Member Info for Zebra04

@heratz what makes you say that? It being lower than the previous trade doesn't alway mean its a sell.

My reasoning was at time of trade the Bid was 1.8 and the ask 2.
It was 1.83 to buy and 1.99 to sell. Why would mm pay 1.93? We also didn't fall like the first 250k sell.

That last one is a buy. Bid is at 1.8.

Hearts its that same mm stuck at 2p but like you said its nt to buy any amount.

great news for LTH, well done for holding through.

From our RNS and presentations Paul has always quoted WTI Prices as our benchmark.
I was trying to find the the spot price for Trinidads oil. They don't not have any oil refining facilities so all their oil is sold to heritage who exports.
Heritage (state owned oiler) claims Trinidad is not as badly affected as the US because its oil price pegged to Brent Crude as it is sea based.

Thoughts?

Heritage also has storage for 3.5 million barrels, roughly 2.5 months of production.

https://www.looptt.com/content/energy-minister-concerned-over-drop-oil-prices

Evenening GRH,

Like yourself Morroco interests me most in the near term.

Originally I was drawn to this share for its co2 eor. With everything going on regards to the climate emergency it made sense to bet on a company trying to balance emmisions. I still believe once Trinidad has proven successful it will generate a lot of good publicity for the company and heritage.

Regarding Ireland, interestingly I was reading an article about offshore exploration and how it has been delcinging since the shale boom. Cost for offshore well production has come down to under $30 a barrel. It suggested longer term shale is done and so more exploration funds will go offshore. Should help with finding a partner.

Lots to look forward to with the company. Timescales a bit open at moment with everything going on.

I was annoyed back when the placing was announced as lth we were not approached by the broker. Funnily that turned out best as I was able to pick up shares in the 1s and 2s and bring my average down to 3.5. When the world get back to normal we will appreciate these opportunities.

Regards
Zebra

There is one stubborn mm who has been on the 2p ask since wednesday.

Just checked the rns on predators website. Last conversion before this one was in September last year. Perspective.

Wasn't this Aratos only conversion this year?
The rns don't seem to be showing correctly on lse but its been a long time between conversions. So I'm hoping it was just a sweetener as the drill was delayed.

@kyser only one sell today which was under the bid and so dropped this. Like yourself happy with my position and just a matter of holding till these comes good.

I was doing some digging and it found that Saudi Aramco is also in the co2 eor business and have proven it successful at 4 of thier old producing Wells. They claim it doubled production

https://www.saudiaramco.com/en/creating-value/technology-development/globalresearchcenters/carbon-management#

@foxbagger good on you for continuing to work through the pandemic.

I am hoping the 70k conversion was an exception as Morroco drill had been pushed back.

The remaining 900k + 5% premium Arato can take from the million we get back on drilling as previously agreed.

Correction 9am.

WTI at $17. I reckon by the time we are producing in Trinidad it will be over $20 making it economically viable.

I hope so and good riddance. All them shares were bought up in the morning by 9pm. Under 2 these are a bargain.

Here is a website where you can keep track of Moroccan corona situation. looks like they're through worst for now,
https://www.worldometers.info/coronavirus/country/morocco/

Here is the link for Trinidad who seem to have it under control now.
https://www.worldometers.info/coronavirus/country/trinidad-and-tobago/

@chancers, at least wti is making up ground. Up almost 30% now to $17.73.

One small sell at 1.9 and they dropped the bid to 1.8. It was followed up with a larger buy but they didn't tick back up.

Wti now up to 16.7. Up 20% on day.

There's talk about redirecting those Saudi tankers. Also America may go ahead with adding 75mil barrels to thier strategic reserves. For perspective that is the entire capacity at crushing oaklahama where traded wti is stored.

Nice gains over night. Currently 15.3 for June contract.

July is 22 and august is 25. Those two contracts are more important for our co2 eor. Opec+ cuts will come into play 1st of May as well

Gas is actually up on the 3month chart.

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

Another 500k sell from 8:36 has been late reported to make it look like a sell.
Somebody mopped these up under 2p.

Its been over 3 weeks since last update at which point we started to inject co2 continuously. Mms are probably expecting an update soon.

We are such small cap that they can get away with manipulation.

It's showing buys as sells