Member Info for Ant1986

Mcap? Really? So all assets are worthless and we'll lose anther £40 and zero earn in?

Nope, too low, back up we go. I'm in.

Near debt free, $1bn FCF, exploration growth all over the show, 9% dividend policy, hedges coming off, shorts coming off, one of the richest people on the world buying in, UK hinting at positive EPL adjustments, M&A strongly hinted, at a three year low SP.

Madness.

No surprises this morning.

Very similar position to ENQ, verging on no debt and lots of international exploration.

M&A being very clearly signed in my view.

Nothing wrong with this update, just the sector weighing down I think, should bounce in time.

Agree!

Significant holder declares themselves (one of the richest people in the world) and oil bounces after some nonsense fall to do with OPEC.

Tomorrow could be very interesting…

Down we go, again.

This update can surely only improve the SP? And I don't expect fireworks.

Must be mad to buy stock here.

Good luck, you'll need it. Do some research into the team, you'll be horrified.

Not forgotten this...

"If confirmed, that would be biggest build since February. However, the U.S. Energy Information Administration (EIA) has delayed release of weekly oil inventory data, usually on Wednesdays, until Nov. 15 to complete a systems upgrade."

Reckon once reported, it will surmise to the upside.

Very depressing. 18p then back to 13.5p. Why? $10 change in oil price. Nuts.

How is this still running?

Nilesh Jagatia was involved with Teathers Financial where cash was being removed via ATM without receipt.

Total scum bags and rotten individuals.

Avoid this stock at all cost.

The move is serious now, could blow past 150p in short order on news, but really, it should be attacking 200p within weeks. Trust will be needed once open again.

Very cheap now.

$90 oil and its priced for the moon. $80 oil and it’s going bust.

Reckon they will have made a big debt dint since last update.

Many saying the AA RNS was in the bank. It wasn't. It's a fantastic result! The response is a huge opportunity in my view. I've seen these JV setups take the company to 10x SP when the partner gets moving, like AA have.

Blocked all the obvious derampers, no vale in their view (they is in general criticism).

Game on :)

I have several positive references as to how different a JV with a major is, versus alone/capital finance stories.

Totally relaxed at this price, after a few successful drills, would expect £100m plus.

I'm undecided on placement now I know the drill is ALREADY turning. Much better than I believed.

Don’t think many will have bet on that.

Couple of pence offside I reckon, will be through 4p this afternoon, at the least.

Holding in SIPP now and doubled size, couldn’t commit until ink dry. Now it’s better than that.

Jesus, that took a while! Hahaha!!

Thanks for the balanced reply - all good points :)

If I was on the board, I would personally raise after announcement to derisk and grow other assets (Bots, etc).

You're entitled to think I'm stupid though :)

Makes a change.

My view is that we'll see the news break and then a placement at a reasonable price, which would be a very prudent move, given we're on fumes, with or without the deal.