Mx Oil Share Discussion Threads

[chicken charlie] 18/5/2016 21:41

Toolsmoker. Are you by any chance pumping this stock regarding bid news

[toolsmoker] 18/5/2016 21:14

Bid rumours in the city on this I'm hearing What price anyone guess must be north of 2.5p for them to sell

[socktrade1] 18/5/2016 20:46

apfindely, what news will take this 0.25? stop talking rubbish, the only news that would see that kind of drop is if we were on the verge on bankruptcy , we are awaiting flow rates( we know its good otherwise SO would not be so confident) he obviously knows what they are as it hs begun production 2 weeks ago.. so the chances of them being good is 99% 1.5p on news and a spike to 2p bring it on i still elieve news will be on Monday if so we can continue to rise to say 1p-1.20 pre news

[toolsmoker] 18/5/2016 18:30

Listen to podcast .what a boring uninformed response

[apfindley] 18/5/2016 16:22

Possibly might also NOT be news tomorrow.Could equally be news that sees it open at 0.25p.Unless you know differently.

[toolsmoker] 18/5/2016 15:59

30 mins to get in before close .if we get the news we expect could be opening 1.5 p

[toolsmoker] 18/5/2016 15:39

Can't keep this down

[socktrade1] 18/5/2016 15:38

If anyone has reaad that article i posted it seems as though flow rates will be a minimum of 12,000 bopd (600bopd to us) i beleive he's in Nigeria now and will discuss the off take agreement too so i dont think there will be a need for dilution at all even for phase 2 , still cheap as this could well hit over 2p, a chance to double your cash inn days.. not many opps like this

[toolsmoker] 18/5/2016 14:30

News tomorrow looks like possibly

[mostyn] 18/5/2016 13:47

With the price of oil rising, the best news would be good flow rates (at least the 550 bopd expected) and a decision to keep the asset. The original offer at $18 million doesn't look attractive with the price of oil at around $50 per barrel, and even an improved offer would have to be very good before I would be happy to see the income potential of the asset lost. From the recent interviews with the company it would take another $5 million for phase 2 and the production would then be nearly 1000 barrels per day. There is always the possibility that the price of oil will continue to increase making the asset even more attractive. The key factor is that the work here is already done and we know what we have. Given their record in Mexico would anyone want to put say $20 million in the hands of the management only to have them start all over again. I don't think there is sufficient expertise in the company to get the best deals for the shareholders in that scenario.

[socktrade1] 18/5/2016 12:43

So many bloody buys, i can easily sell 3.5m in one go.. at 0.81 this will build upto 1p if not today tomorrow 1p pre news, oncew news is out of 11-12000 bopod then boooom double target here circa 2p plenty of opportunity and i suspect peeps will be loading up from now until friday so as not to be out when news lands next week

[toolsmoker] 18/5/2016 09:11

Maybe today .expect 1p before news

[toolsmoker] 18/5/2016 08:46

Think we could see a busy end to the week here gearing up for news next week I'll expect volumes to pick up tomorrow and Friday

[toolsmoker] 17/5/2016 14:33

Let's see old bronze we will see flow test results in next week .then people can start to value company when it's in black and white

[oldbronze] 17/5/2016 14:11

It will go back down the toilet again despite being in a good postition they seem unable to get things moving in the way it could

[socktrade1] 17/5/2016 12:22

a Friday RNS would be good( although Fridays are known for bad rns's) in this case it might be good , volume is not that high so not sure if news has leaked but there is definitely a big buyer buyingas much as he/she can

[toolsmoker] 17/5/2016 11:57

I have a feeling if we stay this low there could be a cheeky bid. At these flow rates it's a no brainer

[socktrade1] 17/5/2016 11:44

extract from article

"Asked how much has gone into the investment, Folawiyo said the company has committed about $400million dollars to achieve the feat. He said the current status of the oil well has the capacity to produce at least 12,000 barrels per day, with a possibility to increase to 25,000 to 50,000 barrels per day in the nearest future.

Folawiyo also presented Governor Ambode with a sample of the crude oil discovered by his company in the state, a confirmation of Lagos becoming the first basin out of the Niger Delta to become an oil producing state, which according to him, is by no means a small feat"

[toolsmoker] 17/5/2016 11:26

Agreed sock trade. I think the key is when they start being paid which I expect within 2 weeks of pumping

[socktrade1] 17/5/2016 11:10

According to that article it seems as though they are producing a minimum of 12000 bopd in the initial phase.. hope that news is not out until Monday next week, as this will continue to rise through the week, it always seems to rise towards the end.

There is a huge huge demand for shares.. i can sell all of my shares which are in the millions without NT which is rare, clearly there is a big buyer, is it HON our Chinese investor or others, not too late to buy, i have been topping up in small tranches throughout the week, i can easily see circa 2p on news, perhaps not on the day but this looks probable by the end of May, cheap as chips

[mally6] 17/5/2016 07:43

Leaked news this looks good

[toolsmoker] 16/5/2016 17:40

Honny player loading in

[ruedolf] 16/5/2016 16:48

njw2 16 May'16 - 16:03 - 2208

He has bought 40 million shares total? Value today is 280 k gbp. Where did you get 3 million from ?

Conversion rate for the hong kong dollar

3,000,000.00 HKD =

268,207.159881 GBP