The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
It seems like all parties are going to have to take the pain of non-oil flows for longer to reach a position where they will be prepared to agree something. Maybe the Kurds and iraqis need to consider a different route to export oil without the Turks effectively having a large hand in the pie and veto over whether oil flows over their territory. Ironic that it may bring kurds/Iraq closer together (money talks)……I can see the affected oil companies offering to £fund/build a pipeline link south through Iraq to the gulf,then not held to ransom by turkey and let the Kurds and iraqis share the pie. Much longer ship transit to markets etc…..but the Turks maybe overplaying their hand in this game of poker !
Errr… Trolley, please go read on how a co’s value is calculated ! This bod relying on the competent delivery partner in Egypt. The quite reasonable question is how/ easy is it to repatriate the oil revenues to $ or £ in UK over many yrs to come, knowing how the Egyptians are with currency flows and let’s call it policy and political volatility.
Whisper quietly…..no more than that at the moment, holding breath for certain news !
All genuine share holders, just be aware….there are no certified results yet from the latest well and no certainty of it being a gusher…..Jamaica could be company changing but still feels like a long shot at this stage, and getting oil sales money out of Egypt and/or converted from local currency is not always straight forward….. there are many rampers on here who will egg on the 100% certainty that the only way is up and play on everyone’s natural greed, be aware of lessons like ukog this morning…. Maybe take some profit on the recent rise……. Best wishes all
O.06p incoming, sorry for all genuine punters who are losing money, yet again the rampers pumping and selling the dead cert easy money dream with oil and water in a plastic bottle as ‘evidence’ most will have bailed out before or immediately the RNS was issued and taking what profit is left. This is an exploration play with no reasonable certainty of a positive outcome and needs to be priced that way unless and until they have some independently certified flow results, if they get that far…..best wishes all
Baseless ramp ramp ramp, JR 90…. Shocking
Marvellous, company doing what it says on the tin, great stuff.
Thinking of his car industry….
Errr ….you may have noticed, not quite yet May! give you rampers another week to wind up the innocent punters ……doing a great job over last few days……
Of all the situations, this maybe the most applicable………..,
Nothing certain here, it’s an exploration company with a ‘hopeful’ sign. History is littered with these were the final outcome is not commercially viable. For those sitting on multi bagging consider taking some profit off the table and don’t believe the manic rampers with a run to more crazy unsubstantiated future SP guesses. It could be big winner still, but balance that prospect against the current facts. Good luck all.
Nothing happening with news on this until later in yr. people want their money to work, selling out and buying into stocks where news is expected more quickly, look at rises in ukog& uog ! Awaiting news in weeks…..
Any reason for the board not to consider a merger with pantheon?????both effectively on the same turf, probably would create a bigger and more attractive strategic opportunity, to then do a deal with mid sized or major production co!
So, as both companies are effectively looking to feed from the same trough, why don’t they consider a deal and create an entity that would have real opportunity for a mid sized or major oil co to do a deal with? Come on boards !!!!
Nothing new in this, 88 announced their results some time ago. No indication of what this board are going to do next ….. not happy with the apparent dithering.
At least the news from the blowout seems to be the best scenario, notwithstanding the initial shock, cost and delay. Opportunity to get the well back on track & producing is hopeful in my view.
Singhie, keep up the really informative and appreciated work… cheers mate.. may we all eventually be richly rewarded !
So what’s stopping you board ??????
They will be rewarding themselves for failure with share options at current pricing say they need to be incentivised, !! say trebeling option values when the share price is 60p in say 3 yrs time, and telling us how deserved/what a great job they have done, when it’s 40% of £1.50!
if I recall correctly they sold out when the price was £1.18, maybe now it’s 20p a more helpful sign of confidence would be to see them using part of that cash to buy shares direct at the current price?????? Talk about not believing in their own company ?? Come on board, show some confidence in your own business, they clearly have the capital……
Need to make the decision about testing smd, if need to £ raise to do that, do it now and give shareholders the prospect of some decent good news in next few months, could result in a much improved flow rate without a totally new well being required, if my understanding is correct. If not careful the SP will be mid teens before they do it and then cosit existing shareholders even more dilution on the raise. board are probably more interested in giving themselves a shed load of new share options at lower prices….remember this was £1.50 not very along ago….!!!!!!!!! A shocking dog it currently is, some proactive board decisions required please….