Member Info for Dartron

1,500 x £19.54 = £29,310

Very encouraging. Actually I moved some oil profits in to here, and relative to the oil stock this is down less, so a good day.

Well I like the odds here. I note UJO is down a bit too. I think some people are fearing a placing, but the situation over at EUR is very different as they are now farm out partner to I3E. In fact some posts over on EUR are saying that at same market cap to EDR, EUR becomes a better investment as the serenity drill is free. This could explain some selling today.
I am heavy on I3E, so makes no sense to take EUR for me.
I think EDR must be looking around under 3 for Ev/Ebit this year? which is very good IMO.
Providing nothing bad has happened, I think this should break 3p fairly soon.

https://oilprice.com/Energy/Energy-General/Could-The-Iran-Nuclear-Deal-Bring-Oil-Back-Below-100.html

Im still not sure. Sounds like Iran has stacked a lot of oil up but these are unprecedented times.

Think it is the markets in general. Good chance to pick up some bargains like HAS. I bought this week, so will also get the dividend which more than pays for the stamp duty on the purchase. HAS is at a year low, yet the revenue and profit is at record levels. Technically it looks ready to break out to the upside, though the market may prevent this. I have left some dry powder and will buy more if we break below 120p. We also have a 100M special dividend to look forward to, which should be north of 6p. Not to mention the buy backs.

Yes my numbers were wrong, 30%. All good points, but you also have not factored in I3E, maybe they had constraints too on the timing. I doubt EOG were in the driving seat for the deal.

Can you tell me what DIFM stand for please

Incorrect epic code quoted. Europa Oil and Gas - EOG.

Liked this comment over next door:
If Serenity comes good and with Canada motoring we could buy Europa in the future if desired rather than the reverse if we had gone in with a bigger player undervalued as we are.

EUR (40% stake holder in Wressle) have become I3E Serenity fam out partner and just done a placing.
I think it is partly a reflection of the revenue being generated from Wressel.
I also think this could have delayed news here (due to placing). Hopefully green light here now.

Any opinions on EUR, I am relatively new to all 3 wressle companies since January, but liked Egdon the most.

For those that dont know there is a UK O&G resource in Lincolnshire called Wressle, and EDR have 30%, UJO have 40% and EUR have 40%. They have found a lot of gas there, and I believe they are going to be doing gas to wire (straight to a generator). But if you do the maths, they are making a fair profit from wressel currently already. EDR is only 15M mcap currently and has already bagged for me - so far on no news. Although EUR required a placing, I reckon this is another sign of the money being generated from the Wressel field. Of the 3 I liked EDR the best as it had other upside. I see the EUR board is also annoyed at finally getting in to profit and being wiped out by a placing, but if serenity goes well, it will be transformational for them.

What I think is interesting is that EUR are the f/o partner. This has been met by a slightly luke warm response on the I3E board, (bit small arnt they) but for me it is interesting as I recently invested in EDR. For those that dont know there is a UK O&G resource in Lincolnshire called Wressle, and EDR have 30%, UJO have 40% and EUR have 40%. They have found a lot of gas there, and I believe they are going to be doing gas to wire (straight to a generator). But if you do the maths, they are making a fair profit from wressel currently already. EDR is only 15M mcap currently and has already bagged for me - so far on no news. Although EUR required a placing, I reckon this is another sign of the money being generated from the Wressel field. Of the 3 I liked EDR the best as it had other upside. I see the EUR board is also annoyed at finally getting in to profit and being wiped out by a placing, but if serenity goes well, it will be transformational for them. These companies are penny stocks as they were wiped out by banning of fracking, and some uplift has occurred due to speculation of it being allowed again, given the circumstances. DYOR.

I invested in EDR same time as SQZ back in January. Both done well for me, wish I hadn't sold out of SQZ on the production news. Will buy back.

OMG. You broke the news to me. Wow. Off to read it. I am very heavy on I3E!!!!!!!!!!
(Was busy at close of day.)

Ad, the financing is for the project, not either company. The project is what will be the JV.
I should not have said Monday, I meant this week, but either way he had to RNS this week I felt.
Finance the project then the deal can conclude. I don't see any holes in the RNS.

Adw198, I think it may be poor wording or an ambiguity regarding the bank. Yes it does say that it is yet to be appointed, but then the RNS goes on to provide the information that the bank requires.. ARS then go on to explain about appointing a ITE to satisfy the bank. I guess they have not inked the deal, but I think in conventional terms, a bank has been identified and appointed - i.e. they are working with a preferred bank.

By the way, exactly what I wrote last week came to pass.

I remember him from HFD a fey years back, one of the few people I had to filter, and he never said a bad word, it was just quantity of inane comments.
Im hoping to get back in here under £3. I sold yesterday, I really didn't think this would go up with the news of lost production, I also think it looks over bought on the chart and too far away from the 100MA is has tracked so well.
I3E is my largest holding, but would like to get these back!

posted before i had finished..
I would say its all in the price now, being 25% lower than before unrest.

https://www.nordkalk.com/company/locations/

Estonia - quarry
Finland - quarry
Germany - sales only
Lithuania - sales only
Norway - quarry
Poland - quarry
Russia - sales only
Sweden - quarry
Turkey - quarry
Ukraine - sales only

https://www.nordkalk.com/company/locations/

Estonia
Finland
Germany
Lithuania
Norway
Poland
Russia
Sweden
Turkey
Ukraine

Yes Nordkalk might be affecting sentiment. I dug out the press release below for geographic areas. Personally this is 2% of my pot and I'm happy to hold and may accumulate more, even worst case most of SRC is in stable places, and seems like a good defensive business to be invested in. Perhaps the countries mentioned should do a Trump and start building a wall....

Nordkalk was established in 1898 as a limestone developer in Finland and has since expanded across Northern Europe to become the leading limestone company in the region. Nordkalk develops limestone-based solutions for agricultural, construction and chemical industries and its main products are crushed limestone, limestone powder, quicklime and hydrated lime. Nordkalk delivers raw materials to numerous industries, and its solutions contribute to clean air and water, as well as the productivity of agricultural land. Nordkalk is a self-sustaining profitable business, with a long-term track record, operating in stable and developed jurisdictions such as Finland, Sweden, and Poland.

Stating the obvious here but id say there is a persistent seller at 16p. Not been in JLP long, bought it on one of those over exaggerated drops last month, thought the chart looked like we could head back to 19p+, but not happening. Are there any likely big sellers?

I am equally concerned, and have bought twice so far on this drop, but again under water. Could it be the geographic locations, with the uncertainty of what is going on? I also have XPD European couriers who are extremely cheap at the moment, and again don't appear to be directly affected.

Is there a way of finding out what percentages of operations are in each country for SRC? Tempted to bail as so easy to make money in O&G at the moment.

Note also that BlackRock had increased their CFD position as RNS on 4th February (likely short).