Nice to see it moving up If this is what they can do with hands tied behind their backs!Imagine if they get their freedom....A couple of bounces and this could be back, I remember the 80p days. Long..long.. time ago.
Sunday at Noon Damascus Time We might have a good rally next week.[link] due diligence
Syrian Ceasefire deal Its a shame that some can't hold for any length of time.Looks like a Syrian Peace deal is in the offing after 2 hours of Trump / Putin talks at the G20[link] would I be more inclined to sell or buy? Own due diligence
Re: Give it 3-4 days Lets hope so..I got a bit of money invested on this one, averaging 10p, so 18p would do me.But only as top-slice, as I believe this is worth allot more, dont wish to put any more money in, but if able to take initial investment and get in lower to build on my holding..Got high hopes for this one, if sanctions are lifted then sky would be the limit and if indeed there is a T/O offer, they would have to make a far better offer then current rumours.
BOM... can't rule either out Let's see 18p would be nice...But I believe this could be worth allot more..
Re: Anybody Thinking - Approach or T/O Given the unscheduled movement I personally think we might see an opportunistic approach.18p would be nice GENG but the reality is that that would be a real low ball offer.On the other hand with a peaceful solution and sanctions lifted GPX would be many multiples higher.Own due diligence
Give it 3-4 days And we should get to around 18p.Only intuition - but worth a punt!Geng
Reuters One good reason for starters.Not much stock out there if you want it[link] due diligence
Anybody Thinking - Approach or T/O Its was exceedingly dirt cheapBlock 26 a lucrative jewel.Own due diligence
Nice That's all I'm sayingOwn due diligence
Why the rise Excuse my ignorance, bit why did this rise on the RNS today, or was it something else.Cheers
The EU Sanctions side of things Read for yourself.[link] read todays RNS againThen you'll probably see what I said previously.Own due diligence
Actually not that bad a read Was what I thought of the Annual Results, all things considered.There is continual mention of the jewel in the crown of Block 26 and the production now up to around 15,000 - 20,000 bopd in the first quarter and the stressing of Block 26 being a world class reservoir and now with little if any disruption.I suppose the fly in the ointment is that with Gulfsands itself being an EU business then they have to adhere to EU sanctions as that is what the sanction literature sees to state.Get producing and indeed selling oil into the markets then this is a completely different company. Three comments - 1. With Brexit I suspect Gulfsands will no longer be an EU listed company and therefore not subject to the sanctions anymore. 2. Being a shrewd person, could the new Chief not also be considering the business headquartered elsewhere - say the Cayman Islands or the Bahamas (and again being outwith the EU for export sanctions)3. I'm surprised that Big Oil (Non-EU) haven't realised this is going for a song and adopt a takeover (Sinopec / Rosneft, CNOOC etc etc).Well the General Election is on the 8th June then according to many the Brexit talks start some 11 days later.Quite happy to state that I have this as a penny share investment with an appropriate allocation of funds presently and that I can add to when I perceive a change in the geopolitics or volume / momentum starts to pick up.Own due diligence
Columbia - Llanos 50 An 18 month extension but the bit that caught the eye was this."Gulfsands said its proposal to increase the minimum work programme for phase 1, by adding 52 km of additional 2D seismic.."We should be applauding the company for trying to get on with developing the other licences and diversified risk outside Syria. Albeit sound progress on the peace front in Syria will be the biggest share price mover here.That or some out the box thinking by the CEOOwn due diligence.
Re: the next steps ahead "Gulfsands says that it has drawn down the 3rd tranche of its financing ahead of the due date with approval of the lenders. The final two tranches should last the company until 1H 2018 after which an equity raise is planned. Am keeping a close eye here as new boss John Bell is smart and there may be a phoenix moment ."[link] due diligence