Member Info for berniemadoff

i must admit i'm not best pleased by today's placing, but having calmed down and tried to look at it in the round it seems to be a positive indicator. firstly we must all breathe a sigh of relief it was 8p and not 5p. in the current AIM market any placing price that is close to the current sp is respectable. secondly, i believe this is a clearing of the decks in preparation for the good newsflow that is expected in the coming weeks, one may ask why there needs to be a placing now and not after the sp has been boosted by the good news. my take on it is that as part of the deal being negotiated with Wood Group our small fry company needs to show the shark in the tank (Wood Group) that it can bring some funds to the table. If Wood Group are going to be investing £X million then they would surely want to know what ENEG is going to be putting in. I think this a great buying opportunity if you take more than a 3-day view. I expect some transformational news in the next couple of weeks or so, and then another fillip from the start of the Spring drilling campaign in NF. The sp hasnt dropped much today and that's because the clever money is buying in here in anticipation of what is to come.

Sure mate

I prefer to talk facts. You have not been on this board until this morning. The first thing you do is to suggest that the placees are bad news for the company. No evidence, no support for your statement, just a bold assertion. Have you got anything of substance to back up your claim ? If not I suggest you're just trying to talk down the sp to get a better buy in price.

How much the company will receive in respect of the £500k is dependent on the sp. A higher sp means higher proceeds and a lower sp means less. So as long as the sp stays north of 8.88p everything's aye ok. Personally I'm comfortable with a 9p average, and can see triple digit upside if the wodd group deal comes off in respect of ABTOG and if the drills planned to start this spring in NF are successful. As you can see the sp drop this morning has provided people with a great buying opportunity in advance of what could be company making news within the next fortnight. I suspect that's why the company got a good price for the placing shares, ie. Because the buyers can see the explosive upside in this stock.

Ry mate don't buy it. Never posted here before. Show up the morning of a placing rns. Running down the placee without any basis. YA global masters will do whatever any other placee does to make money. Portraying them as some kind of portent of doom for. ENEG is unwarranted and shows you up for what you are.

Who has been selling lately, its probably YA global masters offloading a chunk tobank a quick profit before the placing announcement

Haven't seen you posting here before, what exactly is your agenda? The near term news flow in here is potentially explosive, Evil Knievel has bought almost 3% of the company, this placing at 8p is actually very respectable given the state of the market, and as far as I understand under the equity swap if the sp is higher than 8.88p at the time of paying instalments we get a bigger amount of cash

8p is a respectable price....clearly both parties see near term appreciation. Can you make heads or tails of the equity swap? Can't get my head around it

would love you to eat your hat mate :) .....let's hope its april rather than may, they have a lot of drills to get through this year

http://m.bbc.co.uk/news/uk-scotland-24898532 Nice to see we have an inside track with Wood Groups investment in ABTOG

http://m.bbc.co.uk/news/uk-scotland-scotland-politics-26314009 Wood group ex CEO heading govt review

In the June 2013 garden hill update enegi said: " The original horizontal well report from Petra Physics Ltd. in May 2007 indicated that a suitably targeted well can produce at a range of 474 bopd to 5,523 bopd." The same update reported that the existing well had produced at approx 190 bopd. I know that production had to be suspended following the unfortunate death of an employee but I understand production has now been reinstated. Assuming of course that the same rate can be sustained and the new drill produces at the bottom end of expectations what kind of value should we expect to be added to the sp here?

I can understand profit taking but at a time when the findamentals. Here are on the cusp of being transformed concentrating on the technicals is being rather short-sighted

About ABTOG http://www.innovoil.co.uk/Articles/tabid/262/Article/194/21st-Century-buoy.aspx

Knew I should have waited! Itchy fingers lol

Sorry that should 9.5 and 9.65

this is from the 17 january rns: "The well on EL1116 will be drilled, by BSE, following the anticipated successful drilling at the Garden Hill Field ("GHF") which is expected to commence in April." So first drill is April

Can't make out from your post what will be the first news item? Could you specify please mate

i bought 2 lots today, in fact both the first 2 buys this morning at 12.5 and 12.65 are mine. we bounced very nicely off 9.5p support

at 9.5.......its ticked up again since.