD is my plan to early retirement.

@silverfoil

Top slicing normally makes sense but exit here should be special dividend. That will be worth more than any market price you get for your shares.

If the sp runs up to 50p then things are well in motion and at some stage we'll recieve an offer to buy our morrocon license. It will be too late to increase your shareholding at that stage.

We're at 2018 share price with almost 6x more dilution. Even a savings account would've performed better.

The whole company can be sold for £55mil today. Almost 60% down from summer high. Crash the sp to lower the chance of hostile takeover? Makes sense.

3 Wells untested.

1 well unfinished ( last we know Paul paid some lab to test the drilling mud).

Every day that goes by without testing is a delay when testing should've been completed last summer.

I'm surprised management has lasted this long without being replaced for poor performance, repeated missed deadlines and false promises every chance they get. What has the sp done over the last 5 years? What revenue have we generated in 5 years?

People getting excited by potential 2mil from Cory moruga when our last adventure in Trinidad didn't go well. I've been through all the years of Trinidad pumping by management before, it leaves me with near zero confidence for Cory moruga.

Test the Wells. We didn't sign up to or care about Cory moruga.

If the Cory moruga license was as exicting as guerciff I would've invested in Challenger.

To add to my post.

Another point that stands out to me is the reduced testing zones. I agree with Jimmy that leaves some value off the table in the short term. However if you were in doubt you would test as many intervals as possible to increase the chance of success.

Whereas if you were confident in the resource you could get away with testing a smaller section to prove up to market.

Posters know I've had my issues with the delays however I've spent some time going through all the video presentations paul has done.

Paul still comes across as a stand up guy which makes it difficult to understand how he would be okay with all the delays and sp performance since summer. Lonny as well.

If I was in Paul's position the only way I would feel okay about delays and shareholder grievance would be if I knew the eventual news will make up for it.

24 should hopefully be the year we have 1p reserves for morroco and the sp rise accordingly.

It took years to get a small pilot study going in Trinidad

I expect years for Cory moruga to get going.

Easy distraction from lack of action at morroco.

@unwin

That's nonsense and you sound like a *wat.

Investors are annoyed because the company they invested in doesn't ever stick to its word or respect shareholders. (Exluding shareholders during placements amongst other things).

I don't know about yourself but in my life you're only as good as your word.

Self respect matters, which clearly a lot of rampers here lack.

It's not binary, 100 believe the board of eff off as you said.

That's a rather silly and simplistic way of looking at things.

For a lot of folks (you dont have to agree with them) thier money invested in prd couldve been put to better use, had they known testing will be in 2024.

Similar to using past performance as an indicator of future returns. We're all familiar with that statement yet its astonishing how many folks here disregard it.

Thanks donalb