Member Info for Zebra04

All sells today but the sp stayed the same. Which is good.

We're holding support level around 4.7-5. I don't think this can go any lower. When gets under 5p it comes back the next day. It's shown that repeatedly now. Won't set off until Trinidad production which should be September.

Chancers if you want to buy 4.9p would be the cheapest. I bought more at 5.2 once we received confirmation things are progressing in the Trinidad rns. 0.3p makes no difference in the long term.

@winnerscircle welcome and probably not the best entrance. The more posters/opinions we have the better so let's not turn on each other. We all react differently when things go bad. Nobody likes to be in the red. Chancers has contributed a lot to this forum over the year and kept the conversations going. If he wants to vent now then so be it.

I'm still holding all my shares and waiting till one of the three projects delivers. I'm confident management can deliver as they've made progress on all three projects simultaneously over the past year. Trinidad delayed two months is not a major setback for me.

@chancers. If they converted more of the loan we would receive an rns with a date of when the shares come to market.
Could be some shares they had left from previous conversions.
Those two 100k sells were then deleted. That's likely mm's trying to temp retail investors into selling.

We're down again but I'm not fussed as we've been trading within this range for the past month. So we're not down per se.

Not sure where these sellers are coming from. Could be arato selling their remaining shares prior to another conversion. Anyone notice novum is no longer quoted as our financial advisor in the recent rns's. Have they been dropped?

@chancers I can understand you being disheartened with prd. Especially when the half you sold and bought cerp with is doing well. I wont tell you what to do with your money, however don't forget why you invested in this company.

Not too long ago we were all saying 8/9/10p was cheap. Has anything really changed? I initially invested in Trinidad and Ireland potential. We now have Trinidad Ireland and morroco. All three are making progress and there's no indication any of them has faltered.

CLN has affected the stock price but it does not affect the company. Personally I invested in the company not the sp.

From this mornings rns.

"The Ram Head prize is potentially large enough to attract interest from substantive parties. Conditions are right in Ireland now to re-approach some parties."

"A further operational update will be given upon completion of the seismic reprocessing".

As Paul mentions "re-approach". Its good to know paul has already approached some larger players and it appears the Irish government stance was previously a stumbling block.
Now they've confirmed they will no longer proceed with the climate emergency bill.

I bought more as Fridays news was clearly important enough to excite Paul. It also gives a bit more urgency to our Irish projects.

I'm more optimistic on the frontier exploration license being granted for corrib now.

SP doesn't reflect it but the pieces are falling into place for us. 3 great projects that management is working on simultaneously and only 6mil market cap.

Dyor

I was getting buy quotes of 5.18p. somebody then bought 60000 shares at 5.8p, which is a 12% premium on the ask price.
SP then went up 10.5% on both HL and google however the bid and ask stayed the same at 5 and 5.2.
I did a small top up at 5.2, immediately the SP then went down to -0.9% and bid/ask changed to 5 and 5.4p. The spreads gone back up.

Doesn't make any sense but interesting. MM's could have raised their bid and ask accordingly but chose not to. Any opinions?

Welcome. Good timing to get in Ldog
I agree we bottomed out last week, chart confirmed support around 4.7-5.2. I expect us to steadily climb up next week with some pull backs by MM's and traders. Most the individuals that wanted to sell have done so already over the past 6-8 weeks. In a way it's good the CLN cleared out weaker/impatient hands prior to production. Less resistance on way back up. It's also given the share more exposure.

The market over reacted to the CLN and delay. We're easily oversold. Also I do think many are underestimating the significance of the recent RNS.
1. Delay was used to improve the efficiency of the pilot study. Cost were kept to minimal during this time. This doesn't justify the delay or give the exact reasoning, however it does show management didn't sit around idly.
2. CPR shows significant recoverable gains even at the low end.
3. CLN is not as bad as many have perceived it to be. It helped us quickly secure a potential multibagger with Morocco.
4. The RNS confirmed Trinidad is going ahead.

@Mniy I think it's more likely we'll get a new podcast like Gizzard said.

We went from 2 trades yesterday to 55 trades today.
@chancers as a day trader I'm perplexed as to why anyone would try to day trade this. 10% spread and large unpredictable swings from mm's. Spells disaster as you've shown. Better to day trade on us stocks. My recent ones have been SLS and FCEL
Following the March 2nd rns it took about 3-5 days for the sp to peak. Looks like news spreads slow for prd. Expecting Monday to be green as well.
The Irish news is reassuring for our prospects there.

