Member Info for AIMOilking

MCRO started strongly in the US - up 3.68% and major holder rounded up their stake to 5% of MCRO. More good news, but the best news is a 4.28% rise in the sp as I write. That will pay for Christmas!

What is TC vision pf PMG in five years time?

How much gas is PMG currently producing?

Given the market is off over 1% and MCRO has bucked the trend +2.4% as I write, this is looking very positive, shame the markets are down. The rest of my screens are red today - MCRO the only bit of sunshine.

Even for fat cat directors, these are decent purchases. Roughly £150,000 and just over £1,000,000. As they could just sit back and wait for their performance pay and options. The Finance Directors purchase is of most interest as he is the new guy on the BoD and has had a chance to scrutinise the books in detail. My guess is that this will also be the last opportunity for them to deal if there are other alliances, major contracts or acquisitions/disposals in the pipe line. The other aspect of this is that as directors, they are effectively tying up their personal capital for potentially a long period of time, so they are unlikely to have made their decisions without some considerable thought.

The new finance director and also the Chairman have bought decent chunks of shares in the company and can now be said to have skin in the game! This should ensure we end the day in the blue and I think £4 is good by the end of the year, perhaps even £4.50p given a little momentum and more good news floe.

Well, you can't say that the Execs don't have skin in the game, trouble is that it is at our expense. Plus if the dealing restrictions have been lifted, why are they not putting some of their own cash in the game?

Over 6% up in the US - a good afternoon after s poor few weeks.

Interestingly, when the BofE Governor was interviewed today on the rate rise he firstly sighted the increase price of gas and that the Russian/Ukraine situation was the likely cause and that it was not likely to be resolved quickly. Bad news for everyone but a silver lining for PMG holders?!

Gas prices now plus US$132.

Tell me if I am wrong, but I reckon every dollar rise over a year is worth at least 0.2p in sp added to the cash pile or 0.5% added to market cap. Whilst, gas prices may rise further, I do not believe they will sustain these levels, but even if we averaged US$100 that would be 6p increase minimum over last reported period in cash alone. The 60 estimate does not take into account increased production.

I think the seller that was trying to push the price down has come back realising that his plan is messed up by the rising gas prices.

46p

Can someone help? Based on US$130 for gas, what is PMG likely net revenue from the Dutch assets?

Based on last years figures and now 15% share and US$9.9 uplift costs, surely PMG must be netting over US$20m a year pro rata now before admin and tax at these prices? Now that makes a substantial difference to the balance sheet and profitability. Plus I believe the production rate increased towards the end of the last reporting period, so last years average production should be significantly beaten.

Anyone care to estimate?

With the price of gas, PMG must be generating more free cash to add to the £20+m pile in the bank. By my estimate - two thirds of the current sp is covered by cash alone. So cash in bank + Assets + profitable company + free cash generation + the TC Factor + gas likely to remain high for months, even years + recent 65p+ sp peak = PMG must be due a decent re-rate.

PMG is already a diversified cash generative and profitable company - Happy Christmas!

Nice rise today on the sp, but given the gas price rise and PMG being unhedged, surely we should see some more upward price action on PMG?

Agree Sono - energy produced in a relatively politically and economically stable environment is worth a bit extra when push comes to shove - North Sea has always been good in that respect.

Looking back over the last week or so, there seem to be some closely timed small batches of sales, starting around the 5000 shares mark and increasing until today we are seeing batches of 25,000 shares. Do you think this is a small time player or shorter playing around to try and get the price down and frighten a few punter into selling?

Seems a little odd, but given the relatively small total number of shares (109m), TC holding 25% + another holder 8% and the generally small volume of shares traded daily - it does seem a little odd?

I don't think there will be a buyout just yet and someone would have to accumulate to build a big enough stake or present a big enough sp price to buyout shareholders, many of which are loyal to TC. Basically, if TC with 25% says it is worth fighting a bid, then a goodly number of shareholders will stand by him, simply because he has made so much money for them in the past. If TC had a really good deal or undervalued asset (poor mkt Cap), he could try and take it private, but there are insufficient major shareholders currently to take him over the line to a private company, so again someone would have to accumulate.

PMG has underperformed my personal expectations, given the current price, but several trades over the years have netted a nice return, so all my current shares are more than free, having said, picked up a few more today for the bottom draw. I am hoping we'll see 65p levels again in the next 12 months but now holding to see what TC can do in the next 5 years.

Maybe this was the news that Stephen wanted to announce last week?

However, I would have thought major contracts and strategic alliances would have been worth an RNS, if nothbing else it would keep the company name in front of the punters and perhaps comfort the existing long suffering shareholders.

Nothing has changed, so no reason for today's fall, although now that information is in the market place - I would expect at least token directors' buys to help stop further drift.

The BoD are not the most charismatic lot - are they?!

You could have knocked me over with a feather based on today's sp action - I just cannot see why this has dropped today ahead of potential news next week, even with the dire price action on the FTSE. Roughly, MCRO down twice the % of the FTSE!!!

Good day so far - big headline announcements often come at the beginning of conferences. We could hear something as early as Monday, earlier than I previously thought with 30th putting flesh on the bones of any contracts or agreements. Perhaps MCRO's guy didn't put a bid in for a conference slot early enough.