Member Info for Zebra04

As a lth it great to see Paul release an rns to correct nonsense and support the sp. It's not something he would normally do.

Chancers, Bradley and other lths will remember how quiet management used to be.

Patiently watching this company develop.

@tray it seems odd for them to sell at this price. Could just be retail investors.

Nothing has changed for me. I'm holding for results and others becoming impatient or having not so subtle agendas won't change my investment decision.

Is Trinidad ready to test? Yes.
Is Morroco ready to drill? Yes
Will there be a vaccine for covid? Yes
Will lockdown be lifted? Yes
Has management sold a single share? No.

So I am relaxed about my investment.

Enjoy your weekend guys.

Herts didn't u sell after reached your average
Now trying to get back in?

Flybyboy sells would explain fall.

Gas seems to be the winner post covid. At 1 year high.
The shale wells don't seem to be coming back online anytime soon. Gas being by product.

That placing cleared the cln which all lth here are grateful for.

If you understood how clns negatively affect the share price you wouldn't try to be a smart arse.

Then again you're invested in a company willing to use a huge cln. The same company that recently handed 80 million share to the board.

Hmm, 20 million shares at 2p to clear a long standing cln or 80 million shares at 2p to pay the board?

We've mostly been held back due to the 250k block seller. Some impatient investors have bailed as results didn't arrive within the 2 week ADVISORY timeline.

We did recieve an update. The well is ready to commence flow testing. Paul has asked cerp to begin it, however we're having to wait with the merger. Out of Paul's hands.

Investors should be aware of the desktop monitoring system Paul has for the co2 eor. If he says the well is ready to test then that should tell investors the data is positive. I.e sufficient repressure.

I doubt some folks who claim to be here for Ireland and Morroco. Surely waiting a few more weeks for the Trinidad flow test makes no difference in the grand scheme of your investment plan.

I think he's cleared. Was able to entertain offers for 15k sell in a single trade today.

Market makers make money from the spread and volume. Last few days was little volume and so they dropped it to get things moving.

Bpc merger has obviously delayed the flow test. We don't need an rns to clarify that. It will obviously go ahead so it is just a matter of patience.

Paul holds 46million shares. Last I saw, he was relaxed and excited.

From the last Agm,

"Resolution 3 had proposed the expansion of the Company's available pool of employee options for future allocation at the discretion of the Board. Those employee options had been proposed with performance hurdles linked to delivery of value-creating business objectives, an exercise price in excess of the current share price, and a resultant aggregate employee share pool of less than 8.5% of the Company's fully diluted share capital. In the Board's view, this thus constituted an entirely normal employee option proposal, designed to align the interests of employees with shareholders, and comparable to arrangements in place at many similar companies. It is for this reason that the Board had unanimously recommended Resolution 3 to shareholders. Acknowledging the lack of shareholder support for this resolution at this time, the Company will seek to develop alternative incentivisation strategies, so as assist in ongoing processes to recruit, incentivise and retain high-quality employees."

At the agm they did not have shareholder approval to issue more options at a premium to current share price.

So how have they today issued 80million plus shares at below market price?

Day 4 of no 250k block sells.
It appears there's still a large sell order being worked as price to buy has slowly creeped down.
So long as he is cleared the next run up should be uninterupted.

Patiently awaiting Trinidad results and Morroco spud.

Up 35% the past month and 10% YTD.

Yes Paul has said on a few occasions he would like to make 3 special dividend payments. Our 3 assets he intends to sell in the future.

Bpc is talking about expanding the co2 eor to other fields...

Sorry but what co2 supply does Bpc have access to? Cerp certainly had no access to co2. It is difficult and usually pricey to secure. All surplus co2 from ammonia manufacturing in Trinidad has been exclusively secured by PRD.

The tech know how is also PRD's intellectual property right.

Either the Bpc board is incompetent, that they dont even know what assets they've acquired from cerp or they think shareholders are mugs.

What a load of rubbish. They're trying to take credit for the co2 eor and talk about expansion. Surely they're aware prd owns the technical rights.
Treating thier shareholders like mugs.

I've been here a long time and have grown used to the delays.
Although this time it isn't a delay. Paul said he will ask cerp to begin the flow test in the next two weeks. I.e from a technical perspective the well is ready.
This does not mean the test will begin within 2 week. Imo it is naive to think so. Cerp also need to be ready as they're the ones providing the manpower. With the timing coinciding with thier merger, it's likely they had other pressing issues.
Once cerp is ready there's also the regulatory issues to contend with.

Flow test will happen. In the meantime the sp can do what it wants. Results will eventually lead to a reset of the mcap. Till then a bit more patience.

ATB

"Predator is recommending to carry out an oil rate test for well AT-5X within the next two weeks"

Depends what cerp decided to do. Probably focusing on merger related stuff first

@traa
Last week alone was 10 x 250k sells.
It is very frustrating. Probably Arato as well as traders from placings.
We need Trinidad results to break this limbo.

@sefton, this bbs holds at least 10% of the total shares in issue (I suspect more now). Bod owns another 25%. That's a lot shares accounted for in safe hands.
A gem you don't come across often.

Couldn't agree with you more GRH.
4,5,6p is nothing for what is on offer here. Bod didn't sell a single share at 12p.

The market is waking up to this stock, the volume has increased significantly since march. The sizes of trades has also gone up.

@Traa
My thinking is if they held that many on may 20th then it very well could be them who were block selling 250k.

Trinidad news is the catalyst needed to get us into double digits. It was our usp at ipo and has taken two years to get to pilot results. Our costs are firstly recouped, I think around 600k. Then income steadily increases as the project expands to more wells and fields.

In Morroco after the first drill, $1mil is released which can be put towards a second drill. Once we've derisked it we will sell it. It's hopeful, but will ConocoPhillips next door, we have a potential buyer with big enough pockets.
The cln was neccesary to get the Morrocon license or like Paul said it could've been them holding the license now.

Ireland the plan is to get others to fund. Ndas have already been signed.

The 3 projects are not so much dependent on one another.

Looking at our profile on yahoo finance. It says on 20/05/20 Arato reported holding 6,674,814 shares.