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Most oils are down and this is up 5.75%: someone know something?

Probably a bid target once the warrants are out of the way. IMHO DYOR

Good update - looks like a proper business now.

http://www.cornishguardian.co.uk/Eden-Youth-Hostel-set-open-week/story-23228261-detail/story.html

Yep! I reread everything yesterday; I am expecting that we shall get some news on the trials for CD4 pretty soon. It looks like other people think the same. IMHO DYOR

You think that Russia is the reason for the drop? I would expect that any drop there would be offset by the change in the $/GBP exchange rate in the last few weeks.

Somebody knows something!

Anything interesting said at the AGM?

Sudden flurry of activity. Some news in the offing?

Agreed on the review. I think there are a lot of quick, easy wins in the old Melrose Egyptian portfolio. Maybe they have gone slow there because of the Arab Spring and Muslim Brotherhood thing. The Kurdish well result should be out in October.

A potential interim CEO if one is needed quickly and links to the Russkies. Might help with a potential sale.

Will have made it clear that they expect the investment to show returns and won't put up with any distractions. I expect the price to start moving up now: partly in anticipation of moving to the main market.

http://oilprice.com/Energy/Crude-Oil/Oil-Sale-Boosts-Kurdistan-As-It-Signals-Move-Toward-Independence.html

The first tanker went to Israel and they have paid. Apparently there is a tanker off Morocco waiting to be unloaded. The Kurds are in discussions about issuing bonds backed by oil revenues: so it is getting there. The Kurds were due 17% of oil revenues from the Iraq Government who reduced it to 10% and then have not been paying any over since January. The pipeline south from Kirkuk is out of service (it has been blown up) so the only way out for the oil is via Kurdistan. The Kurds have linked production from Kirkuk into their pipeline to Turkey. The US is committed to a unified Iraq but it doesn't look to me like it will continue. I can see US public opinion being happy with the US acting as the air wing of Iranian brigades and Shia militia acting in Iraq against ISIS. The Kurds are pretty much the only card that the US has left to play. I expect that they will start supply ammunition, anti armour weapons and helicopters to the Kurds pretty soon.

http://www.dailysabah.com/energy/2014/06/23/first-payment-for-the-kurdish-oil-shipments-received-82328232

KRG has already been paid for the first tanker. Money is on deposit at a Turkish bank.

http://online.wsj.com/articles/iraqi-kurdistan-plans-to-increase-oil-exports-1403002812

Not much chance that ISIS and the rest of the Sunni uprising will get anywhere near the Kurd oil assets: suicide bombs are a possibility. Kurds should come out of this with greater autonomy, including making their own deals on oil and not having to export via the Iraqi national monopoly. WW have improved the corporate governance and should lead to some investors reassessing whether they should invest or not. The board will scrutinise the executive more closely than before and be more independent of the executive. Iraqi situation lead to a higher price in due course. Higher oil price should lead to higher revenues. All in all, it looks like today's moves have been good news IMHO. DYOR.

Sold out. On the Twitterfeed.