Member Info for granto

I have been trying to buy here today and its not easy to pick up shares in Dublin …I had orders in at 56c all day, thats 4.48 and I got a little. dublin ask was 59c just before the close, thats 4.72p… so 4.10p in London seems very very cheap. I was unable to access London today. DF has stated this morning that we are affected positively by the rouble drop because our cash is in US dollars and we are paying in Rouble. He also said the sale price was stacking up too. i;m coming in here tomorrow….keep you posted and will identify my buys over the next 48 hours…. the cost of Production here is low at $12-13per Barrel leaving $20 a barrel profit …..the main daner is if the y introduce capital controls on currency movements…..but I don;t see that happening…Russia is doomed of they pull that one.

I am heavy in here, and down 30% on this position. fundamentals are fine…people running for cover. I bought in last week so I really have my fill here.

hard to say, suppose some are dropping anything Russian.

that's me in…. i really think the market has called this one wrong. amazed to see it drop even more since I bought

and IMHO its over sell, i'm buying this today,,

its well worth a quick back of the envelope calculation for the oil wells here. certainly the Oil India part of programme is finishing in 2016. thats $45m in drilling. the later H wells, will have over drives on the them and I guess they could produce upwards of 500-600BOPD. each of course/ …not to mention the other wells. lots to look forward to.

that's a pretty good round up . Also worth mentioning that the programme includes several 1000m H wells, and Oil India intend to send the entire €45million in the next 24 months - that's some programme.

Yes thats what he said, I think he said they were starting it this week….but did he not say that last month? at least its starting.

holding up. the mighty Gazprom down 33% since the summer. the spluttering Petroneft down 10%, count your blessings

nice to see Alan taking a topup. get yourself some more mate.

I think the important things are that he mention the Arb well is now drilled and we will have flow rates in a few days, thats our RNS, don't expect excitement but nice to have oil. He did mention the T5 horizontal is delayed, thats a pity, I don't expect that until the new year. Indeed I thin he said they had just started this week……that's a long delay, so we could be looking at mid Jan if I heard him correctly. not too bad, but it is expected to be good. Happy christmas to you by the way….nearly there for Santa.

its main issue is that it will cost several billion to bring its main asset into production . A gas project in Algeria .

There was a generous offer to buy the company and this inflated the price, not surprisingly for some, the deal fell through. But the price prior to the bid was 170 today its 110. seems oversold and the CEO agrees sticking 100,000 of his own cash in today at 115. there are new issues because some files close to a conflict zone are closed off. I bought today for the first time. I nearly got in at 101, but paid 107 an hour later. the company is very secure financially and is a producer so the price drop today seems overdone IMO. gal

not an issue….Petroneft sell in the domestic market and its not connected to international prices.

I was trying to buy these a few months back just before the Dragon announcement. things were at 170 and I really don't know how I wasn't filled at the time. at 170…….can;t believe my luck!!!! I hold no shares here, but this genuinely looks very cheap at this level.

thats a bit harse this mornings sell off….ouch.

price holding well considering the sell off -

they will keep going regardless

it's only a day away, or so it says in the song. Perhaps that awaited RNS will come tomorrow.

Mostly - let's look forward to the future - within 18 months this will be in production - just think of the value then !!!