Member Info for ART123

M/cap was only about �750K at yesterday's shareprice. Right now about 1/3rd of that.

0.79p to buy and 0.51p to sell. Picked up some at 0.50p earlier. Not sure if they will qualify for me to vote NO.

This looks pretty up to date: http://magnoliapetroleum.com/shareholders-analysis Only 21.88% held by institutions and the directors hold only about 2%.

RNS says that they will need 75% + shareholder support to delist. Looking at today's movement it might be worth shareholders blocking this move.

"I doubt they would look to relist in the US now, doesn�t make any sense to me." No, it doesn't make sense for a US fracking company to be listed on the London Stock Exchange. The UK doesn't do fracking as yet.

Effectively 85% down overnight....................

Can't believe people are selling at 0.25p - buy price is still at 0.7p (now 0.66p). Not a holder here but maybe a punt if the buy price falls far enough.

Well look at Magnolia (MAGP) today. They are also a US based fracking company and having raised cash for years on the UK market but they have recently got themselves investment from a US capital management company and now they are delisting. These days the huge hedge funds and capital management companies seem to be financing and running the fracking business rather than shareholders. All just my opinion.

Personally I can see this delisting sometime. No point in keeping an expensive listing going in the UK as they are 100% US based and now they don't seem to have the need to raise any more cash from shareholders so it is silly and pointless. The market - ie. the UK shareholders - seem very unimpressed with the 6 drills that are now underway and the manner in which HNR have reduced their stake anyway. Not sure why they ever floated on the London market in the first place as fracking is not a big deal here as it is in the US. Just my opinion.

Looks like the impatient sellers have all finished selling now. Rig mobilisation is underway so we should see a rise through to spudding. 20p minimum is now my target. Could be more but I feel the delays may have taken a bit off the top end for now. Still that's a good rise. ATB.

A shareprice rising without news or rumours these days usually means a placing is on the way, especially as any news regarding the licence in Mozambique is not due before August. I know that COPL raised �2.5M last October, which is a large sum for an AIM minnow, but on the placing RNS it also says that COPL are burning through $410,000 per month - just over �300K - so just since the last placing they will have already got through over �2.1M of those funds so more will be needed soon. It's the way of the AIM market these days - move the shareprice up and then do a placing at the point where it was before the rise. Just my opinion.

A rise similar to the one on Argos Resources (ARG) would be nice here..............................................

The first drill of the last drill campaign in 2010 spud on 23rd June so this isn't going to be much different really.

Finishing strongly. The spread doesn't do this justice as the buys are all going through at 0.44p.

I was just going to say that. The MM's never have any shares here anyway. Any little buy and the SP rises. Obviously nothing is certain but the fact that GBP have appointed a reputable advisor to get the farm-out done is a positive. Just need it to happen now - and as soon as possible.

Personally having bought in here a bit too early at 24p and 15p for an average of 18p I will be quite happy if they raise extra cash for the drill at a lower price as that will give me the chance to buy some more and bring my average down and then at least they will head on with the drill. Sub 10p suits me fine and I will hope to get my average down to around 12p or so. There are only 69.5 million shares in issue at the moment so a few more won't be a disaster - in fact even twice as many won't be a complete disaster as long as they are going to get on with TPL-103.

Got to be happening here soon. Complete bedlam over at Bahamas Petroleum today. I was trying to buy on 4 different sites and it was a nightmare. My orders ended up going through at 140% up. I've made sure I'm not going to be going through that here by buying in advance and that was even hard enough today. Bring it on. Still a �4M m/cap here.

According to my live prices the last 2 buys have been at 0.60p and then 0.614p while every buy for the previous hour or so were in the 0.5's. Looks like the MM's might be through their mysterious stash that they somewhat generously sold off at prices around 0.59p and 0.595p. I expect demand to push this up very soon now.

Still mainly buys but despite the buying pressure the MM's strangely want to drop the buy price which is unusual. They usually can't wait to do the opposite so I'm not too sure what is going on. With the m/cap just under �10M this looks like it's got potential to rise quite a lot further so maybe it'll be more of a re-rate over a few days than a mad spike. I make it less than 2 million sells against over 13 million buys - and the 0.58p trades earlier were buys too as I got some of them at that price. ATB

Less than 1 million sells so far. Everything else is a buy.