Deo Petroleum Share Discussion Threads

[rhubarbe] 23/5/2012 22:41

20mmbbl net to DEO at Perth, plus Spaniards plus the rest of the amalgamted blocks.

Even a takeover at $10/bbl in the ground is a hell of a lot more than 20p. MCap what, about £8m.....

[the marlboro man] 23/5/2012 22:32

Seems to rise on tiny volume as it's so tightly held by directors and ii's.

Will be picking up some on the next euro panic. Not interested in buying stocks atm, but this look silly cheap. Not without the risk of financing, but risk/reward is excellent.

[rhubarbe] 23/5/2012 22:14

It was a bit higher a few days ago when it was sub 20p to buy. That Paul Curtis again..

[the marlboro man] 23/5/2012 22:06

Rhubarbe, I was trying to be sarcastic.

Only checked volume today (226), but maybe it has been up previous sessions.

[rhubarbe] 23/5/2012 21:45

I'll agree it's up, but it's not mega, is it?

Most of these very tightly held and not in public hands..

[the marlboro man] 23/5/2012 21:42

Indeed Red Dog, daily volume would suggest news is imminent.

[red dog] 22/5/2012 08:25

I think so

[red dog] 21/5/2012 11:05

After no RNS for ages, news is finally on the way

[rhubarbe] 18/5/2012 12:36

Read the post on the EOG thread - they don't see themselves as a shale company and are going to concentrate on conventional oil and gas..

Since I bought EOG it has dropped 1.38p and TRAP has dropped by 1/3. Thinking I might follow young Paul back into TRAP...

[loglorry1] 18/5/2012 12:16

Yes EOG a big dissapointment to me too Rhu but there is a small chance of that coming off. The market might get very excited about shale gas and we might find an exit. At least EOG is still producing a bit (not much) to avoid a big equity placing.

Log

[rhubarbe] 18/5/2012 12:04

Tempted to sell EOG and add here but...

[loglorry1] 18/5/2012 11:08

Doubled up my small position here. Funding still a huge issue and I can't see that getting resolved that quickly. However a take over at these prices seems a bit of a no brainer. Equally if Spaniards comes off happy days!

Log

[rhubarbe] 17/5/2012 16:51

Yep, 52% of IIRC 38.5mmbbl recoverable going for £8.51m. And Spaniards and the rest of the amalgamated blocks in for nada.

[talkman2] 17/5/2012 16:48

Is their Perth stake only worth £9 million ?!

What insane markets.

[rhubarbe] 17/5/2012 16:32

You'll be needing to save up for a stamp to send 'em in a 4% form at this rate.

[ghhghh] 17/5/2012 16:24

Just bt 50K at 19.75p.

[rhubarbe] 17/5/2012 15:14

Time for the Germans to make some compromises. After all, the Czechs had to... ;)

Greedy MMs dropping this on even number of buys and sells...

[ghhghh] 17/5/2012 14:24

Yes they keep Spaniards regardless but Perth is a valuable asset, even more so in Spaniards comes off.

I know at least one oil company that wanted to buy Perth and when Deo piped them, wanted to buy Deo so I'm confident that Perth has value if they can sort the environmental issues.

And the Deo team highly respected. Worst case IMO worst case they get taken over.

But this assumes no Euro disaster.

[rhubarbe] 17/5/2012 10:57

But there is nothing to stop them relinquishing Perth and just taking the bunce from Spaniards, is there?

I know prospects like Perth don't come around very often but if things were to get worse they could do themselves a favour by cutting costs to a minimum and picking up some distressed assets apres le deluge with the cash generated by Spaniards..

N'est pas?

[ghhghh] 17/5/2012 09:49

Just bt 50K at 21p. Very little stock about so price not reflective of significant selling. More market makers wanting flat books.

Obviously scary times esp for companies like Deo that are seeking funding at a time when everyone sitting on their hands pending resolution of Greek crisis.

IMO DECC will be relaxed about time deadlines if they can see progress on financing (I suspect an Enquest/Nautical type deal) with the hold up being nervous markets.

This could mean that we go into Q3 with no deal on Perth but then have Spaniards drill - a free potential multi bagger.

I'd really like to see us drill Spaniards with minimum dilution beforehand.

[rhubarbe] 09/5/2012 20:38

Expec the bid a bit higher then in sessions to come.

If I'd sold half my IGAS at 69p I'd have had some dry powder too. Message to self: do not follow somebody on Twitter and then ignore them..

[ghhghh] 09/5/2012 16:02

Tried buying 100K at 21p but no stock. Best offer was 25K at 21.75p.

Looks like all the sellers been cleared out and mm's have flat books.

[rhubarbe] 08/5/2012 16:05

Thanks for that, Paul.