Lfeaccetfusd Discussion Threads

[duxy786] 17/9/2012 14:46

Looks like far east is brewing with tension, doesnt look like we going to get pulled up here quick, but I believe we sit on a stonking 16TCF sosooner or later, we will upturn here, in the mean time, "buy buy buy whilst everyone else sells sells sells" - We'll thats my move, anyway!

GL ALL,
Duxy786

[sirshagalot] 17/9/2012 12:18

all this doom and gloom thats when its time to buy stock.

[sportbilly1976] 17/9/2012 12:12

the galling aspect is/was the Directors selling out their options of 34p for £2 a go and then trousering the proceeds.....and not choosing to buy any stock while the share price is less than half what they sold their options for.

no skin on the table = no motivation to seek out a good return for shareholders

[earnestwipplethwaiteiii] 17/9/2012 12:03

sportbilly - you may be right, who knows? But for me the problem here is not the price but the risk in terms of how long you may have to hold to see a return on your investment.

[sportbilly1976] 17/9/2012 11:42

67-70p here we come.....

[earnestwipplethwaiteiii] 15/9/2012 22:40

Interesting article. However, the immediate problem remains the Chinese government's current hard-line stance on its claim to sovereignty over large areas of the South China and East China seas and their islands, shoals etc. The CCP shows no sign of wishing to compromise - on the contrary, the current spat with Japan over the Diaoyu (or Senkaku in Japanese) islands seems to be worsening. Under present circumstances, the idea that MVP can do a deal with CNOOC to jointly develop Sampaguita is in my view fantasy, despite the Read Bank being nominally Filipino territory.
I fear that FEP investors may be in for an extended wait due to these larger geopolitical issues.

[sideshowbull] 12/9/2012 19:03

Nice to see she still moves like a stabbed rat when we see a few buys. £10 way too cheap for the cards they hold. Once the China dispute is concluded I think we will be okay- just hope I am still alive for that.

[duxy786_2] 12/9/2012 18:38

Guess i missed this one today, wish there was 10 quid offer, but my luck ain't that good. Managed to top up a few times her, average well n truly down...here's to hoping....

[garyfone] 12/9/2012 14:41

yes please!!!

[sportbilly1976] 12/9/2012 11:18

i'll be the cheeky one and say its a £10 a share offer... ;)

[ducatiman] 12/9/2012 11:16

l2 3v1, must be something on the way.

[sportbilly1976] 12/9/2012 10:40

well you can get 5k at 90p online currently, and 7.5k at 91.9p

[ducatiman] 12/9/2012 10:26

hands up who has put in a large buy order.

[sportbilly1976] 12/9/2012 09:32

we seem to have a buyer around and the MM's fishing for stock to fill the order

[sportbilly1976] 12/9/2012 08:32

I might be mistaken, but it looks as though the share price just went UP! :)

[sportbilly1976] 07/9/2012 15:36

whoop - a buy to end the week with...roll on Monday :)

[ducatiman] 06/9/2012 06:46

Mullins sold at £2, you would think he would buy some at this level from his ample profits!! having acquired the stock through options at 30p. Disgraceful that directors hold virtually zero stock. Therein is part of the problem, imho. A management team that shows no interest in supporting the share price through on market purchases or positive rns. Why no dual listing?

[ih_152300] 06/9/2012 06:22

Galoc group to invest $188m
By Alena Mae S. Flores | Posted on September 06, 2012 | 12:00am |

The Galoc field consortium is expected to invest $188 million to implement the second phase of the oil field's development in northwest Palawan.

Gregor McNab, chief executive of Otto Energy Ltd. of Australia, a consortium member, said in a conference report the final investment decision for the Galoc phase two development was "imminent."

He said of the total capital expenditure of $188 million, Otto's share would be $62 million, representing its 33-percent share in Service Contract 14 C. Otto Energy holds a 33-percent direct ownership in the Galoc project through Galoc Production Co.

Galoc Production holds 59.8 percent of SC 14-C while Nido Production Ltd. owns 22.88 percent, Oriental Petroleum & Minerals Corp. and Linapacan Oil Gas & Power Corp., 7.785 percent; The Philodrill Corp., 7.214 percent and Forum Energy Philippines, 2.275 percent.

"All key services will be under firm contract with industry recognized companies at final investment decision," McNab said.

The Galoc phase 2 development involves drilling and completing two 2,000 meter horizontal section subsea wells and installation of a second production riser.

Drilling of the two wells was in 2013. Phase two was expected to deliver 8 million additional reserves and increase current production to 12,000 barrels per day from 5,600 barrels per day.

[euclid5] 05/9/2012 14:29

ok thank you unionhall

[unionhall] 04/9/2012 07:46

Not at all.....

Other side of the philippines....

[euclid5] 03/9/2012 19:43

is their license area badly affected from the recent earthquake?