Member Info for danawinner

This is looking really strong.
I Luvvit.
https://uk.tradingview.com/symbols/OSL-NORTH/technicals/
Look at day, week, month .
VERY STRONG
2.5 NOK NEXT WEEK?!
Once we have a dual listing in London, it will really motor.

If you look at the trades on AD VF N website for the TSX listing, it looks to me like someone is desperately trying to keep the SP down over there.
This has been going on for some time.
My suspicions are aroused. In a different way from Photo, who's wife is now home.

TXP ready for a move then?
https://lse.swingtradebot.com/equities/TXP:LSE

JT4264 I think that we will see some more progress with the quarterly update next Monday and again on TXP hitting gas at Chinook.
Moving in the right direction.
GLA

Yes it is always difficult to buy. With equiniti/Eqi/selftrade it is utterly shambolic. Three times in the last month I have placed limit orders and they have cancelled them without any reference to me. The only way is to do it with a telephone limit order and stay on the line until it's filled or to knock it on the head and place a higher limit order.

has had some good news today with its other big shareholding Reach Subsea publishing its best results ever
https://newsweb.oslobors.no/message/512035
North should be up 5 to 10%.
This is good for us as it means that they are less likely to sell any TXP shares, allowing the SP to rise.

Overall impact on the share price will be small for a $4 billion company.
Even so SP should be up 5% but an over-reaction for the effect this will have on profits.

Norb, you beat me to it!
Excellent results from Reach Subsea should boost their share price today by 20 to 25% imho.
Superb new contract in the USA and good future utilisation of resources.
Leading contractor in preparation of off-shore wind farm projects with good growth potential.
North Energy will reap big rewards from this holding.
North should be up 10% today.

Bully my experience of working for aim companies is that you have to be whiter than white and therefore have a share dealing policy for all employees. If you value your job it is very wise to get a nod of approval before buying or selling shares. As this is the exercise of an option to purchase it has to go through the company broker so you would have to be very brave indeed to think that the company broker would nod through such a transaction without reference to to the company secretary or whomever.

Spawny. Yes I think that closed periods apply.
https://shareinvestors.co.uk/2017/04/21/understanding-the-rules-and-intent-of-director-share-dealings/

I can't help but feel that the SP must be at the bottom.
Only the 15 minute indicator analysis shows as a 'buy' and anything more is strong sell, but my gut feel is that it must have bottomed out and that once it pops up, we will see a 10 percent gain.
We will see.

Good to see that the staff are exercising their options.
Could this be a prelude to something?
We shall see.
GLA

Photo, Great to see that worked out so well for you, Mrs P must have been pleased with you.
Talking of which, on Tuesday please let Mrs P have a sip of her Gin & Tonic before you jump on her.
Oh and change the sheets, they must be getting a bit crusty by now.

Sturm, I think that every oil or gas well will be different, but the fundamental difference is that the gas is under pressure and is fighting to get out, whereas the oil usually needs to be pumped to the surface against gravity.
Gas flows much more freely than liquid through the rock structures, so getting it out of the ground is far simpler. Once it is on the surface, if it is 'sweet' gas it doesn;t need much treatment - it will need to go through a separator to remove the condensates which are low viscosity oil particles, and to remove any water. This is a gravity based system that has virtually no running costs other than periodic supervision.
Once the gas is cleaned up, it is then necessary to get it to the right pressure for the pipeline via compressors and then through the all-important gas meter so that we get paid for it.
Oil, on the other hand is much more expensive to get to the surface. I am no expert, but depending on the specific gravity or thickness of the crude oil, the costs and flow rates can vary a lot.
Depending also on the type of rock structure and its porosity, the rate of migration through the rock will vary enormously. Sometimes the oil might leap out of the ground but in T&T the wells need a lot of maintenance to get the optimal floe rates, and when a well is reaching the end of its life you might inject water into the structure to push out the remaining oil , and it is a whole industry to get the most out.
Oil may need a lot more treatment at surface as well.
Just a brief overview, but oil is far more expensive to get out of the ground and needs much more maintenance and investment.

Grooover, I do like Miss Doyanne. I be doing up Morris Minor soes Oi can take err owt.
Yes, I had the misfortune of seeing Crossroads once.
It was the night I arrived at my Halls of Residence in London as a teenager.
I went into the Telly lounge and put Tomorrow's world on - I was the only one in there.
Ten minutes later the room was full and Crossroads was put on by the brain dead fans.
I watched intrigued for three minutes and made my excuses and left.
I have never forgotten the 3 minutes of inane drivel.
Long live Benny!

Last night the company was deemed to be worth 16.35 pence X 129 million shares = £21.09 million.
Today the company has an extra £1.1 million or so net in the coffers say value £22,2 million.
£22.2 million divided by 139,416,000 shares = 15.92 pence per share.
Okay, so a few people got some cheap shares, get over it, you too can get in cheaply at these levels.
The only thing that has happened is that the company now has the cash to finalise the deal.
All imho and dyor borrox.
Let's hope that KDNC does as well as TXP following the placing.
Breakfast looking good, I hate these mobile phones.

The cash is piling in, lots of late reported buys imho.
Dummy price to sell 100,000 instantly 13.505p.
Back to 15 pence by lunchtim, imho, we shall see soon enough.
Off for a slap-up breakfast at my local.

Let's try to keep this in perspective.
A new issue of 10.4 million shares versus 129 million in issue.
The company is still in a great position and now has the cash to implement plans.
A similar placing with TXP dropped the market to the placing price and it is up 100% after two months.
I have bought 100,000 this morning at an average price of 13.74p.
I expect to be in profit by lunchtime, but happy to wait for 50 pence on this one.
Dry your eyes and get your buying boots on.

Well that rather inhibits the Trinidad trip early next month, as compulsory isolation for 14 days upon return.
Actually, this may not be a bad thing, as you can stock up with stuff before you go and then keep neighbours and relatives at a healthy distance for a fortnight.
I wonder if they send in food parcels? Or free hotel accommodation? I could live with that quite happily.

Norb reply continued....
Norb reply
Tobin, your figures makes sense. We havent seen any sign of new investments since Q1, and after the final settlement with the tax authorities in early April. Thats why I argue they still sit at MGBP 11,7 in cash. During Q2 they have paid a dividend of MGBP 1,8 to their major shareholders from a group entity owned 80/20 which they now are merging with NORTH. This could also be the main reason why they sold +5 mill shares in TXP in Q2 - to keep their cash balance more or less unchanged after the dividend.
TXP came as a surprise 3-4 years ago, and they may pull something like that out of the hat one more time, but I expect that their assets as of today looks like something like this:

+ Cash MGBP 11,7
+ TXP MGBP 9,3
+ REACH MGBP 4,4
+ IOX shares MGBP 0,27
+ IOX Bonds MGBP 0,6
= Total assets MGBP 26,7
Total shares 119 million each GBP 0,22
Last closing at OSX GBP 0,12

As you will appreciate this is now historic in that the shares in Reach and Touchstone shares have risen, as have North Energy, but a LONG way to go to catch up with the asset value.

Norb if you get the chance to do an update, it would be much appreciated by all, thank you.

I think that lots more TXP Investors will follow us, especially if (when) Chinook hits gas!!!