Member Info for Zebra04

@aimster
You think tcfs are only worth 40-60 million?!

Wow.

Google and a calculator are your free to use.

Go read the old presentations and listen to older interviews. Cng is and always was a quick side hustle. The purpose is to gain funding to further explore the giant field we have.

We now have an exit strategy for cng only.

40bcf is guaranteed and what the buyer believes mou1/2/3 can deliver. Paul is confident that it can deliver more so has agreed to a 10% royalty.

Then onto proving up the larger reserves that can supply the maghreb pipeline to Europe as always planned. Without any further risk of dilution to shareholders.

It requires a decent ammout of money and wells to prove up the size of reserves that we're targeting.

I've been here since ipo, low pennies. This wasn't simply drill and prove up mou 2 and we're at tcfs. It takes time and money, we have both now.

Grh was right. "Most won't make real money here"

Finally we'll get our first special divi.

Terrence
He could mean sale of "predator cng" that has use of the existing wells we have drilled. For the first 40bcf they pay 200mil upfront then royalty thereafter. Sort of a lease agreement. License remains ours and morrocon government. The gov gets 25% so decent payout for them to help facilitate the deal.

I'm 100% for selling the cng project for 200mil. Been here since 100mil share float. It would mean we no longer have to raise and can finally be fully funded.

No worries of future placings makes the share more attractive to many. It also speeds up the rate of further drills.

Agree with mem, Paul wouldn't casually discredit the cpr.

Cng project was always a side project to quick monetisation. 200mil for 40bcf.

Provides plenty of equity for us to target further Wells. Also a special dividend at say 40p a share would appease all shareholders including Paul himself.

4x payout from current sp and continue to hold our shares for a bigger hit. Goal was always to supply maghreb pipeline, cng a side hustle.

@pithchet

If you're heavily in the red why did u not average down in the last 6 months? Opportunity presented itself and you could've been in the blue by now.

Thats assuming you even hold any shares.

Happy birthday GRH, May you have many more.

Atb
Zebra

@beadle

Much higher than 20p once testing results are out.
I wouldn't be here for 20p.

@Lochnez
It's not David vs Goliath anymore.
Look at our partners in the proposed FSRU project.

Each company makes a proposal, the Irish government then picks the best soloution.

It's unrealistic to then go back to the losing bidders and let them come up with a similar soloution to the winning propsoal.

That would indicate bias and favouritism on the governments part which results in timely legal challenges in the courts.

This is finally the year the pieces fall into place. It has been a long ride.

We don't really know what is going on in the backgroud but Paul is certainly bullish handing out options to the drill manager.

10p can form a new support level.

Patience will pay off and 10p is insignificant.

For me, we've come so far it doesn't matter whether it's may or June. Guercif will deliver.

Great post billy,

I'm all for an early sale.

"The learning curve has IMPROVED SUBSTANTIALLY"

Hopefully Paul expands on this with an interview.

I've emailed the company expressing my frustration at the lack of mou2 update in todays rns.

10% dilution today needs a better explanation.

Approaching 10mil shares volume.

Mms have plenty of shares to sell. As usual novum placings are forward sold right away.

At least we will clear the placing shares quickly but the ability to sell shares you don't yet own doesn't sit well with me.

Those that were fearful of a placing following the mou2 mud issue can now move on.

5.5p isn't bad, not the 4p like some on here were calling.

7mil volume in 13 minutes.

@gg
The placing is "complex" because we're main market listed and can't just issue shares like aim companies.

Mou3 drill in May and mou1 test before then. No information on mou2 is poor comms from Paul, again.

The only positives for me is mou3 is cheaper to drill and appears we do have existing funding for mou1/2 completion. 5.5p isn't a stupidly low price.

Maybe the recent bank runs have changed things and paul believes cash in the bank is best at this point.

I've emailed the company to express my views on lack of mou2 comms.

Delayed buy like sound said.

If you look at the timestamp you can tell it's from earlier and buys were going through at a lower price. They paid a premium for 300k shares.

Clearly not a quick flip oilyfred.

"Options for the implementation of the next stage of drilling operations in Guercif are in the process of being finalised but are unlikely to be completed before the rigless MOU-1 well testing commences."

Paul is reffering to mou 2. It's yet to finish drilling and so it makes sense it is the next drilling objective and they're waiting to finalise their re-entry plan. They have options and so mudwork should be complete in labs.

Both brokers have exercised warrants previously and forward sold. Probably those 500k block sells last week.

Like Keith said, they had to exercise the warrants or miss out on easy money as they would've expired.

It's 2mil shares only, no biggie.

People selling because a broker exercised some warrants really are weak hands.

Shame about PANR, I never bought into the story but it's never nice to see fellow investors lose out.

Compare the 2 companies rns. Paul has always provided all the technical data from the wells and explained it to us in a follow up interview. He didnt need, it goes to show his confidence in our data.