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VIDEO EXCLUSIVE: TSX-listed Transglobe Energy Corporation considers London listing


Global Pet. Share Chat (GBP)



Share Price: 2.375Bid: 2.25Ask: 2.50Change: 0.00 (0.00%)No Movement on Global Pet.
Spread: 0.25Spread as %: 11.11%Open: 2.625High: 2.625Low: 2.25Yesterday’s Close: 2.375


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nesty
Posts: 6,492
Off Topic
Opinion:No Opinion
Price:2.375
RE: GBP
Wed 20:47
What people have to get their head around this was results for a certain period. They stated the seismic in that time period. So it was lightly mentioned, IE started; but that's it, all to report during that time zone. It's not uncommon for companies to partition news, which falls in different accountability reports zones.

However, the seismic survey is maybe already done and they just want a fresh RNS attack later on. Results RNS tend to be the most boring so sometimes best just to get them out of the way and then concentrate on a fresh line of RNS attack another subject!
 
hiblue
Posts: 3,054
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.375
GBP
Wed 19:09
Well it's fair to say sentiment took a bit of a battering today. Very frustrating as there was absolutely no reason for the bad feeling that Doc holiday was spouting out this morning on twitter.
I even got him to admit the geology offshore Namibia was attractive which was certainly a softer approach from earlier.

The fact is we have near $8 million in cash and no debt. We are currently trading way below cash levels and reading between the lines it seems pretty odds on this seismic is going to show 1 billion + barrels of oil on our licence.

If it's still under £5 million mcap by then there is something very wrong with this world.
nesty
Posts: 6,492
Off Topic
Opinion:No Opinion
Price:2.375
RE: Buying
Wed 15:30
Yes, just needs some sentiment volume. Many will soon release that results RNS was basic, but paints the picture good cash in the bank and that the seismic survey is still yet to come and could yield some great results. Any mentions of amount of barrells and a re-rate will take place.
Do wonder if the scaremongering this morning, enabled some position taking!
hiblue
Posts: 3,054
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.375
Buying
Wed 15:24
Gone quiet on the buying front, not many left at 2.5p so with a few decent buys this should tick up further.
MadChatter
Posts: 2,133
Off Topic
Opinion:No Opinion
Price:2.375
RE: Corporate combination ?
Wed 15:03
If theyve come up dry doesn't sound like a good buy ;)
hiblue
Posts: 3,054
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.375
Offshore Italy
Wed 14:56
It's a shame that things have progressed so slowly around our application of offshore licences off the coast of Italy.

It sounds like they could be very interesting plays + it's always good to expand exploration horizons.

Hopefully these appeals will get thrown out and the licences will be granted.
rifteastafrica
Posts: 1,073
Off Topic
Opinion:No Opinion
Price:2.375
RE: Corporate combination ?
Wed 14:32
Madchatter the reason TRP (Tower Resources) are in trouble is due to two recent dry wells - one of which was Namibia, one was Block 2B Kenya, of which I know well
MadChatter
Posts: 2,133
Off Topic
Opinion:No Opinion
Price:2.375
RE: Corporate combination ?
Wed 13:12
Why are they in trouble though?
EDLOG
Posts: 462
Off Topic
Opinion:No Opinion
Price:2.375
Corporate combination ?
Wed 12:28
Director Peter Taylor is also a director of TRP which is in trouble currently with good assets
tomshare
Posts: 484
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.375
RE: opportunities opportunities !
Wed 12:11
Yes I liked the...
"However, we will continue to evaluate appropriate opportunities, both asset purchases and potential corporate combination"

I particularly liked the bit about potential corporate combination.

I wouldn't discount a farm in/out post 2D seismic results either in the short term.




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