Member Info for DD77

So what happens if they decide to move away from AIM? Would existing shareholders receive anything? Or is it more likely that they'd go into administration and then go private?

Wasn't expecting such bad news. I'm not sure it's even worth selling at these prices now though

Drilling is underway but any developments thereafter should be shelved for the time being. They're only flow testing atm

I don't see any benefit in PMO selling assets in the current environment - any acquisition would be speculative and significantly undervalue the asset, at these levels. They should look at conserving cash (delaying Alaska), re-negotiating/delaying BP asset purchase and negotiate leeway with banks. There's little point in them doing the cash raise with new shares at these levels. They need to ride out the next 3-6 months before they can look at carrying back on the path Tony had put PMO on

Up 20% on no news?

My £2.5k order with Halifax has finally been fulfilled after a 3hr wait @ 29.42

Thanks for the advice shardster, i've got one of those trades waiting to be fulfilled..........2 hours now. Might give your advice a go. What did you end up buying in at?

Good work, I also topped up but mid morning at 74p. Might do so further tomorrow.
I've read the recent year end RNS and am not too concerned. Obviously there is a blip at the moment, but i'm hoping/expecting it to be nothing more than this, and things will pick up in Q3. One question though - does anyone know how much PMO have hedged for this year?

I echo your sentiments Pascha, it was certainly an expensive, and in hindsight, disastrous foray. The most telling thing is Marken generated £858k revenue last year and a staggering £1.9 million operating loss. That's a horrific headline number, and whilst I haven't been able to divulge what that is made of, it's certainly a relief to be out of this business line. We received merely £265k for the business, so it says a lot about it's worth.

Anyway, no point dwelling over the past, but hopefully this draws a line in the sand and we can now move forward with greater focus and agility as a company. I don't expect the SP to rise much though, because we'll need to raise more cash at some point this year

It’s not held past 30p, so tomorrow will be an interesting day to see if this push can be sustained

As with all these things, the answer lies between the 2 extremes. I appreciate betterupthandown's views, they offer a nice balance to the more excitable posters, who get carried away.

The 20% additional shares will have been priced in, so don't expect a big fall in 4 days time. The fact the SP has risen on the back of the discounted placing, the additional shares and the shake up of the board, shows the positivity behind the moves and what lies ahead. However, cashflow is always an issue, and I never begrudge anyone taking a profit. I wish I wasn't tied up with work matters yesterday as otherwise i'd have top sliced. I now feel i've missed the opportunity to do that and am reluctant to at this level (want it above 7).

This may drift back over time unless there's further news - AIM shares often need constant source of positive RNS to sustain rises and interest, otherwise they drift lower over time

Well it appears the momentum is continuing, which is both surprising and great to see. Onwards and upwards...............i'm just wondering if something is happening in the background, and some groundbreaking deal is to be announced

Interesting that Invesco are reducing their stake here, as well as IP Group, both big Woodford favoured companies. This may continue to put a drag on the SP until they feel comfortable with the level of stake they have

I hope so, I have believed in this company but my belief has wavered somewhat, having first invested at £1.20. My average is about a 3rd of this now, but still well underwater. There doesn't seem to be any drive in this SP, but perhaps we have now found the bottom

It's another step in the right direction. People expect companies to turn things around instantly, which is hugely unrealistic. It's like trying to turn around an oil tanker, and we're gradually seeing positive moves now. The FCA resolution will be next on the list, but given the huge turmoil in this sector and the number of sub prime lenders going to the wall, PFG are doing rather well and should come out the other side in a better position. I still think the SP is significantly undervalued here, there's clearly still an overhang and cloud of FCA

Interesting RNS with the JV on cell and gene therapies. Another step along the way to commercialisation

Robpug, I agree that we are likely to be taken over nearer to first oil. The sale of the Egyptian business simplifies the business and once OM arbitration completed, it will be a simple play for one of the partners.

Robpug, I agree that we are likely to be taken over nearer to first oil. The sale of the Egyptian business simplifies the business and once OM arbitration completed, it will be a simple play for one of the partners.

I'm not surprised, I wouldn't respond to your drivel if i was them either

Something is definitiely brewing here...........the sharp rise on the back of the small raise is noteworthy. How far it will go, remains to be seen but these are small steady rises in SP. Very encouraging

The only thing that concerns me about the ARCM stuff is that because the hedge funds own 40% of the debt, they can block any debt restructuring. Is there anyone with any greater knowledge on this able to offer comment/thought?