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Pretty much flat, maybe some of the barrels are going missing?
think you well no whats happing here, dodgy to say the least.
Anybody like to suggest a reason for one percent of the whole share capital being bought and sold on a daily basis?
24 Apr 2016 Seneal International (Alexei Khotin):29.99% Sinclare Holdings (Alexander Klyachin): 26.69% VTB bank: 13.82% JScB international Financial club: 5.89% Free float 23.61%, below the minimum 25% rule for the FTSE index. Sergey Koshelenko (Non-Executive chairman): Mr Koshelenko held the following positions: the chairman of the Board of the International Financial club Bank and Head of the investment Banking Department of VTB Dmitry Margelov (Chief Executive Officer)Before joining Exillon as Deputy CEO he served as advisor to the chairman of the Board of Directors of JSc rusoil,a rapidly developing oil and gas company based in Moscow. So the two largest shareholders, Khotin and Klyachin, own 53.68% of the company. They are reported to work together on business transactions in other areas such a property. The Chairman, Mr Koshelenko, was head of investment at VTB and Chairman of JScB international Financial club, who happen to own 13.82% and 5.89% of Exi share issue respectively. The CEO, Mr Margelov, is an employee of rusoil - the oil company owned by Alexei Khotin. And the London Stock Exchange believes this meets requirement of a premium listing?
Good luck to all who are invested here. Maybe if it does get de listed you guys will get a good price.
they may as well just buy the rest of the company and de-list. just unnecessary costs for them keep it floated. less regulation for delisted companies. i guess they don't care about low share price because when it does finally get de-listed they have a wonderful and profitable company. which is easily worth more than double the market cap. long term earning power which would probably generate them a lot of profit in the years to come. shame really. I would have liked to have had a piece of the action. There are other quality stocks similar to this one out there that are also retail/pi friendly. just a shame this couldn't be one of them.
I doubt they can come out with a presentation showing transparency when the company is owned by cooperating parties who own about 80% of the stock. Instead they have gone out of their way to highlight the fact that EXI is not investable, every single action and RNS has been overtly contemptible to small shareholders. It could maybe reported to the London Stock Exchange that the free float is below the legal percentage, that it has been reported that that the two main shareholders who own over 50% of the stock are essentially working together to control the company whilst avoiding going over 30% ownership and so forcing an offer and that all the CEOs are hand picked Khotin stooges and the boards merely represent the large shareholders. Again I doubt anything would be done.
37 new wells are due to come online this year (new drills for 2016 + 2015 wells that were not fractured/competed) so we should see a very significant increase in production every month of this year, interesting to latest monthly production figures Bashneft is up for sale in next few months, Khotin is a named bidder along side the likes of Lukoil. Khotin tried to buy Samara-Nafta but it was sold for $2 billion to Lukoil. It was reported that Khotin had made a bid much higher than Lukoil but they turned down this higher bid because Hess did not believe Khotin to have transparent finances or business practices and did not what to caught up in a disputed transaction that might transpire to involve corrupt goings own.
It would be interesting hear the reply to what is a very pertinent question. It has been suggested by some sources that the two main shareholders who own over fifty percent of company are in effect partners who frequently invest together in other areas such as property. The other main shareholders are all Russian. The CEO has been picked by Khotin and so I am guessing the response you will receive will be one in which nothing will be admitted and everything will be denied.
I have asked IR to see what their opinions are. Hopefully they will come back with a response. If not I am dubious about investing. doesn't seem geared up for Pi/retail investors.
can't see what's the holding the share price back. oil nearly $50. the company is highly profitable. Tangible net book value is easily £1.50 a share. Debts levels are low and nice cash balance. the sharholder issue is having a really detrimental impact on share price. all they would have to do is put a slide presentation out and investor evening or stocktube etc I was tempted to buy but something strange about this stock.
Last few weeks has probably seen about ten percent of the whole share issue changing hands, SP hasn't budged.
seems to be a lot of large trdes appearing just lately.
I will buying some more EXI in small amounts. Would hope to buy under current SP which could happen if oil price retraces.
No never had any vgas. A lot of Russian Oil and Gas have great cash reserves/little debt, and good cash flow so unlikely to collapse. Russia still has acreage to explore and so as far as exploration goes a fair chance of a five bagger.
Thanks for sharing,i will reinvest if we drop back a little . I am no expert but took some time to read through the recent RNSs and it all looks good on paper . lets hope this is the year for Russia shares as i see your also involved with UEN. have you ever looked at vgas as i was also invested there last year.
Yep, bought in a few years ago and sold with a 30% profit. Looked again this year, still like the asset, great infrastructure, huge cash reserve and huge reserves. A company that has a market cap of £100 million that could in theory have an annual 2017 net profit of £100 million with £100 million in the bank looks great on paper. So bought in again at 90 ish and 70 ish pence on the hope that FTSE regulations prevent anything seriously corrupt happening, tempted to go in with some big buys but not got the stomach for it.
can i ask are u invested here .
Sounds good plan. I don't see this moving as there isnt any news due until August (6 month statement). Probably drift between 60 to 70 range, if you can make money between that movement, do it. I don't see a big downside from here, so don't see you getting caught out.
but value in SP would do nicely. sold half just to lock in some profits but would buy back in if i feel this is a safe investment.
I want to see what they do with over £100 million in the bank by the end of 2016. If they drill with an average of 300 bpd that should provide a 40% increase in ESW production and the six wells at TP might help maintain current production levels in that area. So making $100 million dollars last year (60 + 30 (met owed) + 10 (one off cost of jet) might lead (assuming hardly any drilling in 2017 and $50 dollar oil price) to $150 million net annual profit. What do they do with all that money? Load the company with new assets that Mr Khotin would like? I doubt shareholders will get a taste of it.
Some big volumes everyday for last two weeks, not sure why. Who knows what to do with this share. No doubt something nefarious is happening behind the scenes.
Gambier, were up today, now do i sell or stay in. hmmmm
Many thanks for your response helps a lot
Take note when very large volumes are traded the price doesn't move which suggests that the exchange is between acquainted parties.