Member Info for Zebra04

those sells at 2.34 are all buys.

4p is where it should quickly recover to as that was the placing price prior to global crash. Paul was able to raise 3.5mil at 4p.
MM's are happy to tick this up.
just need too clear the profit takers from below 2p.

Fox I use this for my WTI price. currently $26.9
https://finance.yahoo.com/quote/CL=F?p=CL=F

highest ask is 2.8p now chancers

Don't know why folks selling. 2mm's had moved their bid/ask up prior to those sells. 1 was at 3p ask.

Unfortunate to see the drill come up short. Especially after it was promoted repeatedly by sharetalk.

Just last month he posted:

"88 Energy (88E) announced that Charlie-1 appraisal well drilling has commenced. To quote, they are “optimistic that success is just around the corner.” This is a credible drill since Premier Oil (PMO) has farmed in, and a big one targeting 1.6 billion barrels of oil and 480 million barrels net to 88E. There are seven stacked targets and multiple oil and gas show announcements are highly likely. I highlighted this as favourite several times around 0.7p in the blog and it’s now around 1.2p, having been nearly as high as 1.5p."

He should be tackled on spouting rubbish as it looks like many here have over exposed themselves. He will clearly have sold long ago.

Another late sell, mm's happy to buy for 2p.

Now that we're able to sell large amounts there's potentially going to be a few more of these roll overs exiting.

Mrmm what date did u have for the last one to close?

We shouldn't see 1p again.

hi bamps
The benefit to cerp is the cash injection only. I do feel the 4.2mil can be renegotiated and you're right CERP don't have to sell. Latest RNS says Co2 project is still profitable at $20 oil. It's likely their costs have probably come down. So I wouldn't quote the old figures as facts. Too much has changed.

@bamps the 4million ask was negotiated at a much higher oil price. In the current climate it is no longer worth 4million and so PRD will likely try to get the price down. For cerp it is a cash injection, perhaps 2 or 3 million?

Similar to how posters here are optimistic the extension is to agree favourable terms considering oil prices have tanked.

That is If PRD still wants to purchase Fram. The board is mumbling about other opportunities in Trinidad.

late 800k sell from 14:30 has just been published. That will have held us back a little. 16% up, can't complain.

@mornington our volume is generally low compared to other oilers. Yes the board took part in the recent placing at 4p, they raised a total of 3.5mil. SP needs to bag to just get back to placing price.

1 mm on 2.2, 1 on 2.3, 2 on 2.4 and 2 on 2.5.

Seller or short is definitely cleared.

GL all.

There we go. Finally scap has moved up to 2p ask. That's all 6 mm's now on 2p + ask. Each with 30k shares

There's one market maker holding his ask at 1.9. The others are all at 2/2.2.

Looks like a bit more optimism out of Russia this morning. Recovered most it's losses over night and us futures Green.

Moscow and Riyadh are 'very, very close' to an oil deal, says Russia's sovereign wealth fund chief - https://www.cnbc.com/2020/04/06/russia-saudi-arabia-are-very-close-to-an-oil-production-deal-rdif.html

https://finance.yahoo.com/news/saudi-russian-negotiators-talk-oil-110522315.html

Negotiations will obviously not be a straight forward process. Expect oil to yoyo till deal is signed. Which it will be, its just a matter of time.

This is an oportunity for both sa and Russia to ask for something in return from USA. Of course they won't act as if everything is dandy. They're just taking a rule out of trumps negotiating book lol.

Although the costs to us is pennies on a barrel the 4m ask was negotiated at a much higher oil price

I wonder if we can renegotiate the 4m ask in the current climate.

Grh do u mean towards purchasing fram?