Member Info for Genghis15

I haven't picked a date b4, but Reverandy, if you're there, put me in for 21 October. Macmillan cancer care.

All good stuff, Bartle, but in our neck of the woods the Norse gods rule. Keep up that Greek nonsense here and it'll be the wrath of the Thunder God for you, and no entry to Valhalla at the weekend.

"AM sea-trailling imminet? Hmmm....." Care to elaborate?

I tried an emetic once but I couldn't keep it down.

Poo has barely dropped, really, Ok, it's off its peak but still at the same level a month ago. CA selling may have kicked this off but recent falls are more to do with general market jitters over Italy etc than anything oil specific.

http://www.oilcapital.com/conferences I hope to get along, tho it's a bit of an early start for me . I've been B4 and Oil Capital is usually well worth it. Fwiw I recommend it to anyone who has never been, opportunity to listen to, and mb talk to, industry pros and individual companies.

fair enuff

silo, thanks for link. I see those are NPVs, which are a valid enough calculation but rarely if ever reflected in SPs or even TO values. I would take them with a pinch of salt, and discount them by at least 50% in arriving at any SP expectation. Great potential here nevertheless, I just don't want to get carried away and over egg expectations.

"Genghis you are getting it wrong look at the caps rather than the share price, SDX is a �100million+ mcap so for it to move almost 50% from 50p to 75p in a few weeks was incredible. But you are missing the point, the point is patience pays aslong as the fundamentals are there, 2-3p targets are very realistic on our �20million mcap as it would only take one of our 6 current drills to land to achieve it." I don't think I missed that point, I was responding to your statement about the SDX SP "going nuts". I would not disagree with what you say above about RBD.

I would expect some sort of operational RNS this week, certainly before the AGM. The arrival on station of the PBLJ must be RNS worthy in itself imho.

I am very wary of such comparisons. Infrastructure in place, production history, all sorts of things affect such prices for OIP. there is great promise here but imho assigning those sorts of values to OIP is speculative in the extreme.

Discount those values heavily. However, that still leaves a lot of upside.

Well, well, missdosh, a familiar name.....

It does the same withy � signs. GBP, that is.

chrishutch Are you planning to attend Oil Capital, or is anyone else here?

Older "current transaction buy values between $8 and $15/bl," Can you pls say where these figures come from?

Weapon " then all of a sudden it went nuts." No it did not. It went from c. 50p to c. 60 to 65p, and drifted back. Hardly going nuts, compared to the multibag forecasts here. I have a stake here, but some of the expectation is, well, nuts.

That's an offer of funding. It is a positive, but hardly transformational news. It will be conditional on drilling success, and on commercial terms no doubt advantageous to Moroccan interests.. So it hardly moves the dial on the investment case, not to mention being 6 month old news!

I can see little reason for CB holders to convert at this stage while sitting on a very comfortable 7.5% yield, with 2 years interest safely in escrow,. and potential huge further upside in the shares. But wtfdik, I am not a bond trader. My bet, however, would be for further offlloading by CA.

The Typhoon licence has been surrendered. Whirlwind will form part of a GLA, I imagine, once a gas solution is in place. Assuming, of course, appraisal confirms gas not oil.