Member Info for Zebra04

20% gain on less than 3% of float traded.
Some profit taking as expected however most are holding these tightly as there's a long way to go to fair valuation.

Morning Tt-t
Yes it has already been factored in when working out total share count.

Morroco inches closer

@lochnez
Watch Paul's last interview or his 1 with malcy for answers.

Yes Paul wants to pay a special divi for each of the projects and not be in the business of producing.

He wants to derisk the projects and then sell them as prepacked businesses for maximum value. This is why he always mentions the distance to maghreb pipeline, its favourable fiscal terms etc. For a major there won't be any "teething problems" once they takeover and go to production.

Considering both PG and RP age and the stage of their careers they're at. I've always felt this was their last hoorah before they retire. All 3 well selected projects are the result of their decades of experience in the sector.

I have a feeling Paul will try to sell morroco and Trinidad together. Major gets a new gas field but can also appease greener shareholders by acquiring a co2 sequestration business. Its tiny compared to shells co2 projets but its more about appearances. Eor is important as it means you're avoiding new drilling activity.

I know conocco is next door to us in Morroco. However Shell is the one that's focusing big money into carbon capture and storage. They're already in Trinidad and morroco...
Just speculation.

@adrian, you do yourself no justice comparing the share price of 2 companies with 2 completely different share counts. Prd has 240Mil shares whereas Bpc has 4.7Bil. Almost 20 times more shares in issue and have achieved what? Prd is fully funded for their first drill.

Prd has a mcap of 14MIL.
BPC 24MIL.

The market is currently undervaluing prd compared to Bpc

Just more stupidity by the resident rampers.

@gino. I've never owned Bpc or cerp.

@Pageofcups
Consider the environmentalists will argue although it was none commercial there was still some oil there. In which case the plugged well could potentially leak in the future. Therefore it's not worth drilling more wells. The last 6 in the Bahamas have come up none commercial.

@bones.
Small cap stocks don't have many or any brokers to follow. Once you've found a company and done your research, the forums are a way to get an idea of sentiment and any counter arguments to your decision. Which then should be researched. Those invested may also change their positions based on what the forums say.

I agree the boards will generally be positive from those that invest and are aware of the stock. Yes some folks blatantly deramp for personal interests and I'm not for that. However this board has been quite toxic. Any negative comment was not countered with any sort of reason, instead the regulars would chase away the posters.

Following stocks you're not invested in is a good way to learn. I have way more stocks on my watchlist than I'm invested in.

Onlygreen

The reason i say 23mil mcap is too high is that Bpc side of the merger is done. The stock now needs to be priced at cerps pre merger price. Do you know what that was? 17mil.

Then there's the 4.6Bil shares shares to consider. If cerps assets do amazing and go from 17mil to 230mil mcap. That's a share price of 5p. Dilution caps the upside.

As a none investors I find it astounding that this company has managed to issue that many shares and spend 12 years to drill 1 well and no contingency. It is the sort of stuff we hear about when told to avoid aim.

I'm not going to tell anyone what stocks to buy. I'm not a broker.

@gino good luck with your predictions. No current losses. Emphathis on current. Live and learn.

@kasjnaton, interesting find.

I think the question is not how many more can they adapt but more so when can they adapt them.

It can't be many years more that companies can get away with pumping co2 into the atmosphere. Carbon capture will become the norm. Its one of the easiest and quickest steps to reduce the rate at which atmospheric co2 is increasing.

Can we get rid of this bull that only folks who invest in a stock can follow/comment on it.

The boards need to be balanced. Of course if someone has a negative opinion on a stock they won't buy it. Those that have a positive opinion will buy it. If only buyers were allowed to comment then the boards will be biased towards ramping the stock.

It depends if you're an active or passive investor. Either way just because we invest in other stocks does not mean we don't have time to follow/comment on another stock.

Trying to get rid of the negative comments won't make this recover. I do sympathise with those that have lost money. Try to imagine if this board had no negative comments for the last 6 months. How many more investors would have bought this and lost money?

Personally I don't see the point of selling at 14mil mcap before the 3 projects have taken off. Everyone here will agree 14mil is undervalued. However I am a lth and have followed this companies progress from day 1 and know where its heading.

Its already retraced to 5p last week and this is the 2nd leg up.

12k is 12k tho. I'm sat on a nice profit as well. Most folks never get the multibaggers, it takes patience and conviction. Good luck to however you guys decide to play it.

Who claimed this will go up because of rsi lol. Wrong each time.

This has fell a lot, 80% from pre rns. So, many will assume it has bottomed out. However it still has a £23mil mcap and so more room to fall.

Those claiming derampers are trying to get in cheap, cheap into what? Only cerp assets left and the ceo of cerp has left. There's far more interesting stocks to buy with competent board of directors.

6p back in site

Evening Sefton, one of the 250k sells was delayed buy but i see your point.

I doubt it's management selling. They haven't done in the past at 12p.

Last may Arato still held 6.5mil shares they could sell at any time. Also many 4p placees will have bought whole number of shares and 250k seems to be the sweetspot for getting the trade through.

Still massively undervalued and under radar. Slowly but surely more people are becoming aware.

21alpha

This is the 6th well that has been drilled in the Bahamas and they've all turned out none commercial.

My point was that the majors will not gamble on a 7th well.

@gino
Like I said yesterday, the chart means nothing here. The rsi could be in single digits and this will still be sold.

A very expensive dilutive drill that took 10 years to start has come up none commercial. The well has been permanently sealed. Can't be oversold after that, regardless of what the chart says. For those expecting a farm in, no one will pay to drill another none commercial well, there's also the pending court case.

Still has a £30mil mcap and room to fall. I posted a while ago that the downside here was around 85%, down to £15mil mcap. That was valuing the cerp assets at thier pre merger High. With lk gone, does Potter even know what to do with cerps assets?

The last offer to purchase fram was funded by a local Trinidad company.

If Bpc undergo a firesale, it will be them purchasing fram. Paul has no intention to take over production.

Their rns has no bearing on us. The company was run by a bunch of snake oil salesmen. Paul will be aware of this after dealing with them.

@chesh. Enough of the ramping nonsense. This can't recover on cerp assets.

The current Mcap is £30mil. Cerp assets are worth a fraction of that. With over 4.5 Billion shares in issue.

This will never recover and will become a micro penny stock.

@geowiz

"Stick to oil and gas drilling" sorry, but we're not drilling for oil. Maybe you could try researching the company before posting. Ccs is far more exciting/relevant in the current climate.

Last I checked opec still has its taps turned down. There's plenty of oil out there in existing fields, with little market appetite for new oil drills.

Gas is a different picture, the spot price has been doing well since the market has accepted many us shale fields will not come back online. Gas is usually a by product.