Member Info for Zebra04

According to the RNS and LSE Pauls holding has increased by 1.7million shares. Despite the recent dilution bringing his percentage down.

GRH thanks for taking the time to post that clarification. I wasn't invested in gkp so this is all fascinating to me.

I understand if you can't share. You mentioned you've met Paul before; what makes you confident he will drill the correct coordinates?

All buys today. It was 2.45 to sell any decent volume. Could sell small volume above 2.5.
We're still getting through Aratos shares.

Not sure how soon the placees can forward sell. Mid June should clear all the overhang. Sp is holding up well.

And 1 more.

https://www.satimagingcorp.com/applications/energy/exploration/oil-exploration/

The companies seem to be quite confident in their technology.

I wonder if GRH could chime in?

Morning kasjnaton

Looking at that image on page 11, is it similar to what was posted on advn? GRH references the dark areas as being oil containing.

This website has some decent information.

https://www.cgg.com/en/What-We-Do/GeoConsulting/Satellite-Mapping

Thanks Kasjnaton, I was unable to find that post on ADvn

Very interesting read. Glad to have somebody with GRH's experience invested here betting on the same horse.

Seems to be a lot of shares at 2.65. My guess would be Arato forward sold. Around £50k of buys today so should churn through the overhang quickly.

We're those 500k trades a rollover?

Just as well wti up 10% to $32

Happy birthday mate, have a good one.

500k delayed buy showed up from Friday.

June contract expires on Tuesday. Doesn't look like a repeat of last month. The spread has come down to 20 cents.

https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

Trinidad
1. Option to purchase fram- Should the Company exercise its option, it would likely be subject to a further prospectus based on a combination of any or all of debt, equity and reserves-based lending. This may have changed post covid.
2. The Inniss-Trinity Licence covers an area of 23.35 km2 and currently contains 86 producing wells that are available for the application of enhanced oil recovery techniques.

Morocco
1. Historical exploration focus was entirely on the Jurassic and was completed before the shift in focus took place that resulted in shallow (Tertiary) gas production in the Rharb Basin and successful deep (Triassic) gas appraisal drilling at Tendrara.
2. In this context therefore Guercif has never been the focus of exploration for the more recent tertiary targets encountered in the gas-producing Rharb Basin and this is the new focus for PGV.

Ireland
1.6. In the past, under the operatorship of Marathon, three wells were drilled within the Licensing Option area. Of these 2 wells successfully logged hydrocarbon-bearing reservoirs and one of which, 49/14-1, was tested for gas and flowed 8 mm cfgpd from several different horizons in the Lower Cretaceous.
2. Reservoir studies based on new NuTech log analysis technology have identified 64 feet of previously unrecognised good quality gas pay in 49/19-1. A reservoir engineering study and Conceptual Development Plan was commissioned by the Company through a third party consultant Dr. John Tingas. This has indicated a potential field development profile of 400 mm cfgpd from a minimum of 10 vertical wells. An ultimate gas recovery of 96% over 59.3 years was estimated.
3. Several confidentiality agreements have been executed between the Company and interested parties. Further discussions are anticipated to take place during 2020.
4. Potential partner - The Company further noted comments attributed to Vermilion regarding outline plans to expand the Corrib project and in addition that it would look to do deals with other oil and gas companies exploring in the waters around Corrib, either by allowing those companies to use Corrib Infrastructure to transport gas, or by buying stakes in those companies

@fox that podcast was brilliant and Paul has never been more bullish.
Told myself I won't buy more but it's very tempting after listening to that podcast

@foxbagger,
No intention to sell anytime soon. I've been here a long long time and will continue to wait till these come good. Waited through all the cln rubbish so it would be silly to give away the nice holding I've built.

Since Feb the volume has really picked up, loads of new share holders. 0 trade days used to be all too common.

Thanks to covid and Arato I was able pick up shares in 1s and 2s to now have an average of 3.6p. Yes I'm still in the red with a fair bit of shares.

@mem I can see poo increasing to those levels. However there is the question of how to fund it. 4mil would be a fair bit of dilution and is it worth it for a bit higher ask?

There is also the matter of timing. Paul wants to progress Morroco quickly. I would prefer to package Trinidad and sell it. That would increase the companies cash reserves for phase 2 of Morroco.

At current we should have just under 3mil in cash and 1.5mil returnable bank guarantee. Drilling costs should have gone lower for Morroco as well.

I don't see Paul or Ronald interested in being producers. Successful execution and a sale would suit them better.

With a lot of Wells being shut in and demand picking back up. Covid may have presented the opportunity where we are a tempting buy for producers looking for lower costs wells. Also the co2 sequestration boasting rights.

It would sell for more than the current mcap.

Morning,

Paul didn't give away much regarding the sale. Original plan was to expand to full field.

Possibly once the tech has been proven he now plans to sell the intellectual rights as well as the right to purchase fram. We have exclusivity over Trinidads surplus co2.

This would give us some more cash for Morroco and avoid us having to purchase fram ourselves. Morroco is a far more exciting play.

With the projects green credentials, heritage could be a buyer? The project is profitable at $20 wti and they have the most wells in Trinidad that could use eor.

Regardless of what Paul decides to do, the preliminary data from the pilot must be promising.

We all know Paul can deliver on the projects. From the podcast I am more excited to hear him acknowledge, the lender was a drag on the share price. With news upcoming it was time to get rid.

Last of the churns.

Glad to see the buys offsetting the lender sells and more.
Far too undervalued. Today's vox podcast is worth a listen. Paul is very bullish and aligned with share holders.

They'll still take 20k at 2.51 bid

And it is very unusual to be able to sell 20k.