Member Info for apple-bees

I think they are delayed from this morning, funny how the price jumped from 18.01 to 17.30 in the space of 30 seconds?

Coming through, now 18p, truce price:)

Everyone else is getting good news today, OXS, CEY, come on PET give us some good overdue news :)

Looks like nodding up .25 on 5.5k buys

Swinging back and forwards on small sells and buys.

We still need a good RNS though, especially from Ireland: VALUATION Valuation remains very subjective at this stage. Yet there has clearly been progress since our last attempt that is not reflected in those thoughts. Our Base Case ‘dooms day’ scenario that merely incorporates cash, looks increasingly unlikely so we move our focus to the mid and higher case values. In our revised valuation we have anticipated a farm out in return for free carry on seismic plus one well in each quad (Quad 35 for Mid Case/both for Upside Case) with 15% retained interests. This may prove conservative as management is targeting at least a 20% retained interest on a two well programme for both. The resulting difference would nearly double the notional value in the event of successful farm out. Mid Case = Base Case + farm out of Porcupine Basin (£9.3m): £12.1m/15.8p/sh. This assumes retaining 15% of a seismic and drilling campaign on Quad 35 worth $100m (increased from $60m given the depth and potential size of targets). Upside Case = Mid Case plus farm out of Ghana (£2.3m): £10.9m/31.1p/sh. This also assumes retaining 15% of a seismic and drilling campaign on Quad 45 worth $100m and retaining 15% of a seismic and drilling campaign worth $30 ($18.75m). We still include no potential for Iraq.

You think its too shallow? The area is smack in the middle of 2 x producing fields.

Tullow has done well, however this is for the Tano 2 area which is close to Jubilee

Anyone having trouble buying, just tried 5 times with no luck?

are certainly tempting people to sell.....Hold on guys, they know what's coming :)

with 30% stake in poss 3.64 Bn barrels in Ghana, 100% stake in poss 1.6 Bn barrels in Ireland (47% recoverable) and a licence to explore 10,000Km unexplored territory in Iraq, even if just one of these come good then we'll all be happy. Of course it would be a big pay day if all 3 come good - RNS please PET :)

are going to get exciting..........................

Good news mate. You always said that Iraq is the one to watch, with 10000Km of surface to explore, so, its all starting to come together...This should be mentioned in the next RNS :)

18p and going up :)

Boom (as some would say) if a decisive break is on the way, tied in with an expected RNS. I really don't mind if it's news on a Farm In partner for the Porcupine Basin, the Ghana Licence or news on Iraq, any good news would give us a good break.

RNS normally at 0700hrs, an update is due, so hopefully soon :)

Our Base Case ‘dooms day’ scenario that merely incorporates cash, looks increasingly unlikely so we move our focus to the mid and higher case values. In our revised valuation we have anticipated a farm out in return for free carry on seismic plus one well in each quad (Quad 35 for Mid Case/both for Upside Case) with 15% retained interests. This may prove conservative as management is targeting at least a 20% retained interest on a two well programme for both. The resulting difference would nearly double the notional value in the event of successful farm out. Mid Case = Base Case + farm out of Porcupine Basin (£9.3m): £12.1m/15.8p/sh. This assumes retaining 15% of a seismic and drilling campaign on Quad 35 worth $100m (increased from $60m given the depth and potential size of targets).  Upside Case = Mid Case plus farm out of Ghana (£2.3m): £10.9m/31.1p/sh. This also assumes retaining 15% of a seismic and drilling campaign on Quad 45 worth $100m and retaining 15% of a seismic and drilling campaign worth $30 ($18.75m). We still include no potential for Iraq.

Much appreciated, I'll leave you alone now and read the rest of your literature :)

Sorry to be a pain, lets see if I've got this. With the current share price above the green Bollinger line, now's a good time to top up?

Your a star, I have not read it all yet, but I particularly like the fibonacci theory and now understand the Bolllinger. I'm going to print it off and get my head around all your lessons. Reading between the lines you were spot on about the re-trace 2 weeks ago and now the rise. Tie all that together with an expected good RNS, then the Fibonacci theory kicks in. For anyone else, worth a read if your a rookie like me.