Member Info for fundraiser222

Load of rubbish it took the over 3 weeks to build the SL rig on site look back through the rns’s it was 35% built up on 25th June yet they didn’t spud until 9th July, some very naive posters on here

Be careful mate, it’s def not imminent the drill rig hasn’t even completed operations at SL yet according to the rns. It’s deliberately vague, saying they will announce when WH is spud giving no timescales or dates is imo just leaving the door open for them to say we are delaying until May 2019 due to the early onset of winter. It’s snowing in Mongolia today and -9 on sat this is not a winterised rig and Sinopec won’t risk damage to it. They didn’t even reach TD on SL after 75 days, 8 weeks until the drill season ends... too risky for me if they announce a delay in next few weeks that’s 7 months of no drilling and 3.5-4p all day long Imo

snowing in Mongolia today, -9 on Sat....and ppl still think they can demobilise the rig, move it 450km, construct it, and drill the well to td within 8 weeks? They haven’t even reached TD at SL in 75 days, 3.5-4p on WH delay until May 2019 deliberately vague on spud date

I expected the duster, they could hardly come out and sat WH is delayed until May 2019 after a duster rns could they, they need to let their mates out first lol. Anyone who thinks they can demobilise the rig from site, move it 450km, construct the rig at WH and drill it all within 8 weeks is crazy imo. It’s snowing in Mongolia today, imo they will rns in a few weeks once mates have sold out to say WH delayed until May 2019, pretty standard stuff, note rig is still on site at SL and they won’t be providing further updates until WH spuds lol they don’t fool me, sorry to all holders who have lost cash but you can’t trust Matd imo

disgraceful lack of communication

Will they still have time to drill Wildhorse? Only 10 weeks left until the drilling season ends at the end of November. They would need to take the rig down, move it, build it again on site and drill the well to TD and log it within 8-10 weeks? I personally don’t think they will drill Wildhorse this year now think it will be May 2019. But I will see what they say about it in the next rns, it’s snowing in Mongolia on Thursday and -6. I was shouted down for saying the block XX drills would be cancelled this year, and guess what they were cancelled... Mike said in January this year he would execute a 4 well fully funded drill program, so far that was incorrect. He has just about finished one well, and done a huge second placing before which the founding director sold shares then resigned, hardly the blockbuster year he promised eh

A presentation for investors and analysts will be held at 9.30am this morning. A webcast of the event will be available on the company's website: www.ophir-energy.com/investors and a dial in is available using the following number: +44 (0)330 336 9411.

The seller should only have about 1% left now judging from the volumes over the last month. That will be gobbled up today by institutional investors now they have a clear strategy for future growth along with those huge production and cash flow numbers, can see this heading back to at least 60p very quickly afyer those rns’s both excellent

Big rise on the cards here today after those rns’s Ophir, as announced today in half year results for the six months ended 30 June 2018, has an operating asset base capable of delivering free cash flow of $300 million over the next three years, a strong operating capability and potentially valuable gas assets in Equatorial Guinea and Tanzania.

Agree it’s ridiculously undervalued and will correct back towards 60p over the next few weeks imo, once the seller is clear it will motor and they had less than 3% a month ago so they must be running on fumes now, when it pops it will do 20% plus very quickly imo

Me too, this should be double today’s share price imo, institutional investors will be all over this once they see the figures tomorrow, oil pushing $80 a barrel,all time low price, UPS have an 80p price target, perfect set up for a run to 60p, buy wholesale today it won’t be this low tomorrow

At these all time lows. The company is in a fantastic position the only reason the price is down is because of the seller. But only 2.8% left and that was a month ago, I would expect them to only have about 1% left now which will be cleared easily tomorrow when the results are released imo if the seller is clear tomorrow then it’s a big big day think we will see plenty of institutional investors scaling in its a screaming buy, just added another 20k but it’s NT for anything but tiny amounts tells it’s own story, anyone selling at 38p should give up investing imo

Today ahead of the results tomorrow when imo the market will sit up and take note of just how cheap this is. Buying at all time lows is a gift of an entry price, fully expecting this to be heading back tiwards 60p over the next few weeks now the seller is pretty much out. Without the seller providing this opp the price would be nearer 70p so easy 100% upside once the seller is fully out. Looking forward to seeing the numbers tomorrow

Apologies if I missed that, I’m no troll believe me! I’m trying to work out the debt figure assume it’s in the final results? My post asking if Miton were selling was a genuine question given the low cpo price and the negative publicity around palm oil. This is a good board to read so apologies if my comments came across wrong I understand lth are at huge losses here disnt mean to offend

Unfortunately the current low cpo price and low ffb production has created a big problem for dkl as they need to service their debts first of all and I very much doubt they will be paying a dividend as paying the debts takes priority. Does anyone know how much debt DKL currently has?

Could be Miton deciding to pull the plug, for all lth I hope not or this will be 2p very quickly

Good luck

Lol it was a rhetorical question, no one knows how much cash they have as the cash burn is very high and it’s been many months since the results date stating cash position. If you think I am some wet behind the ears trader you are very much mistaken lol

And a bod who arnt interested. Looks like another aim disaster with a disgraceful bod to boot. Lots of debt also here so you have to wonder if the bod will let it fail then pick it up from the administrators... hope I’m wrong

The smart money will buy once the shorts close, and that will be about 10p, once the shorts take control they always win unfortunately for current holders this will be a painful lesson imo