Member Info for GaryMegson

Well something has brought out the buyers so far today....lets wait and see

Lol zooropa, indeed oversold now but hey if no news comes it is only going one way. Oh well at least you sold some :-)

Yes RSI and MACD indicators look good. Looks like the spare stock has been picked up will be interesting to see how quick they move this back up.

http://www.proactiveinvestors.co.uk/columns/broker-spotlight/10916/broker-round-up-part-2-including-archipelago-resources-aureus-mining-ormonde-mining-plethora-solutions-mediterranean-oil-gas-10916.html Liberum Capital sees “obvious” upside to its 22 pence target price for Mediterranean Oil & Gas (LON:MOG). “There is still very significant (and obvious) potential upside to our PT from Ombrina Mare 2P reserves (+18p) and our EMV as other exploration drilling activity draws nearer (+16p),” said the broker, which has a ‘buy’ recommendation. 

Have a listen to the Genel webcast from 48 minutes in you have not already. http://cache.cantos.com/webcast/static/ec2/4000/5275/9523/10498/ArchiveWindows/default.htm?mp=1&bw=300. Mog & Genel state that they expect this to be signed off by end of October....we shall see!!

Still a few sellers(traders no doubt!) about but its the bigger buyers i'm interested in. Hold tight and GL

Yes but until the Maltese approve this and Genel are all signed up its probably not going to make much difference to the SP.

Independent Evaluation of Malta Offshore Area 4 RNS RNS Number : 6141O Mediterranean Oil & Gas Plc 12 October 2012  Mediterranean Oil & Gas Plc ("the Company", or "MOG") Malta Offshore Area 4 (Blocks 4, 5, 6 and 7) PSC Independent Review of Eocene/Palaeocene Prospects Mediterranean Oil & Gas Plc (AIM: MOG) is pleased to announce the results of an independent evaluation of Malta Offshore Area 4 ("Area 4") currently owned 100% by MOG through its wholly owned subsidiary, Phoenicia Energy Company Limited ("PECL"). PECL entered into a farm-out agreement with Genel Energy Plc in August 2012 to sell 75% of PECL's interest in Area 4. This farm out is conditional on approval by the Maltese authorities, together with the grant of a minimum one year extension of the first exploration period of the Area 4 Production Sharing Contract. Following the acquisition of 1,012 km2 of long offset 3D seismic data on Block 7 of Area 4, ERC Equipoise Ltd ("ERCE") has carried out an independent review of the undiscovered hydrocarbons initially in place, Prospective Resources and the geological chance of success associated with Area 4. The review was carried out using the March 2007 SPE/WPC Petroleum Resources Management System ("PRMS") as the standard for classification and reporting. ERCE is an independent consultancy specialising in geoscience evaluation, engineering and economic assessments. The ERCE evaluation of the identified traps highlights four structures at Eocene/Palaeocene level that exhibit sufficient technical maturity to confirm Prospect status under the PRMS. ERCE has carried out an independent estimation of Prospective Resources and geological chance of success ("COS") for these Prospects, which MOG has named: Hagar Qim, Tarxien, Skorba and Dalam. The reservoir analogue used is that of the Tunisian El Garia Formation. Based on seismic mapping character, an alternative, higher risk, 'reef' model is also proposed for the Tarxien Prospect. ERCE has also estimated Prospective Resources and COS for this potential outcome. ERCE's estimates of the unrisked gross Prospective Resources and COS for the Prospects in Area 4 are presented in the table below. ERCE estimate that the mean unrisked Prospective Resources for the four Eocene/Paleocene Prospects is 260 MMstb, with an additional upside of 27 MMstb in the case that the Tarxien Prospect proves to be a 'reef' model. Summary of ERCE evaluation of gross unrisked Prospective Resources and COS for the Prospects in Area 4 Prospect Reservoir Unrisked Prospective Resource (100%) COS (%) Low (MMstb) Best (MMstb) High (MMstb) Mean (MMstb) Area 4 Hagar Qim El Garia 34 87 210 109 12 Tarxien El Garia 18 42 95 51 11 Skorba El Garia 17 39 85 47 9 Dalam El Garia 20 45 96 53 7 Total El Garia

I dont have L2 either just looking at charts maybe 13p is before bounce we shall see. Volume doesnt look massive either unless delayed end of day trades to show up! Testa looks well connected and Russo may have done what he needed to do in changing this ships course.Michael Seymour holds about 5% shares so will be interesting to see if he carrys on holding. All in all i can only see progress being made here and in around 6-12 months you will say why didnt i buy more (Which is what some people said the previous 6-12 months).. AIMHO

