Member Info for ziquarat

my god...... seriously though. on a massively reduced choke. no water cut, self flowing, under its own pressure. the choke is keeping it down to 500 bopd ... are you really this dense or are you amusing a friend?

you understand the principles of a ''tap'' RIGHT... you know...you open it a smidgeon and a dribble comes out..... you might fill a cup in 20 minutes, or you open it half way and you fill a sink in 5 minutes etc etc...

NOW i have explained the basic operating principles of a tap.... you can use the same philosophy for a choke.

NOW ...go and read the RNS again...and lets see what your next little nugget of wisdom is..

yeah, 4 p coming, so that means the mates who buy in at 4p....only need it to get back to 8p, to double their money. eg...they can cash out, claim 100% of their money back and have a free ride at the exact same point that the rest of us mugs are at today. fil your boots indeed. good luck with that one.

this is gonna drop like a sack of garbage today..well done BoD...well done.

?

Double where it is today..... well. the share price is 20p - the last equity raise was at 22p, so for them to get there money back and have a free ride, the could reasonably be expected to cash in anywhere over 32p, giving themselves a 50% freed ride.
last year we had a massive equity raise, just before the consolidation and that gave something like (currently) 19% of the issued shares at 30p. so for them to sell and have a free 50% ride, they would need to hit 45p a share. Your guess is as good as any, but i suspect that 32p is potentially achievable whereas... personally, IMO..i doubt we will ever see 50p. not in the near future anyway. not in the next 2 years.

All good then. working capital required. we knew this was coming, its as regular as clockwork.
No surprise and the next one will be in a years time. All good in my opinion. no issues.

looks like a death spiral

Chin Up Mickeybee, it could be worse. It could be UKOG. or it could be oil with massive amounts of asphaltenes, or high water cut, or a council that says no. Im a LTH too, chin up, keep smiling. keep it light fella!

Most likely is monday.

i hear you mate and, when i say 'i feel your pain'..... i really do. same boat!

Its not a foregone conclusion anyway. last time they voted for a rate rise it was 6 - 2 against.

We all hope things will improve and im sure in time they will. keep the faith. thats why we are all here, to make money.

that means an SP of circa 50p a share, if its a $1b MCap

There ya go, theres my buy, the only one in blue, hard to miss

Flatearther....... today, for one day only, im an eternal optomist.
tomorrow, i may revert back to type

Ive been here long enough (this share, AIM in general and life itself) to know that nothing is certain.

but, im feeling optomistic. im in a good mood and its driving my optomism.

i wish everyone good health and good fortune

today.........

So, its really not all bad.

September 2020, there was a leak, 4.1 billion shares sold at mates rates to raise 7 million quid (at 0.16p), pre consolidation.
this means that POST consolidation, the investors have (at a 200 for 1 consolidation) 20 million shares with a break even of about 32p... 20million shares is about 1/5th of the issued share capital post consolidation...

Fast forward to this year....AGAIN..

then September this year, 3 million quid raised by selling 13.5 million shares (NEW shares) at mates rates for 22p. so, ..

If the SP drops to say 11p, anyone who leaps in, is pretty much guaranteed to double their money, as the institutional investors at 32p wont be selling their (now less than 20% ) holding and the new 22p institutional investors, wont be selling theirs either...

SO, in my opinion, if you buy in anytime now, your gonna make money. its just a case of how long you have to wait.

i got offered 1.15.... so ive set a buy order for 1.1.... my average at the moment is 0.778....

Just drop the ask price, just to 1.1.... then i will spend some more money, come on MM's

YAY... more drilling and proving up..... great news. onwards and upwards.

soon be back at 24.5p....... where we were after consolidation nearly 18 months ago.
Thrilling stuff being a long term holder here..... the potential, (as i am constantly reminded on this board)...... is outstanding.
the upside is phenominal.

Now we just need to lose this 14% spread, lower the ask and as they say in Scotland,..... Am baws deep!!