ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

MOG Med Oil & Gas

6.375
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Med Oil & Gas LSE:MOG London Ordinary Share GB00B0MZGF99 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.375 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Mediterranean Oil & Gas Share Discussion Threads

Showing 8201 to 8223 of 8450 messages
Chat Pages: 338  337  336  335  334  333  332  331  330  329  328  327  Older
DateSubjectAuthorDiscuss
11/3/2014
15:42
sufi posted this last week on iii


ive managed to get all of next week off from work.

which means I will attend a few days and possibly all the court hearing.

I was just thinking if it was a good idea to livestream the cortcase and put each day on this bb.

the hesring sound ,maybe of difficulty but its an idea and would like fellow moggers to advise accordingly because with it being open to public im sure we could somehow find a mothod that can bring each day live or recorded n placed here for all to listen.

I appreciate we don't have all day to listen but u edit as and when appropriate,

or is this me just being silly?

onceabroker
11/3/2014
15:17
1waving: it refers to a much earlier situation. How anyone could possibly take such notes without getting the official Court transcript (or illegally using a recording device) I have no idea. I don't know how accurate it is...the discussion about the 20% seemed pretty much irrelevant to me. Very curious indeed.
bobobob5
11/3/2014
15:00
bob
It's on iii from a poster called sufi sb who was there for 3-4 hours yesterday.
That wasn't all the post though, there was more that was quite offensive and personal.

Do you think that recollection/information comes close to anything said in court ?

1waving
11/3/2014
14:52
It only matters what the Judge thinks.........
glyn10
11/3/2014
14:33
I repeat: where did you get that purported transcript?
bobobob5
11/3/2014
14:09
"after my lawyers drafted the 10% transfer"

there is my A. mog drafted the contract which is a major in being professional and gaining a possible advantage. minor detail but it speaks vol in my book

odvod
11/3/2014
14:04
From whom did you get that transcript?
bobobob5
11/3/2014
11:34
I hope Bob won't mind if I just post this bit from Morandi's testimony. The romaron post above looks like fantasy by comparison with the rest of what Bob has reported - do read it all folks as Pensioner2 suggests.

bobobob5 11 Mar'14 - 11:12 - 11676 of 11681 0 0

And on to:

LGO: by the end of June nothing has changed. Mr Ritson is exasperated by not receiving the information he is being invoiced for

M: yes

LGO: you thought Mr Ritson was right to be exasperated

M: yes, regarding the DVD

LGO: page 16. You suggest to Higgs and Kelsall "send Comfort Letter"

M: yes

LGO: Dr. Higgs disagrees with you and says you don't need to disclose the Comfort Letter. Mr Jenkins asks for information regarding what's going on with the Maltese authorities, etc. Response form you on 28 June to Mr Ritson. In para. 4 you fall back on your formula "the government seemed comfortable" because Dr Higgs said not to send the Comfort Letter

M: yes. I disagreed with Higgs.

LGO: Chariot had it. Did you feel happy not telling Leni that the MRA had offered a Comfort Letter?

M: I wasn't happy to delay telling this to Lenigas. There was possible leakage of it via the data room

LGO: p.35 "Comfort Letter". You thought you had an obligation to reveal the Comfort Letter to Lenigas

M: yes

LGO: you asked that this be signed as acknowledged

M: yes

drattuts
11/3/2014
11:18
You guys need to read bobobob's detailed notes from court on Jamesiebabies LGO thread. Might save you a bit of money.
pensioner2
11/3/2014
09:57
altom, Try a mog view all bull of course ;-)


09:27 In Court today 10 March romaron

Good morning. Apologies that I couldn't do the report yesterday but I was out celebrating and I had things to do this morning. More of that later.
My intermittent note taking took second place to the theatre in front of me.
A reinvigorated BH was on first. He is similar to Carl Froch. A slow starter but strong in the final rounds. We won on a unanimous decision imo.
The real bombshell though was the announcement by the LGO barrister that they would prepare closing on Tuesday (today) and Wednesday would be for "polishing off" (my words). I then put in my notes DELAY EXPERT TESTIMONY. I'm hoping that Eagles was there and will comment as he has the legal knowledge I lack.
Our brief was strangely acquiescent and I was surprised.
One thing that made me chuckle. The insistence by LGO that John Hurst (Genel: Head of Exploration) was enthusiastic about Malta. Whenever have you met a geologist that wasn't keen as mustard? Its a given and is why they're the most popular speakers at AGM's. Still, I enjoyed confirmation.
Later we had Sergio Morandi who had an interpreter sitting beside him. The LGO side changed the brief to a Ms O'Sullivan. She was slaughtered by SM. At no time was he daunted or shaken. It really was a no contest. A Professor of Applied Seismology who had worked for companies like Shell and ENI would have a depth of understanding and experience which would have beaten Rumpole.
The interpreter was a stroke of genius. SM speaks better English than most of us (and all LGOposters) but was afforded more lenience by the judge and twisted the lawyers points better than they could. He certainly understands the meaning of "subjectivity".
Of course what really spoilt it was his unfailing charm and calmness under questioning which to a layman often seems downright rude. He was unflappable. I never doubted his performance as I once spent 9 hours in Milan in a smoke-filled room arguing with Italians (I lost). Think Machiavelli as I doubt you know my wife. There was an exclusivity agreement between MOG and Genel which SM explained was outside of the time-frame when it would have affected LGO and there was a distrust of LGO by the Maltese authorities. In the opinion of SM, NR could have asked or found out whatever he wanted just by attending OpComm meetings or visiting a data room. The case imo revolves around NR insisting he had a right to be spoon-fed and have his hand held.
I felt that no evidence had been produced to say that there was collusion between the Directors of MOG to commit a fraud and the body language of the LGO team said it all. The Genel lawyer who was there as an observer, who was obviously tight lipped, did say to me that the charge that LGO had brought was a mountain to climb and very difficult to prove. A suggestion is not good enough; PROOF is necessary and there wasn't any imo. The Liberum guys also seemed to like what they saw and heard.