Been busy with patients but glad to see we got up to 6p. 1.3million buys today. We're usually slow to get buys following an rns.
Onwards and upwards.

I've been watching this since it mooned on Tuesday looking for an opportunity to get in. Expected a pull back to 6. Glad i and was able to get in at close today. Will buy in further chunks depending on price action. Upside easily outweighs the risk.

Todays RNS isn't a delay as the field test will still commence when should. Well casings that were supposed to arrive earlier than everything else are now arriving a little later but still on time. Could simply be a shipping delay.

Yesterday was profit taking. This morning the stock set off again until the RNS with little resistance. When something has gone up over 100% in a day, there will be a lot of scepticism amongst new investors, who are in for a quick profit. MM's then used the RNS to drop the price they quoted. Retail market panics and sells which allows them to drop it further. One of the many games they play knowing many will skim over a RNS and not properly digest it.

I'm simply in because once the test proves a success in August, the current SP will be laughable. Best of luck to all however you chose to play it.

None of us expected the environmental clearance to not be granted. So I don't feel it deserved its own rns. Looks like Paul was looking for the cpr report to be completed.

At the low end 5.2 mmls barrels recoberable at $55 is 286million usd revenue. I believe once the co2 pilot is completed and proven to work. Paul can approach a bank or another reputable lender with this information to get the 4.2million loan required, to purchase rest of the field. A little debt refinancing and the bank can chuck in another million to pay off the cln.

The new broker could be here to facilitate the above.

Paul won't mention cln until something news worthy.

@razel I'm beating myself up for not buying yesterday ha

Good morning all.
Low end of cpr confirms 5.3million bbls recoverable. Not bad for short/mid term cash flow.

i'm also more relaxed as we've seem to have found a bottom. Ireland i feel is high risk but huge potential rewards. If we successfully drill gas in either ram head or corrib, the assets will be sold off to a larger player. If that happens I expect us to get above 100m mcap.
That's a big If though. We're currently looking for a drilling partner for ram head. The CPR RNS has hopefully got some parties interested and we can announce a drilling partner by the end of the year.
Corrib seems to be going at snail pace. It's good we have two different assets in ireland increasing the chance of one being successful.

Thanks for the replies guys. Was undervalued at 10p so 5p is a bargain. My last buy was £3.5k at 6.5p which turned out to be too soon hence I'm a little reluctant now.
@chancers with the emails being outsourced perhaps paul hasn't even received them. I'd like to think he's busy getting on with the projects and won't communicate with the market until he has something of substance

@chancers, you nailed it with cerp timing, well done.
@bradleybear yeah Ive no intention to sell at a loss, we're just trading sideways now however the sells will at some point dry up and then we can climb back

I'm holding £11k at average price of 7.5. Each percentage movement is huge for me so belive me I've felt the pain the past few months.
Will keep watching as trying to average down will cost me a lot. If hits something silly like 3s I will.

Anybody else tempted to buy at these prices? The cerp presentation confirmed Trinidad is happening. So the fundamentals have stayed the same.
Simply recovering to 10p is a 100% return.

Hardly any volume to justify the fall. We don't have any institutional investors so will likely be continued negative pressure on the sp from disgruntled retail investors. Hopefully it can hold 4.95.

CLN brought us down to here but its the retail investors continuing to sell at these bargain prices that's keeping us here.

It's going to be a long wait until September production. However when the time comes we won't have a 5million market cap.

I see a lot of frustration on this board and rightfully so. Unfortunately Paul hasn't delivered on his word this time. It will likely trade sideways until either Trinidad or Morocco updates.
@chancers I don't think you'll have any luck looking for answers by contacting them. Anything meaningful will be released as an RNS. However it is frustrating to know they don't have the courtesy to reply to you.
Delays happen, we don't know the intricacies of delivering such projects. Paul has over promised a little with the timescale. It doesn't really change the three projects i've invested in. Does change my opinion of Paul a little.
I continue to hold until we get another update. CERP has updated their shareholders but the news isn't going to set off theirshare price. Paul i hope is waiting until the news is sufficient to do so.

I'm holding 200k shares and down a fair bit. If we secure a drilling partner for morroco we won't necessarily need the cash from Trinidad.
Companies outlook for next 6-12months still looks good if we take Paul for his word.

I would still wait until news. I feel if you bought you would sell if we get another conversion prior to a positive rns. Potentially losing some more. You might miss out on 10-20% gain, however the sp needs to rise over a 100% to get back to previous highs.