Re: licence deal The next news will not be the license award,it will be the coordinates of the acreage in the proposed exploration block.This & the excellent prospect of a lucrative license should help to keep speculators interested. However,All license awards in Ghana have to be ratified before they can be considered legitimate.The next meeting where ratification is possible (and there's no guarantees) is in October.So there will be no licence award before then.Investors should sit back and enjoy the ride on the Clontarf Express until ratification is announced,whence they may leave the train with a very significant capital gain.
licence deal looks like its on its way, imoGLA
Re: Any ideas It's a very complex issue and has been ongoing for a number of years now,private investors only get snippets of info but my extensive research suggests Clon genuinely have an excellent prospects of securing an oil block in Ghana.Clon&Pets court case against GNPC was rather compelling and I believe that's why it is now being settled out of court amicably by both parties.Of course, there's no guarantees,especially in Ghana, but on a risk/reward ratio, long speculators could enjoy a thrilling ride on the most highly geared oil share on the LSE.
Re: Recent rise The recent rise is due to the increasing likelihood of Clon being awarded a lucrative oil exploration block in Ghana,next to Tullow's Massive 'Jubilee Oil Field'. The impact of such an award on a company with a mkt cap of around £2million would be very significant, and that's why Clon is currently the most highly geared oil play on LSE.Expect volatility both ways,as more speculators arrive at the table,but only those who hold when the license award is announced will be rewarded with a multi-bagger !
Any ideas Why this license is not being automatically granted to Tullow?
Recent rise Hi, can anybody explain this weeks rise and is it going to drop like a bomb tomorrow or carry on upwards. Cheers
Re: 5,050,000 DELAYED BUT @ .95p! On the move at last!!
Re: 5,050,000 DELAYED BUT @ .95p! I hope it will be good news as I am now wishing I sold over the last few weeks 🙁
Re: 5,050,000 DELAYED BUT @ .95p! I suspect some news!!!!
5,050,000 DELAYED BUT @ .95p! Directors buying or someone in the know? Should spike in the a.m.
Re: AGM Well put 'Schachmeister' and the AGM to look forward to on Thursday. Bet we dont see below 1p again!
AGM Sir, There are very few shares that can return 400% +, in a week ! Of course, Clon is no blue chip share, and I never expected it to be with an tiny mkt cp of £8/900k & price of 0.17/0.18 when I invested. It was very clear to me exactly what kind of company I was investing in.So, not sure what your point is other than sour grapes about previous losses you have incurred with Clon.Clontarf's AGM on Thursday, maybe update/statement on Ghana ! Even after last weeks substantial rise,Clon is stilL,arguably,the most highly leveraged oil play on the LSE.
Re: ARE WE TALKING £'s RATHER THAN PEN... Ha ha ha ha ha !!! You've got to laugh at these silly people !!!The dogs continue to bark on this share !! PauloFor pities sake put your money else where ! The only people who've made money with. On stop name changes are the Directors who always remain the same despite to numerous name changes !!!Noticable positivity are the newer investors !! Shame they never check out the history.Buy a lottery ticket !! Better odds
ARE WE TALKING £'s RATHER THAN PENCE!! When the adjacent fields to Tullow produce exquiste results!!
Re: Speculation Agree with the proximity of the Tullow field the upside is massive as the markets proving today compared with the carnage in the city.