Lfeaccetfusd Discussion Threads

[sportbilly1976] 08/11/2012 10:31

nice movement again today and decent volume too...

I wonder what has kicked this off again after the steady drop over the past 5 months..?

(other than it being way undervalued of course!)

[34simon] 08/11/2012 10:30

ducatiman

4p spread online 86-90p

[ducatiman] 08/11/2012 10:20

nice buying with the tight spread but back to 10p spread again. Seems they don`t really want buyers, lol.

[fireplace22] 06/11/2012 17:46

Cheers UH, was aware of the history with Tidemark - was holding shares at the time of the original bid and relieved they prevented delisting at that time. The offer was 50p I think. Thought things may have changed with ATOK now holding.

[unionhall] 06/11/2012 17:41

It may be part of the reason - but some years back PXP or it's predecessor made an open offer for the shares and at the time a company called Tidemark held the blocking vote and prevented a compulsory takeover.

Subsequently ATOK bought the block from Tidemark.

There have been some (minor) aggro in the press between PXP and ATOK so the principals do not seem to be best of buddies.


However no doubt they are both pragmatists so in the end money will talk.

[fireplace22] 06/11/2012 17:27

Ok. Thought that a London listing may be considered prestigious out there and that's maybe why we've endured.

[unionhall] 06/11/2012 17:10

True - but there has been no indication over the years that they wish to work together....

[fireplace22] 06/11/2012 16:46

It wouldn't be blocking if they agreed with PXP to do so.

[unionhall] 06/11/2012 16:31

Because there is a blocking vote - ATOK

[fireplace22] 06/11/2012 15:44

Why do the powers that be here still maintain a listing on LSE(AIM)does it add credibility being a UK listed company in the far east?
ATOK and PXP (almost 75% between them) could easily agree to delist and we'd either have to sell out ( hopefully to an offer at a decent premium) or become part of a private company and the lack of liquidity that goes with that.

[sportbilly1976] 06/11/2012 15:24

retest of the resistance coming?

[minger] 06/11/2012 08:58

Interesting article but still too many ifs and buts for the share price to properly move to next level.

[unionhall] 05/11/2012 14:18

Forum wants to start Recto Bank drilling
By Amy R. Remo
Philippine Daily Inquirer
4:24 am | Monday, November 5th, 2012

MANILA, Philippines-Forum Energy Plc is hoping to finally start by March next year its planned $75-million oil and gas drilling program at the controversial yet highly prospective Recto Bank.
Forum's drilling program has been adversely affected by the territorial dispute involving China and Taiwan.
Philex Petroleum Corp. chair Manuel V. Pangilinan said Forum wanted to start drilling one of the two appraisal wells by March or April 2013, as scheduled under its commitment program with the government for Service Contract 72.
Philex owns 64.45 percent of the issued capital of Forum Energy.
Forum Energy holds a 70-percent interest in the SC 72 license, while the remaining 30 percent is held by Monte Oro Resources Energy.
Pangilinan, however admitted that the program might be delayed anew, not because of any incidents concerning territorial disputes, but due to a delay in the issuance of the permits for the holding of a geotechnical survey in the area.
"We were scheduled to have a geotechnical drilling vessel to do seven to 10 days of [survey] work in late October. This is to determine the stability of the soil," Pangilinan said.
"We advised the Department of Energy, in a letter on July 4, that we intend to have this geotechnical ship out there because it required a 90-day notice. We've written them again on Oct. 8 and told them that we did not receive a notice to proceed. Obviously, we cannot proceed without their permission," he added.
According to Pangilinan, the group has yet to assess whether they would need to seek an extension from the DOE to meet all their commitments under the first exploration subphase, which is supposed to end by August next year.

[sideshowbull] 02/11/2012 17:47

Just need to get above the previous support which is now resistance, could be a bull formation brewing here too..

BWTFDIK

[supercity] 02/11/2012 17:18

seen charts like this so many times...all of a sudden whoosh and back near to the high...time will tell.

[spaceparallax] 02/11/2012 15:47

Go away Earnest - your sort are a plague on shares, parasitic and unpleasant.

[unionhall] 02/11/2012 11:56

China seeks harmony, not hegemony - envoy
POSTSCRIPT By Federico D. Pascual Jr. (The Philippine Star) Updated November 01, 2012 12:00 AM Comments (7)

BE POSITIVE: Chinese Ambassador Ma Keqing stressed in a conversation at the Edsa Shangri-La hotel last Tuesday that at this stage of Philippines-China relations, it is mutually beneficial to focus on areas of agreement than on disagreement.

She explained that pending bilateral issues, some threatening to disturb improving relations, are already being addressed at the proper level. The recent visit of Vice Foreign Minister Fu Ying, she added, has contributed to easing tension and facilitating constructive dialogue.

The ambassador was responding to my query if it was true that there was an agreement last summer for both countries to pull out their vessels from the Panatag (Scarborough) shoal off Zambales as part of a de-escalation in the conflict zone.

Her response was more elaborate than that, but, sorry folks, I had agreed that the rest of it was off the record.

* * *

WE'RE ALL ASIANS: Actually her appearance before the Tuesday Club was, as explained by TC chair Tony Katigbak, more social than official and shorn of protocol.

Ma, a petite lady of 57 years, did not deliver a speech, but said in brief remarks that there are so many things she has to learn about the Philippines. This is her first ambassadorial assignment in Asia.

She was previously posted in Finland where she started as Third Secretary in 1977 and went up the rungs till she became ambassador in 2006. She logged a total of 17 intermittent years in Helsinki, long enough to learn the Finnish language and to get accustomed to Finnish-made cellphones.

Still she experienced no culture shock with her posting in Manila. "We're all Asians," she said, "There's a big Filipino-Chinese community here."

[earnestwipplethwaiteiii] 02/11/2012 11:50

On the move again today. I wish I could feel more sanguine about FEP - I'd really like to have a small long term holding. But I see no sign of the Chinese stance softening - quite the contrary in their spat with Japan, they seem to want to provoke a reaction. Of course it could be just for the benefit of the prolls, given the upcoming change of leadership. Let's see if there's a shift in policy over the next few months.

[unionhall] 29/10/2012 11:22

Best chance of a ten bagger in the next 12 months.......


Just a very small chance but a little punt is great....

[sideshowbull] 29/10/2012 08:15

Limits good
Offer 2.5k @90p
Bid 10k @87.1p

[tez123] 28/10/2012 21:19

In response, Vietnam passed a law asserting jurisdiction over the Paracel and Spratly islands and accepted exploration bids in some of the same areas allocated by China. The Philippines, meanwhile, recently sought bids for two areas claimed by China. Philippines-based Philex Petroleum has said that it plans to start drilling next year on disputed Reed Bank in the northeast section of the Spratly islands.

[unionhall] 28/10/2012 19:06

Excellent - eventually has to be solved by discussion......

[dr knowledge] 28/10/2012 11:49

From the 1st link, I particularly like this comment relating to both sides agreeing borders..............."The Philippines needs to draw up its "red line" (presumably the Recto Bank would fall well behind this line)"......well behind indeed! ;-)