Member Info for Gambier

it is awfully quiet on here. Has anybody got that 10p/share that was being put out about with such confidence? I wonder what Rusptero has been getting up to recently?

So what is the basis of your purchase of UEN shares if it is not based on a metric valuation and understanding of the reserves? You weren't using emotion again were you? But keep ducking a very basic question - you can't even provide an objective valuation of a share you have bought?

So no you haven't which means you could have only bought on historic share prices. Oh dear.

I was referring to the orginal post I made a few weeks back which was largely rounded on by the likes of you. The one where my claim that oil price could dip into the 30s was laughed at but then happened. Stop deflecting from your inability to provide a metric based valuation for UEN and your analysis of reserves geology. Have you got an answer yet? Is this the twelfth time of asking?

Your emotions running high again are they? Any chance of that metrics based valuation of this share and your opinions on the geology of the reserves? You called the post RNS spike wrong AGAIN I noticed. I think you will find that I said an oil price back into the thirties could bring the SP back below 1.5p and this could be in a buy in opportunity - please check the post and you can apologise later. People like you give ************* a living.

Yes game over I'm afraid. But this has been the case for a number of years.

Depressing H1 results. None of the claimed 30 or so wells have come to fruition, just the one producer. None of the wells from last year have been fracked either. Running production down every month, should be looking at 11k to 12k bpd by end of year. No information about strategy, just another Khotin hatchet job.

Historical prices are utterly irrelevant when the facts are now completely different. RPO plans at the point of the rights issue was an assumed $100 barrel of oil and over 1 billion barrels 2P reserves. Oil is less than half this price and will not being going to $100 (if ever) for a very long time and 2P reserves are now certified at around 100 million barrels. The gas reserves have also been written off as uneconomic.

Let me know if you get 10p , that was the price the RPO experts were shouting about.

Another signifcant fall, getting close to 14,000 bpd.

Saudis are supplying oil at level that ensures low cost production removes higher cost production i.e a supply and demand equilibrium price. Tight oil was only allowed to develop at the speed it did because OPEC artificially kept oil above $100 dollars. You need to read economics 101 and try understand what an equilibrium price is. Options contracts nearly always lose money, they are just hedging against another position. So has anybody got over 10p for their shares yet?

Fracking* meaning tight oil acreage that is heterogenous and non-porous i.e. all of RPOs reserves

But oil prices are not artificially low. OPEC kept them artificially high when they were above $100, we now have prices determined by supply and demand and so a natural equilibrium is taking place. The RPO business plan was valid above $100, at these prices it cannot service its debt. Unless the oil price doubles, fracking in Russia is not economic, simples.

Production dropped again in April, so either last years wells have not been fracked and no new wells have been started this year or they are all dry wells.

Stop getting so emotional, try using logic, reason and evidence, as much as it might be against your natural tendency. You have been wrong on everything you have stated, I have been proven correct. If what I say is such rubbish people will ignore it, as you a free to do yourself. The fact that you comment on every post I make, makes me want to post more. So go ahead, you and your emotionally unstable gang can continue with your cringe worthy emotional outbursts, it only serves to make my very basic posts look erudite.

Offer your shares for sale on the new system and see what price you get, that in itself will be harsh lesson, believe me.

£4.6 million trade today must surely involve an RNS next week

Rising 3% - 5% everyday on very large volumes and very tight spreads. No RNS regarding changes to existing major holdings, so one must assume this is being traded up by independents via the free float.

Currently EXI has a $180 million market capitalisation. It will, by the end of June (H1), have a $100 million net cash position. So even with the latest 25% increase in SP, the current valuation of EXI assets is $80 million or 35p share price. That is approximately $0.16 per 2P barrel reserves (500 million barrels 2P). Recent sales in Russia have been $2 to $3 per 2P barrel reserves. So the valuations of comparable Russian oil companies is 15 times higher than EXI. This is made even more irrational by the fact that the average net back per barrel in Russia is currently below $10 , whilst for EXI nearly all of its production is at $22 per barrel - double. So EXI is twice as profitable per barrel than average but each of these barrels is being valued at 1/15th of that average barrel. Institutional investors must truly believe this company to have serious flaw in its corporate governance for them to not invest.

to UK shareholders of a private company in Russia with 90% Russian shareholders?