Member Info for drjenner

Gaspunter, there's nothing for you to see here, you should probably move on.

I see from your earlier posts that you fancy yourself as an investor and kept your missus in good style (I did too by the way). Did you always do your research by asking idiots like me to tell you what to do?

Joe, you are right about the casing discussion of course, that's fair game. I just wanted to see if there were any views on the SP and the reason we are not a bit more stable.

When we dipped a few weeks ago I put it down to day traders, shorters and MM's trying to get some cheap shares (maybe a last chance saloon type of thing) but after spudding I thought we would be a bit more stable, who would have the cohones to short this under current circumstances?

DJ

A lot of chat today about the significance of the RNS. Fairly straightforward announcement, all as expected, no problems, on we go. i think more significant is the consistent drip of our declining SP. I hope I am wrong because I'm balls deep in Sound and after three years of holding have no other choice really but to hang in. We get encouraging wprds from time to time from JP, two weeks ago for example we received a Churchillian missive from the leader, followed by the infamous field trip and the spudding of TE-9. All great but why does the market not share at least some of our excitement? We're down 10% this week alone. I didn't expect a great SP increase just yet but surely we shouldn't be dropping like this. If our prospects are so fantastic why is the market not seeing it that way? Are they toying with us, trying to bluff us? Are the dark arts of the shorters behind this? To put it simply if everything we have been told or has been intimated is true surely folk should be snapping up shares at this level. But they're not, it's just the constant drip of decling value. We'd better hit the mother of all gas finds here or I fear we might be doomed before we get to TE-10.

Hello friends. What an f’g week we’ve had ending with the proverbial Fergie half time speech. I’ve seen some discussion about headwear and just wanted to remind some and introduce others to the immortal words of Donald Fagen and the late Walter Becker aka Steely Dan:

Ain’t never gonna do it without the fez on.......

I hope those of you out in the desert can pass that message on and make sure everyone wears one under their hard hats!

Good luck all.

For those that might remember me I’m back in the UK after 18 months working in the US. I’m glad to see things building up nicely but don’t expect to see any rise in SP until drilling starts when I hope we will see some more interest. It’s really down to the odds of success at that point, almost a straight gamble. I am in the process of moving SOU shares from a non ISA to my wife’s ISA, all £20k of it so I’m happy to see no upwards movement this week. Souls on Tuesday and hope to buy back in today or Monday. Will lose some shares along the way but that will be minor when this starts to move. Anyone sitting on the fence should take advantage now in my opinion, only a few weeks left at this level I believe. Hello to all SOU holders, have a great weeken. PS, I am not a Dr, I only play one on the SOU bulletin board.

Thanks for the explanation. When is the GSA due. I’ve seen it mentioned from time to time but I’m not following events as closely as before. Hello to all the long term holders.

Crude and neptunes, good to see you are still here. I only pop my head in from time to time to gauge the sentiment. Not surprisingly there are a lot of negative characters popping up. Obviously I'm not happy with the current SP but I've been in for three plus years so not about to sell now as I'm only even. Seems like a big change of tactics from JP, last year you couldn't shut him up now we don't hear so much. That's not a negative in my view I thought things were getting over-hyped a bit (golden tickets etc.). I will say I never thought I'd be wishing to see 50p again! I guess we are in for some news imminently. Is there an event or conference call scheduled in the near future that might give a clue to when we can expect the next tranche of news?

I'll drink to that!

I was invested in PPC a couple of years ago but sold out. I have continued to follow them however and always had an intention to buy back in just wound up with different priorities. They seemed to have turned the corner so this is a shame. It might have created a buying opportunity though for the brave!

Just bought 124k shares.This ismy second time around for PPC, sold out earlier in the year at 12p butlike the recent newsflow and expect a turn round here soon. Nothing huge until POO increases but they will be in a good position when it does.

I sold out at 2.15 a few months back at a near 50% loss and it hurt. Now it looks like one of my best trades of the year. Sorry to all of those that are still holding. For what its worth Pantheon still has potential for significant upside if you can stomach more Texas oil! Good luck all.

Passed

Sorry to see this guys, it would be nice for malcy to fess up and say he got ot wrong after all the ramping and then radio silence.

peteb, probably the next news should be about a deal with a partner which is being handled by Jeffries. Don't hold me to this but I think the RNS said January 2016 for an announcement. Of course there are risks with that but it struck me that they were very specific with a date rather than saying that discussions were ongoing.

Lucan, good point about the oil price. I've always thought of this as long term but I wasn't thinking 25 years long term! Nothing we can do about the poo but We'll see how things are in ayear or two which is well within my time frame. In the meantime if there is positive news about a partner, which according to the RNS there should be, we might see a bit of a rerate. My average is under 6p so I'm not about to throw out the bath water!

Share Prophets is a joke. The company has always been forthright on funding requirements, the announcement yesterday simply confirmed what we already know...MOIL will need funding. The search for an investor appears to be well in hand, with an actual date stated. I topped up yesterday and if I can free up some funds will add more today or tomorrow. Anyone interested in the credibility of Share Prophets should check out the recent article on Guerilla Investing about the editor of SP.

I agree, this is a kneejerk reaction to what was actually a good RNS. We have known about the funding for a long time so nothing new there. They now have an actual date to finalise a deal, that's confidence for you not the usual "we'll keep the market updated" announcement. I'm strongly thinking of taking £5k form AFPO and adding to my holding here, just don't like parting with the AFPO shares at the moment! Good luck if you do decide to buy in, it's a long term investment for sure but the project will be massive.

Deepsurvey, I agree that the funding is an issue but do you not think that it may be offset somewhat by bringing in a partner. I would expect any partner to provide funding which should reduce MOIL's requirements. Also they have strong investor backing and I have not seen it suggested anywhere that they will have trouble raising the necessary funds. In the current market I guess anything is possible and far from a slam dunk. Good luck.

http://www.proactiveinvestors.co.uk/companies/news/109295/madagascar-oil-gets-boost-as-electricity-generator-to-set-up-next-door-109295.html Madagascar Oil gets boost as electricity generator to set up next door 15:40 23 Jul 2015 The largest plant will produce 116MW and be located near to the Tsimiroro field currently under development by Madagascar Oil. Madagascar Oil (LON:MOIL) got a boost today as US power group Symbion unveiled plans to build seven electricity plants across the island. The plants will produce 180 Mw of power and use a combination of biomass, solar and heavy fuel oil as the feedstock. The largest plant will produce 116MW and be located near to the Tsimiroro field currently under development by Madagascar Oil. Symbion said it plans to use heavy fuel oil produced locally. Broker VSA said: “While providing electricity to millions of people, we see this as an excellent opportunity for MOIL which now has a new buyer for around 3-4kboe/d from its flagship asset. “ “It will improve the economics at Tsimiroro in its first phase of development since almost half of the initial 10kboe/d production target will now be acquired by Symbion without incurring any transportation costs.” In short, it is very positive news for Madgascar Oil said the broker. Madagascar plans to drill around 400 new wells in its initial phase, which will see production established in the range of 7,000 to 10,000 barrels per day by late 2018 or early 2019. It will require between US$200mln and US$400mln to fund the anchor stage of the field development. Shares rose 7% to 8.43p.

Thanks for your responses. I'm afraid I decided to cut my losses and sell after the SP drop earlier. Dumped the money into ROSE, there are some interesting rumours over there which if correct could make the company. Good luck to you all.