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nice rise.

I think the mine will produce a profit of €20m a year, lets remove €10 to pay back the finance. that's a net profit of €10m, so we wake 30% of that €3m a year. I think that makes the current SP look cheap….

taking a closer look here….. interesting

most are averaged here a 5p I guess, newbies, maybe 3.5p. But all the hard work is done. It's not expensive at these rates.

but I can't buy in to that chart , well done BTW, I was too late.I think ?

XTR is a better share. Don;t blame you good call. I am sticking here for the H wells

I would like to know if T-5 is pumping again on the pump or natural flow, the RNS did not say which. Also why the production figure was 1950 if T-% is back up and running?. I wold also like to know how much money we are spending of that $45m farm out cash. I would also like more details on all the 3D and 2D surveys. It would be nice to see the website updated, as some sections are discussing plans for 2013 ( which has passed in case the BoD have not noticed). I am happy with there BoD but not happy with the way the communicate with shareholders. I don't see them buying more licenses, indeed I see Oil India doing a JV on license 67.

1, major shareholder sold. 2, share buy back scheme stopped . 3 uncertainty over merger

Anyone else confused ? If the T5 well is filling the 25km pipe , does that mean the electric pump cable is fixed and we are back pumping 400bopd from the well ? If so why is daily production still at 1950 BOPD ? Unless 1 , they don't count production that is only pipe filling ? Or 2, the are filling it with natural flow rate of 100bopd , or 3 they have fixed the pump but didn't tell us 4 they haven't fixed it Totally confusing RNS , my guess is ? They have fixed the cable and we are pumping 2400 a day but they are not counting the oil while it is filling the 25km pipe.

The successful drill is 2.5km from the S-372 well, it indicates that there is a seriously big oil field there, the disappointment was the flow rate of 100Bopd and slightly smaller Nett Pay meterage. But it is a result - not two ways about it. Onwards..

par for the course.

sell if you like, the directors are buying.

same as me, traded as I went and saved my skin, a lucky escape all told. I should have be mauled here.

the vote going to be close, I never believed it would be a close call. A no vote made in frustration would have left us stranded and looking for a lifeboat. It just shows, you can have a prize asset, but if is requiring funding to get it into production, the funding provider is always the king. the old expression 'Cash Is King' is ever so true. I am down 25% so its not a complete disaster, maybe I can recover that

all said, there seems little point selling at this stage with the SP where it is.

the management of Ormonde have let me down. Suggesting we were not diluted is disingenuous when we lost 70% of the mine. Add in that Oaktree are taking a fee of €1,00,000 a year for nothing , that's the same fee Ormobde gets paid for managing the entire mine - means we are getting ZERO for managing the operation . Oaktree and ORM Management cream the first €2m each year , plus interest for Oaktree ( at commercial rates ! ) what's left is a 30% share of remaining profit of ourselves and the potato farmer DAVY brought in . Wow ... I hear your pain

hardly off the radar stuff . Steady as we go - things are getting better , takes time. The RNS should have 1- S373 result - a positive one but no record breaker 2 pipeline for T5 complete 3 T5 back in action 4 Arb wells going as normal 5- new wells spudded . 6 hopefully seismic results but I doubt it The market reaction will Be unchanged . No leaks - just my reading . I do think the next financial results will be better than expected . Given the drop in POO PTR were blessed that Oil India came onboard otherwise I fear we would have gone bust . So be grateful

sounds like with with have the S 373 result and its ok.

I see Ormonde are getting a €1,000,000 a year management fee. BUT wait that's this Oaktree decided to give themselves a €1,000,000 annual fee as well ( for keeping an eye on Ormonde ) What ? that's BS!. It is buried in the offer RNS. That adds another 5% to their share holding right there. A director in situ and three supporting Non executive directors would cost no more than €200,000 maximum and you'd get the cream for that. €1,000,000 a year of 'overseeing' the product is a joke. thinking of voting No. anyone else ?

seems are stuck here . Comfortably numb