Member Info for Desmond45

No longer NT to sell in volume. Looks like the tide is turning (no pun intended). Can see this finishing blue today as traders pile in. GLA

My buy at 11.30p showing as a sell FYI

Indeed, it’s all going to end in tears and arrears IMO

The nature of the rise breeds confidence too. It isn’t a +50%-100% in one day type of share, followed by a huge retrace.

Solid sustained daily gains underpinned by extremely valuable production in an increasing oil price environment. The perfect storm - I’d be surprised if we are not testing all time highs following the presentation from Brian. What a job he and the team have done in recent years.

In my opinion, this is still grossly undervalued at £33m MCAP. UOG are producing over 3k boepd with a drill currently ongoing and another funded development drill after that, they could be looking at 4K+ boepd from Egypt within a couple of months. Not to mention another 30 odd targets with 80% success rate which are cheap to drill and funded by current production. Selva gas in Italy is also coming online later in the year as per Prospex oil and gas RNS the other day. News on farm out in Jamaica at some point in future too.

Compare this with the likes of RBD who produce around 250bopd and are valued at the best part of £50m, or 88E with no production and valued at £60m. Really is a no brainer, the low shares in issue mean that even though the SP is climbing, the mcap isn’t inflating that quickly. Loads of juice left in the tank yet.

Good luck all, could be a wild ride

Massive news 2p today. GLA

Agreed bigdouble, looks like the last knockings of the 114m warrants being sold off. Will motor upwards from here

Costs spiralled from $1.4m to $4.1m over a week delay? Something fishy!

Harrier no longer being drilled this year. No surprise there, that will be the jam tomorrow for next year after Merlin isn’t commercial. It’s all so predictable!

Dividends early 2022! Going to get loaded up here ...

Yes Derbon, Paul confirmed this in the directors talk interview today. Results are imminent essentially so people on the side lines will likely be scrambling to get back in I would expect.

Up nearly 20%, blockbuster RNS tomorrow???!!!! Possible leak??!

Sellers cleared back to 1.8 by the weekend GLA

Yes most of the green stocks appear to be rebounding, PHE up 12%. Think the traders will pile in here

Tide should start to turn tomorrow after the presentation.

It isn’t NT to sell on II

Looks like the bottom is possibly in. Bounce on the cards perhaps

Altair are clearly dumping their 114m warrants. This has a lot further to drop. I’m sure fair value will return soon enough though.

Is anyone up to speed on the Italian gas assets? Is it still just awaiting sign off by the minister?

Bed and isa is a process undertaken by your broker which transfers shares from your trading account into your ISA. It involves selling the shares and repurchasing them almost immediately (sometimes you lose a few shares as the price isn’t always exactly the same). The reason for doing it is that placing shares into the isa renders any subsequent £ gains immune from capital gains tax, which they otherwise wouldn’t be in a standard trading account. The maximum limit of transfer into the isa is £20k per financial year.

Frustrating/Annoying delay. Was hoping for a blockbuster test RNS and £2+

Paper hands selling for the short terms. Nothing much else has changed, primary targets still haven’t been tested. Time to sit on hands for another month.

£490m in proven reserves excluding casca deepish and chinook, VS a mcap of ~£300. Plenty more to come - smart folk will be hoovering up.