Member Info for hoper

With it's £14 million in LOGP shares, decent cash balance (approx £5 or 6 million) and buying it's profitable RS2 business SEA looks cheap with a market cap of £15.5 million. I don't normally touch AIM shares but this looks cheap so I've had a "dabble". 50,000 shares at just over 28p - fingers crossed I don't end up cursing AIM stocks!

Mecom Group: Numis reduces target price from 166p to 141p, while keeping a buy recommendation. JP Morgan ups target price from 108p to 120p and maintains its neutral rating

Figures are OK, dividend good, but current trading is fairly awful. Can't see the market thinking much of it all.

They produce over 2,500 barrels of oil per day and have done for some time. Doesn't that make them a "producing company" as well as an exploration one?

Wish everyone luck with PET, but there isn't a cat in hells chance of them drilling in the next 10 days - I doubt they will be drilling in the next year, but it's up to each individual to believe what they want. They have no partner or the cash to start drilling.

With the lack of any decent bids I'm not sure that there's much upside at the moment so I've taken my profit and sold. Could be a mistake if there is an upturn in advertising revenue, but at the moment that looks unlikely. If it drops back a fair bit I might buy back, but for a company that makes so much EBITDA it does seem to have a lot of difficulty reducing its debt levels. Good luck to all holders and thanks to "Beachside" for finding all the useful press stories on MEC.

http://uk.finance.yahoo.com/news/stocks-news-europe-uk-small-164018210.html

Maybe it's just that I've been fairly lucky having bought in around the 51p mark, but the figures look pretty good to me. Debt, EPS, EBITDA all in line with guidance or better and the prospect of a final dividend of approx 5.5 cents. Recent advertisement revenue - although well down on last year - showing improvement over the previous quarter. Looks like the disposals of Demark and Poland will go ahead - hopefully getting rid of nearly all our debt - and that we are not willing to give the Dutch business away at a bargain basement price. Not going to set the world on fire, but frankly better than I was expecting.

Thanks - your posts are about the only info I ever see reference MEC these days. Well done and thanks again.

Investing is how I make my living, but it's also my hobby. I wouldn't even know USOP existed except a while back I kept seeing USPU in the "Latest Share Chat" and I thought I would have a look to see if it was worth a few quid. I was dismayed to see posters being told it was a sure thing and would soon be a £100, £200 or even £300 SP. Some people were explaining to inexperienced posters how to buy on the very small, lightly regulated GXG exchange, others were explaining how they had bought shares on credit. In 20 yrs of investing I had never seen anything like it, anyone that dared to offer a negative opinion was immediately attacked. Thankfully the BB on iii's has now been withdrawn and LSE Admin are obviously keeping a close eye on this one to try and keep it honest and civilised. In answer to why I sometimes post on this board, it's purely to put the other side of the story. Not everyone thinks USOP is going to be massive in Navada, which I think is confirmed by the almost total lack of interest in the American financial press. It's only the British BB's that are taking any notice of them.

Put me on ignore by all means, but everything I said was true.

Just my opinion, but USOP paid for one CPR and refused to publish it, they did publish the covering letter which graded any reserves as "prospective". They have since done an awful lot of drilling and have been unable to produce a flow test, they have suspended work on site and that to me indicates a lack of funds. Reserves classed as prospective, no flow test, suspended work, setting lawyers on BB posters, the last two operational updates via RNS were rather downbeat. It just doesn't sound very hopeful to me - with no commercial oil they may just be worth a penny or two a share at best.

"However .... I now think Eb1 will be completed soon and be very commercial .... target "lower zones" as above with some work. Eb2 .... will be a very fast drill 3 weeks tops ... targeting the upper zones they can see from Eb1 .... Resulting in 2 x good flowing wells .... Eb1 ... our "appraisal" ... well = "completed testing of all potential zones" .... ended up a good commercial well. Eb2 = Fast drill = sweet light crude = very commercial. Eb3 = Majors are banging hard on the door. Just my take on it guys .... think about it ... All in my opinion of course .... be happy .... I am" I'm sure all of the above is what you hope for and good luck to you, but it's all very wishful thinking and nothing more.

1. When the last CPR which was carried out they wouldn't let the owners - shareholders - read it. 2. The ADR's story as been going on for ages - why would there be any interest after the last two RNS, the first a disappointing operational update and the second that they are going to chase a few BB posters through the courts. 3. Nobody really knows when they will start working on site again, but it's the 5th now so the Nov/Dec target is becoming less likely. Do they have enough money to employ a "Major at the Helm"?

Get over what?

Except one that was addressed to Admin I can't remember any of my posts being removed. I don't have a problem with the company, in my opinion it's just a very risky punt on whether they find any commercial oil or not. My reason for posting on this board was to put a counter argument to some crazy ramping that was going on.

If you think I have posted anything "unlawful" about the company I would love to know what it was.

Did I say I was going anywhere?

Surely a "proper" RNS is one that gives holders info on how the company is doing, not about comments on a BB. This just appears to be following down the same route that HAWK went.

Just read the RNS from USOP - interesting to say the least. Not sure what to make of it really, it's not an investment I would touch with a bargepole, but I don't think I have ever seen such strong opinions about a company - from both sides - on a BB. I'll be very interested to see what statement's USOP consider unlawful and whether they will try and take action against the highly critical articles that I think were initially published in magazines. As for the recent rise in the SP I'm truely please for holders, all I would say to the inexperienced investors is that nobody ever went skint taking a profit - this is and will remain a very risky investment unless they have a commercial find.