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Thanks Baz. That timeline is just for the exploratory wells, correct? When is the earliest we can expect large scale production, assuming we make it to that point?
Doug, or anyone else who has an understanding of offshore oil drilling, can anyone provide a realistic timeline for how and when things may move forward for PCOGF?
If we assume the strike a deal with a major in the next month or so, they will commence exploratory drilling? What will be a realistic time frame for completing that process? Does anyone know how long it took Shell and Total to drill from the time they gave the go ahead?
If those results are positive, when can we expect full drilling and actual large scale production?
Thanks,
BUX
Thanks Douginil. When you write that the major oil companies are also talking and "they" are very competitive, did he mean that Africa Oil is very competitive or the majors are very competitive. What did you take from his comments? Thanks
How is there "nothing yet to report", yet you wrote you would be putting out a presser this week? It is now Friday, the week is almost over. Is one still coming?
ZZLL is profitable with cash in the bank, management who doesn't dilute the stock and nearly $80 million in internally generated revenue last year. I will be really interested to see what the 1st quarter revs show. Hopefully they can continue to rapidly grow. Eventually someone will notice and want to buy them on the cheap.
$2 a share would be a multiple of 1/2 of sales.
Do you know how to contact management? I sent an email a few months back and never got a response.
How much did they win?
More earnings due next week from ZZLL. These guys are crushing it. Would be nice if they would issue the occasional PR. I think we may need a buyout for this stock to hit a reasonable valuation.
What is up with CVST? Huge move today.
They purchased $3.5 million in shares at $1 each. That shows a lot of faith in the company and will provide the company with a ton of cash.
Around 400 million + shares have traded in Australia in the last week alone. Stock closed the week at .012. Just below a 52 week high. Lots of action there. People taking some large positions.
This board is awfully quiet. I guess we are due another earnings filing in a week or so. Hopefully they will continue to show sales momentum. Would love for them to announce that marketing deal with the NFL player.
The company just did a private placement. Management bought 3.5 million shares at $1 per share. Pretty impressive. They know the company best and just invested at $1.
AURX seems to be holding its gains in an overall terrible market. Someone is bidding 21K to buy at 1.06. Would love to see it start a second leg higher.
Was there news yesterday that I didn't see or is the stock just finally being discovered?
Looks like today is the day it will explode. AURX is up over 1000% today.
Any guesses on how high PCOGF's stock will run on a farmout announcement with a major?
.0099. PCOGF ready to break .01 for the first time in awhile.
Nice to see us at .0095. Hard to believe only a few hundred thousand shares traded considering 200 million traded in Australia. Bring on a farm out deal!
200 million shares traded in Australia today. New high of .013!
The good news is that the report that was posted was from activity in March. It is now May. So they have had over a month to entertain offers and negotiate. One day last week the shares that trade in Australia hit a 52 week high on massive volume of over 160 million shares. Think someone may know something? This week will be interesting.
Hoping for .05 on a big announcement.
With 4 parties interested, you have to think they will make a deal with one of them and then move forward.
Huge news. Was that just released? 4 groups interested in the farm out. If they strike a deal and move forward with Pel 87 this stock is going to explode. It is already starting to move in Australia, we just need some action here.
PCOGF still trading at .01 on pretty heaving volume in Australia. Not sure why we aren't seeing any volume here.
Another big day for PCOGF in Australia. Nearly 70 million shares traded between .009 and .011.
160 million shares traded is huge. Where would you expect these shares to go if/when they do announce a farm-in deal?
Hey Ebenezer, you are usually ono top of PCOGF and Namibia. Do you know of any reason PCOGF would trade 160 million shares today in Australia and rise to a new 52 week high? Any news out there?
Wow, something is up with PCOGF, it hit .011 in Australia today on Massive volume.
That is a new 52 week high on 161 million shares traded.
Big news on the way?
The American shares need to catch up.
BUX
Keep an eye on ZZLL. Fully reporting, Only 20 mill outstanding, 2 million in the float.
Just reported 1600%+ jump in revenues, done organically up to $78 million. Slightly profitable, with .10 a share in cash. Currently trading at .38. Market cap is less than 1/10 of sales. If the stock doesn't rise to reflect a more reasonable approximation of the value of the business, you have to think someone will look to buy them out.
At $2 it would be trading at 1/2 of sales.1.48
ZZLL is an undiscovered gem. They started an energy related business in China in 2020 from nothing. It is now producing $78 million in revenue. 1640% revenue growth last year. They are slightly profitable, have nearly .10 a share in cash, trading at .30 currently. Only 2 million in the float. Fully reporting. They rarely issue press releases, so no one know about them. Market cap is $6 million. Even a 1/2 of sales valuation would put them at around $2 a share. I am hoping that eventually the market discovers it, or someone buys them out.
I can't believe ZZLL is not trading at $1 or more. They have grown a business from nothing to $78 million in revenues in two years. They are profitable, have roughly .10 a share in cash and only 20 million shares outstanding. The float is only 2 million shares. If they ever start issuing press releases on a regular basis, this thing should skyrocket. The market cap is only $6 million. Just to get to 1 times sales it would have to trade at nearly $4.
You have to think eventually someone will buy them out.
Incredible. Not a single post in 3 weeks for CORG. I remember the days when there were more than 3 an hour.
Thanks, that is interesting. Just signed the deal on the 11th. Hopefully it is someone impressive. I would hope they would announce the deal, either in PR or on Twitter. I guess at the very least we will find out when the ads hit.
PCOGF hit .009 in Australia today. It's 52 week high is .01, so it is nearly there.
Not sure why the US shares are lagging. Hopefully it is temporary.
Hey Hoop, I have been reading through the 10-K and didn't see anything about an NFL celeb endorsement. Do you remember where in the report you saw that? What did it say? Thanks
That was odd, someone must have put in a market sell order and gotten completely screwed the day before. Someone got filled at .0005, when the stock typically traded at .005.
I just don’t understand why some public companies refuse to speak to their shareholders. We own the company. It is not too much to ask that once a month they Tweet some sort of update. It is good promo for the product and good shareholder relations.
I own stock in another company, Ticker ZZLL. They too filed earnings on Friday. They too did not issue a press release. They had a more than 1600% rise in revenues, turned a loss into a profit and now have .10 a share in cash. Since they didn’t issue a press release or a Tweet, the stock was basically flat on tiny volume.
These guys should all go private if they aren’t going to do what is right and update the market as to their progress.
Big earnings release out of ZZLL. I wish they would issue a press release to go along with it to inform shareholders of what is going on. 1600%+ revenue increase along with profitability is pretty impressive.
They don't necessarily have to issue a press release, just a post on Twitter would be helpful for both the business and the stock. It doesn't take a team of 50 employees to occasionally post to Twitter and communicate with shareholders.
No trading so far today. Hard to believe no one wants in or out. Does the company not issue press releases to coincide with their earnings?
Earnings are out for ZZLL. Revenues up 1640% to almost $79 million! Went from a loss to a $171,000 operating profit. They have almost .10 a share in cash.