Member Info for Zebra04

I got caught up at work today and was unable to check the price till this evening.
There's that 500k sell which I assume is the lender.
That sell early morning at 2.05 when the bid was at 2.1 brought us down. That coupled with temporary negative oil price spooked investors into selling. The trade was later deleted by mms...

@brad. I missed the chance.
Last Thursday it was the same when the conversion happened so thats two confirmation of the bottom.

And again pay little attention to wti price.
Here is an accurate price chart.

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

Looks like two boyers were able get these at 1.99. That seems to be the bottom.

Agree with what GRH said. May contract expires tomorrow so it is little more than symbolic

@mniy how do we know what amount they agreed to sell?

That video was upbeat on us. Low carbon footprint company which will be important going further.
It is Arato selling again that is holding us back otherwise we would be in the 3s already. They should be half way through the 70k?

Brad I wouldn't worry at all. That is a great average that most posters here would love to have. It is lower than ipo price and what Paul himself paid!

Patience and these will come good.

Morning guys,

@ razor Paul hasn't said anything to suggest otherwise. We have exclusivity and it had been arriving at the site in trucks before covid. We should be onto continuous injection now and so it's fair to assume there's no worries supply wise. Masey is able to supply enough co2 for the full field and also for us to look at expanding to other fields. So pilot shouldn't require much.

Co2 used in drinks comes from a different source/manufacturing process.

@brad maybe another 3/4 weeks before Morroco can start. Market makes are happy to buy shares at these prices so we should tick up. We should at least be at placing price. Low costs and funded to see out the global dip.

Don't forget themuir01. He was pumping it pre-open and claimed there was a gap at 27, a quick look at the yearly chart shows that was complete bull.
On to my filter list.

I did post before opening that the rise is not justified. The title of the rns was misleading. This companies influenze study was delayed and so they mentioned a company who they own a stake in starting a covid program.

There are many covid vaccines already in testing and so there is no need for a company to waste thier resources to try and develop a vaccine. Bigger players have already got the area covered. Oxford University and johnson and Johnson are a few examples. Any company starting to try develop a vaccine this late into the pandemic, I would question the board as to what's the point.

There was posters mentioning a gap up this morning when there was no gap up on the chart only down.

Remember always do your own research.

Evening Mrmm

Paul was most excited about island but since we acquired Morroco and how quickly things are progressing there in comparisons. I did get the impression from the recent videos that Morroco is the one for us this year.

Oil prices are out sink with one another.
Wti is down 9%, Brent crude is up 2% and gas up 4.5%. Gas is out performing the other two. There's pressure on us producers to come up with formal reductions cuts. So there will be negative pressure on wti until then.

Regarding Trinidad. Paul said we are profitable at $20. That was quite a reduction in costs so I've been looking into it. It appears the price of ammonia has tanked during this pandemic. Our co2 comes as a waste product from ammonia factories. So it's likely the cost of co2 has also tanked.

I'm not worried we're under $20 a barrel as we just need to prove that production can be increased from the Wells and the sp wil react. The oil isn't going anywhere and prices will recover eventually. Imo prove it works in Trinidad then focus on drilling Morroco when restrictions on movement have been lifted.

The opec cut although not enough at present, will outlast covid and help prices recover to normal levels in the medium term.

Enjoy your weekend guys.

Hi GRH

Which project are you most excited about? For me it is Morroco as that is what Paul is most excited about and he has a good success rate there.
Once we drill and hit gas, no way this is at a 5m mcap.

Correction
*January

@brad
We were at 6p end of in anticipation of signing the rig contract. Then the placing happened which brought us down to 4p. Then corona/oil prices tank we've come down to these bottom prices.

Luckily we were able to raise before the economy froze so it just a matter of the restrictions being lifted then we can proceed with drilling in Morroco.

Trinidad we have already funded and it's a matter of trying to complete the test remotely.

Lot of things out of our control now but we have minimal running costs so it's just a matter of patience

On 900k myself. Can't go wrong with buying at these prices. It's almost half the placing price.

Gas jumped up 6% yesterday and our big projects are in gas.

Oil is down today as Russian oil companies are arguing about how much they each cut. Not worried as it's Russia and putin can get things done quickly. All oilers are up, us premarket as well.

Have plenty of these now. Not bothered what happens in short term markets. Here for the Morroco drill.

Don't know why folks are selling here. Mms are not trying to take this further down despite the conversion.

Just hold on to shares and the buys will move this up. Ask jumps to 2.4 with few small buys and no sells

Guys that price is wrong. Wti down to 18.5.

mine in blue

Dont think so. They have initiated a vacine development program. They will try to develop a covid vaccine. Far too early days and just speculation at present

There's also no need as there will already be one in production by the time they have developed anything.

Thier other product may show promise but the influenza one is delayed due to lockdown.