Offshore Hydrocarbon Mapping Share Discussion Threads

[bones30] 28/10/2009 17:14

It would not surprise me at all to see this zoom high one day.

Its very interesting that in these dire markets this stayed flat today.

3% was taken off AIM today.

[fertilia] 28/10/2009 17:10

i could have predicted that ha ha...

[gwr7] 28/10/2009 16:57

I did predict it would be unpredicatable.

[fertilia] 28/10/2009 16:39

sorry nothing personal meant guys n gals...just frustration aaaaaaaaaaagh!!.have calmed down now dear (its only a commercial).have been in since just over 8p also and ...sound familiar? topped up at round about 13p.this is the most unpredictable share i have been in,but am holding tight.

[bones30] 27/10/2009 21:35

Glad to hear youre on board diamond. I plan to hold on extremely tight to these. There must be a seller, but I can't see that the parties who took on the placing would have done at that price unjustifiably.

[diamondsp] 27/10/2009 18:31

Yeah I hold OHM - bought back in June at just under 8p, and topped up at 13p after what I saw as an illogical drop after they got the placing away. I still have confidence that we will see 21p+ here but it's hard to keep the faith sometimes!

[bones30] 27/10/2009 17:41

Judging by the amount of ketchup on my screens I'm having a bad day too! Are you a holder here out of interest? And if yes, when did you buy in?

[diamondsp] 27/10/2009 17:19

Sorry maybe a total misinterpretation from me then. Having a bad day at work!

[bones30] 27/10/2009 16:49

That's my feeling diamondsp, and I don't think he was showing "attidude" personally.

[diamondsp] 27/10/2009 14:40

Why the attitude Fertilia? This is nothing new - buys repeatedly show as sells when they are below the mid price. Buy price now is 9.99p (try a dummy buy for yourself) so it seems pretty obvious that the 9.90p trade was also a buy.

[bones30] 27/10/2009 13:22

The LSE feed doesn't say whether a trade is a buy or a sell. That's left to the system displaying the trades to decide which is does purely based on whether it is above or below the mid-price.

Right now I can buy at 9.99... which is below the mid.

[fertilia] 27/10/2009 13:02

you are of course correct.the word sell is actually used and the colour red is showing so i dont know why they bother...

[bones30] 27/10/2009 12:50

Doesn't mean it is a sell.

[fertilia] 27/10/2009 12:46

halifax showing that 10k as a sell...nothing new there then

[bones30] 27/10/2009 12:23

I'm presuming someone's just bought 100k for 9.9p...

£10k isn't the sort of money you put on a punt.

[bones30] 26/10/2009 15:18

TDW want 9.99p to buy these now. (Better than the 9.90p last week).

Feels like we're moving up within the spread, albeit slowly.

[bones30] 26/10/2009 13:11

Its also good to see the thread is fairly quiet. Almost just you and me left here. Bodes well.

Would be nice to see a director buy at this level.

Also:

Interesting to see Rockhopper have raised some money. Hopefully some of it could end up coming this way.

The Company intends to use the ;proceeds of the Placing for the following 
purposes: 
+----+------------------------------------------------+---------------+ 
| ?  | Mobilization / Demobilization of the Ocean     |      ;   GBP10 | 
|    | Guardian and all other drilling related        |      ; million | 
|    | equipment          ;          ;          ;        |               | 
+----+------------------------------------------------+---------------+ 
| ?  | Drilling ;the 100% owned prospect Sea Lion      | ;GBP16 million | 
+----+------------------------------------------------+---------------+ 
| ?  | Drilling ;the 100% owned prospect Ernest     ;   | GBP13 million | 
+----+------------------------------------------------+---------------+ 
| ?  | 15% contribution to Desire's drilling of       | ;         GBP6 | 
|    | prospect Liz / Ann / Ninky   ;          ;        |       million | 
+----+------------------------------------------------+---------------+ 
| ?  | Other drilling related costs, working capital  |  GBP5 million | 
|    | and ;expenses  ;          ;          ;          ;   |               | 
+----+------------------------------------------------+---------------+ 
|    | Total    ;          ;          ;          ;        |         GBP50 | 
|    |                                                | ;      million | 
+----+------------------------------------------------+---------------+ 

[deanroberthunt] 26/10/2009 12:55

well Mr Bones....if its a viable buisness going foward then its worth multiples of the current value....but that said, it could as easily end up in a book on the shelf at ernst and young assoc.

[bones30] 26/10/2009 12:54

I'm holding. You have to have faith in your convictions.

Strikes me this is reasonably tightly held and moves sharply in both directions.

All they have to do is release news of a contract and we'll be off to the moon.

I can only hope those who took part in the placing know more than me.

[deanroberthunt] 26/10/2009 12:52

certainly sehr interessant Mr Bones........

[monkey puzzle] 26/10/2009 12:50

LOL DRH.....just when you think you've sussed it all out they hit with something like that.....AIM never ceases to amaze me

[bones30] 26/10/2009 12:48

This shares a right deanroberthunt!

[deanroberthunt] 26/10/2009 12:44

well I suppose history will eventually provide the answer as to whether the placing at 21.5p was a master stroke, or just another ill advised punt....

still don't understand the logic......as I can't see how a company with no track record, listed on AIM (aka frauds r us), and with heavy losses and running out of cash can manufacture a placing at 150% premium to the share price at the time....beggars belief...

[bones30] 22/10/2009 10:06

Desire Petroleum ( AIM : DES ) , the oil and gas exploration company wholly focused on the North Basin of the Falkland Islands , is pleased to announce that it has conditionally placed 60,000,000 new ordinary shares of 1p each ("Placing Shares") at a n issue price of 70 p per share , thereby raising £ 42 million ( approximately US$ 6 8 million ) before expenses (the "Placing").

Wondering if DES want OHM to do any survey work for them.