Member Info for Zebra04

Welcome Fox. Not hate just envy mate. It's been a long year for many of us here. The more genuine investors here the better.

lvl 2 is looking much better only 2 mm's left below 2p. All 5 have moved up today so hopefully a sustained move.

I'm similar to you but not worried as the future looks bright. Next week people's ISA allowances will renew, expect more buying.

hearts how many are u holding now mate?
Glad to see WTI holding its gains

Welcome and those are some nice chunky buys. Wti holding 10% gains and remember we are profitable even at $20 barrel

Wti broke above its weekly high through the night on optimism from trump.

Quote from from an article earlier:
So I think that Saudi Arabia, Russia, they're negotiating. They're talking, and I think they'll come up with something.

I'm going to meet with the oil companies on Friday. I'm going to meet with independent oil producers also on Friday or Saturday, maybe Sunday, but we're having a lot of meetings on it. I think I know what to do to solve it, but if they're unable to solve it, then I think I know what to do to solve it.

I think that Russia and Saudi Arabia, at some point they're going to make a deal in the not-too-distant future because it's very bad for Russia, it's very bad for Saudi Arabia, and it's very bad. I mean, it's bad for both. So I think they're going to make a deal.

Small pop in oil prices. Looks like the majors are putting pressure on trump to intervene. A meeting is scheduled for Friday.
The texal railroad governors proposal to cut production together with Saudi and Russia is still the most plausible soloution. That's the largest oil producing state on board.

Trinidad is a net importer of oil. With heritage being involved the oil will be sold to the state.
If we can increase co2 production from individual wells they're more economical. Somehow we are profitable at 20$. Other wells that are loss making in current climate will be switched off.

Crazy times for oil. Could play out in a number of ways. The ideal and sensible being opec ++. Most the major oilers have bottomed out at 90s levels and almost bagged since then. Personally I think the saudis will give in to American pressure.

@SGD sorry I read that wrong. it has just started NOT completed. It is likely the other test centres are part of the same phase.

They have not sold any shares. It's just a percentage adjustment as the float number has changed. It appears they are holding till results as am I.

Given the exceptional circumstances the study is being fast tracked. Phase 1 of a study is used to assess the safety of the drug. In this case that has already been proven using SNG001 in COPD studies. Phase iiA is used to test the efficacy of the drug on a small sample size, that is whether it actually works. In this case that was completed on a single patient. Phase IIb extends that to a larger sample size which they are doing with the further trial centres.
Studies only progress from iiA to iiB if they show promise.

Gl to all.

Chancers the trade at 1.58 was a 300k buy. Last trade of the day.

The mm's dropped this after two 50/30k sells.

Yes it's shocking to only be up 3.5%. All them buys and 2 mm's wouldn't move it up.
However like yourself the rns is what matters to me. These will come good.
We're profitable at $20 a barrel which is mad.
I don't know what Paul has been doing to achieve that but it is hugely impressive. It shows the project has been planned. As oil recovers later in the year our margins will get even better.

Only a 10% gain but looks like everyone's in a better mood today. Today's update has taken away a lot of uncertainty. The company is not going bust, Trinidad pilot is continuing and in morroco we're wiating for corona to settle. Madness despite that we are valued at under our cash reserves.

Paul says this is a good oportunity to look at acquisitions. Does this mean the rig contract will be renegotiated at a lower price leaving some funds spare?

Looks like mm's are finally letting this run. Still need to see if that large seller reappears. There's 90k shares at the ask then it's up to 1.9

I will hold past break even chancers. That RNS took me by surprise and we are all good yet can get these shares at a bargain price. Trinidad`results soon, Morocco progressing with contingencies in place to avoid corona related delays.
sat on 600k shares now at 4.1p

The Company's Enhanced Oil Recovery ("EOR") project in Trinidad remains on track for revenues and encouragingly for Predator the project economics are still attractive even at WTI 20 $/brl.

This was comforting and surprising, We all expected Trinidad to be put on hold but according to the Rns we should be producing income from it soon. Looks like the co2 project is commencing well.

topped up 120k shares. :)

Maybe Paul reads these boards. Nice update.
The fundamentals of the Company are unchanged - well-capitalised, low overheads, revenues anticipated from Trinidad in due course, Trinidad operations forecast to be profitable even at lower oil price; drilling opportunity in Morocco which still aims to exploit a very attractive gas pricing scenario which remains robust when selling to an industrial domestic market in competition against more expensive imported fuels.

Going through the trade history, a lot of the large sells seem to be large buys from a week or two ago.
At this point could just be folks bailing after seeing us continue to drop. Unable to catch falling knife... Highly volatile times as well.
Market makers will use it to thier advantage until the t trades close. This will give them a load of shares at close to 1p before any news arrives.
As mr mm said an rns to say the bod is not aware of why this is tanking would go a long way.

Paul Griffiths, Spreadex and Paul formanko acording to last tr1s. There's were two other large holders during placing. No tr1 have been released regarding thier holdings.