Member Info for Zebra04

Looks like that single 5k buy bought all the shares at 4.25 and now up to 4.5. One decent sized buy is all it took to move up. We've crossed the 50dma (4), a bullish signal. The 100 dma is 4.67.

4.95 to end the week seems achievable, without any news. From there it's up to 7 and then we will have resistance until news.

In the past 5 days we have gained 30% and no sellers in site.

On Trinidad alone.
Management forecast; Year 1 full field production gives us a net profit of 10million. With lots of scope to expand the co2 EOR in the area.

So a 20m mcap would still only be 2x net profit.

Morroco is a whole different level. IF we drill and recover gas as estimated in the cpr. This won't be a penny stock. Let's not forget, Paul is always quick to remind us morroco is the transformational one.

Prior to the cln and delays, we were around 8p. 15-20p was a realistic target once the pilot was a success.

Even at 20p we would only have a 20mil market cap.

Current 4mil market cap is way undervalued, as news flows, the market cap will correct itself and the sp will follow.

Glad to see no conversion today considering we bottomed last week.

A few more months and it should pay off.

I'd be glad if we can end the week at 4.95 without any news.

According to Paul's July vox market interview; they were on track for drilling morroco by the end of this year. They'd also applied for environmental clearance.

Paul has empathised the strategic importance of starting morroco asap. Its not only low risk, It would free up the 1.5million usd Bank guarantee we've put down.

There may be a delay, we haven't had an rns confirming we've been granted environmental clearance.

If a morroco update does drop before Xmas, this will easily break through resistance and fly above 7.

Not investment advice.

Well timed and glad to see new investors here.

Its nice to break 4p and no sellers in site. The 50day moving average is 4.15p. The last few trades took us above this and should confirm a trend reversal.

Looks like somebody bought 135k shares to then sell at a £250 quid loss an hour later. It's silly trying to day trade with a 15% spread.

According to the last RNS the C02 equipment should begin testing next month before being moved to the site and the project has to be implemented by 28th January 2020. I think the past few days have confirmed the bottom, nobody would sell at those prices.

I've pasted a summary from a Petrotrin study looking at co2 EOR in Trinidad. The method clearly works but proper planning and well selection is crucial. There is a precedent for management to follow which helps us de-risk a little. Recent delays have at least shown, Paul is trying to ensure the pilot is executed with the maximum chance of success. Not investment advise.

Four immiscible carbon dioxide (CO2) pilot floods were implemented in thePetroleum Co. of Trinidad and Tobago's (Petrotrin's) reservoirs at its ForestReserve and Oropouche fields, Trinidad, over the period 1973 to 1990. The projects were conducted in a gravity-stable mode after primary, secondary, and tertiary production (after natural-gas and water injection). CO2 was injected into thick sands of variable continuity containing medium-gravity crude (17 to29°API).

Production increases were observed in all projects. It is postulated thatinjected CO2 swelled the oil, reduced viscosity and helped form oil banks that could move more easily under gravity. Oil-production rates and recovery improved as a consequence. In some of the projects, these beneficial effects continued for several years, even after discontinuation of CO2 injection(supply interruptions), with recovery aided by water influx. Interruptions inCO2 supply did not appear to harm incremental oil recovery materially.Channeling was observed at high injection rates and was promoted in reservoirs with low transmissibility.

Oil recovery improved as more off-take (production) wells were added downstream of the injection wells. This phenomenon reinforced the importance of optimising volumetric sweep and of capture during CO2 flooding by judiciously selecting injection and off-take locations. Incremental recovery ranges between2 and 8% of the original oil in place (OOIP), with predicted ultimate recoveries of 4 to 9% of OOIP. Cumulative CO2 use improved with efficient production practices and ranges from 3 to 11 Mcf/bbl to date

There are many other studies out there, DYOR.

Finally able to buy. Two lots of £1500 are mine

I've still not been able to buy any. There are clearly buyers wanting shares but the mm's won't put up the price to temp more sellers into play. Which is how the market should function.

No idea what their game is but the recent drop has taken away the tiny liquidity we did have.

Attempted buy at open but no shares available. Also unable to sell at open.

Price drops and mm's are now happy to purchase my 200k shares at 3.30. Still unable to buy any shares

@chancers,

What's your target price to buy?

3p is my target to average down but will wait till mid/end Dec

My buys are showing up as sells today.

The sell quote I got was 3.5p on hl today
All those sells from today are likely buys. MM's getting away with it as tiny mcap and negligible volume

No large buyers available. Unable to get any quotes for £1.5k and above.

We now have an extension until sep 2020 to purchase fram. Good to see no immediate rush to purchase or risk of dilution

I'm surprised there were so many shares available at these prices, almost 2million buys and the trend wasn't broke.

Heritage approval should be due soon if the equipment arrives in December. If we consolidate here next week I'll start to purchase in tranches.

Still holding unfortunately and looking for an oportunity to average down and exit.
Too risky as there's no bottom in site.

The problem is it won't stay up until we have oil and become revenue generating.

The market was expecting us to be generating revenue by now and won't reverse the trend until we do.

The fact that we've signed a none disclosure agreement with another company with a large producing field tells me the project is still promising. Cerp have also done the same.

So now its see how low we go and then bring my average down to 5p

Not everyone will be in the red. Paul and rest who bought at ipo are still up 30%.
Management have seen their paper gains go from +300% to +30%. Hopefully they're feeling it.

Would like to average down. At these prices I could bring my average down massively. However I can't call a bottom and no significant news expected till January.

No idea how low this will go. Tiny volume traded daily and a handful of mm's controlling the movement.

I would like to average down but will wait till around dec/jan and reassess where we're up to.

There is still the question of rasing funds to purchase the field from cerp. No idea how the delays affect this. The deadline is before any EOR has taken place or any revenue generated. Diluting at these prices would be insane.

I've little faith in the last timeline provided as it's been delay after delay for the past 6months.

@imjbeadle Either sell or forget about these for the next 6months.

Back hovering in this range until trinidad results. Rns have dried up again which is disappointing. I'm still holding although I am growing a little frustrated. Progress has been way too slow but ultimately I believe we will get there.

You can always sell and move on...

At this early stage of the analysis, the Company can confirm that the RF technology was effective in the heating of shale at the Holiday Block, though the data collected showed areas which require further optimisation. It has been determined that sufficient data was recovered during the Field Test to enable the Company, in collaboration with its partners, to begin the planning work for the larger, pre-commercial testing phase, once the data analysis work has been completed.



Whilst the Field Test was concluded before oil was recovered to surface, condensed oil was present within the production well and melted bitumen on the ceramics of one of the RF antenna, demonstrating that oil generation had occurred in the heated formation.

Columbus has now successfully completed workover operations to survey downhole the AT-4 and AT-13 wells on the Inniss-Trinity IPSC in preparation for future CO2 injection and enhanced oil production. This follows the same workover operations successfully completed in August on the AT-5X well.

Predator has confirmed to Columbus that based on the AT-13 survey results, the Herrera #2 Sand has been selected as being accessible for CO2 enhanced oil recovery ("EOR") operations. In this regard, AT-5X and AT-13 have been selected by Predator as the preferred initial wells for CO2 EOR injection and production operations.