Member Info for Beanup

Thought it was the right board, with me wanting Sterling to bid for Chariot!! Strangely enough I am also in CHAR & PMG and way way to deep in FPM & SQZ. Sterling I have a decent holding in the back drawer from pre Bamboo drill and accumulating to here. Similar vein - little or no debt is the play and my gut feel is SEY is a dark horse that will come good.

For a cheeky bid for Chariot Oil.... in this environment its a bit like having a land bank if you want to build future property.

Anyone know expected duration of this drill ??

Thanks Isen - I think, ha ha!! - I was looking through rose tinted glasses - trying to convince myself to hold a substantail holding - whilst worrying about another wildcat "dry hole"

Market Caps are looking bizarre in this market. We now have FPM with no debt at £134m and in descending order ENQ at £118m, PMO at £113m and IAE at £89m. All three struggling with development debt. FPM at 9-10k of production (split 55/45% oil/gas) has 70% of gas hedged in 2016 but only 33% of oil hedged for Q1/2016. Institutional Investors are onboard, so it would infer our MC is about right and purely driven by POO, rather than a debt burden difficult to finance. Hoping for market relief (POO) prior to drill results - as any disapointment will not go down well (no pun)

Not to sure whether these are a good buy at this stage of a cycle. I first bought in 2009 at the princely cost of £4.85 and continued to accumulate up to £9.60 in 2011. I have just halved my holding as although its continuing to climb, the USA is at a tipping point. Long term holding for me, so I am very pro - similar to SST over the same period. Monthly accrue rather than lump sum would my advice if you are taking a long term view. ATB

Dipped my toes in again yesterday, as sub 55p was just too tempting. Hopefully we are bouncing along the bottom now and an uptrend is statistically more likely. Especially as II buying has been taking place and broker re-itteration of circa 100p. it wouldn't surprise me if an aquisition is in the offing as growth would be better served by purchasing reserves or producing assets than drill bit at present. Certainly in the UK sector.

Chinguetti decommissioning and its in long term sleep mode - besides Directors Salariies of course!! I am a holder, but resisting any top up until Rip Van stops snoring

Always difficult to call the bottom - your purchase is at a significantly better price than my average, so although it smarts, its not a bad purchase. GL

Tend to agree. FPM has been over punished in my opinion after Blink duster. Company has been buying assets and one of the few still with a drilling programme, barring the big operators. Perhaps the Njord 2016 potential closure for upgrades is jaundicing the viewpoint. Accumulating myself again, although in to deep and should play PMO. or sell everything but my Investment Trusts !! GL

My risk !!

Don't know about long term hold on AIM. i have held a core holding of FPM since 2008, when it was 70p and a Market Cap of £70m. Since then it has reached the dizzy height of over 200p twice. Over the last few years, like most E & P it has descended due to market forces. I like the business model and the company has done all the right things with signifant production bolstering its exploration. Switch to Norway drilling all to the good. Potential risks - value not always reflected in share price apart from obvious risks of drilling and production hits. Holding 100,000 at present - but thats my risk!! GL but DYOR

Chiguetti is being reviewed for closure - other event horizon is far out.

With circa 3000 b/d output to FPM - anyone know the likely time period in Q2 2016, the Njord A will be off station for re strengthening?? Bleak at present, being back to low 70's, especially as we are drilling

Its been a great capital play - Trust not old enough to venture an opinion on how well it performs re income

As a Shareholder in Chariot as well as SEY, I would welcome a takeover! As Chinguetti pay check disappears, I would expect SEY to be looking at companies with a production stream. One company stands out to me - Serica Energy - with its oversea's portfolio and a producing hub going places in the UK North Sea. 17.5p is a trend going to continue I'm afraid

As Chingeutti is under discussion for decommissioning, this is the main driver at the moment for circa £14.2m costs. I would expect a retreat and re trenchment if this happens this year. Existing committments do seem to define the company share price at cash value. Somalia, Madagascar, Cameroon - long way out.

Costs paid up front, but tender out to market for Athena decommissioning between now and April 2016

Deliberating myself but its still on a premium. Scottish Oriental (SST) would appear to be a better buy with a discount and a very rewarding period of success. I personally have way to much in this trust, as i bought at inception, so looking to diversify.

Nice to see a plethora of new holders (maybe a bad choice of word) , here. Need to remember when to let go of this one and take any profit - Niobe CoS is what you are betting on, and possibly a RI for Institutionsal Investors only, oh at lets say 100m shares at 0.3p.