Member Info for GoldAnOil

So frustrating, the first rise in ages and I'm unable to sell more than 1000!
I'm sitting on a nice profit but can't realise it.
No limit on buying though, what's happening here?

Last two days, couldn't buy more than 1000 but could sell as many as I wanted,
now can't sell more than 1000, but can buy as many as I like.
Seems the SP is being worked to lock buyers in!

...a much smaller order at 12.6p.
Let's see if that gets filled!

I think the point is that there aren't that many shares available.
I upped my buy order to 12.5 at lunchtime and it wasn't filled by the close. Very strange!

...by dropping the bid to 11p, the sales at 12p would be above the mid point, so would show as buys.
The mm's must have wanted to disguise the two large sells at 12p so as not to spook the market.
Interesting to see if there are other sells at the same price.

...12p trade was a buy.
Sell has been 12.02 most of the day so, unless it was 'mates rates', it will be a sell.
I've had a mid size buy order in at 12.3 for two days and it's still there.
Interesting to see if it gets filled tomorrow.

...believe Malcy if he told me the Pope was Catholic, I recall the many times he's pushed VOG to poor suckers!
However, I too will be dripping my RRE profits in here over the next few days.
This is not quite the best price I've bought at, but, barring a disaster, I can't see it going lower.
I don't see BH getting involved, but there are a few potential buyers out there, and we know that 20p won't swing it.

All those hoping for a free breakfast will be disappointed I'm afraid.
I was about to book a week with PI and just noticed in time that the restaurant was still closed . When I phoned to check, I was told that they hoped to re-open for food on the 18th July.
In the end I booked a nearby Marstons Inn who are doing Bed, Breakfast and Dinner.
Sorry Premier Inn, but I need to eat!

...of RRE profits will be looking for a home following the T/O bid.
What better opportunity than here. I doubt there will be a better buying window than the current SP.

Didn't see that coming!
I'd set up for a mid term haul on the back of the oil price, so I'm not displeased with the gains coming earlier than expected. The decision now is how much of my profits to put into IOG, my other North Sea holding.

Two RNS's out,
Nothing major but good information.
https://www.londonstockexchange.com/news?tab=news-explorer&headlinetypes=1,2&period=daily&issuers=CENCEY&world=issuers

"I am delighted with the manner in which the management team, and all our colleagues within our business, have responded to the challenges presented by Covid-19, particularly in ensuring the safety of our employees and the continuity of supply to our customers. It is pleasing to see that our trading and cash performance have proven to be as resilient as we had anticipated.

Prior to the impact of Covid-19 the business had been performing marginally ahead of our expectations in 2020. The last part of March and the whole of April saw our Revenues reduce by approximately 40%. The impact was approximately 30% in May and we are confident this improving trend will continue. The cost reduction measures we had already taken, and those we took due to the outbreak, have led to an approximate adjusted EBITDA breakeven position in April and May. We now look forward to a return to profitable trading as conditions improve. Our cash position remains good; we continue to operate with significant headroom to our aggregate £25m banking facilities.
We look forward to providing our next Trading Update for Q2 in July."

I can sympathise with that feeling!
PoG has fallen quite a bit on news that the American jobless figures aren't quite a s bad as expected, but the CEY price has dropped by a lot more, so not just a reflection of the PoG.
It does seem to go off on these runs , good if you have the skill to read them and trade, but not so good for LTH's.

...today, with lots of small buys. No news or reports due so what has caused that I wonder.
As things pick up, I expect sp to increase, but it seems a little bit sudden.
Something in the wind?

...be a challenge getting enough bodies into the shops to make a profit. Most CF shops I've visited are quite narrow and have only one door, so a 'one way' system will be quite cumbersome.
I'm sure the 80 stores opening will be used to trial the system and improve things with time, but meanwhile, the card buyers are now in the habit of buying and Sainsbury, Tesco etc.
Plus no dividend for at least a year and that was always the attraction. Hard times ahead I fear.

...they don't manage to lose money on these ventures North!

Another box ticked!

1 June 2020

Independent Oil and Gas plc

Award of Phase 1 Well Management Contract to Petrofac

Independent Oil and Gas plc ("IOG" or "the Company"), (AIM: IOG.L), the development and production company focused on becoming a substantial UK gas producer, as operator of its joint venture with CalEnergy Resources (UK) Ltd, is pleased to announce that it has awarded the Core Project Phase 1 well management contract to Petrofac. Confirmation of this award follows a competitive tendering process and the approval last month of the Phase 1 Field Development Plan (FDP) by the UK Oil and Gas Authority (OGA).



Phase 1 comprises the development and production of the Southwark, Blythe and Elgood fields in the UK Southern North Sea (SNS) through a total of five wells, with gas transported onshore via the Thames Pipeline. The contract scope covers the planning, execution and close-out phases of the Phase 1 drilling programme, with Petrofac intended to act as Well Operator on behalf of IOG. Petrofac has performed this role for nine other companies in the UK North Sea and has drilled over 400 wells for more than 100 operators globally. The planning phase includes detailed well design, risk assessment and management of well-related regulatory requirements. During the execution phase Petrofac will manage well engineering, procurement and logistics, assure well construction and integrity, and provide onshore and offshore personnel to support the drilling campaign.

...Nice surprise.
What caused that then?
Thoughts anybody.

Much as I hate the ramping and de-ramping that is prevelant on some boards, I do consider the opinions of those on this board and when I see a good opportunity, I like to share my thoughts with the more sensible posters.
At the moment I see IOG as a good, long term home for my CEY dividends.
Like CEY 4 or 5 years ago, IOG are on the cusp of much greater things. The SP has reached the bottom (IMHO) reflecting the PoO, (although IOG is primarily a gas prospect), offering an excellent buying window for the patient.
DYOR of course, but as a 'Buy and Tuck Away', I think it is one of the best.
Apologies to those who are offended, but surely BB's are there to share opinions.