Member Info for Ant1986

It's pretty incredible the reporting from FT, just shows how they work in concert. They always do. I've been around long enough to know and have learnt enough to know they are trying to snatch this off the market. Either TO or bid. The II's want it.

SP walks back but I think the floor is 200p and the tender 10% at worst. So we have a range of 200 - 220p and that's being quite miserable about it.

Nuclear concerns and Russia killing civilians is of paramount concern and the market is reacting accordingly.

You should work for JPMorgan and tell them what a mistake they are making. You sold a while ago from memory. Tit.

Does feel like a takeover is brewing.

We are £940m cash + revs from North Sea £200-300m realistically + £300m Egypt assets + everything else £100m?

£3 a share, so an offer of £2.50-£2.75 is still cheap but a lift for us?

I think you're right, good opportunity to bury bad news too.

And I would imagine we are down because the tender amount is known.

Surprised they haven't tabled the tender quicker, knowing the oil price spike will make holders less inclined to accept even a good offer?

Did they really try and take it down on $112 oil on open? Wow...

So just over a week ago JP Morgan cuts price target to 221p and then buys 2% at around 217p a week later.

The manipulation is horrid.

What I don't entirely understand is why the cash return and tender announcement weren't done together?

Year end cash was $133m
Kraken cash is $76m
India cash is $1060m

Dollar is 1.34 = £947m - mcap is £1047m

I don't think our entire asset base and future revenue (at $95 dollar oil!!!) Is only worth £100m. Joke.

I've ran out of puff. Have a good day.

And I imagine you lack any vision if all you can do is wave solid Egypt numbers at me. They have a billion dollars and no debt, reckon you can get a few percent of they buy/have success with delt or any other asset.

And what do you think now is exactly?

Hope you've sold buddy and made lots of money. Why are you still here again?

Oh Megla, apart from the pile of cash, cash flying in from another deal and cash from Egypt. It's outrageously cheap!!

It just won't be below 220p. This is a crazy reaction in a crazy environment.

We will know all next week I reckon, before year end. Disappointed but don't think we'll hang around here. Gap up tomorrow morning?

If this doesn't go past 220p I'm going to have to laugh at myself. The trading oops I've missed for THIS RNS.

Crazy times - oil past $100 and gas flying. Assuming there is a world in the future.

Absolutely, it's hard to see the positive side when children with colouring books in hand are running from one of the largest and most powerful countries to enact war since Germany.