Member Info for JimPrice

Time stamps and spread. All bed and ISA trades show as sells

One is a sell and the next is a buy back. It's a straight forward transfer into an ISA account, has no effect on RSP and share price.

https://twitter.com/JimPrice83/status/979370788380925952

The placing overhang looks to have cleared. MXO back to its old self again, moving on the slightest buying pressure. The CPR should crack 1p, I'd be disappointed with anything less.

Panoro mentioned in their last RNS that an update for CPR would be published in Q2. I emailed Stefan regarding this and he reiterated his 'hopes' for March. I reckon April personally and will keep an eye on Panoro. They are more transparent with their shareholders.

I have also had comms with Johnny Hon who is acting as consultant to the company. He has a long term view and said he will be doing all he can to assist them over the next 2 years in particular. Things are going well but obviously he couldn't elaborate further.

This will be debt secured against the company's assets with repayment terms structured against cash flow generated by the project. Essentially it will be a non-dilutive to shareholders the specifics of which I don't know as yet. Once the CPR is out, plans for the FDP will follow and with that clarity around the financing mechanisms. With regards to the OPEX I refer to the break even costs post development. Imagine if 2 additional wells in the turonian rim push the OPEX breakeven into the $20s? The company will turn into a cash cow which is significant given our small mcap as it stands.

This will be debt secured against the company's assets with repayment terms structured against cash flow generated by the project. Essentially it will be a non-dilutive to shareholders the specifics of which I don't know as yet. Once the CPR is out, plans for the FDP will follow and with that clarity around the financing mechanisms. With regards to the OPEX I refer to the break even costs post development. Imagine if 2 additional wells in the turonian rim push the OPEX breakeven into the $20s? The company will turn into a cash cow which is significant given our small mcap as it stands.

Had comms with Stefan yesterday. CPR expected this month as per RNS, once released they will be in a position to discuss the field development plan. In terms of the CAPEX requirement he stated that the company intend to utilise project finance at asset level rather than equity. They now have significant data available having monitored the flows over the past 18 months. Stefan believes that AJE is a "world class project" and I suspect this will reflect in the CPR. I think the OPEX could be significantly slashed with new information from the Turonian rim. The company presentation has highlighted this. Should be a good few months ahead

Had comms with Stefan yesterday. CPR expected this month as per RNS, once released they will be in a position to discuss the field development plan. In terms of the CAPEX requirement he stated that the company intend to utilise project finance at asset level rather than equity. They now have significant data available having monitored the flows over the past 18 months. Stefan believes that AJE is a "world class project" and I suspect this will reflect in the CPR. I think the OPEX could be significantly slashed with new information from the Turonian rim. The company presentation has highlighted this. Should be a good few months ahead

We will be hearing much more post CPR. They have an oil & gas development plan to reveal and the fact Stefan has shared good production rates data before any of the other partners have is an indication he is ready to open up. I must say I haven't been able to get my head around the recent 0.5p raise but the buying since has been round figure block trades in the main. Over 100m buys have gone through in a week and I don't believe this is your average retail punter at it. Jenwell took the previous placing and Zhang Hao bought them out, I think the same has happened with this one, HNWIs buying the flipped stock. March will reveal all and hopefully have us past the penny, just hope this doesn't turn out to be another Tecoloutla.

Those buying now will be value buyers. It's about the potential growth story. Traders leaving the building is a positive sign in my view and the BB returning to normality is good. I am using this opportunity to build a stake and believe there is value to be had from here. GLA

$34 per barrel @ 11000 barrels per day if I am correct. It is now $40 at 3300 barrels per day.

Last year fourth quarter report was released by panoro on 22nd Feb so they are due to update any day now. The presentation put out by MXO was fairly comprehensive with respect to the production rates, I hope Panoro apply further flesh to the bones.

I wouldn't say they are fed up mate. Zhang Hao topped up with another 200m shares just two months ago. He clearly knows something we don't and imo it's more than AJE. They are investors and not traders and will be here post AJE CPR

Chinese never paid 1.75, the bulk of their stock was bought in the 1p placing. The highest they paid was possibly 1.5p if they were takers in last Jan's placng. We never saw a TR1 then however

Placing shares don't hit the market until the 6th and there are no signs of forward selling here. Plenty of buys and large ones too, bizarre price action.

Estimated calculations for 2017 production based on the latest data provided by the company: https://twitter.com/JimPrice83/status/966247189373751296

One thing we do know is that the Chinese remain supportive given Zhang Hao's recent 200m top up. There's no need to for TW to publish his 2 line piece, perhaps he wants to shake a few week ones out to buy in on the cheap. Things are starting to look better after all with JV dispute resolved, Brent price up, CPR due, ...if we get a cheaper buy in I'll be happy to top up and if not I'll be happy to hold.

Agreed it's a risk free ride for SOU holders. Better them watch and wait and see how this plays out. I reckon the warrant holders will want to derisk into large volumes post relist. Makes complete sense if you have 50% warrants cover. Personally not happy with the level of dilution to existing holders however the board is good and they will ensure value is returned in the long run. I've been locked in so don't have the big targets I once had. Confident I'll get my capital back and a bit more