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Slammed down again with lots if 100 sells absolute Fooking joke

Will release it is just being corrupted as usual after a throw down. I fancy it will attack 75p in the next 2-3 trading days

Hi there, I have contacted the chap that is coordinating our next move. He will connect with you and post his e-mail address. Cannot wait to get some justice here.

Indeed it always takes a bit of a while for it to rise after a smash down from a quid. Patience will pay off here any day o feel a 10-20% rise coming

Should be at 80p now but being held massively just got to wait for the manipulation to end :-)

This is priceless :-)

Is an understatement it is comical they push it up to 67.50p loads of times a day and then slam it back down with small sells. Zedy think a drop from 92p to 66p constitutes a great buying op. This will move upwards fast saw the same with Lmi, Pmo and Genel. The market cap is ridiculously undervalued

ploration, rather than development or production. Over the past year it has rearranged its portfolio of prospects, exiting 5 of the 12 in last years portfolio, but adding 2 new ones. Fortuna FLNG The company has been in the news recently following the breakdown in negotiations with Schlumberger regarding the funding of the development of this project. The company remained confident in the economics of the project, and did not know why Schlumberger had walked away given that the economics had substantially improved during the course of their due diligence. The company is now searching for an alternative partner and claims to have “strong industry interest”. If it cannot find a partner the company has the resources to develop the field alone, and will make an FID (Final Investment Decision) in Q4 2016. It estimates that it may have to assign $100-$150m to the project. Kerenden First gas is expected in H2 2016. All the gas has been sold forward, and the company is currently attempting to renegotiate the gas prices upward. Thus far the proven resources are twice what has been contracted forward, and there is potential for the resource to be 2-5 times the initial contracts. Myanmar The company has very interesting potential prospects in offshore Myanmar, a region that has been relatively neglected due to the international sanctions imposed upon the country until relatively recently. There is an existing gas pipeline to China which any gas finds could be linked to, so the gas could be brought quickly to market. This is a potentially big prospect for an exploration outlay of around $20m. Company prospects Even without any more exploration success the successful development of the company’s existing finds should raise daily production from the current 11,000 boepd to 30,000 by 2019/20. Over the same period 2P reserves are forecast to rise from 54mmBO to 250mm, and free cashflow from $70m to $200m. Executive Remuneration I tackled the head of the remuneration committee, Vivien Gibney, over the fact that in 2015, while shareholders were suffering substantial losses, the CEO Nick Cooper received a salary increase of 14.1%, benefits of +11.1%, and a bonus of 43%. She made a lame excuse about him having met targets. I made the point that shareholders were happy to see executives rewarded when the company does well, but do not want them to also do well when it does badly. Shareholders are always sold executive pay packages as an incentive scheme, but find that during the good times executives are rewarded for performance and during the bad times they are rewarded for “effort”. The net effect is that executives are rewarded throughout the cycle. If only shareholders were likewise rewarded. In a meeting with director Alan Booth after the AGM, I was assured that the question of executive pay was being addressed, and that the Chairman Bill Shrader has a track record of forcing down pay. Let’s hope so

Hereshopin in my experience especially in the short term it will move the so dramatically upwards. Glencore was overvalued and do was morrisons. A drop from nearly a quid to this level when we have 4 times the cash needed to fund the project is a dramatic overreaction. For those of you unable to get to the AGM near the Barbican today: Ophir Energy AGM 10th May 2016 Key points: • The company is aiming to become a sustainable oil exploration company that fully funds itself throughout the cycle (though they are some way off this at present). The aim is to have a constant budget for exploration throughout the cycle, rather than a pro-cyclical one. If a high oil price results in substantial extra revenues the company would aim to return money to shareholders rather than fritter it away on further (and by definition more marginal) exploration. • It has a very clear strategy of focussing only on exploration projects that can be profitable at $45 a barrel, the expectation being that Shale Oil will cap oil prices at around that price for the foreseeable future. • Following the failure of the Schlumberger deal to fund the Fortuna FLNG field in Equatorial Guinea the company will push ahead with development either with another partner (the company claims to have many other interested parties) or using its own resources. • Cash of $550m as of 1st January • 2015 Capex down 70% compared to 2014. 2016 capex forecast at $150-200m. • Breakeven oil price on existing production of $15, which will fall to around $11 when Kerendan gas project in Indonesia is online in H2 2016. • There is a new, complex executive incentive scheme which is based on changes to the NAV. Not sure that anyone understood it, but it aims to align management incentives closer to shareholder needs. Management The new Chairman is Bill Shrader, a BP veteran. He spoke from notes which seemed to indicate that he was not yet familiar with either the company or his colleagues. In addition, throughout the meeting he had the wry look of someone who thought the whole proceeding was a waste of his time. In his favour is the fact that he is also the non-executive chairman of Bahamas Petroleum where he has apparently forced the CEO to take a 90% pay cut. The CEO Nick Cooper spoke well but quickly, fairly rushing through the presentation so that it was difficult to take notes. He struck me as more of a business executive than an "oil man". The presence of the experienced Alan Booth as a non-executive director is a big positive. He engaged directly with shareholders at the AGM to assure them that the issue of executive pay was being addressed. In contrast, the head of the remuneration committee Vivien Gibney seems to have been very accommodating to management, and I was not convinced that she would constrain executive pay. Business model Almost alone amongst the UK E&P sector Ophir has a very clearly articulated b

Always boost the sp agree that a bid at this market cap when attempts were made late last year at nearly double the sp. No brainer at this level to be invested

I think blooming iPhone :-)

Not guaranteed but u think it is imminent going nicely this afternoon sp wise

Coming weeks I meant far too excited after seeing that

Wow that is is brilliant news should see a large rise over the coming news. Share buybacks show string string confidence

That spike ammu, be nice if you had something positive to say :-) 66.55 on the bid

Will send this rocketing just hit 66.6p

Yep aerial it is madness, looking forward to the AGM notes

Today still astonished that we are valued at near cash with the assets we have. 25p drop is ridiculous

Today with the AGM I reckon might hear some news about potential new partners etc

Today look at Lmi and glencore for example. Should see an uplift tomorrow for the AGM very undervalued as market cash is valued at just over cash in the bank