Madagascar Oil Share Discussion Threads

[comedy] 02/2/2016 10:10

guys ive looked at this and taken stock when just squiresquire posting months back...missed the drop a while back...but just put a fok to get some b4 it kicks off...lol just got wee fok and they push up sp:)

[john henry] 02/2/2016 10:09

Well ive put in a further order

[squiresquire] 02/2/2016 10:08

Gimme

I agree that it will go to between 10p-15p on this awaited news, but when financing is agreed shortly after it going to be bigger money by far. See you guys later.

[trulyscrumptious] 02/2/2016 10:04

At least it gives some excitement as PANR awaits a spinner/unblockage etc.
Not many trades though or are they being hidden?

[gimmetheloot] 02/2/2016 10:02

Cannot buy any @ 4.25 what so ever . Try 4.5 again.

[gimmetheloot] 02/2/2016 10:01

Squire this is what Keya posted. He was on to PANR before most and reckons this is 10x better. News is out that in Madagascar. Just waiting for the RNS and this will be triple what it is here now.

[john henry] 02/2/2016 10:00

About to tick up cant be SFA

[squiresquire] 02/2/2016 09:59

MOIL is allergic to being stuck between 4 and 8 p you just watch it move when the news comes in, i have been watching this for years like PANR, but i genuinely think this is the better share price potential, not least because it has this ridiculous Market Cap.

[trulyscrumptious] 02/2/2016 09:59

jh. Yes. I am a holder by the way, I bought 100,000 at about 3.5p last month so I seem to have got them near the bottom.

[gimmetheloot] 02/2/2016 09:56

And we are off ;-))))

[gimmetheloot] 02/2/2016 09:55

You cannot buy £200 pounds worth at the moment without it going to NT.

[john henry] 02/2/2016 09:54

Truly under 20M at present

[trulyscrumptious] 02/2/2016 09:54

Mind you, Zak Mir got it hopelessly wrong, (3:21)
hxxp://www.shareprophets.com/views/13786/zak-mir-s-bulletin-board-heroes-avacta-group-fitbug-goldplat-magnolia-petroleum-madagascar-oil-victoria-oil-gas

[squiresquire] 02/2/2016 09:54

Currently we are capitalized at just 20 something million, stuff of dreams when this kicks off.

[trulyscrumptious] 02/2/2016 09:51

...He (EK) admits that there are risks, notably the huge capex that will need to be funded to develop the resource. However he sees the appointment of Jefferies as a Strategic Advisor yesterday as a leap forward on that front.

The NPV of Madagascar's Tsimiroro oil project is said to be $2.6 billion - whereas Madagascar is capitalised, at 8p, at just £40 million.
- See more at: hxxp://www.shareprophets.com/views/13058/madagascar-oil-could-be-a-multibagger-evil-knievil#sthash.nSZBtcbe.dpuf

[squiresquire] 02/2/2016 09:50

jh

Exactly. In fact we may be the largest PIs LOL.

Funding news and we are 50p to £1 in my opinion.

[squiresquire] 02/2/2016 09:49

I think they now have some 130,000 in storage, could be wrong on that, but they stopped it flowing whilst they went through this Environmental Permit stage that is now over. There is no other producer onshore, but MOILS largest asset is arguably offshore. They have huge concessions because when the country was in turmoil they were beavering away getting agreements that future governments have all upheld including this one. Their relationship with this government is really excellent.

[john henry] 02/2/2016 09:46

We have 4 major shareholders that hold 90% of the company.

Probably 4-5% held via directors and no declared holding under 3%
Free float is tiny

[squiresquire] 02/2/2016 09:46

JH

totally agree about capex opex but this news coming is the catalyst for MOIL. It will take another 6 weeks or so to get the funding, and they do have international heavyweights interested, but then they can start to extract. Their forward plans are huge in terms of quantities. Far bigger than PANR

[gimmetheloot] 02/2/2016 09:44

Squire, great stuff. Not a single barrel is being produced locally and MOiL is going to change all that. I think they have about 350000 boe in storage. Can you confirm this Squire?

[squiresquire] 02/2/2016 09:43

The new developments by Symbion will save the government hundreds of millions of dollars and allow them to utilize those savings for other budgetary requirements.

The largest plant (116MW) will be located at Tsimiroro on the western coast of Madagascar where Symbion plans to use heavy fuel oil that is extracted locally. From Tsimiroro there will be a new transmission line to Antananarivo. This transmission system will also open up access to electricity for millions of new consumers. We are the heavy oil they plan to use.

[john henry] 02/2/2016 09:42

Squire op ex and cap ex costs are far far higher than PANR

[squiresquire] 02/2/2016 09:40

TS

Believe it or not the figures are quite astounding, far larger than PANR. I shall dig you out some from my saved articles research etc, but believe me the figures are huge. The oil is heavy so its costly to get but its the tie in with the national economy of Madagascar that makes this so attractive, plus the tie into Symbion. This is utterly vast, yet we have no shareholders virtually as the just story isnt out there. Yet. I think the next few days will change that.

[john henry] 02/2/2016 09:39

Not sure about holding large trades back today Squire MMs are moving on each purchase.

2v2

[gimmetheloot] 02/2/2016 09:34

I'm hoping well over a quid.

NAV is 125-130