Member Info for Zebra04

Correction to my previous post.
We applied for the license on 7th June 18.

A decent holding is perspective of the individual.

I'm fully loaded holding 280k shares. I'd planned to hold 200k but decided to average down at the bottom.

I've been doing some research into corrib. It's the slowest out of the two Irish prospect. We applied for our frontier exploration license in July 18. Looking at other companies it generally takes up to 2years to award it.

We should hopefully get the license update in the next few months. Potentially sooner as the Irish goverment is no longer awarding oil licenses and only focusing on gas. A ram head update will likely come before that.

My average is 6.4p. So I'm back in the black.
Many will have much higher averages as we still haven't recovered to our normal range of 7-9p.

I don't see a dip coming up, we've already had a pull back and then steadied here, just below the 200dma.

It's 6.1p to buy now. Mm's are happy to tick this up if we can get some volume. For now we keep getting sellers as we go above 6.

I can see us sitting around this level until a rns drops in January.

The asks are 30k at 6.2. 60k at 6.5, 30k at 6.7 and 30k at 7.

I agree with middleeasternmoney, I don't think marathon fully appreciated the gas find at the time as oil was their priority.

2020 will be a good year for us.

30k shares left at 6p ask then it's 90k at 6.5p

Great Posts MM.
Glad to see us hold folllwing yesterday's pull back. We're holding around the 200dma. The rsi has cooled and the chart is looking bullish.

It's hard to speculate the future market cap pre-revenue/production. From my own research comparing with other companies, 100mil was the sweet spot.

This company is also led by a very competent management team. They are experts in discovering and monetising oil and gas. Paul has spent his whole career doing this.

The fact management own 50% of shares means they ultimately want to see a substantial growth in mcap and sp.

Unlike many other ceos, Paul is not here for the salary. His salary of 70k is peanuts compared to what his 50% holding will be worth, if he successfully executes the 3 projects.

Gla

It was somebody with higher access to the market than us. They likely know something we don't.

Fewer sells this pullback. The chart is well placed to continue ticking up with few buys needed to move the ask.

In the last vox market interview. One method of financing Paul mentions is to sell part equity in the smaller subsidiaries of the company. For example we have a 75% interest in morroco, we could sell 5% to a partner to secure funding for the drilling.

Lvl 2 another 500k buy has gone through

The Rsi has now dropped to 65. It was at 80 yesterday. Some cooling off was required.

This morning on lvl2 the depth increased to 6. Somebody with direct maket access was lurking. It may explain the large buy. Spending 31k on a 10% spread, that is confidence.

Yeah so if the lender converted remaining note today they would get around 15mil shares. Plus the 8mil that mm mentioned. A total of 23mil shares, total outstanding shares would be 123mil. A 20% dilution since ipo.

Near term funding is supposed to be generated from Trinidad production in the new years. 1mil will also be released once morroco starts.
Paul has always stressed he wants to keep dilution to a minimum

Not sure about the warrants but there is 900k left from the cln. At 6m mcap converting won't cause too much dilution. As mcap ticks up the cln affect is reduced.

I can only get a sell quote for £10k once today. No quotes for my full holding it 280k shares. There's no way someone was able sell 500k in one go.
Let's not deramp

It's a buy to me. The trade before and after are at lower prices

Biggest buy I've seen. Mm couldve brought price down to fulfill order

Glad I averaged down at 3.75p, even now.

The sp is still recovering and is yet to make any real gains. 7mil market cap is still nothing when you weigh up the assets we have. Mm's are happy to tick this up but sellers held us back today.

The sp needs to get to 8p to recover its losses year to date. That's is a reasonable target prior to any big update.

Still no podcast from Paul. Nothing to elaborate on the morroco rig option, that's not like him. Its likely there is bigger and better rns coming in the short term. Then we'll get an interview

Dyor

30k shares at 6.5 then its 7.2p ask.
Happy Times

4 mm's and 120k shares at 6.5p. 30k at 6.7 ask.

Hi wackmiester,

At close there was 60k left at 6p. 90k at 6.5.

Zebra

2mm at 6p ask, 3, at 6.5p ask.

Could see 7 this week