Mx Oil Share Discussion Threads

[cyan] 11/5/2016 14:57

Plenty were a bit concerned when Chrisoil turned up ramping this company. The fantasist tends to bring bad luck.

Reading his tweets just makes you wonder what planet he is on.

Chris Oil ‏@chrisoil May 5

#ChrisOil makes another fortune this year ! - Applause hxxps://youtu.be/MkgRtV8roBQ

[socktrade1] 11/5/2016 14:18

$18m deal when oil was $30, its now $45, i think the deal is worth at least $25m= around 2p, i think Stefan is not up for the job, it would be great if we can get a straight cash buyer with $25m and then he should distribute these funds to shareholders, that would be the best thing... but its wishful thinking i know

[zengas] 11/5/2016 12:31

Phone line at the company not being answered. Tells you all you need to know.

[oilbuy] 11/5/2016 12:05

dlg3AIM exists for companies that are not real and could not survive in the real world. AIM is simply a good way to get a great income for working part-time as a company director.Take it from me. If you have a big hit on AIM. Don't reinvest the money here but by all means start again. Theres an 80/90% chance you will loose it as sure as eggs is eggs.

[dlg3] 11/5/2016 11:41

invest in a company with real prospects, take a look at REDT ticker RED, do your own research... Evil invested there on advice from a broker friend..

[andy] 11/5/2016 11:01

NK,

Sorry to hear that.

this really was a game of chess, all moves carefully executed,people fell for it, and now Cornhill have the money, and the punters the vision!

[newkid] 11/5/2016 10:50

That's my 10k down the drain then.

[astorcourt] 11/5/2016 09:50

MX Oil's Chief Executive Officer Stefan Olivier said, "We are delighted with this outcome after two years of hard work in Mexico with our partner Geo Estratos. We undertook significant work in our assessment of these blocks and we are thrilled to have been successful in acquiring all our primary targets in an area that our team understands very well. These blocks, given their proximity to each other, provide logistical synergies and cost savings that further enhance the project economics of any single block.

"Our technical team's specific working knowledge of these areas was key to our modeling and analysis. We believe that the reserves in these blocks are potentially far larger than initially assumed, and we expect to confirm this by commissioning a CPR in the near term. We believe these concessions will be transformational for MX Oil and we look forward to releasing further information regarding these assets in due course. We are now entering a very busy time in our evolution and I am pleased to say that we are on track to deliver on our strategy to become an early mover in the opening energy sector in Mexico. I look forward to updating shareholders with further information as soon as possible at this exciting time."

[primatologist] 11/5/2016 09:48

Should have taken the pennyIts over now.Will go micro penny in 3 months

[bad robot] 11/5/2016 09:41

Warning 0p




Hope this helps

[bad robot] 11/5/2016 09:41

There was no deal, the placement had to be above 1p.

[mhin2] 11/5/2016 09:29

left with nigerian assets...one of the most corrupt countries, and so many non-nigerian oilies being stung by the `locals'...does not inspire confidence

[andy] 11/5/2016 09:24

From the moment they could;t raise money because it was below par value, and then the Nigerian "sale" was agreed, which raised the shareprice above par value and they rushed through a placing, I thought this was iffy.

And so it has come to pass..........

This has been like a game of chess, the only winners were the insiders and Cornhill, mug punters lose again.

Where are the punters' yachts?

[socktrade1] 11/5/2016 09:05

if flow rates are good then surely we could hit 1p again?

[socktrade1] 11/5/2016 08:48

Terrible news but it would be silly to sell when flow rates are imminent, no doubt this will cause a bounce better wait for flow rates imo

[oilbuy] 11/5/2016 08:47

Paper never refuses ink !