||ORD SHS 0.1P
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Magnolia Pet Share Discussion Threads
Showing 6951 to 6964 of 6975 messages
|Well that is a questions to ask at an agm as in my opiinion it was a lot of money to write off, especially that woger well that fletcher loves so much|
|Interesting find reallyrich. I wonder if any of our so-called regulators know about this. Makes you wonder if the share price was manipulated all the way up to 5p. Do we know who bought all the wells divested by MAGP last year?|
|is this the one Fletcher
|Yep sounds like it|
|A placing is announced (in addition to the placing in August)
Expect another placing in early 2017.|
|You do realise that company making super gusher WOGER which cost them over $2m? in drilling and re drilling costs has been ABANDONED!!!!
Guess how many barrels of oil they sold from it before it was ABANDONED!!?
Its a number less than 1.
Then ask, WHO got paid to buy/lease/drill/manage and then ABANDON?
Go on take a stab at it.
Who made a fortune out of this American garbage YOU ? or someone else ?|
r g fletcher
|Publication of the 12 months accounts FY015 is running behind last year, when they were out at the end of May.
Cashflow from operations was almost +£400k at H12015 but I'll expect that number to be neutral or negative by at the FYE2015. I can't imagine that number to be anything other than negative at H12016 but we'll wait and see.|
|Raising £250k gross before placing costs, not to mention the devaluation impact of Sterling - all to meet current drilling commitments.
The half year accounts should make more interesting reading in September.|
|This is the killer, $3m due in March 2017:
Bank borrowings (including 3,154,784
As at 31 December 2015 the Group had a $6 million revolving credit facility
with, subject to certain conditions being met, a maturity date of 7 March 2017
(originally 7 September 2016).|
|I tend to agree that in the absence of a hike in oil prices to about $100, this is looking dead in the water.As a former holder I'm disappointed to see this, though very glad I bailed out a couple of years ago.|
r g fletcher
|Placing @ 0.1p.
That's for drilling obligations, when's the placing to buy the new leases.
|Still talking about buying oil lease FFS.
MAGP = RIP.|
|Still beating the drum Fletch? I don't think anyone is left to listen. Judging from the share price everyone has already gone for the exit. If you are the last man, then please shut the door as you leave.|