Member Info for Zebra04

1mm moved bid to 5.5p.
1mm moved ask to 6. 5p

There's 120k shares at 5p bid. 4mms on 5p. 1 on 4.5

All 5mms at 6p ask

Last week could have been the formation of the handle and next we break out. The market sentiment is there post election and us/China trade deal.

Our adx value sits at 29.57 and has been ticking up slowly since we've bottomed out at 3.35. Confirms strong trend.

I would be happy to see us end the week with the bid at 6p. A modest 20% gain over the week. Let's not forget, not long ago 6p used to be a low entry point. Since then the company has made progress.

The 5mm's generally quote 30,000 shares each way for this share.

30,000 at 5.4, the same at 5.5 and 90,000 at 6p

Glad to see the uptrend continue.
There is 1 mm left at 5.4p ask. 1 at 5.5. The remaining 3 are at 6p ask.

Today is the first day there are no bids in the 3s. The lowest mm bid at close was 4.4.

A few decent buys early next week pushes us up to 6p ask.

@beadle Why did u not sell at 6p if you think it is going to 2p?

Nothing goes up in a straight line

Fear of the cln could be holding back buyers. One mm dropped the ask to 4.8 and wasn't able to tempt any buyers.

There is one mm at 4.8 ask. 1 at 5, 1 at 5.4 and 2 at 5.5. Won't take a lot of buys to move back up.

The rsi has dropped to 62 which is good. We could do with a video update by Paul to keep the momentum going.

@ cargarnet No at 3.75. I bought just after we bottomed at 3.35 to being my average down.

I managed grab some at 3.75 to bring down my average.
Today is needed to cool the rsi

This month we should get an update as the co2 equipment is being tested by our partner macy before being transferred to the innis trinity field. The environmental clearance certificate is also due for Trinidad. We made some modifications to the pilot and so a new certificate is required.

The main rns us LTH are waiting for is the co2 pilot results from Trinidad. The testing should begin in January 2020. The results were due last July but there have been delays and the sp has fallen. Until the company has cleared that milestone the sp won't reach new all time highs.

I've held these for a long time and followed closely. Despite what the sp has done the past year, the company itself has continued to make progress on its three projects (albeit a little slower than we'd like).

The market does not like delays or cln's. The later has only led to 8% dilution since ipo.

Despite the gains over the past 2 and a half weeks, we're still at bottom prices with a 5m mcap.

Everybody should do their own research before investing.

Despite the profit taking, I expected us to close higher than 4%. Today was the largest volume day we've had, over 4million shares traded.

I don't understand why people sold in the 5s. If they bought back at the end of the day then well done on timing otherwise, there's so much more upside. This is not even the news us LTH we're waiting on. A nice icing on the cake.

The sells were healthy for the rsi. Still sits at 79 but we've had nothing but buys for the past two weeks

Tried a dummy sell for 280k shares. 5.2p quoted.
Buyers and mm's are lurking

1mm on 5.5, 1 on 5.8 and 3 on 6p.
Should tick back up in afternoon

The Rig Option Agreement provides for a rig mobilisation date within a window commencing 15 March 2020 and ending 30 April 2020 unless otherwise agreed by mutual consent of the Parties.

The initial drilling programme shall comprise the drilling of the Moulouya-1 Prospect, subject to all regulatory consents and approvals, to a depth of 2,000 metres. The drilling rig mobilisation and drilling operations are expected to take up to 30 days.

Was not expecting that at all but a great rns with a short time line till further updates.
Im holding these tightly

The SP ended the week near enough where I anticipated. The RSI is beginning to get high so I would normally expect a little cooling off. However the past 2 trading weeks there have only been 4 sells. Thursday morning MM's opened up -6%, yet nobody sold and just more steady buys. Our daily volume is equal to the average for the past 3 months, except they're all buys. So the volume is yet to come. A high volume day for us is typically 1.5-2 million shares.

I am expecting two RNS this month, the first should be environmental clearance for the upgraded pilot. The second, completion of routine testing of the co2 injection kit. Either of these would give the SP support and attract volume which would solidify the move up.

Our normal trading range was 7-9 prior to march pump and then subsequent fall. I would be more than happy to see us back in that range prior to the pilot results. Then a quick doubling of the SP IF results are positive, taking us to 16-18p range. Results I don't expect until the end of jan early feb. That is without any setbacks.

As mentioned whats great about this stock is the tiny free float and commited long term holders. If you look at how many people sold over the past 6month fall, it was not a lot of volume.

This is excluding what Morocco or island will do to the SP. I've come to expect delays from this sector so I'm not focussed on them as Trinidad alone can do a lot for the SP in the short term.

Oil is obviously needed so by using co2 EOR we are storing away massive amounts of co2 that would otherwise be released into the environment. IF the pilot is successfully completed we should have some estimates on the total amount we would be storing over the life of the full field. Which would be positive publicity for the company in the current client.

Not investment advise.

Personally I'm not worried about the cln. It's already done it's damage. Positive news on I'll easily outweigh it. Too much focus on the cln will mean missed opportunities

Tried some dummy £100 quotes towards close today.

Sell price is currently 4.17 and buy is 4.5. The spread is 7.5%.

Happy to see this slowly tick up without any dumps.

@chancers have averaged down yet?