Mx Oil Share Discussion Threads

[qackers] 24/8/2017 10:03

RNS update on Nigeria just out. Nothing on investment in Mayan.

[newkid] 17/8/2017 16:11

That's ok as long as it adds value. So far nothing MXO have done has added anything.

[runwaypaul] 09/8/2017 10:16

very nice.gl

[nash81] 09/8/2017 00:57

time to load up MXO tomorrow.

RNS just out in MAYAN that MXO bought 14% of mayan at great bargain. Mayan clearly desperate for cash and hence MXO sweep in

[runwaypaul] 06/7/2017 12:30

1.5m buy .65

[runwaypaul] 05/7/2017 14:19

added another 250k @.58 super.thankyou.

[runwaypaul] 30/6/2017 19:03

summer doldrums.usual low volume drops....

buy add hold

cheaper the better.

all these prices are worth taking imo.

hoping for a few in high 50s if they come round.unlikely ,but possible.gl

[nash81] 29/6/2017 12:32

from lse. NICE !

reality is, we do need extra cash later this year. nevertheless, like the recent placing, it will be done at premium. it will be either the same at 1.5p or higher. i suspect CPR will be issued prior to placing to pump up the share price and to attract more LTH for premium placing.

remember, we dont have many freefloat, and many sticky hand such as chinese, so even if our share price at that time only 1p, premium more likely will be at premium of 1.5p.

so, i wont worry too much about placing. though i hope our share price is much higher above 2p after CPR news on massive gas, so that placing can be done at 2.5p

[runwaypaul] 29/6/2017 07:44

nice RNS

oils bounced.hopefully get abit of traction.gl

[runwaypaul] 22/6/2017 12:41

sadly cant get any@.65 asking.699 for just 100k

probably because someone took 1m @.65

[runwaypaul] 22/6/2017 12:37

just the usual summer swoon....
take them off the suckers and sell them back to the other suckers down the line.gl

[nash81] 22/6/2017 10:45

its down on a handful of trades. not many in open market as most owned by chinese.

small buying will rise this massively.

[nash81] 22/6/2017 10:31

OUR MCAP IS SUB 9M!

damned cheap !

even echo which has multiple mcap of us. and they are into gas

and MXO has massive gas in nigeria. CPR will confirm that, soon too.

[runwaypaul] 21/6/2017 09:37

not looking to make a trade overnight on these.picking them up in tranches to be sold over the winter.should double my money imo.atb

[runwaypaul] 16/6/2017 10:03

Been buying these @.65-70 gl

[loveandmoney1] 21/4/2017 15:58

pmsl richieboy

timber!

[nash81] 17/4/2017 00:27

TIME TO BUY!!

[richie666] 11/4/2017 20:42

Interest seems to be picking up at the margin here. First smoke signals from experience of a decent move.

[manni786] 02/4/2017 21:37

I hear its boooom time tomorrow ;-)

[qackers] 17/3/2017 10:05

In the absence of any info from MXO the following is helpful

Operational update
NIGERIA
OML 113 Aje field: YFP (Operator), Panoro Energy (12.1913% entitlement to revenue stream,
16.255% paying interest and 6.5% participating interest)

Production from the Aje field continued during the quarter from the Aje-4 well without gas lift and with limited contribution from the Aje-5 well. A lifting of Aje crude was completed on December 31, 2016; Panoro’s net entitlement from this lifting was 36,450 barrels of oil net of Production Royalty Oil.

The performance of the Aje field continued to be limited by the Aje-5 well, which requires subsurface intervention to remedy a mechanical problem. Necessary repairs to the gas lift system were made, and the gas lift system has been operational with minimal disruptions since January 2017. On average, the Aje field produced approximately 355 barrels of oil per day net to Panoro during the quarter. Material reductions in operating costs per barrel were achieved in the quarter despite lower production rates.

Operations to repair the Aje-5 well commenced in February 2017. A rig was contracted to re-enter the well and remedy the downhole problem via a cement squeeze. If that operation proves unsuccessful, the rig will drill a side-track from Aje-5 to a higher point on the Aje structure.

One further well, Aje-6, is planned to be drilled by the rig to the east of Aje-4. Panoro does not currently support the drilling of this well, and this is the subject of our legal dispute with the other partners in the JV. Following the drilling of Aje-6, an additional optional well, Aje-7, may be drilled to the west of Aje-5.

The Aje gas development project, which involves production and sale of gas and liquids from the 163 mmboe Turonian reservoir, is moving through concept definition towards a Field Development Plan. We expect to submit detailed plans for the project for regulatory approval during the first half of 2017.

[manni786] 16/2/2017 12:56

2seabass just to point out the jacka / PR oil stake (now MXO's) is 5%!

[glibgibon] 15/2/2017 22:24

Not bad, but i didn't realise we had to post the requests here. Would have done it sooner had i known.

The Holding RNS' that are coming out soon should be interesting.