Member Info for chessman1

Son of Bull, you are getting your knickers in a twist. There is no bid.........yet. Wait another few months or indeed until next year and then ask again.

The SP is currently correcting itself and has further to go! Dick's stab at a valuation was excellent.

SotB, if you look at a recent post from Dick which indicated a valuation you will realise we are worth more than £2.50.

In my opinion the SP is simply heading back to it's correct level.

Any bid would have to be at £3+ and even then we get taken out on the cheap.

Let us hope the SP reaches at least £2 before the NEO NEXT deal completes in the 3rd quarter of this year as we may then have no say in the matter.

Needless to say we are worth a lot more.

Best Wishes to Dick who I hope is feeling better now!

Fortunately our income continues to increase each month, so much so, that we could provide a meal for a predator at the 40/50p level.

The SP is too low and will soon reach a higher level.

Rob, You're not up to speed on AXL and need to do some more research.

At the current Sp AXL is remarkable value. Have you seen their debt?

Excellent post Dick which greatly clarifies matters for many readers.

I hope to soon checkout the route to the West Country for the celebratory meal. In the meantime I remain a firm holder of a shedful of stock.

IMO any buy under 25p is excellent value. The number of wells being drilled during the coming months should result in a steadily increasing SP.

I’ve bought more and fortunately paid only 23.83p per share!!

All buys so far this morning!! The next news should be interesting!!

I also see a good future here. Do remember that a Chinese company paid £13 per share a few years back for a stake in the company.

The next 12 months or so should be extremely interesting.

I'm with DU, JB and others here, sitting tight as the value of JOG far exceeds the current SP.

The Government certainly need the income from future oil & gas projects thus the Buchan field will come into development. Indeed NEO's FPSO has already arrived and it is this which is causing the current excitement.

As usual it's just a matter of being patient.

Without doubt the future at JOG is interesting as the oil at Buchan will be much needed by the UK.

News in September by the government should strengthen the SP and make many of us a lot happier.

With the tax losses we are sitting on I would not be surprised to read of a bid by one of our partners.

I suppose there's no rush but it could happen later this year.

There were some large buys today so I would hazard a guess that news will soon be coming!!

Good to hear from a long time holder. Sooner or later TXP should show all of us the really good news.

I wait patiently!!

Unfortunately, patience is the key here as it is with a few other oil producers such as AXL, JSE and TXP amongst others.

Dick U has given great guidance here and like him I believe we will be taken out. The question is, will it be sooner or later?

MRSI,

I'd like to agree with you but the MMs are having trouble, as at present not too many holders are selling.

I like to think there are now fewer sellers prepared to take a small profit as there were a few weeks ago.

Wish I was only down 50.

PC01, just remember that we do not always leave this world in chronological order. When the messenger in the sky says checkmate we have to go! Sadly the treasurer of KCCA has just passed away at the early age of 39.

As you say we must continue to have patience here.

Thanks also from me Jim.

I'm happy to wait but like Dick and some others I only have an unknown amount of time left!!