Global Petroleum Share Discussion Threads

[nash81] 21/5/2014 10:40

how much is cash, around 5.5p right?

[aim999] 21/5/2014 10:02

Come on babySitting below cash

[ohisay] 12/5/2014 21:29

But - At 5p buy its almost a free ride on TRP's result so why wait?
I really can't understand folk selling at 4.8p in spite of the almost cynical way the share is being played by the directors..

PS I think mid June for an RNS .

[stockonomist] 07/5/2014 09:29

It got close to 2m vol in the end but as ever no follow through.

MACD looks close to a turn though and results from TRP should be around month end so maybe some speculative interest around that.

Given how slow this is to react I would prefer to wait to see TRP results before taking a plunge on this. You also have the option of trading the Aussie line if news comes out after hours ?

[aim999] 06/5/2014 15:24

Well you got 1.3m already

[stockonomist] 06/5/2014 10:07

Needs a 2m vol day for it to be real volume. Good start though.

[aim999] 06/5/2014 09:50

Watch GBP as the volume is flying .....maybe de risking TRP?Valued at cash and own the two blocks next door to tower.....

[oilretire] 04/5/2014 23:32

I agree re being sick of this lot but 2p on a TRP duster?? Seriously? Never say never but I doubt it - not exactly a huge amount of buying in anticipation of that result so why should there be a huge sell off after the result?

[sims6] 04/5/2014 22:53

i wish people would stop saying mcap = cash. So what. That won't stop this falling to 2p if trp hit a duster

sick to death of this company

[p1nkfish] 04/5/2014 22:48

I have been in GBP for a while and made some good money on it in the past and exited well when it was obviously over valued.

I wonder if they might look to take it private this time?
The bottom could be something ridiculous, especially if the oil price falls.

The strategy needs to lead to some real oil or gas. As is, it just looks like a grab for rights alone.

MWG will come good - just very annoyed with the management. To their credit they are getting some good products out and the sector is a good one to grow into.

[ohisay] 04/5/2014 20:48

Pinkfish - for those of us who've been here a while its quite evidently deliberate.
If Welwit turns out well they're quids in ...and as EV = 0 at the mo that could be substantial .
If its a disaster ie nothing in any of the levels they're drilling through - they actually DO something else.
Left field they could get a farmout into their Namib patch in the next month or so.Doubtful but...remember the CEO bought a lot of shares end March.

But as market cap = cash I reckon you should just be patient.
As I say the Peters are playing the long game here.

PS Have to say I'm more hopeful here than MWG .

[p1nkfish] 03/5/2014 16:48

The one benefit here was the strong cash position. It is being eroded month after monthe whilst others with less cash make progress and are worth whatever cash they subsequently need.

I wonder how they would cope if they had to do something?
Panic?
Look to sell the company?
Sloth is not the word to describe this.

[p1nkfish] 03/5/2014 00:06

'whilst the grass is growing the horse is starving.'

[ohisay] 02/5/2014 22:13

The Peters are playing the long game with GBP.Think a poor mans PMG post Dana.
AEY is waiting on 1st quarter results on 15/5 to confirm the cash.

[p1nkfish] 02/5/2014 20:24

Wonder if they are disgusted with themselves.
Probably not.

[bam bam rubble] 02/5/2014 18:27

Back to cash value; £9.7m market cap with £9.7m cash forecast by quarter end
Antrim Energy has a £6.5m market cap with £9.7m cash forecast by quarter end

Both duds in need of corporate activity but AEY the better value opportunity

[p1nkfish] 02/5/2014 17:17

Need a kick.

[ifthecapfits] 02/5/2014 15:06

www.rns-pdf.londonstockexchange.com/rns/8217F_-2014-4-29.pdf

Just wish they would do something with this lot. Be intresting to see how this reacts to TRP's drill.

[philo124] 30/4/2014 08:51

IMS. Continued on page 94.