I'v been saying that for years about 'some' area's of the world....and i get nothing but scorn.
RE: news coming ?
The average daily production of 16,927 bbl/day for August. Why publish a monthly production report? It is not industry practice, three monthly is normal. I suggest it is to make it look like they are being informative. The linear decline in daily production that has been allowed to happen further erodes the economy of scale achieved over the last four years. All the investment in infrastructure and field analysis over the last four years to achieve this critical rate of return is now being put into reverse. Exi has capacity for over 25k a day without any infrastructure spending, so every ruble spent on drilling will bring back a huge return. We have lots of cash, great understanding of the fields, and a great exchange rate for low cost drilling. The company is being blatantly defaced and run down. The silence will continue for the rest of this year thus making EXI a no go company for large investors. It is such a shame, as the company had been very conservative over the years making sure they had lots of infrastructure to get the a good rate of return before big production was developed. They never went for big production numbers with lower net backs, everything was done for the medium long term. Debt was always non existent and the 2P reserves upgrade converted the company into a billion pound company once production was over 25k. A once great company now being stripped to a shell. This is certainly a lesson regarding the importance of geography when investing. Some business cultures are so backward that I guess they require a dictator to keep control.
16 Sep '14
RE: news coming ?
Whilst I've got no evidence for saying this, I doubt that we're seeing the true trade price. I think private trades could be taking place off exchange and being reported with prices designed to keep the market price low. Why else would someone sell £8m worth of shares so cheaply, and probably at a significant loss. We all think the true value is well over twice the market price so what other explanation could there be. Price manipulation rules could be being broken here and the regulator is taking no notice. My only hope is that when the twelve month waiting period is over in January next year that an offer will be made that at least allows me to walk away without a loss.
16 Sep '14
news coming ?
strange to see such a large trade and so little price movement. can someone explain why there is so much negativity here ? if a low ball bid is coming soon ,my guess for what its worth would be 240/250 that is still 50%above the current price . quite happy waiting for that.
13 Sep '14
RE: 5.5M shares bought wow
It is greater than the 3% threshold, if it is the same person, it will need to be declared.
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