Member Info for ART123

I think you'll find that 12.6 million shares at current SP of 67p is more like �8.44M.

M Travia is like a reverse version of Rob Terry. I keep watching this evolving story as I'm sure there will be money to be made here sometime. Just to need to keep reading the newsflow and holding back on buying until there is a clearer picture of exactly what is going on.

Sorry I should be posting 20 for 1 rather than 1 for 20.

I can't quite believe it but there are exactly the same number of shares in issue now as there were back in October 2014 when the SP spiked to 0.12p/0.13p. Just the figure is different now to allow for the 1 for 20 consolidation. Also 0.12p/0.13p is now 240p/260p. 252 million shares in 2014 and the same 252 million in May 2017 at the time of the consolidation. 252million divided by 20 gives the current 12.6 million shares, 49% of which are held by management.

I am quite happy to hold the shares I have bought today for a while. I feel the m/cap is so far adrift of fair value that this might even just start to re-rate of its own accord. The SP has been in steady decline since the 1 for 20 consolidation at the end of May and sometimes all it needs to change the direction is one positive update such as has come out today. Also I see in the 2017 Half Year Results of 28th Sept. that UEN have commissioned a CPR which is due to be published before the end of the year. It was a CPR in October 2014 that caused the huge 400%+ spike that I referred to earlier. "In August 2017, the representative of Blackwatch Petroleum Services, the Competent Person firm engaged by the Company to carry out an update of the Company's reserves, started work on the Competent Person's Report on the Company's portfolio of licences. The Company expects that the evaluation of reserves will be finalized before the end of 2017." Also there is a drill underway or just starting - South Dagi.

GrandJury Just you and me and Charlotte10 here so far. I'm surprised as that is a very positive update. I remember a spike here a few years ago when the shareprice rose from the old 0.03p to about 0.12p - that the equivalent of 60p to 240p in todays money - but that doesn't look like it's going to happen today. Nonetheless a steady re-rate over a few sessions is quite possible.

Profit alone is worth 100p per share let alone any value for the business. "After taking into account all duties and taxes, transport costs and demurrage, the net proceeds from the shipment are expected to be approximately US$8.5 million, representing a net back of US$45.08 per barrel."

12.6 million shares in issue of which 6.22M or 49.3% are not in public hands. No wonder it is difficult to buy.

$8.5M net proceeds from this shipment. 2 shipments per year. Possible $17M profit pa which is approx GBP13M and m/cap at 70p is GBP8.82M. Wonder which way the shareprice is heading now after a few months of solid falling.

Production is nearly 2000bopd - not sure what percentage UEN have - but m/cap is silly at less than GBP10M when they are making more than that as net profit.

I see they did a 1 for 20 consolidation in June so now there are only 12.6 million shares in issue. 74p to buy now with Interactive Investors - a very good broker I may point out. Availability when other brokers go straight to NT and cheap to trade too - GBP10 reducing to GBP5 per trade after 10 trades per month. GBP20 quarterly fee refunded as 2 free trades.

Got mine with II but had to pay 70p when ask was 65p.

Brilliant RNS. Maiden dividend 1st December. M/cap is tiny - GBP8M and they just made GBP6.5M on one shipment which I think they do 2 of per year. Share known to spike. Got in but had to pay 7p.

I was seeing a scenario whereby MT would return to the board but it really depended on the company getting contracts and revenue. Now it seems he wants to get back in via a shareholder vote. This must mean he was originally ousted by the management he had appointed which is why as I posted yesterday BOS need to get rid of all the high-flying execs MT appointed at least for now and the forseeable future.

I never ever ramp any shares to "high heaven". Anyone who has read any of my posts over the last few years knows that I am the most cautious person. Basically I don't trust anybody and that includes CEO's. I did though consider this was a good punt about a year ago when the shareprice was 3p and the CLN's were going to be converted at 16p. I never though felt the SP was going to go beyond 16p and posted to that effect. Others on this board did though predict 20p, 30p and even 50p. I have made good profits from this share and also a much smaller loss when things started to go belly-up. My only posts here for the last 6/9 months have been commenting on the need for contracts and an update on revenue. I sold out when Travia departed which I still feel was a very odd move. Wonder if he'll sell any more of his shares for 9p to his colleagues now the SP 2p.

Is Call Design still due to float on ASX? What was the proposed m/cap on flotation?

Maybe they should start by getting shot of all the highly paid executives that Travia bought on board - such as the 2 managers that are here to sign all the $20M contracts that don't seem to be happening in a hurry. One or two highly paid execs cost as much as all the other staff put together and they'll soon break the company. I sold at a loss and posted that at the time but even then I didn't forsee this carnage. Surely 40% of Call Design must be worth more than 2p a share - that's a m/cap of GBP1.6M.

https://www.investegate.co.uk/interenergy-holdings/rns/statement-of-intention-not-to-make-an-offer/201711061125536584V/

Good prospects here. I am in the enviable position of not holding any prior to the RTO. .

I posted on here a while ago that HAWK need to tackle their bank debt problem before it takes them into administration. TRIN had a similar problem (though with bigger debt and higher production) and they have managed to turn it round completely. They went into suspension and everyone thought they were doomed but they negotiated their way out of the debt by paying off some and writing of a lot more and then did a placing at 2/3 times the m/cap before suspension and are now happily trading at 3/4 times that placing price. Just shows what can be done.