Mx Oil Share Discussion Threads

[toolsmoker] 27/5/2016 09:58

Down she goes

[gazza102] 27/5/2016 09:50

Agreed. Email company stating that.

[glibgibon] 27/5/2016 09:45

Whether they have done the 72 hour flow test or not - they are producing 10k bopd and have been producing since the 3rd. I would expect the FPSO to be full by July and oil bought either then or within 30 days depending on payment options.

750,000 * 5% = 37,500
say average of $20 profit per barrel = $750,000 by mid August at the latest?

We need a RNS confirming the status of the sale. If the offer has been formally withdrawn or rejected, we need more than a throwaway comment in a podcast.

[gazza102] 27/5/2016 08:49

Up she goes. Continually upwards as money rolls in.

[toolsmoker] 27/5/2016 08:35

Down she goes again today .this will drift now

[toolsmoker] 26/5/2016 15:09

3 bar placing coming

[dlg3] 26/5/2016 11:21

I would have hoped we would be over the 1.2p mark by now....but the delays just keep holding us back.....one day!!!!

[dlg3] 26/5/2016 11:18

how long does this take????? from the RNS coming weeks???? and approval in Nigeria????



It is expected that stabilised combined flow rates will be determined in the coming weeks, in conjunction with final mechanical optimisation, commissioning, and the Nigerian regulatory approval process. The flow rates exhibited to date indicate a highly productive reservoir and further updates will be made in due course.

[dlg3] 26/5/2016 11:15

thing that does bother me, is the amount of time it is taking to flow test these wells....they have not stated the 72 hour test yet...anybody any info??

[toolsmoker] 26/5/2016 10:11

Nothing to worry about if your in from under .80 I agree but some are in from a lot higher .let's see what happens next

[mostyn] 26/5/2016 09:54

I suspect a lot of traders that are currently out will be trying to talk the share price down in order to make a good turn when the next rise comes. For investors it's worth noting that GPDC considered the Aje field was worth $18 million when the price of oil was $20 lower than it is today. That's about double the current market cap. For those that want to keep Aje, MXO are currently making around $20 per barrel at the current price of oil. This equates to about £2.5 million in annual margin over cost (if my cost figure of $31 per barrel is correct).

Either way an investor shouldn't have anything to worry about.

[mostyn] 26/5/2016 09:43

That rumour doesn't sound realistic at this stage, when they are actually in production. Even if it was true MXO's share would only be 5%.

[socktrade1] 26/5/2016 09:41

tool, i heard from my cat ( a good source) that Mr bean will be prime minister. Give it a rest

[toolsmoker] 26/5/2016 09:37

Things can change like I said I heard they need some equipment for the well head these things are not cheap

[socktrade1] 26/5/2016 09:30

pay no attention to these idiots, go into sharepickers.com podcast 479, the ceo has made it clear there will be no placings at anywhere this price and they have sufficient cash, they have been selling oil for almost a month now and are in production and will soon have alot of cash flow, phase 2 is expected to be financed by reserve based lending which is months away so no dilution, we are now producing 10,000 bopf of which we have a 5% stake at a $20 profit thats $300,000 per month in cash, this way well increase once the 72 hour production test is finished, this is a great buy and to many impatient idiots here

[dlg3] 26/5/2016 09:21

tool would of thought we would be in full production by now, looks like we may be weeks away........hope no placing....

[shareho1der] 26/5/2016 09:20

I have warned you about this stock. Its all my opinion of course.

[toolsmoker] 26/5/2016 09:17

I agree we are undervalued but nobody cares and if there is a new placing then nobody will care for sure

[njw2] 26/5/2016 09:02

Looks like as predicted 0.80 offered today . Expect further weakness here until news flow which I would expect to be a few weeks away. I think we will probably drift back down to 0.60 ish.

[socktrade1] 26/5/2016 08:58

Tool stop being a tool and believing silly rumours or is it you have sold and trying to get back in? we are flowing around 10,000bopd and should be flowing higher once the 72 hour production test is carried out. this is ridiculously unervalued

[toolsmoker] 25/5/2016 16:59

Sock trade gone quiet wonder why

[toolsmoker] 25/5/2016 16:42

Few rumours of another placing coming think they need some machinery for the well head let's see how true this is .Either way can see this drifting again now

[njw2] 25/5/2016 16:32

Looks like things headed as anticipated . Through 0.80 tomorrow.

[njw2] 25/5/2016 14:30

The key to my success is playing this in the background whilst I trade https://youtu.be/w0N4twV28Mw

[toolsmoker] 25/5/2016 13:45

Looks like njw called spot on .down on the day now. When's the next placing coming ....I'm out