Enegi Oil Share Discussion Threads

[taxibabe] 20/10/2015 09:23

interested in where our money went; that is all richgit. And you heavily invested in this?

[taxibabe] 20/10/2015 08:21

Minty no longer CEO but him staying on the board means he will almost certainly be pulling the strings.

[haydock] 19/10/2015 20:28

In the meantime they are playing out tune :

[taxibabe] 16/10/2015 10:09

From rich git "No advice intended"

My advice is to forget ABTOG. as best it would be an agency according to my understanding of it. Forget Irish Shale, too expensive to extract and no money to develop, Newfoundland, we owe £800000 to Black Spruce for the failed partnership at Shale point, and would need at least £10 million to develop GHS, maybe more Where we are is £120.000 in the bank, and big debts. What possibility is there for anything? Shoal Point, struggling to raise $200.000, and no announcement presumably they are waiting for the report on shale drilling in green point shale. I dont think enegi is more then limping towards dissolution myself but happy to be proved wrong.

[richgit] 16/10/2015 08:13

The decline of investment by Oil Cos is not something that can be turned around
overnight,so investment will stay in a trough of a vicious circle of repercussions for too low Oil prices.

That suggests Oil will gradually rise in price until there is an inevitable supply crunch in years to come- and then even higher Oil prices !?


ABTOG offer an affordable solution to Cos desperate for any extra revenue and of course - Asset addition to flimsy balance sheets.


This really is potentially a great scenario for ABTOG.

Prove it in one situation and it will roll and roll for years like the snowball/avalanche scenario.

That`s what the big names involved with ABTOG foresee.

An incredible risk/reward that at some point Investors foresee that with ENEG.

No advice intended.

[bsg] 14/10/2015 17:30

Rinse and repeat!

[billiam] 14/10/2015 08:44

Got to admire your relentless enthusiasm last throw, but for me a 16.35 RNS on a Friday night is not the communication from a company about to put several pieces of a jigsaw together. I do, however, wait to be proved wrong.

[greyfriarbob] 12/10/2015 18:36

Hi Lastthrow lets keep fingers crossed and toes of course lol

[last throw] 12/10/2015 17:01

greyfriarbob

Apologies for not replying sooner but have had a really busy couple of days.

Who could be happy where we are at the moment?

That said, I was waiting to see the reaction today and it has not been the collapse that some predicted albeit that where we are right now represents just such a collapse!!!

I have a feeling that several pieces of the jigsaw might be put in place twixt now and 23rd but let's wait and see eh?

LT

[greyfriarbob] 11/10/2015 18:00

Hi Last throw you threw the tool in?

[greyfriarbob] 09/10/2015 22:47

Hi Last throw like to know what you think of RNS I know the company has to raise money I think we have to look at big picture seems quite positive

[taxibabe] 09/10/2015 17:52

I think Minty and his family need to resign

[paul the octopus] 09/10/2015 17:26

It is obvious to anyone, that's why they actually chooses it.How about changing the director to Mintea, you think that would have a positive effect of the company feature? better that No-O&G

[taxibabe] 09/10/2015 17:08

I dont think the consolidation or the name change will do anyone any good; lets leave that way. The placing will allow for another 6 months or so of this torture. Maybe? Still, think Black spruce has to be paid and dont see how it can be unless we surrender the newfie licenses to them perhaps?

[taxibabe] 09/10/2015 17:02

Sorry Paul I got there before you on the "no oil and gas" pun

[paul the octopus] 09/10/2015 17:00

Would love a cup of tea with a hint of Mint(y)

[paul the octopus] 09/10/2015 16:58

hands up, who been shafted here0.1p placing and 1 to 10 consolidationand a change of name to wash away the history"No-Oil & Gas" a brilliant reflection of what they achieved

[taxibabe] 09/10/2015 16:56

Oh my golly gosh an announcement and a meeting. Lets see now we intend to consolidate the shares so, by way of an example, where you had say 100000 you now have 10000 etc. Net impact = in theory zero - in practice shares always drop afterwords as they become more marketable and so larger holders can sell out. We intend to change the name of the company to NU OIL AND GAS LTD from ENEGI = Well in theory it will stop wags asking on the BB "where has all the enegi gone? " in practice it will lead to new wags saying "no oil and gas Ltd so net impact zero. Raising £180.000 = Net impact we struggle though for another 6 months or so, paying salaries to Minty and his cohorts. No mention of the key issue - changing the board, No mention of the debts owed to Joint Project Operator in Newfoundland Black Spruce of £800.000. Lots of guff talk about ABTOG and their consortium who have invested what? You guessed it = a Net Zero.

[taxibabe] 08/10/2015 17:40

The chart tells its own story Nick only its incomplete this floated in the UK and in Luxembourg at £1.80 and was as high as £2.20 in 2008. Its burned through its money and is waiting in g-ds waiting room now. How it can come back from the dead who knows? But its not from anything its doing now.