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The trouble with the news this week is that I no longer know what news is in the pipeline, except annual accounts. I doubt they will be entertaining. Looking at the way we report income from oml113 If we are reinvesting the net income that would be distributed by the jv that might not even hit our p&l as income received as it is retained by the jv in first instance. Just prepping byself for another set of bland accounts. Does anyone have any expectations of the next 6 months? (Dandy, this is where you'll see holders are much better at deramping than you.)

Haven't checked the rnss but I suspect the consortium of unrelated Chinese investors haven't paid more than a penny per share in the last 12 months

Good spot. That's a big trade. My thoughts on the chines is they're in deep already. They've had plenty of opportunity to buy more, it even went into the 40s at one point. If that's a pi punt it's Billy big balls that's for sure.

I'm mistaken. The asset is held at cost per note 11 of 2016 accounts, as the directors believe this represents fair value. So, as you said numbers we can technically receive a fv uplift in the 2017 accounts.in which case I expect a fairly large one. Also, on the director remuneration debate, page 9 has breakdown per director. Stefan only takes 185k of the 495k remuneration.

In fact numbers, the accounts may not help. We are holding the asset at historical cost of development (essentially the cash we have so far injected) unless they change this we won't get a fair value uplift. Not sure of the accounting rule

Couldn't agree more numbers. Although mcap is around half the current nav set by auditors. Not least because I refuse to take a paper loss. What frustrating day. Can't belive I let myself get carried away this morning. This is mxo!

I don't have level 2 Philpot, no idea what sort of trading pattern there has been. The share price tells me all I need to know. That is the demand isn't there. Shame. Was expecting at least a spike this morning.

Well. That's a damp squib of a reaction to our news. What's it going to take?.... Jim, I would agree, but he does have a lot of skin in the game, doubt the wife will authorise further funds here.

Philpot. Good point. Got carried away with the oil reserves here, forgetting we are due a gas cpr... More to come I?

Around 3.5

Hope we get above photos average

Lol. 6P. I would wet myself

Thanks Dandy. You don't read the board much do you. Mxo is like a battered wives club. We really don't expect much after constant let downs. Anyway, thanks for the support, you trolls are like the missing piece of the jigsaw for a good rise here. Good luck with your ahem, strategy... Gonna be on the tube for market open dammit.

Wow. That is some increase. We're still missing vital information on current production levels and the new strategy. Is this what our premium buyers knew when they bought in perhaps. Of course stefan will stifle any rise in share price by keeping radii silence.

Interesting times ahead. Perhaps. Thanks for the info panei.

I note the admin costs for the half year to 17 are 600k, they were 1.5 m for the same 6m last year.

We did agree to change our investment strategy. There is also that Grenada cloud hanging over us. If that was a cash call for operational costs then I will be peeved. In my mind we turned a corner lat year and we should have enough income to cover our op costs. Happy to spend on capex as that grows the business

I come back to the same conclusion each time. Either the Chinese are in the know, or can't bear the thought of turning a paper loss into a cash loss. More funds raised earlier this year, also a premium. That was after seeing the price fall to nearly a third of the 1.5 P premium raise last year. People know stuff we don't. All will be revealed, but when.

That's what this forum is form, oh and giving stefan a verbal kicking.

For clarity it's the June 17 interims with no debt