We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Is it a 2 day hearing LTT? Did you get that information from RKH (can’t see it in the public domain)?
This is it, the Annulment hearing will be in full swing now. Sam and the new CFO will be in the courtroom (well if it is a courtroom, could be a private office for all I know) with their lawyers and ROI lawyers putting their cases.
Although in all honesty I am unsure what actually happens in such a hearing. I would presume all the information has already been supplied and thus they are just getting statements and doing summing ups. Not calling up a last minute star witness who has come forward with new, damning insight!!!!!! Mind you, I wouldn't put is past ROI to try it on, that's if they can be bothered to turn up to the hearing in the first place.
Either way, the die will be cast tomorrow end of play, then we will just have to wait around 3-9months for the decision.
In a perfect would, FIG sign off on the selling of the OM award next month and then amazingly news of the annulment going in our favour comes pretty quickly after that, thus us being 80m euros richer. Hopefully afterwards, Navitas then announce FID, maybe in Sept/Oct and we have our share in the bank and no fund raise necessary! Talk about the ducks lining up ;-)
Regards
LTT
Pavel its just bed and isa trades
It just looks as there are a lot of people that are eager to get some shares ...
Pavel, there is not enough buying volume to increase the price, its as simple as that !
It is the New North Sea
What a waste of time this bb is becoming , either Google copy paste or,
Children's play ground !! NEVER MIND
It's not full of oil, it's full of stars..... 😀
Hi Guys, what´s your opinion about the increasing volume with the share price not really going up?
Oilbrat too said no oil field if found in isolation, just look at the NS. Oilbrat said there would be billions of barrels there, we just need the first one up and running! How right he was with Navitas working the numbers on Sea Lion it will be getting close to 1 Billion recoverable once all the satellite exploration is included. That’s without looking at Isobel.
I think Navitas will most likely drill a few explorations while they are drilling the development wells, it would be rude not to!
LTT
Wouldn't have thought 10.26p would cover the cost of a trade with HL. Would expect to see multiple similar trades of 1 share if what you say is true.
This is usually brokers such as Hargreaves Lansdown, selling a share to cover the cost of a trade, following a Bed and ISA or Bed and SIPP transaction. And it is to be expected at this time of the fiscal year.
Nothing else!
We need to see an exploration well in what he coined “the marlon sump”. If that’s full of oil then Isobel is bigger than Sea Lion.
Ralph2010
I dont recall the number, but I agree that he did suggest that Isobel may indeed turn out to be the real price.
Man, I would love for Marlon to return, and Rpoodle too for that matter…
Anyone remember Marlonmonkeys analysis on Isobel? I think Isobel could have been 2billion OIP and possibly more ?
"SL will get the green light" I think they already have Isobel in their sights too.
I don't know about selling 1 share for 10.26pence, but I could sell over 200,000 shares for over 13p earlier.
The hardest part of owning Rock shares is waiting for news. Navitas are a very tight lipped bunch until they have something worthwhile to say. However I have almost zero doubt SL will get the green light, as Navita's business is to wait until others have done the hard risky expensive work, in Rocks case over a £billion, and then come in to finesse the project to sub $25/bbl life of field costs.
They've spent many $millions on this finesse and have identified available FPSO's, increased 2C resources from 269 to 312 MMbbls are asking for contractors to provide EOI for accommodation and storage facilities etc. I feel confident the future is very profitable for Rocks shareholders, however after 14 years waiting, knowing it's so close to actually happening, is quite a challenge to keep the calm patient persona!
This is a copy of the ChessMaster post of 9th April .
What'/s that about ThomasFooler?
Corresponded with Sam regarding a US listing and he said they hadn't given it a thought for some time but that if & when the market believes Sea Lion is happening ,then, they would at some future point give it consideration. Which seems a sensible approach to me.
Sam did said Rkh had some sizeable US investors years back but they drifted away along with the declining sp.
IFair play to him, he always gets back to you and addresses any (relevant & realistic)queries holders may have.
I think as US listing ( not OTC ) will be reviewed once revenues start coming in.
Shell are now also looking to bail from the UK market now, it seems everyone is trying to flee it because its totally washed up & so few use it anymore.Its dead !
Higher valuations can be had in the US & that's where a fair number of British companies already are and want to be listed.
You can buy & sell commission free shares at a number of brokers nowadays( Trading 212/Plus 500 ect) so, it's possible to buy 1 or whatever shares without any commission costs.
There are a number of ridiculous buys today , someone bought 7/22/30 40/44 and then there were buys of 100/200 shares then more trades at 72/80/35 and a the big one for 372 shares.
My guess is college/uni kids having a flutter and its all pretty meaningless but the bid has ticked up so there are slighty more buys than sells although the volume is pretty low.
It's possibly not that sinister, if you were to use something like freetrade (I think minimum is £2 though), you can either buy or sell and you get what you get. It might say 13.9 as it does now, but you pay what you pay. With a share like this, you're not necessarily going to get anything close to 13.9 if you sell or buy. So maybe its someone doing a quick test.
With the bigger FTSE shares it doesn't matter so much but when they're small cap stuff its a bit different
You could trade 1 share at 10.26 with the intenion of hoping that would be the quoted price to cause panic perhaps?
It sounds a bit like getting adult content via mobile phone. You pay £1 on a credit card to prove you are an adult. On here you buy one share to prove you are an idiot.
Market Maker public "codes" in a world of encrypted data connectivity is just virgin on the ridicule horse.
So 14p threshold…we meet again..!
ChatGPT:
A single trade of one share at a significantly low price could have several explanations, but it's unlikely to be a secret code. Here are some possibilities:
Test Trade: Sometimes traders or brokers might execute small trades as test transactions to ensure their systems are working correctly. These trades are usually of minimal value.
Error: It could be an error or a fat finger trade, where someone accidentally places an order for just one share.
Market Manipulation: In some cases, traders might engage in market manipulation tactics by executing small trades to manipulate the stock's price or volume. However, this would typically involve multiple small trades rather than just one.
Transfer or Settlement: It could be part of a larger transaction where only one share was needed to fulfill a transfer requirement or settle an obligation.
Signal: While unlikely, some traders might use unusual trade sizes or patterns as signals to other market participants. However, this is not a common practice, especially with just one share.