Uk Oil & Gas Share Discussion Threads

[mikeygit] 13/9/2018 16:51

Datait--and please learn to spell--it is easier to read your rubbish then!! Ha Ha

[datait] 13/9/2018 16:39

sb888 were are you now lmao

[datait] 13/9/2018 16:37

25wbh stop talking about your wife like that lol

[bmcb5] 13/9/2018 16:37

Does a flow of 140-160bopd support a market cap of >£100m?

No.

That's why your precious shares are losing value

[amr2017] 13/9/2018 16:34

Cheers Gismo,

All just attempting to read between the lines as to what is actually supressing the share price, I cant imagine a positive RNS like that resulting in the share price finishing 7% down on the day unless there were a lot of shares available to the mms to shift. It seems given the stability today that those shares have not been dumped in to the market today.

[whattheduce] 13/9/2018 16:34

PI confidence in investing in the share has been shattered by the mm making a mockery out of the term 'market'. We need a statement form LSE noting the mm behavior.

[gismo] 13/9/2018 16:32

Button it Datait, you sound like a vintage record player

[gismo] 13/9/2018 16:30

Agree amr, I shall give that a tick up!

[amr2017] 13/9/2018 16:29

Mikey I suspect those warrants may have been presold this week hence the falling share price after the RNS stating the commerciality of HH Portland sec tion.

With regards to a future buyout I agree it would be further down the line, I think we would need to demonstrate the viability of the weald in general through BB and the Angus energy wells in the Kimmeridge.

[bmcb5] 13/9/2018 16:28

@25wbh - a big player is taking an interest. His name is David Lenigas, and he plays you lot for fools

[mikeygit] 13/9/2018 16:27

WTD--bit of a sweeping statement---Never Been Wrong!!!! If you have not always been on target--maybe not the right weapons!!??

[25wbh] 13/9/2018 16:26

Also think the will be a "Big player" taking an interest

[bmcb5] 13/9/2018 16:26

The treatment of markycrispy on here, by the 'good guys' just shows how much of a cult this is. MC has always been long, and at one point he was pretty aggressive toward any bears. But the moment he posts sensible balanced posts about not being over-exposed, the 'good guys' turn on him. A shameless lot

[markycrispy] 13/9/2018 16:25

bcmb5 - thanks for twisting the knife - good effort LOL !

[25wbh] 13/9/2018 16:25

amr ,don't think there will be a placing just yet,,
Hopes are high of more good oil figs, so why have a placing at this price when much later when more results are know it would be no problem

[datait] 13/9/2018 16:24

How many time have we had a placing only to see that the market makers were already marking it down towards placing price.

I feel that is whats happening now.

[mikeygit] 13/9/2018 16:24

Datait--you really are a laugh!! Fund Raising will have their agenda for it!!! NOOOO!!! They would not do it for the Hell of it!!!

[whattheduce] 13/9/2018 16:23

I have never been wrong markycrispy. However, my aim is not always on target and my weapon not always fit for purpose. I have obliterated some targets and barely made an impression on others!

[tewkesbury] 13/9/2018 16:22

Amerisur (AMER):

Excellent Interim Results today from Amerisur (AMER).

Financial

-- Strong revenue growth of 93% to $67.9m (H1 2017: $35.1m).
-- Generated profit after tax of $10.8m (H1 2017: loss of $2.3m).
-- Adjusted EBITDA of $24.3m (H1 2017: $7.6m).
-- Increase in net cash from operating activities to $12.5m (H1 2017: $7.8m).
-- Robust cash position of $49.3m (H1 2017: $29.0m).

Production

-- H1 2018 average production increased 33% to 5,959 BOPD, and average realised price per barrel of $64.2 ($47.2 in H1 2017).
-- Post-period end, completed construction of Chiritza (re-pumping) station, with commissioning expected shortly.

Exploration and Appraisal

-- Strong progress made performing preparatory works and civil works across Platanillo, Put-8 and CPO-5.
-- Post period end, the spudding of Pintadillo-1 occurred
-- Completion of civil works at Indico-1 well in the CPO-5 block.
-- Signed value-accretive low-cost acquisition of 100% working interest in Put-14 post period end.

Outlook

-- Advancing near term exploration activities, with Indico-1 expected to spud in October.
-- Drilling plan, targeting prospective resources 131.53 MMBO net. 8 to 12 exploration wells and 2 to 6 appraisal wells are planned to be drilled between now and Q3 2019.

[datait] 13/9/2018 16:21

Fund raising at 1.8 anyone else care to put a price ?

[mikeygit] 13/9/2018 16:21

amr--I think The Warrants being issued MAY be being interpreted as a sort of placing?? Just a thought. As to expences, these will have to be paid for up front in some cases BEFORE oil extracted. They are obviously very confident that they will have the necessary funds for the costs--speculate to accumulate!! As to a merger/takeover, whilst i agree that could well happen at some stage in the future I do not see that happening until many more wells are sunk and many many more barrels are extracted than we have at present. A major would want to see major amounts of oil at a steady long term rate. Whilst we all hope for that we are not seeing those returns YET!!

[datait] 13/9/2018 16:20

Like all fund raising they will have their agenda for it.

[datait] 13/9/2018 16:20

like it or not this is aim and they need to raise more money to push this on as quick as they would like.