Member Info for granto

The assets even now must exceed $1B. Cash at $275m .... Yep you got in cheap don't be down about it . The merger was at 138p . Even those assets are worth $300m now . Down from $800m . The new Tanzanian president wants the project fast tracked so there is hope there too.

In treasury they can sell them without shareholder approval . Handy asset for quick cash if ever needed .

On the basis I can't quite nail a value - I'm not ready to buy unless I got a price that made things look silly - maybe a good RNS would sway me - waiting and watching - I'll let you know though .

The share buy back was a waste of $100m seem good at the time

Popeye, we should really try to tot up the individual assets . What are they worth? Tanzania ? $350m for 20% Equ G - $ 300 m Indonesia $$ ? Other assets ? Hands up! I find it hard to value with PoG and PoO so low

I think it has been a deliberate squeeze -so at some point the PoO will rise again. December ? I think it's a two year project . As for Ophir? The saving grace in Tanzania is 1,the Capex hasn't started and is unlikely to start unless fair play exists with the Govt 2, the other partners BG /she'll, Exxon , Statoil, all have clout . It's years off in any Case . Meanwhile .... Progress is being made in the other areas . Solid news coming .. 3D sues mix results from Several locations finance desks . Refinancing of debt . Reserves upgrades . Gas pumping In Indonesia next autumn . ..pity they didn't get lucky on the recent wells but the second one did hit a small vein of oil perhaps there is some hope there ! Ophir accounting is a bit confusing ( I am being kind ) , can't believe E & Y don't ask them to use Net production for oil - using gross figures when you are a 10% stake holder in a 2000 boos well is a joke ! This is a low cost producer -safe as houses IMHO

Oil./ Gas If you think about oil for a moment. In 2015 we have had very little spending on Capex globally . And huge cutbacks planned for 2016. With natural wells declining by 5% annually ,we are assured a decline in production as long as prices are at these levels. 1 in 20 wells will be drained in 2016 with less replacements . The fracking industry is weakening . Not to mention small producers going under .I will be surprised if prices keep dropping or even stay at these levels . I'd PoO rises this company will boom. Meanwhile it's well protected with a fine war-chest and some fine assets. .

I bought in here at 123p average and sold the majority of my shares at the very top of the market 167-171p. I sold my remaining shares at prices between 100p and 120p. So I'm out of it for now , but I am itching to get back in. I must admit I am surprised how this has collapsed to these levels . Just imagine how our JV partners. Must feel after getting our shares ?

To bottom . Solid company . No debt

I think we have a major investor offloading . The Tanzania government is corrupt as the worst Govt imaginable and this is the problem . They see western outsiders as thieves . The laws taxation laws there are punitive to say the least - layer after layer after layer of tax . They hope Oixes just abandon the project , no they hope they do the Capex and then leave . From the moment this law was mentioned - the SP here has nearly halved. Oversold ? I think so but it could keep falling

Investors will await the next RNS and judge RR on it. Early days in the ramp up.

84p. It seems oversold after two bad drills .

looks like a short term break even company. That said, they have huge reserves, production facilities and infrastructure already built. If PoO ever returned this would be a $100m company. It is all about PoO here.

For high upside PTR offers a good bet I recover of PoO . It is up to you

4% increase in production should add add about $7m, but drop in some $7 for the restructure financiers and lawyers and hopefully we will still have $116m profit after interest payments . With Net debt hitting $800 after the bank bust . It's a tight one. Next two years is about balance sheet debt reduction . Even at these low prices for irons $230m annual net profit should be there .

Easy enough to calculate . Sales consist sky , softening of price by 5% in H2, currency strengthened locally but only by 4%, but oil is 20% cheaper . So what are we looking at $116m Earnings before tax for the 6 months . That's a fair drop back from the $140m approx for the first 6 months .

Fantastic company but the CEO is damaged goods. He'd be better off stepping back and becoming company chairman . Bring in a German CEO with good credentials . SP would double . But Ukrainian men are not made that way - sadly

The president has denied claims that the Uzbekistan athletes took drugs at the London Olympics. He told reporters 'It is a well know fact I pay nobody for anything, and to suggest we would pay for performance enhancing drugs is laughable, for gods sake we won't even pay for the gold we steal off people '. …..ah i need a bit of satire.

in process . I gather some already sorted months ago ..

the PoO has really left this one in No-Mans-Land. However investors should count their blessings as this company would have gone under only for the FarmOut, or FarmIn. It managed to clear its $30m crippling debt, plus got $45 in Capex pumped quickly in. Ok, it's just about break even at the moment but it does hold huge assets in waiting….