Member Info for JMAX

Oilu.

Look into TLWs hedging.

It would depend on how long poo is at $100, and how much of our production is being sold at this price - 70% of production is hedged, but how much is hedged at a ceiling price ?

SLT,
good point, and in the future it looks like it will 'bail ins' for the struggling banks.
As for poo, the last I saw was that TLW had hedged 70% of production - how much of this has a ceiling below $70 ?

Anton,

your track record for predicting the TLW SP is not great, just look at your posting prior to the June update to the present.

I made money last week, so I'm quite happy with my calls.

BB,

The market is forward looking and most of the good news was expected. The fact that Kenya was being reworked, strongly indicated that the new valuation was going to be higher than the previous one. And we had the unjustified rise in the days before the update. Some on this board predicted this.

More likely a large holder getting out - after the RNS, Poo at $75 and TLW at around 45p.

Michaeliz

TLW tends to rise without justification just before the update is released - people on here have stated this before.

The higher poo goes the more likely OPEC and others will increase production. How much TLW oil is being sold for $70plus ?

Results would relate to production and revenue. News would include progress on Kenya, or other developments.

Scrod,
Can you tell me what our current hedging prices are ?

'Results' and 'News' are two different things.

Deeko,
I see your point, but about a year ago the SP increased by around 17% in a day for no obvious reason, and the following day good news dropped and the SP hardly moved.

I mentioned on here recently - that if the SP moves without justification it could be due to 'leaky news' either good or bad. Kenya news is key for me.

Why do people expect so much from result's day when most of the info is already priced in.

Several financial commentators believe it will be much worse that 2008, just look at the national debt(s).

In the last 18months we have seen significant price movement the day before good news was released - will be interesting to see what happens in the few days before Kenya news is released.

Why sadly, we had a higher SP when we were not in it.

Why was the company not taken -over when it was sub 10p?

What impact did being in the 250 have on the SP?

But if it's a 'fixed' game, what chance to the straight players have....other than to be in and out and not hold for too long.