Global Petroleum Share Discussion Threads

[emptyend] 12/1/2021 08:24

hTTps://www.offshore-mag.com/drilling-completion/article/14190132/americas-to-lead-offshore-highimpact-exploration-drilling

[daar] 12/1/2021 08:07

Twitter crew loaded below 0.80p and mugs buying now whilst they are offloading - Always the case. Back to 0.90 and below next few sessions

[emptyend] 11/1/2021 18:00

Whatever the case, 75mn shares traded is around a quarter of the current free float....

[apfindley] 11/1/2021 16:54

Beware of listening to everything you hear or read on twitter by the pumpers. They have bought at well below a penny before they even start pumping it.

[rachael777] 11/1/2021 16:48

blimey i didnt realise the volume that went through today - 66M! clearly one or two like a trade! I guess those new holders that were in on the placing found it hard to resist almost doubling their money and selling out, Just a bit more patience required here.

[yasrub] 11/1/2021 15:42

I am holding very tight ee, come too far - as has been said consistently a farm out is likely to change this valuatiin significantly.

[emptyend] 11/1/2021 15:12

It remains the case that the free float is pretty tight - albeit having been significantly expanded in the placing. Prior to the placing, I reckoned there were only just over 100mn shares in the free float and about 100mn held in very firm inside hands.As you can see....50mn has traded today.....

[fillipe] 11/1/2021 15:03

Edit;
Quite extraordinary that on each side of the bid/ask there is only 250,000 shares in total (= abt £3000) and that number is shared over 5 mm's ... a mere 50k each on show.

So,it's very tight and on success the upside will be more than just "a bit strong", to say the least.

f

[rachael777] 11/1/2021 14:36

trading this seems like utter madness - you have to expect that they will finally manage to get a partner on board - granted the terms may not be what they were hoping for but at these prices around a penny ANY deal is surely going to be a multiple of current price ?

[shortcpx] 11/1/2021 13:54

Of course you did. LARP trader

[emptyend] 11/1/2021 13:34

"all"?....

[jimarilo] 11/1/2021 13:17

I bought back last week and sold out this morning @1p .......shown late

[emptyend] 11/1/2021 10:34

Wonder how the GBP farmout is going....?Others seem to have interest:https://www.proactiveinvestors.co.uk/companies/news/904185/-major-oil-firm--expresses-interest-in-tower-resources--namibian-assets-904185.html

[jimarilo] 08/1/2021 15:05

Onshore Namibia......Not sure if anyone is interested or have seen this.......Recon have their rig on site from Texas and first casing set. Main drilling to commence mid January

[emptyend] 07/1/2021 08:41

Just for the record, the strike price for the (13mn) options just granted to Directors should be around 1.05.

[farnham] 04/1/2021 09:37

Mcap , shares in issue , area activity .Going to be fun here

[emptyend] 24/12/2020 10:51

Thanks.Re Yasrub's comment, I suspect we'd be "done" by now if the whole world hadn't hit pause and the oil price plummeted. This has always been high risk and I've held it on and off for the last 15 years - and made decent money on the way. Bigger stake now than at any point - but there is a lot of scope here, if the industry presses ahead as planned. Fingers crossed.

[chopsy] 24/12/2020 09:57

I too, thank you ee for your reasoned views, and of course, experience - NED of another E&P.
I did hold some store by the other one (gone now), but I didn't like his views on some other threads.

[yasrub] 24/12/2020 09:48

Yep - that has been the appeal to me the valuation is very low - some would say for good reason!, but there does seem to be genuine activity in the area for 2021 and as we know are predominantly majors. I remain hopeful.

[emptyend] 24/12/2020 08:40

At a little over £3mn market cap, this remains "option money" for anyone with a serious interest in Namibia.....

[emptyend] 23/12/2020 13:16

Thanks YASRUB. I'm not sure how much use my speculations are, but it would be nice to start 2021 with a swift upgrade to PEL0094 resources to kick off the farmout effort.

[yasrub] 23/12/2020 12:23

I have been a holder for sometime. I remain hopeful for next year a suitable farm out can be completed, my preference has always been a clean takeout. GBP is a tiddler potentially dealing with majors or mid sized O&G companies. It is high risk but I think all holders would pretty much agree the current valuation is not demanding when you look around other AIM companies in this sector. Thank you ee for your consistent and knowledgeable views hopefully early next year real tangible progress is made for PIs.