Member Info for Zebra04

Gudin,

Spike in volume on day of warrants rns was people selling in anticipation of the broker selling. There wasn't large block trades like we've had every other time they have converted over the years. Again, where's the trades showing them drip selling as you claimed?

"Selling the only profitable warrants before an event that may negatively affect the share price is the only logical reason"

Theyve left it rather late

"You are the only one trying to spin this as a positive which considering the upbeat nature on here should tell you something."

Tells me you need others confirmation.

Gudin

"why would the brokers convert and take the risk when they could wait until after results"

Youd have to ask them but they did convert in the middle of testing.

Yes we all know how brokers convert and flip, usually forward selling. You don't need to explain basics...

My point has been there's no volume to sell into, and so far none of the usual 250k 100k sells.

"Drip feeding sells over the last week"

Can you point out the trades?

Still no dumping of warrant shares by broker.

Did something leak to them which made them convert three weeks into mou3 works starting?

Conversion price was 5.5p.

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Found it

Under false colour, the latest passover shows changes at the well pad.

Does anyone have the satelite link for mou3

It's now been 3.5 weeks since mou3 work started. Paul said it will take at least 5 weeks.

So hopefully 2 or 3 weeks till we get them.

The broker converting so close to results when there's no volume is interesting.

No delayed trades posted after hours.

Gudin

Would be daft to try sell into low volume and low sp.

@ gudin

Volume doesn't indicate they're dumping.

It was a strange time for them to convert if they're looking to dump. January run up would've been better when there was plenty of buyers around.

Volume has been low for a while now in run up to sandjet.

@Jimmy

"High density drilling program"

That could be why prd is looking to bring a new rig into country. It does appear they're planning for bigger things.

I agree cng is important but if sandjet results takes us to 30p plus, a 10mil raise is minor.

Cleverly worded to sugar coat.

"The early stages of the Sandjet rigless testing programme have commenced with the arrival of some well services equipment at the MOU-3 well site and the preparation of the well for re-entry and perforating"

This is misleading. We already know we've had delays in the past due to things not arriving on time. It's disingenuous to say sandjet has started when all the equipment has yet to arrive and we have no idea when it will arrive.

Mou 5 drilling date has been missed. On two occasions Paul said it will commence in May, once quite arrogantly at the agm when asked why he hasn't talked about it.

@ibiza

I guess you weren't around when we were in Trinidad.

Our project was delayed for years, Paul kept missing his own deadlines. Then we finally reached 50 bopd and Cerp shut it down.

Zero chance trinidad funds morroco.

£40k buy at 11p

Nice

MrGman

You shouldn't blame derampers for the poor share price performance the past year.

The market has been expecting flow test results for a long time now. Delays can't be rewarded, quite the opposite.

When the wells flow, nothing anyone says on here will matter. Until then, my frustration is directed at the board.

I've been invested since 2018. This was my halo share, the one that was high risk but had the potential of generational wealth. That makes it all the more frustrating.

It says new shares were allocated.

How many and what for?

A poor AGM update.

Late to catch up.

Great that extension has been granted.

Sandjet can mobilise.

Best rns we've had since phase 1 results.

Jimmy I get your frustration but at least things can Start moving now.

It's been over 2 months since phase 1 results.

An update on sandjet would be courteous and appreciated.

Billyrayval

Was he on the ceg board when they unilaterally shut down our pilot co2 project?

Name trade

Co2 eor was supposed to fund morroco. That was so long ago most won't know.

It didn't work out, so of yes they would need to either borrow or place shares. My point is you can't boast about not having debt when you have repeatedly diluted shareholders instead.

They could service the debt by producing from mou1 they drilled almost 3 years ago.

Instead we have raised enough to drill 5 well, phase 1 and phase 2 testing, Cory moruga and Ireland related costs.

It was Paul's decision to keep raising and moving onto the next well/project before proving up flow rates and crystallising value.

That would've opened up other avenues for funding or at least required fewer shares to raise the same ammount.

The share price is what it was 5 years ago but the market cap is 5.5x higher.

Last summer instead of mou4 drilling if we used the funds to flow test mou1 and 3 the sp would be a lot higher now and less dilution.

If I didn't think guerciff was massive I wouldn't be here.

CCC

I don't think it's entirely fair to blame the London stock exchange. Sp was at 14p before Phase 1 results. It was going to fall afterwards when nothing flowed due to inadequate perforations.

The market has been waiting for flow test results for a long time now and paul has repeatedly missed his own deadlines and then was unable to source the right tools.

It's not a good look for the ceo to look for external excuses for his own shortfalls.

It doesn't matter why the delays, the buck stops with the ceo.

If Phase 1 flowed and the share price didn't move then I'd get it.

Similarly, to brag about no debt when the share count has increased from 100mil to 565mil is shameful. Retail shareholders have funded this company over the years. The placees always dump to retail.

It was Paul's decision to not flow test and go to production with mou1 to start generating revenue. Instead he chose to continue drilling. Even if it didn't go to production the fact it flowed would've raised the sp. Subsequent raises would be less damaging.

I belive in the asset but definitely not the way the board has gone about trying to monetise it.

Every rns drops the sp.