Member Info for bigsmoke

i was thinking today, is it not the case that Foo cannot let VOG go under as he needs it for the Logbaba licence award and then his family royalty - but then again, what would stop him acquiring the licence via a family newco once revoked?

well, closed sub 25p, we are heading for 20. ouch.

between banjo and mjonesy there are alot of bridges missing their rock munchers.

eldo - in terms of AMER takeoever, you are at market too early.

i see DEB is down 21%...

now, 10.80 - someone is getting clobbered in the auction.

or not...? SP at 10.28

looking at the chart, VOG should get into ski-slopes.

@Mr 1909: you predict that the SP would drop to 8p, out of 100, what chance do you think there is that the company would not be takenover at or before that point? there are muti-factors at play here.

@rhodi - true, but one of the naysayers said yesterday (I think it was) that they hold less than 1M shares. Not the sign of confidence one would look for. Which is, to be fair, a point.

@Mr 1909: "The problem is you are emotionally attached to this share. "

who are you addressing?

https://twitter.com/victoriaoilgas/status/1032912525233467392
only nearly three months ago.

Mr Fool, you aint no fool. Mr 1909 has the right to express his opinion, as we all do. And Mr 1909's conclusions are subject to rejection and rebuttal, as are ours.

to translate the 1000 or so word RNS into a picture...
https://giphy.com/gifs/money-swimming-diving-n59dQcO9yaaaY

looks like F/Y 2018 T/O will be around $125M - not too far off the current market cap! and a good chunk of that is cash profit to add to our cash pile.

i'm a simpleton. i look at the results and not the BB comments. apologies if i misread the following as being somehow uninvestable...

H1 2018
Financial
· Strong revenue growth of 93% to $67.9m (H1 2017: $35.1m)
· Generated profit after tax of $10.8m (H1 2017: loss of $2.3m)
· Adjusted EBITDA of $24.3m (H1 2017: $7.6m)
· Increase in net cash from operating activities to $12.5m (H1 2017: $7.8m)
· Robust cash position of $49.3m (H1 2017: $29.0m)

Production and OBA
· H1 2018 average production increased 33% to 5,959 BOPD, with an average realised price per barrel of $64.2 (compared to $47.2 in H1 2017)
· H1 2018 OBA throughput average of 4,987 BOPD
· Concluded negotiations with Petroamazonas bringing Amerisur's guaranteed minimum carrying capacity through the OBA to 9,000 BOPD
· Post-period end, completed construction of Chiritza (re-pumping) station, with commissioning expected shortly
· Continuing focus on strong HSE practices, with no reported lost time incidents

eldo: waht about the 600bopd at T-sands? is that not good news?

who "...bases their investment decision on what a person says on a bb..." ?

@rhodi, if eldo etc. are right, what are the chances we could pick the two worst companies to invest in?

For those talking AMER down on the basis of bad management, over promissing and under delivering, misleading use of "imminent", a backward corrupt country.... you have no clue until you follow Foo's VOG in Cameroon.

to sell..