Member Info for Zebra04

Good luck to top slicers going against the trend. This is going up even with profit taking

Do the mm's know something we don't?

Glad to have you back Sefton.

Profit taking and general market gloom.
6.5 is an old resistance level that we broke through on way to 8 and now its back to close the gap. Rsi has cooled down.

However none of this matters unless trading it.

If we go of sound energy's 2018 rns. It took just under 3 months from civil works beginning to commencement of drilling. Drill pad being part of civil works. So it could be mid to late June for a 20 day drill.

Morning all
Yeah surely that can't be right. 2 BCF! Maybe a typo and they meant 20 maybe.

I know sdxs license area has more targets which are individually much smaller. Problem with that is you're constantly drilling the next one.

Our targets if we hit predrill estimates will flow gas for many many years. It's why many who are invested for Morroco chose prd over the other smaller morroco players.

Regarding the drill date, June or July It doesn't matter for me. Been here since 2018, the size of the price and the man leading the drill is what matters. 819 BCF from 1 well which costs circa 2mil to drill. Just contemplate those numbers for a minute.

IF we hit the target BCF by July that will be both Trinidad and morroco derisked! As a lth I can't complain about a few months wait for that.

Rabidfly back with his monthly bs deramp. Been wrong each time.

What was 0.78 mil lost spend on?

No raise required here. Prd has small overhead costs and Paul has been clear he has been keeping costs to a minimum during this period. Fully funded for 21 with increasing revenues expected this year from Trinidad.

Purple on advn also mentioned placing. It is just nonsense by posters who have sold and want a low enough reentry to make their trading worthwhile.

Always remember why u invested and if you've done your research then stick to your convictions

Hi Sam,
I can get smaller quotes at 7.475 but not above 4k. Meanwhile I can sell £10k at 7.2. Testing the market and curious to see if other brokers are different

On Hl I can't get a buy quote for £5k. Does anyone with a different broker have any luck?

@sefton that is a shame, I agree with clueless all contributions are appreciated.

@GRH "I spoke on here some days ago re the value of the EOR business = already supporting the Sp nobody paid attention then...fair enough"
May I suggest that was because it was already mentioned by other posters.

My thoughts on pr is that it will come with time. The lths on this board have all had their moan about PR, me included. Hence I've not commented on it regarding recent posters thoughts. You get used to it as quietly in the background Paul delivers.

The pr for the company is deifinately better than what it used to be. Paul would never bother supporting the Sp before. More investors, higher volumes, more mm's. The ems is still to change. Next quarter maybe.

@lochnez
I can't remember the numbers researched, this was all discussed a while back. Heritage the state owned oil company has a lot of old wells that are ripe for co2 eor. Targeting heritages old wells mean the potential bopd is much higher. We could reach some sort of agreement like we have with Bpc. Then sell our part of that deal to a major. Which will include a bunch of other smaller co2 projects in the area. Paul said there was also a second state owned entity interested.

Great publicity for a state owned entity, co2 sequestration and using existing old wells. For the major, they get to announce a co2 project that helps a smaller country reduce its carbon footprint as well as provide revenue to help that country to continue to develop and transition away from fossil fuels.

Forget the other small cap oilers, we need to target the big players.

Massy is a huge conglomerate, they own other manufacturing companies where co2 could also be captured. Positive for them as they're actively trying to reduce their carbon footprint.

@lochnez

The Aramco project was posted by me a long time ago and it has already been discussed on here. Do you know how much attraction Aramco got for their co2 eor? A small cap doing what Aramco is doing although on a much smaller scale.

Shell total equinor are all working in ccs. Do you know what majors like doing? Buying prepacked projects. A carribean based co2 projects. Also these projects take years to get off the ground.

5% of us production as the economics over there doesnt always add up. Location is important.

If you don't belive in the co2 project then fair enough.

Aware of Cathy Wood, she's brilliant.

I think today was meant to be a larger Pullback but those large buys have prevented that. Nice £40k buy there.

There's no cpr on the total targets yet so we can't predict the total Tcf we're targeting. Double digits possible.
Morroco pays top prices for gas and no tax for 10 years. A welcoming enviromemt for majors.

Looking back over the presentation reminded me it goes to Mou-6.

For Mou1 if we use the mid estimates, we're targeting 652 + 94 +1911 + 28 BCF, a total of 2385BCF. The SP will sky rocket at that point. The drill is relatively cheap at 2.5mil. if we're on 100mil plus Mmap raising for a second similar drill won't be a problem. 2.5% dilution for another well targeting a big play. I'd rather a small amount of dilution in the future instead of giving equity away to a partner. Then when we sell to major we get our 75%, 25% goes to Moroccan government. If Mou-1 is a success it opens up a lot of possibilities to fund the further wells. Trinidad could pay for it by then maybe. Maybe a total of 2 or 3 wells before we sell the license. The drilling itself is quick, circa 15-20 days.

Exciting year ahead.

I hit send before finishing.

More MM's means more liquidity and a lower spread going forward. I remember the days this had 0 trades and posts. It has come a long way and rightfully getting more attention.

The derisking of the co2 business should give the stock a higher support level now.

We're now on 7.

Hertstrader you're making a deal out of nothing.

Warrants were signed in good faith, they are already priced into the total share count.

Paul can't say to investors morroco is delayed because of covid then deny extension of the warrants to our broker for the same reason. Well he can. How would that affect our relationship with both our brokers going forward. Paul's a stand up guy.

When the warrants are finally granted we get paid for them. Novum still agrees to pay for 2mil shares at 12p. Also you can't expect a broker to exercise warrants at a 50% premium to the share price. Extension was the right thing to do.

There's no upcoming placing Paul has clarified that himself.

I didn't realise you were back in after exiting at 4p

Evening Bobby,

I've had a read of the simply wall st article. Interesting that the yearly burn rate is under 3% on mcap. Not much else talked about however exposure is good.

Shame the analysts didn't comment on the co2 sequestration part/old wells. I.e capturing it from ammonia manufacturing and preventing it from being released into the atmosphere. To the general public co2 eor doesn't mean much.