Totally agree. But chart indicators looking a lot better now. RSI was in overbought teritory. Selling volume not high so once buyers return we will continue onwards. good time for any topups (made one myself earlier) imho

Pages 39-42 Malta http://www.genelenergy.com/admin/resimler/detay_resim/reports_presentations/101012_capital_markets_day.pdf

11th October, 2012     Mediterranean Oil & Gas Plc ("the Company", or "MOG") Director and Management Changes   The Board of Mediterranean Oil & Gas Plc (AIM: MOG), today announces that Salvatore Russo and Michael Seymour, Non-Executive Directors of the Company, will step down from the Board with immediate effect.  In addition, the Board is pleased to announce the appointment of Enrico ("Chicco") Testa as a Non-Executive Director of the Company, with immediate effect. Enrico Testa is Chairman of the Board of Telit Communications Plc; Chairman of Assoelettrica - the Italian Association of Electricity Companies; Director of Idea Capital Fund SGR; and Director of Cadogan Petroleum Plc. From 2003 to March 2012 he was a Director of Allianz S.p.A and from 2004 to August 2012 he was Managing Director of Rothschild S.p.A. From 1996 to 2002, he was Chairman of the Board of Enel S.p.A., the leading energy provider in Italy. From 1987 to 1994, for two legislatures of the Italian Parliament, he was elected to the Italian Parliament Chamber of Deputies. Enrico Testa, aged 60, currently holds and has held the following directorships during the last five years: ·     Current Directorships: Assoelettrica, Base Per Altezza S.r.l., Boostt B.V., Cadogan Petroleum Plc, Domotecnica S.p.A., Energie Valsabbia S.p.A., Ergycapital S.p.A., FB Group S.r.l., Idea Capital Fund SGR S.p.A., Intecs S.p.A., and Telit Communications Plc.    ·     Past Directorships in the last five years: Aicon Yachts S.p.A., Allianz S.p.A., Forum Nucleare Italiano, Roma Metropolitane S.r.l., and Rothschild Italia S.p.A.   Further, the Board is pleased to announce the recent appointment of Athar Akram to the new position of Group Financial Controller, an increasingly important role as the Company progresses its growth opportunities. Athar is a UK Chartered Accountant and brings more than 30 years of experience gained internationally with BP and with PwC. Keith Henry, Chairman, commented:   "I would like to thank Salvatore for his very valuable contribution to the Company since our IPO in 2005.  His insight, guidance and support over the past seven years is very much appreciated by all the Board.  I would also like to thank Michael for his significant contribution and support to the Company since the financial restructuring in May 2011.  On behalf of the Board I wish Salvatore and Michael well for the future. We are delighted that Chicco has agreed to join the Board.  He has deep knowledge and experience of the international energy sector and I am confident he will make a very valuable contribution as we take the Company forward in 2012 and beyond." Save for the above, there is no further information that is required to be disclosed in accordance with Rule 17 and paragraph (g) of Schedule 2 of the AIM

Snippet from Oriel's comment on Genel's update this morning ... "Genel holds it’s Capital Markets Day this week when it is likely to update the market on production guidance, Miran developments plans plus the exploration programme that includes new licences in Malta, Morocco, Cote d’Ivoire and Somaliland. "

If you havent already check out this chart. http://www.4-traders.com/MEDITERRANEAN-OIL-GAS-P-4005640/technical_analysis-full/

http://www.medoilgas.com/resources/Investor%20Presentation%2024%20September%202012.pdf

Thanks to Repo. Worth a look and a listen. http://www.genelenergy.com/admin/resimler/detay_resim/Half_Year_Results_23082012_FINAL.pdf Towards the back of the presentation Malta. 25 minutes onwards on the audio. http://www.genelenergy.com/index.php?sf=video&k=287 The finance guy said earlier that there was a lot of decent potential out there for exploration and Genel landed on Malta as one of the three areas. The speed with which they moved suggest they like it a lot. I don't know what Leni we're doing, but would suggest they had taken their eye of this particular ball. Of course materiality to Genel and materiality to MOG are quite different beasts. Genel's market cap at 16.bn at 750p is close on 30 times our little MOGgy's 56m at 13p. The latest MOG presntation puts the first prospect, Hagar Qim, in the resource range of 130-200mm bbl range. With a figure of 1.3bn bbl likely prospective unrisked resources.

http://www.ft.com/cms/s/0/c5356a52-0717-11e2-92b5-00144feabdc0.html#axzz27ViGfxnD

They want your shares

http://www.independent.com.mt/news.asp?newsitemid=151068

http://www.maltatoday.com.mt/en/newsdetails/news/national/Mediterranean-Oil-Gas-to-spud-Malta-oil-well-in-December-2013-20120917