I've been thinking about today being cancelled and I feel an approach has been made by LGO. It looks like the experts are not needed as the extra expense will probably only increase costs for them. They would have to prove a loss and Quantum (not MOG) and frankly nothing has come out in Court to help them. My best guess is that they will say that they accept that Fraud never took place and MOG will own up to overstaying on a double yellow. Both sides will pay their costs and life will resume. MOG have a lot to catch up on and NR will be having a long chat with DL. I think the case by LGO has been reckless and that NR is a poisonous little straw-clutcher who has cost two sets of innocent shareholder considerable amounts of hard earned money.

Am I right. How do I know? We take a view on what we read and hear. That's why we invest. There is a buy of MOG shares today of 500,000 (2 x 250,000), that was me.

I was out later with a few pals I'd made (Sid inveigled his way in again) and later (quite a lot later actually) I was stumbling towards Chancery Lane when I spotted some familiar faces (beer glasses on so no guarantee) from the Court gathered around an old Bentley with the hood up They had sat on the LGO side so I have assumed they were drowning their sorrows. One looked hazily across to me and waved. I asked if they were OK and he said "piston broke". I answered, "that's why you should think twice before giving money to lawyers."

garymegson
11/3/2014
09:53
Look on Jamesie's LGO thread.
pensioner2
11/3/2014
09:22
is anyone telling us how things went on Monday, yesterday ? I would dearly love to know.
altom
10/3/2014
08:22
mdchand a good point,re share price here.I would expect an initial decent sized fall if they lose followed by a rebound in the share price If it drops low enough I might buy a few.
12bn
10/3/2014
08:12
mug, if LGO do win, I can't see any award being anymore than 10% of the fee MOG has received from Genel, plus legal costs (which may well be more than the 10% fee from MOG).

That said, I do wonder how much of this is already reflected in MOGs share price and regardless of the outcome, whether MOG will start to rally simply as a result of the uncertainty surrounding the outcome being removed.

mdchand
10/3/2014
07:48
That is a pitty. Even though Higgs looks like he may be done by LGO, Genel are going to drill the well. Boom or bust.If LGO do win, MOGs financial position will be decimated and their oil company reputation will be in tatters. Today is back in court with Higgs and Morandi. Lets ser if Morandi can do a better job than Higgs.
mug3
07/3/2014
08:59
was in court for the last three days, and i was really hoping for a win for mog, been in these for a long time now and lost a packet by holding. did not like the answers from our ceo yesterday, looks as if he did have the genel deal done before buying lgo 10% and the emails after made him even more guilty for bragging,the judge was not impressed, i could tell. it feels we are losing the case, i can not afford to be down more, so i sold yesterday and got into trap oil instead. good luck to all moggers, but this looks like a lost case to me.
1nsideout
07/3/2014
07:38
If you don't have to tell your business parter what is going on and keep them in the dark on purpose then your clearly manipulating the situation then get them to sell so you make a huge profit. (Now that could be deemed as a cunning business turn), but the dates are just to close for Genel to decide over night if they want to enter. Its just looking rather bleak for a win. Best could be hoped for is a reduction such as no further costs afterwards for loss of profit. This would all be easier if they just coughed up. LGO may well be pushing for a loss of profit for the future and I think that will be the question mark over this case not the fact of paying the primary deal cost to them.
williams142
06/3/2014
23:45
bob you chose the wrong day to attend! today was far more interesting! i will not make any comments as its a legal case and its up to the judge to decide but i think the problem will lie in the interpretation of omission in a partnership communication compared with if its misrepresentation .
i would have thought that if you are in a partnership with someone you would tell them what is going on , but that may not be the case in law . it might be morally the correct thing to do but it may not be a legal requirement. what was obvious is that one must not make comments in emails as they might come back to bite you in the backside at a later date.
the result might not be as obvious as one thinks.

haroldthegreat
06/3/2014
23:04
has Higgs gone long on leni??
dlg3
06/3/2014
22:58
£1 tomorrow
pillow
06/3/2014
15:27
The MOG share price is being moved about by one main party from the look of the trades -- A single party who may just be trying to create an impression !!

Take a careful look at the sequences, size and timing of the trades and the price change timing.

I suppose there's almost a case where MOG can be viewed as undervalued --- so might be a few looking for the opportunity at the right time, hopeful bottom feeders--- not that I subscribe to that.

I don't ascribe this type of movement to what is happening in court -- or any news at all for that matter.

1waving
06/3/2014
14:55
The point is, that NR was not "informed enough". That is the crux of this case, is it not?
lovableponce
06/3/2014
14:55
A burst of buying at 1.23 and 1.39 - wonder what going on in court?
mdchand
Chat Pages: 338  337  336  335  334  333  332  331  330  329  328  327  Older