Member Info for emil11

"We have hedged approximately 50 per cent of 2018 oil production with an average floor price of US$58/bbl and 27 per cent of our UK gas production at 47 pence/therm"- so oil and gas way above hedged-big drop in share price but because hedges upside and down side should be limited imo.

So today was at $71.3 low and you predicting that may drop 1-2% more.You should short it and make a packet ;-)

Serve them well. Afren cost me 12k and this 6k-not much by many but still...hope here ex-executive will get piece of that action too.

I think shorters are closing or trying. On day of account announcement shares were heavily sold and since then 4.7 mil shares changed hands but free float is ca.2.5 mil. So PI sold for massive loss(but according to this board pi were buying and ramping) or somebody shorted this stock and maybe expected similar situation that in CAKE (patisserie) placing at massive discount???imo dyr .

So wagamama have 190 sides so they pay ca.£3mil. per side. Ceo of RTN is very brave?? (or reckless) with Brexit and interests rises and expected slow down of economy?? Good for Duke capital-they paid £215 mil. in 2011.
Time will tell..imo

Cash burn ca.$5.7 mil. pa. so ca.$500k per month and at end of June they have $2mil. left so by the logic placing in 2 weeks time 100% assured imo dyr

Company does not expect any value to be distributed to shareholders following completion of the sale of Flow Energy Limited-after paying creditors no dividend for ordinary share holders from sale-nothing new.
I was just hoping that we get relisted and before 1 November 2018 we undertake a reverse takeover and company can survive.

From 2016 RNs when they did placings:

"Ghanaian Ministry of Petroleum (the "Ministry") that the Ministry is available for negotiations on Clontarf's proposals for amended coordinates of the Tano Basin block which we originally applied for in 2008".

"Clontarf and its partners have been offered revised Tano Basin acreage coordinates by Ghanaian officials, which we have accepted in principle".

"Negotiations to formalise a revised Petroleum Agreement between the Company and Ghanaian officials will continue as agreement has yet to be reached".

So as of now CLON have no licence at all and it's in negotiation over it from 2008!!!
In past RNS's they state that "offered revised Tano Basin acreage" witch we don't know what area are in discussion now.
And all this "progress" from 2008!!!.........to be continued!!!!!!

P&D by directors to push placing shares. Even Ghana "progress" is in doubt now- no taking part in placing by directors??? when this share is going in "places"???They still need Ghana agreement with GNPC to be sent to Cabinet for review then approval and then has to pass trough parliament so they are still in this same place as for last 9 years.

You are right but people who hold still GKP, XEL, ROH from dizzy heights-what return on their investment!!!??? Where are they now???Very expensive lessons for everybody!!!!

Did little research and as of February 2012 Gkp had ca. 855 mil. shares in issue and @ £4.65
GKP=£3.975 billion mcap. at peak.
Rockhoper peak £5.50 in September 2010 with ca. 192.5 mil =£1.058 billion mcap.
In $$$ that ....

skier1-you are right but you have to remember that they spend £230k p.a. to run CLON-very little by AIM standards so no need for big placing atm imo.
Their previous financial statement publicly said "It is virtually impossible to raise serious money" till they have no project it's difficult but not now.
Just look @JOG for comparison-from when farm in with Statoil was announced and when they raised money £10mil. no problem!!!

I think he mean 2* 9996 @13.59

More on it. On 25 July DB sold his 19% stake (RNS) and on 26 July Peel Hunt was holding 10.4% (RNS) but volume on 25 and 26 July was ca.700k and 2.6 mil. How you menage to sell ca. 40 mil. In 2 months you couldn't!!!
So how??? otc, "gentlemen's agreement" ,magic????
So 19% of company shares changed hands off the market at undisclosed price between DB and Peel Hunt-what of cozy deal is that???And this stuff is legal??? It's not market manipulation or market abuse when shares in public traded company change hands behind closed doors???? imo dyr

You hit the nail on the head MissGolightly!!! I think that contract win announcement on 29 August make placing possible!!!!- total share volume from May 2016 to May 2018 is ca. 170 mil. !!!!!!! How sell 933 mil. shares to pi when 2 years volume i 170 mil.!!!???? Presto- Mayor contract win and volume for 29 August is 181mil.!! Mister DB dumped his shares (RNS) Peel Hunt dumped his shares (RNS) and who is holding????
As MissG. pointed out mayor contract wins don't poop out of the blue but this one did and when was most needed!!! This contracts wins states:
-"expected to deliver at least £3.5 million"
-" expected to provide significant revenue opportunities"
EXPECTED-nothing stops CEO to issue statement in the future that contracts are preforming below BOD expectation!!! IMO dyor!!!

My eyes!!!
I read and re-read this post 6 or 8 times already and I'm going to look at it few (5) times more. It just hit me:
"Therefore my feel for this is I believe correct and leads me to believe the placing was agreed several weeks ago and whilst negotiations were ongoing and share were being subscribed for the sp took off following the RNs on the 29th August 2018". Best part. I'm so stupid!!!

Your post @ 21:32 it's ....great!!-eye opener to my.

Definitely I don't need to buy tomorrow!!!! -

I'll be selling tomorrow!!! Just wonder now who else they didn't pay!!!! for months!!!
How much company will have left after placing when they pay standing bills!!! Probably mil £1.5 max. more likely less!!!
And do we going to see any BOD member taking part in this DELIGHTFUL over-subscribed placing!!!!!!!!!!!!!!
Total pi** taking!! pi** poor management!!! imo dyr

Came from work- nice NOT.-£1k poorer!!(only good think I'm lightly invested ;-) Massive placing and massive discount-f**ked pi thanks BOD.
MrTriumph i think you are right "........placing in particular ..... unless company was facing bankruptcy!!!!!!!,that clearly was the case here"
BOD-". Directors have agreed for a portion!!!! of the fees and remuneration..settled through the issue of the Fee Shares".