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This will continue to edge down now until the Board come out with some concrete news on Fortuna!
What ever happens with Fortuna the Board have miss managed this at every step.
Thanks for the info. I was wondering why the sudden drop late yesterday. I just wish we could get Fortuna out of the way one way or the other! When that is out of the way there is a decent company waiting to move forward.
At the half year Ophir had net assets of $1087m. Write off the outstanding $300m for Fortuna and you have assets of $787m or 605 million pounds - twice the current market cap. Crazy!
Bet those +5m shares that changed hands last week for +41p are not too happy atm.
SP Being forced down, ready for massive up-swing imo. Still seeing active BOT mgt atm with lots of 'A' trades
Guy made 34 million for 1 million investment
Happy days
Miracles do happen
Golar said in the Q&A yesterday that if Ophir don't get an extension on Fortuna there will be no Fortuna! Ophir shares shot down straight after it was said!
I don't think so, there was no new news in the Golar results, no one is relying on Fortuna now. That's not to say some punters were not looking for a miracle resuscitation of that project and have now sold having seen no such hint, but I don't think we are suffering for OPHR-specific reasons these past two days.
Oil price beginning t take toll on share price.following oil prices lower
The market didn't like what Golar had to say about Fortuna in their results today!
It shows you that Fortuna isn't priced in and will collapse with any bad news!
All looking good here then
thanks Ginoir
i posted this on 19th Oct...
https://www.offshoreenergytoday.com/ophir-energy-set-to-drill-exploration-well-offshore-indonesia/
Thanks Roth
London-listed Ophir Energy has begun operations on the Paus Biru-1 exploration well in the Sampang PSC offshore Indonesia.
The Sampang PSC is operated by Ophir Energy’s subsidiary Santos Sampang Pty Ltd with a 45% interest. The partners are Singapore Petroleum Sampang Ltd with 40% and Cue Energy’s subsidiary Cue Sampang Pty Ltd with 15%.
Cue Energy, a partner in the project, said on Friday that the work on the Paus Biru-1 well began on Thursday, October 18, with the installation of a 30-inch conductor.
Why is this relevant to ophir
cheers
From Arteesresso on another Board
https://www.google.co.uk/amp/s/www.marketscreener.com/amp/CUE-ENERGY-RESOURCES-LIMI-6864849/news/Cue-Energy-Resources-Paus-Biru-1-Exploration-Well-Primary-Objective-Logging-27544986/
Paus Biru-1 Exploration Well Primary Objective
Logging
• Paus Biru -1 exploration well reached TD at measured depth 710m
• Elevated gas readings were observed through the primary objective Mundu Formation
• Positive indications of reservoir and hydrocarbon on LWD logs
• Wireline Formation Testing Logging program has commenced
Melbourne, Australia 5 November 2018: Cue Energy Resources Limited (ASX:CUE), through its 100% owned subsidiary Cue Sampang Pty Ltd, advises that the Paus Biru-1 exploration well in the Sampang PSC, Indonesia, reached TD of 710mMD at 2230hrs (local time) 3 November 2018. The planned TD was extended during drilling due to formation observations.
Elevated gas readings were encountered through the Primary target Mundu Formation. Following preliminary interpretation of the logging while drilling, a full suite of wireline logs including formation wireline testing, which obtains formation pressures and fluid samples, will be run to further assess the interval. Data obtained will help establish the fluid content, hydrocarbon columns and hydrocarbon saturation of possible reservoir intervals encountered, and to an extent, the permeability and producibility of these zones.
Nice one!
Fidelity up their stake to 6.3%.
I'm no expert , but isn't it included in the daily volume anyway ?
"I don't see any relevance in the uncrossing trade, its only a balancing trade."
To me it signals there is plenty of movement on and off the book, which can be either good or bad imo.
At this point I am leaning towards the good.
I don't see any relevance in the uncrossing trade, its only a balancing trade and has no significance, sometimes shown as a buy or sell.
Another 205,203 (£86k) UT at 16:35
Another £131k UT at 16:35
Biggest trade volume in over two years. A lot of stock changing hands - whether it is good news or bad we know not.. The price ends down but I suspect it is being held within a range. Time will tell
BOTS firmly in control again today .... multiple 'A' trades with same time stamp, sometimes more than +10 trades , but usually around 4 to 6 trades.
Pulled down in closing few hours again, so looking forward in the days to come of more million plus buys being declared.
gla
"BOTS controlling the SP, been like it for ages now. I would hope its to build a position, and see no reason why it shouldn't be...."
There you have them .... 5m reasons at least.
I suspect whoever just hoovered up 2m + 3m shares at 42 will be sitting pretty by the end of today, nevermind in a week, a month, a year...
Why is there is a massive one at 4.35 every day also? Shouldn't there be a new holdings RNS (if it is a switch from one client to another)