Member Info for Jhaylock

camdenLad

The name of the poster was hoofhearted2, not to be confused with hoofhearted1.
For those who have not read the post Thurs 11.19, it is worth a read, more information than just the offload.

jhaylock

All these different theories why the share price, is in reverse, my theory is that when a spike is expected in the share price MM get big orders from valued clients, instead of turning these away and losing future orders they sell shares that haven’t got, these orders are spread among other MM. The MM hold the price down picking up shares near or below the orders.
This was in a book written by a retired MM.

jhaylock

Nice to see your still in the game and got a bit back from your LGO losses, do you remember
EastbeachDave , 2Ears1Mouth,CrazyJane,Vmax and the company’s LSE BB plant OnceAtrader.

OnceAtrader told us about his fantastic lifestyle, his grandchildren, anniversaries, made a lot of money out of investing, but his LGO investment was going to be his swansong before retiring and going on a world cruise. A lot of investors thought he was a plant to chase down anybody who criticized the company, he released information that was confidential, before it was released in an RNS, after his mistake he wrote that he does not need the abuse, so this will be is last post, but he will still reman invested.

I don’t know if Sound has a plant but it’s highly likely, just be sceptical about someone who is never critical of the company.

Jhaylock

I sold shares in SDX at a 30% loss,the CEO had been telling lies to the shareholders and resigned, I bought into this company because on passed record it was well managed company,
I sold out yesterday at a 11% loss, I do not believe the shorting attack article, because DGOC would not be buying back
their shares and paying dividend and borrowing money at good rates, the companies that lent the money would have been satisfied with the DGOC figures. A lot of investors did believe the article, so my money was best out of the share for the time being and back in my watch list. To make money on AIM don't swim against the tide, even if you think you are right, always trim the bad performers and look for a better opportunity.

jhaylock

Aoka Mizu
Storage capacity:
Exportable Crude 618,000 bbls .
Slop Tank 48,796 bbls.
Offloading maximum 33,000 bbls/hr
Two tankers in tandem can be filled for continuous off loading (switching from the filled to empty).

Amundsen Spirit.
Capacity 300,000 bbls of oil offloading to full from Aoka Mizu nine hours.
300,000 by $60 = $18,000,000
Charter cost $25,000 per day.
What I find interesting from these figures:
Aoka Mizu can hold over twice the capacity of a Shuttle tanker.
It takes only nine hours to fill up a shuttle tanker with 15 days of the target production from Lancaster.
I find it encouraging that a shuttle tanker is needed at this point, I cannot believe for a trial run is needed on a basic procedure.



jhaylock

https://www.youtube.com/watch?v=fMtARGQkTl8

This could be the link, hope it works.

jhaylock

39.99K plus charges

jhaylock

Just noticed my purchase was registered as a sell, must have got a good price.

jhaylock

I was on my phone looking at the share prices of my two biggest AIM holdings Hurricane and ECO. I tried a dummy sell on ECO for my entire holding, it said unable to make a sale, so I clicked on it again three or four times, I clicked on except by mistake and sold 57K worth at 78p. I thought of buying them back but it was going to cost me 2K on the spread, I thought about it and decided the two Hurricane SP events FOIL and Warrick horizontal were due news and has a good chance of success so I topped up Hurricane with the 57K, hoping to top slice on any spike and re-buy my ECO shares.
I Just top sliced Hurricane 40k and put back in ECO, good result but more to take out of Hurricane at a higher SP hopefully.
Its better to be born lucky than rich.

jhaylock

I have bought and sold, a lot of share on AIM, I have treble my money on some, lost a chunk on others, but overall I would have been better off putting my money in DGOC. Gradually I am retreating from more risker stocks and using this as my banker stock, I did not realize that stocks like this existed on AIM, I also would like to recommend Fundsmith and Lindsell train global unit trusts, I find both of these useful to hold money in my ISA when retreating from risker stocks.

jhaylock

When I first started buying AIM shares I was very naïve, I did not know it is the job of the CEO to promote the company, to paint a rosy picture of future and hide the downside. Also there is lot of posters on these boards have got agendas and should not be part of your research, I probable use it more has a prop knowing there are other investor in the same position has me good or bad.
I must admit I still get suckered in, I have just written off 18K loss in SDX, your research is no good if it’s based on the CEO lies and they seem to get away with it with impunity on AIM.
Fortunately this share is the best I have invested in and after two years and 21 deals in and out I am sitting on large holding that cost me zero and the story is far from over, this share could make us all rich that’s why I still invest in AIM shares in spite of its faults.

