The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Share your doubts, been a holder here since 2008, so developing has not been a play. I do wonder what the Dana / Parkmead / FPM will evolve into. Seems to be a small play with Spaniards to the South East with PMO as operator. Their was a mention in the detail of another third party interested but this would be small beer. With regard to Pil, we reached the dizzy heights of 150p and have now returned to circa 1110p as if no discovery. I sincerly hope that Faroes Directors get an unsurprising bid on their Carden Place office
Information seems to be forthcoming with regard to development for 2017/2018. Conceptual studies done by FPM, so it should be gathering momentum for Industry suppliers to get involved. Anyone know of a Third party who may want to join the party that has a discovery in the nearby area ??
Another 10,000 accumulated sub 109p, I sincerly hope it doesn't return to sub 70p when I first dipped my toes. Remarkable climb and descent, with market capitalisation more than trebling. Concur with Malcy's blog re compelling opportunity, pity the Directors don't see it the same way by aquiring some shares.
Some b**ger buy this company and get it off my portfolio. Ithica / Serica offer 8p a share - its my fault for listening to the b*ll sh*t this crowd spouted. Rally round cannucks.
Lets hope their is no problems with start up and Njord/Hyme starts delivering well needed cash
Now would be the time, for the Director's enmass to begin to accumulate personal shares in Trap Oil. With news of any kind seemingly "tight" hole, it may endeavour to bolster the ship ( which is in submarine mode) and give investors some assurance that a further dilution is not on the cards that only rewards II's. It would probably come with additional options for Directors !!!
Technip have mobilised the Siam Daya 1 Construction Vessel to install a new dynamic umbilical onto the Foinhaven FPSO, to resolve the power outage of the East Foinhaven field. Would be nice to get some news on Njord, with regard to re startnig production. Lets hope it reflects on the SP.
Six years of accumulating from 70p, with a similar Market Cap, reached the dizzy heights of 200p plus three times. Now have over three times the Market Cap and a descending share price. Surely II want a return on there capital, not withstanding strategic alliances. How about a better scam FPm and allow the SPto drop to sub 100p and announce a share buy back scheme. That will surely hack off the II that are not considering off loading Very disgruntled over my 100,000 gambits
Additional 54 million shares at 120p. New base line. Now a trading share.
Glenlivet now looks closer to coming on line - or a sale of 10%
It will be interesting to see if all the major shareholders have increased proportionally their holdings. It would be a reasonable summation that this has placed a floor on the share price - if it wasn't AIM. A company that since 2008 has gone from circa 50-70M capitalisation to over £300m, has at some stage to reward shareholders with an increase in share value. Touched over 200p at least twice during this period, so thrilling ride without any real change in value. Directors sitting in Carden Place , Aberdeen should note, options are a reward that requires an increase in share value
Notwithstanding taking the risk of dry holes, production shut in, general AIM malaise, my 100,000 shares now succumbs to an II placing. Why didn't the darlings buy these at 105p earlier in the year - oh they did - now they have more at 120p. Still core holding, but lets get these on the main market and enough of these shenanigans. At least the last time Pi's were given the opportunity.
Is this MM trying to drum up business ??? Any opinions as I am foolishly loaded up on this one and loath to average down any further. Ithica signed a further 5 yr contract for the Athena FPSO so i am hoping it is staying on station.
I'm part of the Glum brigade on E & P. All mine seem to have rebased relative to the last Rights Issue's, usually at a consderably lower base line. Was comfortable accruing at 35p on SEY, needless to say it joins the rest requiring re couping of losses. TRAP, SQZ, BLVN, CHAR,TPL. Watching brief at present
My CoS is pitfully low. Next time
Share price looks like ranging without further news flow, would opinion that return to 35p is basement level, although I am very optimistic on this stacked play. Keeping an eye myself on buy volume - nothing on the rumour mill that i have heard as of yet.
Q3/14 Surprise drill on the cards, 90% working interest - cost circa £28M Q4/14 Brule drill scheduled, 46% working interest (6% carried) - cost corca £20M Cash in bank, but only partial cover of costs. Brule near Athena so interest may come from IAE/PMG to farm in. Surprise looks an attractive proposition so again interest will be shown. White Knight now involved perhaps to see this through. Interesting.
the Darlings have took a pay cut according to the latest presentation
looks like all those large transactions have found a home now. Interesting.
Been in here a long time along with Mr Curtis and similarily averaged down. That accounts for 13 million of these, along with a tidy loss !!. So fair value is 13p and steps in place to build from this baseline. Drill Rig booked prior to end of year is the key, or else another asset will disappear after gaining a 1 year extension. FPM, SQZ, BLVN, TPL all savaged so TRAP is not on its own. To much in to average down anymore on all of them !! Uplift to 13/14p will see a fair bit of unloading, if it happens, from a few of us