Circle Oil Share Discussion Threads

[jlyttle] 19/1/2017 13:47

Will current COP shareholders get equity from the proposed SDX deal?

[jotoha2] 11/1/2017 22:15

It's a total scam , and those on this board who continued to spin positive vibes about the new management need to say sorry to anyone who has lost money here.

[innsite] 11/1/2017 21:02

Looks like they are going to sell the lot to
SDX energy for a knock down price.

hxxp://ican.tddirectinvesting.co.uk/alliance-news/sdx-energy-mulls-buying-north-african-assets-from-circle-oil-11-01-2017/

Nearly a year of deliberation to sell it to a
partner .. some thought went into that strategic review.

[jlyttle] 05/1/2017 10:00

Just received this "Important Information & Other Key Dates:

Following the Suspension of the Company's Ordinary shares in June 2016, the Company has now cancelled the admission to trading of its Ordinary shares on AIM.

The Cancellation became effective on 30th December 2016 and you should be aware that following the Cancellation of Listing, you are no longer able to sell or otherwise trade your Circle Oil shares on AIM."

What now - is that the money pished away??? no chance of any recovery?

[n13518] 30/12/2016 11:01

Thanks for above information. We have to wait to see what future brings for COP. £32k down the drain for me. You win some and lose others. I was in good profit once.

[steelwatch] 29/12/2016 22:17

...further complicated by being an Irish registered company no doubt!

[steelwatch] 29/12/2016 22:11

First experience for me assuming no last minute rescue:

[jotoha2] 29/12/2016 21:55

Let the Inland revenue know , you can set of the loss against profits made elsewhere , and then stay well clear of dodgy companies and very dodgy posters who have made out that this was a great company managed by honest Directors .

[n13518] 29/12/2016 20:32

What happens to shares now? Not that they were worth much.

[innsite] 28/12/2016 18:28

It seems that 'M&S' are waiting for AIM to
chuck them out rather than face the shareholders.
They are evasive with answers and have done
nothing to improve the prospects of the
company. They need to step down and let somebody
step up to the plate this company could have a
future but it seems not with this BOD's.

[gerry hatrick] 28/12/2016 18:24

Steel I agree in part but Mitch has not been totally honest with us. I recall his 'Jewel in the crown' Mahdia. No value according to the last report. That aside I have felt we were dead in the water but the recent fairy tale news gave me a little hope, but that has been dashed and have kissed my large investment goodbye ! Only saving grace for me is that my investment was in the main previous gains on other stocks.
I think it's time to say goodbye. Conte partiro!

[steelwatch] 28/12/2016 17:45

jotoha - delisting looks inevitable, but all the blame must lie with the shower the current BoD replaced. Mitch and Susan inherited a hopeless shambles with difficult market conditions making things worse.

[jotoha2] 28/12/2016 17:40

So they have now been suspended for 6 months , exit into oblivion surely now the only outcome , what a bunch of wasters , and they call themselves Directors , do feel for the pi here, taken for a ride time and time again.

[innsite] 28/12/2016 14:12

Maybe somebody has a clear and concise answer from
Circle Oil regarding "this" $12-$15m payment which
would over the normal monthly receipts, I haven't do you
Steelwatch ? Maybe its in process one can only Hope.

[steelwatch] 28/12/2016 13:39

Gerry - EOG simply re-reported the story which apparently first appeared in an Egyptian language publication. No truth in it, but doubters may email the company if they wish.

[innsite] 28/12/2016 13:16

No smoke without fire does not fit in with Circle oil
narrative of no payments. Combined with a rising Oil
price the BOD's are on a sticky wicket. Considering this
company has little to lose apparently, is reluctant to share
anything with the shareholders other than its last interim
report with the write down of "all" assets including debt owed.
This company revenue paid or not should be approaching
($50 bbl at 4000bbl / month) at least $3-4m with costs
taken off. Something is amiss here.

[gerry hatrick] 28/12/2016 12:26

It's a little strange that this story is being shown as untrue coming on a respected web portal - assuming that the Egypt Gas & Oil Web Portal is deemed respected ?
Are we not to believe any of their news stories ?

[steelwatch] 28/12/2016 10:15

Said payment is a fairy story so I am reliably informed. As you were :(

[steelwatch] 27/12/2016 18:21

Circle's trade and other receivables figure at 30 June was $12,548m, so I think the $12-15m must include payments to SDX, TransGlobe and maybe other small fry. Not very well worded in the EOG news letter, but sourced from an egyption language publication, so maybe a confused translation.

[n13518] 27/12/2016 17:33

If EGPC has paid 30%($12m to $15m)of debt owed to COP then around $28m to $35m will be paid sooner or later. I assume it is safe? I am confident loan will be covered.

[jotoha2] 27/12/2016 16:25

Rns tomorrow should confirm if your BOD are crooks or straight and true.

[gerry hatrick] 22/12/2016 11:13

Info coming out of COP has been bad at best of times and if they get de-listed from AIM on 28 December (6 months on from suspension)then it will be a dark out company.
If COP had received a large wodge of money shouldn't they have issued an RNS on that and advising on the debt default position ?

[n13518] 21/12/2016 18:32

Do anyone know how much EGPC owes to COP?