jhaylock

This was my safe banker stock but after PW lies quote “8,000 barrel of oil equivalent 2018 Q4”, I soId 70 percent of my holdings. The remainder I sold this morning, the Egyptians do not seem to want to help small companies, the after tax net back from gas sales is not as good as the larger companies, the snail’s pace in getting things done is a put-off .In Morocco gas sales are not there for the existing discoveries, the 2019 Q4 drilling campaign does not make sense. That said I still believe the Circle oil acquisitions was good business, the company is still undervalued, but I do not invest on the hope of a takeover. Good luck to all long term investors, I am sure your patience will be rewarded, It’s just mine has run out.

jhaylock

Guyana Maritime Administration Department said ExxonMobil affiliate Esso Exploration and Production Guyana Limited commenced drilling at the Hammerhead-2 well site on April 17. The exercise, which will incorporate the use of 14 vessels, will be conducted 90 nautical miles off Guyana’s coast over an area 1 square kilometer.

jhaylock

92 sell
94 buy
+ 6.21 per cent at close

jhaylock

TM Cavendish Aim Fund Portfolio

ROCKROSE ENERGY PLC 11.40%
Lighthouse Group 2.35%
Altitude Group 2.27%
Keystone Law Group 2.10%
International Quantum Epitaxy 1.96%
Netcall 1.81%
RWS Holdings 1.81%
Parkmead Group 1.77%
Serica Energy 1.72%
BEXIMCO PHARMS. GDR 1.69%

I expect the current unit price for Rockrose is the pre-suspension price and should boost the unit price when out of suspension, the record of the fund is a good investment any way.

jhaylock

That Hammerhead, the 9th discovery, has now jumped the line for follow-up or appraisal drilling strongly suggests the oil reservoir there is far larger than the rest. Moreover, that the company has decided to drill two appraisal wells simultaneously in its high-quality sandstone reservoir must mean we are eventually looking at a mega-discovery of at least a billion barrels. Guyana will know by mid-May if we have another Liza.

jhaylock

My investment strategy is to look at the assets and potential versus the market cap, while I think the sp undervalue these I will wait. The waiting is much easier if you have a portfolio of asset, my AIM portfolio in order of value is: HUR, ECO, SDX, CLNR, AMER, if you look at one shares ups and down too often you press the sell button out of frustration. The company net back in Morocco is high and yet Paul spend the company money like it’s his own, for instance he bought the connection pipes, from a company that was leaving Morocco at a bargain price, he is bringing a new rig from America to drill the wells cheaper. He is holding a presentation later this month; I doubt it will be at the Gherkin or the Shard or the buffet will be up to much.

jhaylock

MrSmyith:

Oil is slightly up today.
My ECO Atlantic up 4.3 percent , SDX up 1.2 percent on no news.
Hurricane Energy: I made a dummy sell 153,000 shares they will take the lot, but not selling MM playing games.
Dr trice quote on a Malcy interview "The wells are good producers,each well 20,000 barrels a day", so to produce 17500 barrels a day from two well is practically guaranteed.

Halifax needs sorting, formation damage, Lincoln appraisal well then production well, then Warwick exploration, not much risk and big upside.

jhaylock

I was at a Hurricane Energy presentation in London 2017, the presenter a geologist from Kerogen Capital said “The one great unknown is the porosity, the granite is nonporous so the space the granite takes up and the percentage of oil is hard to determine, this can only be done by core samples and matching rock outcrops to the core samples. This is not an exact science, but I have done calculations and I believe the CPR findings are on the low side”. Doctor Trice said” Big oil wells only gets bigger” that is because historic CPR for oil reserves are always wrong, for instance the Schiellion oilfield west of Shetland in 1998 estimated 450m to 600m barrel so far produced 450m barrels, estimate 450m remaining. So when an oil company bids for Hurricane energy, I hope it will not be based on some third party CPR.

jhaylock

I was at a Hurricane Energy presentation in London 2017, the presenter a geologist from Kerogen Capital said “The one great unknown is the porosity, the granite is nonporous so the space the granite takes up and the percentage of oil is hard to determine, this can only be done by core samples and matching rock outcrops to the core samples. This is not an exact science, but I have done calculations and I believe the CPR findings are on the low side”. Doctor Trice said” Big oil wells only gets bigger” that is because historic CPR for oil reserves are always wrong, for instance the Schiellion oilfield west of Shetland in 1998 estimated 450m to 600m barrel so far produced 450m barrels, estimate 450m remaining. So when an oil company bids for Hurricane energy, I hope it will not be based on some third party CPR.

jhaylock