Member Info for ihavenoclue

profit is a profit and lets face it you have got a pretty reasonable percentage profit on this one. There are a LOT of bargains out there currently that you could get a higher percentage gain than on these at this level. I am sure you knew the answer to your question before you asked it :-)

FAO exceed expectation on drill results AGAIN and with funding sorted this is a VERY good long term BUY. Already looking at a minimum of 7,000 bopd from the 2 wells and production is only 6 months away. Buy at these levels and take a look at them early to mid 2007 for a nice surprise. Still have results on the suspended EVO 4 well to come !!!

I doubt it .... heard it all before a few months ago and it did the square root of nothing !!!

Chers for that :-) I have a history of getting into the right shares at the wrong time or getting out too early. I was in ORM and got bored and sold at a slight profit just before they rocketed from 14p to 22.5p So now i have a LOT invested in FAO and i am holding for the long term ... i won't be selling till at least 2007. They still have EVO news to come thanks to a 100 day drilling campaign that should end around 22nd July - going by the EVO 5 news it will continue to be good. Then around the end of 2006 they will start preparing for production starting very early 2007. A very good long term buy i feel !! I also have a good wedge invested in MTA, they had all the excitement of the drill expectation and then after it was a duster it was stripped to the bone so i bought up a nice little wad at 3.15p and will hold till at least the end of the year. They appointed a tried and tested exploration manager recently and i feel they are a good mid to long term risk. As said before, and if i had cash available, i would buy EME or VOG. Both are strongly oversold and i feel that when all the crap about oil prices dropping by large amounts, and a season of hurricanes, EME will be back around 160p+ and VOG 250p+. So here's to all oil share holders ... good luck and here's to a prosperous end to 2006 !!

I must say i no longer own any CHP shares. I sold them all @ 18p on the day of the announcement and the day after the market crashed so unusually i timed that right. CHP is an annoying share ... up on good news and then down hard right after it .... so this time i just thought " Sod it !" and i sold them all when it was dropping from a high of 19.5p - i then put all that cash into FAO the next day at a price of 3.1p. So after the funding news and the placing of those shares at 3.25p i am quite happy. FAO was held back last time over the really great oil news as worries of fudnign and going bust still hung over it's head. Will be great to see what sustained rise it manages as the next EVO news comes out. I also sold my HML shares with a 15% profit and bought FAO at the low 3p's - i am sure HML will do VERY well but i was " in for a penny in for a pound" with FAO. I do wish you very well with HML but i am sure you won't need that and it will rocket :-)

They have loan notes on this one worth £o.5 million that can be converted at any time. That is currently nearly HALF the market capital. That would put a hell of a lot of people, including me, into buying into this company with that hanging over it . NC Telecom PLC - Issue of Equity FOR IMMEDIATE RELEASE 17 May 2006 PNC TELECOM PLC ("PNC" or the "Company") ISSUE OF EQUITY At a Board Meeting on 17 My 2006, the Board received and accepted a request from Cairns Investment Holdings Limited ("Cairns"), pursuant to the issuance of Convertible Loan Notes totalling £500,000 convertible at 0.1p per share at any time for 7 years from 29 April 2005 to 28 April 2012, for the conversion of a £ 5,000 Loan Note and has agreed to allot 5,000,000 new ordinary shares at 0.1p per share (the "Shares") in accordance with the terms of the Loan Note Instrument. The resulting holding of 5,000,000 ordinary shares, together with the existing holding of 5,000,000 ordinary shares totals 10,000,000 ordinary shares or 6.13% of the enlarged issued share capital. Application will be made for the Shares, which will rank pari passu with existing ordinary shares, to be admitted to trading on AIM.

Says they have assets of £1.9 million and market cap of £1.158. Hope that helps ?

I am so glad i sold my CHP shares at 18p and bought FAO at 3.1p

gluefactory, i totally agree with you and soon this will get the attention of the wider market so todays levels look very promising indeed for very good mid to long term profit. The real rises will come when the oil is coming out of the ground so hold for 8 - 12 months at least in my opinion. riskypete, i remember asking you what you thought of FAO and you said you were riskypete not suicidalpete ... i am glad today to see that FAO has turned it round and you have now changed your opinion. Good luck all holders of FAO !!!!

The risks have been all but removed from this one. Funding on a site that has one well that will produce around 4,000 bpd very early next year and is currently drilling more wells including the EVO4 well ( found 165 ft of oil instead of planned 129 ft but well issues caused it to be plugged till recent drilling campaign). The drill has been on site since 13th April with the excellent EVO5 news on the 24th May. There will be futher EVO well news soon and IMO it will be just as good. Last time there was a big rise and then that rise got pegged back on funding fears and talk of bankrupcy - those fears have now been put to rest. Any future rise on good EVO news won't have such fears to peg it back. I first bought FAO back in March when it looked very gloomy and was very risky .... the more the price fell the more confident i felt and i now average 3.49p If it wasn't for the EVO 4 news this one would have died. The news was great and it saved FAO and in the process put it on a very firm footing to more forward. This is pretty unique amongst AIM oil juniors ...this is not a placing to pay for exploration ... this is a placing to fund actually production in what could be VERY commercial quantities indeed. gluefactory, i totally agree with you and soon this will get the attention of the wider market so todays levels look very promising indeed for very good mid to long term profit. The real rises will come when the oil is coming out of the ground so hold for 8 - 12 months at le

I don't feel it will go bust now due to excellent drilling news from EVO 5. EVO 4 news should be soon. This is being pegged back due to worry over the level the placing will be at and the size. A good risky hold for the long term i feel and i continue to hold.

Looks like it is going to be bobbing around between 3.88p and 4.12p for a while longer.

And this one is still dragging itself along like a lame dog.

Had a bit of a negative effect on the SP though

this share is very much only for the gamblers at the moment, i am one of them, anyone else holding FAO ?

MDY :- I said i was worried about it drifting LOWER and THAT is why i sold at 3p ... can you not work that out ? Oh and laughing at someone elses loss ? What a man you are !!

CHP :- I had a feeling this one would be back to the 15p level today - and not in a MONTHS time. There should be some good news between now and the Columbian visit in May. Sit back and enjoy the ride, may drop again before then, who knows, just looking good for the long term.

MDY :- I look at it this way. if i kept my money in would i trust a group of people to invest whatever is left after paying debts ? And they way they have handled it today - NO CHANCE !! They won't go bankrupt but i have no faith in people who couldn't seem to organise a piss up in a brewery. They issue a strong trading statement to get the SP up then do this, and do it BADLY. I don't want what i have left moneywise from this share to be in there hands a moment longer. Yes i have taken a huge loss but my money is safer elsewhere !!

MDY :- i was totally wrong about this one and did not see this coming. I don't feel it has been over done. Once they pay off thier debts the £24 million will become £10 million. I lost more than 50% on this one and wow does it hurt. But this kinda thing happens. I sold at 3p and i am worried about it drifting even lower.

CHP :- Never thought it would happen but it hasn't YET ... came close but didn't hit 12p so technically i am still right LOL I still feel this is a long term share so this drifting doesn't worry me that much. Ok i am in a loss at the moment but this time next year will i be thinking about the drift of now ? I don't think so and i sure hope not