Member Info for Zebra04

Matt I suspect things in morroco will progress quicker now that lonny is involved. Paul appointed him for a reason.

He's based in morroco full time.
Long successful track record with ONHYM. They can trust him.
Potential lease of rig from Sdx, I presume he's still on good terms with their management.

Well about time. Last 2 weeks have been brutal.

Lonny could do with buying some shares in the open market.

21mil volume today and 9mil yesterday. At least we should get through the placing shares. A lot of large block trades past 1 days. Rsi has been oversold for the past 8 days, down to 14 now.

Placing and director selling, well at least that's out the way now.

The last trade for 54k is another worked buy at 4.8.

Buy to me.
Scap was sat on 4.7p ask all day, even after that buy he just moved up to 4.8p.

He'll be forward selling the placee shares

Not that those numbers are accurate, they will help clear the 26mil placing shares as they're forward sold.

Still holding all my shares

Yeah his sells prevented the sp from turning around last week. No wonder so many straight red days.

He didn't sell after mou-1 results but started to sell after lonny was appointed. Is this him retiring? Could be being pushed out or leaving for personal reasons. Likely the decision to appoint lonny was post Mou1 results.

The only way this isn't insider trading is if the placement was agreed between his last sale on Friday and before Mondays placement rns.

I don't think Ronald is foolish enough at his age to risk insider trading. So did the broker approach Paul with a placing offer and he accepted?

They're always bucket shop placees that forward sell before they get their shares.

@Tray

Your comprehension is poor.

@ho55

The substance of the rns is solid.

There's lots of good stuff, JV, flow test, Mou4 drill this year, full funded for this year. So the costs of mou 4 are accounted for, whether that's from the cash we have or a JV is unknown at this stage.

t reaffirmed I interpreted the previous 2 rns correctly. All things (except the sp) point towards Mou1 being a success.

And so that irritates me even more. Why not just release the ops update. It would've broke the downtrend and got us moving back up. If he really needs the funds, wait a month. Simple.

I've ranted previously on similar issues. Paul is a fantastic geologist/project manager etc. Finance/markets however is not his expertise. The brokers need to go, they will have advised this.

I'm here for the special dividend. So I don't appreciate being diluted at these prices.

Trinidad slight delay due to covid. Can't be helped and patience, it's already proven to work and be profitable.

Agreed James.

Paul should've waited for the sp to recover later in the year. What's the rush?

Almost 10% dilution for £1.5mil is a rip off.

Stupid move imo.

@adam

We're currently listed on ftse small cap.

Ftse 100 is the top 100 companies by market cap on lse.
Ftse 250 is the next 250 companies.

Tim that scheme is there for whoever else buys the acreage from us. A prepacked deal ready to go for someone with deep pockets whilst they develop the deeper targets.

So I stick with my original point.

John, may I suggest you research the company.

According to the slr cpr, the most economic method would've been to re-enter grf1 to retest, which was found on the western edge of the target. However, being an old well the integrity is questionable and the results may not be accurate. Instead they proposed drilling a new well nearby to similar depths of 2km. This well would help derisk and affirm what both the slr and pathfinder cpr proposed is down there. Both the ceo and coo have confirmed it achieved its objectives.

Also from the cpr, there's much deeper targets in the triasic area and further drills will need to test to a depth of 5km. Mou-1, according to Paul, has confirmed there's a "kitchen" down there and migration of thermogenic gas.

As GRH has already pointed out, paul has found what he was looking for. Why spend more money to do further tests.

Anyone who thought we'd flow/sell gas from Mou1 needs to do more research. Yes we're close to the maghreb pipeline, however building the infrastructure is still expensive. A lot of regulatory time consuming processes. Whoever we sell the asset to can deal with that.

MOU-1 was the cheapest well to drill. It was funded by a placing at 4p (long time ago). At that stage raising for a deeper well would've been far more dilutive to the company. The plan was that a successful Mou1 result would open up alternative finance/jv opportunities.

The man in charge has said it successfully achieved what it set out to do. Not only that but it has also confirmed new targets. 700metres of gas seeping. The nutech petrophysical study on grf1 showed saturation of 50% in the small area that was tested around 1650metres. Remember elf were looking for oil when they drilled grf-1. Gas was not interesting 50 years ago.

Our well showed gas all the way up to 650metres depth.

Yes, the subsequent drills were dependent on Mou1 being successful.

Consider the data we have from old wells CPRs, petrophysical studies and Paul's confidence. Initial testing of Mou1 was good enough for him to say we're going for mou-4, once the rig is free again. There was no panic and back to the drawing board.

Morning chancers, long time.

It wouldn't take months to appoint a colleague from within the industry. Notice period may need to be worked but at the point the agreement was made the market would need be notified. You can't hire a future coo and not let the market know.

Eor bad news? Despite co2 eor working in Trinidad you're still wondering if it's a success? The concept has been proven financially viable, now it's a matter of patience as we upscale.

Change in share ownership was probably a good thing.

What level 2 data? I don't see it.

Thinking insiders here are offloading. Lost all credibility there.

Johnny you're right it would've been negotiated months ago. It will also come with a grace period.
Whatever was sold to him when he agreed to join us has not changed from last weeks rns.
If it was a duster he would use his grace period to stick wit sdx. Let's not forget he's been drilling for years with sdx, he would understand the rns results better than anyone.

New coo jumped ship from sdx to us after results of MOU-1.
Which Paul confirmed are positive, rigless testing to go ahead as planned.
Cpr volumes increased.

The derampers may want to let the new coo know he's misunderstood the last rns, despite his track record.

Tim there's more to us thinking it's not a duster than just because it didn't open 70% down... That implies we're stupid. Like pawn and others have pointed out in the past, it opened unchanged on the rns day and then the sells dropped it.

Also saying sellers are the ones who read between the lines implies holders are wrong.

Nothing wrong with having those opinions but why try to be subtle and sugarcoat them?

@spawny, it's not that we're not interested in alternative views, it's that we've already heard them. Plenty of times since the rns.

You've admitted being invested from 5/6p what's that one year?

Many others have been here since ipo, read every rns, presentations, the prospectus and saw every interview by Paul. We have our views on the company and board. Based on those views we chose to continue to hold.

We've expressed our views on the rns and explained why. Others such as yourself can chose to disagree and argue so.

I have not called anyone out for selling, nor have I told others to buy.

The constant bashing of a share after having sold out and calling out other holders becomes tiresome.