Member Info for Zebra04

Do we reckon it's Arato selling? No tr1 today

The sells don't justify the fall. I can sell my 650k shares in a single trade for 2.0p.

Mms trying to spook investors on day of the conversion.

It is rubbish having come down from 2.7 to here but it does look like the vast majority are holding till we get to results.

Remember why u invested and our latest company update.

oil is under $20 and the lenders shares hit the market today.

Anybody know what the buy price was at close?

We held up well considering how much all oilers are down. BP -6%, PMO -17%. US side Exonn -6% and shell down 8%.
Market wants America to commit to some form of cuts and not rely on inevitable well shutdowns.

Decent of them to not convert in the 1s, they would have twice as many shares
Lots of consistent buys and we're doing better than our sector today.

Spread is much tighter. 2.64 to buy now

Looks like they're holding steady until none opec producers provide some form of commitment.

What's interesting is that the opec deal extends into next year. Likely far exceeding the coronavirus. Oil should recover well in second half of the year. Until then I reckon inventories will max out as plenty of traders/institutions are buying at these low prices to sell later.

Hopefully into the 3s this week.

Gl all.

Derampers out yet its already up on lvl2...

It's a waiting game. The cuts will outlast the virus and so prices will bounce back up. Also the 10mil doesn't take rest of world into considerations. Markets are waiting for some confirmation from none opec members.

Fox you beat me to it :).
https://www.cnbc.com/2020/04/12/opec-and-allies-finalize-record-oil-production-cut-after-days-of-discussion.html

Us stock futures up

Tomorrow's g20 meeting the others will likely contribute to the cuts so 20million total is the number being quoted. Couldn't have been better news. Next week the news should settle in.

That's a great average mate. Dont get opportunities like that often. I have around the same ammount of shares but at an average of 3.9. Been here a while. Glad I picked up some in 1s and 2s.

Oil jumps 12% amid report Saudi Arabia and Russia have reached a deal, cut could reach 20 million barrels per day - https://www.cnbc.com/2020/04/09/oil-jumps-ahead-of-make-or-break-opec-meeting.html

Fox how many shares are u holding now?

1mm dropped his ask that's all.
Bid has stayed the same. A little cooling off is all.

Hi GRH

I see morroco as too big for us to commercialise fully and so Imo will be sold off.

Good to see volume here. So far all signs are indicating a deal will be reached tomorow on oil cuts.

@flyboy my bad with the spelling.
Yes those are using the Conservative values.

Essentially morroco x 10.

From the competent persons report the best estimate for the recoverable gas on in first tier myocene is 474BCF. High estimate is 943BCF.

Gas is priced in thousand cubic feet Mcf. It is currently at $1.9. For simplicity I will use $2. (gas will also likely recover much higher)

474BCF is 474 million Mcf.

That equates to $948million revenue. If use the high estimate from cpr it is double that. Paul used a reputable company to carry out the detailed cpr. The Morrocon goverment is also paying sdx $2.3/Mcf. So the true value could be much higher as there are also other potential fields under the license area.

So you can see why Paul gleems any time morroco is mentioned. He did not want to dilute but felt it was worth it to expedite morroco.

If we can drill and find near those volumes then our 75% stake in morroco will be sold to a major. A huge sum.

Some of those funds will be allocated towards island which is another big project, the rest a fat divy for shareholders including himself. What I'm here for.

According to this article the lockdown in Morocco should last till 20th April.

"The country entered into a lockdown on March 20, and the measure will continue until April 20. This limits the country’s in-person economic activities to only “essential” operations"

https://www.moroccoworldnews.com/2020/04/298256/covid-19-stalls-predator-oil-gas-drilling-operations-in-morocco/

As it currently stands Morocco has 883 cases and 58 deaths. Of course nobody knows if the lockdown will be extended but it does not appear Morocco is badly hit and shouldn't be too long before restrictions can be lifted there. Then we can crack on with the drill.

Oil deal inches closer https://finance.yahoo.com/news/global-oil-powers-grope-way-182054291.html

Opec++ meeting on Thursday and Friday G20 to discuss cuts as well. In Morocco the Gov pays a premium for gas so we aren't affected by this oil glut.

Thursday is the last trading day pre-deal then LSE closed for easter until Tuesday. 3p is in sight this week, then positive news on oil and its a quick run to 4p placing price next week.

LSE glitched around 4pm and deleted the trades going back to mid Feb. Trades after that point will still show so the last 3 from today. They will show up in 15minutes on lvl1.
LSE has been doing my head in all day