Member Info for JoeSoap

Biffa, It wasn't intended to be £SD, just the earlier comment made re 200ma and then the I'm with wellwell, who said he bought yesterday and planned to today, and I joshed with him re timing.

No offence intended, rather a pat on the back for spotting the scalded cat..

Each to their own.

Aah.

So that answers my 20:30 post in the RE: Worth checking ... thread yesterday, asking where 1M shares went. ycnmiu.

Probably assisted the tree shake. :-)
And closed the 46 gap up.
TA? or just bent??
You decide!

Did you buy at the 200ma Biffadog?

ww, did you notice that the 8:00 UT today was blue... may not be wise to order now, maybe better to wait till the streets have aired...
but he who hesitates...
WTFDIK
GL!

Boyzee, saw this earlier over on ADFVN
“Davidblack 22 Oct '18 - 22:22 - 33990 of 34056

That 0.67% increase of short sellers is 13m shares which occurred in 7 trading days.

That 1.8m a day short sell is a good percentage of daily volume over that period.

I wonder if it’s just algorithmic trading or there is someone with a view point behind it?

Either way with a 2.9% short position that’s 56m shares that need to be bought back hopefully at £1+!”

My understanding of the Regulation is that you have to notify when a threshold is crossed before 15:30 on the day after the trading. There is no 'on-going deal' exclusion. There are 'rounding off' tricks that could be employed (0.49999999 is only 0.49 and therefore below the 0.5 notification requirement) but the idea that they had worked the short over the previous 7 days is not feasible imo.

But, my question is IF my understanding is correct, and there was no obfuscation (!) by Paragon, who held or holds the sold down shares as the market volume traded was insufficient for the 13m jump in shorts declared.

If this 3rd party are now unloading, have they finished? I suspect not, as there will be the consequential trades to accommodate as well.
Alternatively, they may have transferred to a hungry acquisitor on the day and therefore there is no overhang, what we are seeing is simply E&P malaise., cf. PMO etc..

Any views?
TIA
joe

That 200ma is getting closer....

Gotta hope that's a typo....

Will there be a sweepstake on "How many nautical miles completed before the RNS drops?"

These cancelled trades are not any ordinary cancelled trades.

These cancelled trades are Caspian Sunrise cancelled trades, where the 15:47:01 trade is actually cancelled twice.

smasher - that'll be the finance contract period then...

aduuk it can only be conjecture of course, but today they declared 5% at 30th September (down from 5.77% on 9th July- HUR RNS 11July, or 5.8% on 31st August-CA month end valuation) and HUR updated on 4th October with 4.75% as at 1st, and looking at the SP chart once again we can see selling during a peak, where a rising SP increases the dominance of this holding in the portfolio, so I think it unlikely that selling continues at a lower price.
In fact, they say "These sales, into market demand, provide the Fund with the flexibility to repurchase in the event of general stock market weakness." as part of their commentary.
https://www.investegate.co.uk/crystal-amber-fund-limited/prn/monthly-net-asset-value/20181010070000PB8A7/

Question is "Who or what creates the rise to sell into?"

jimo
joe

https://www.thegazette.co.uk/notice/3124731

JayKay have you forgotten that it has a big hole in the bottom...

Are the mattresses still at Nigg?

The Feb 18 presentation identified Acquisition Targets, 1, 2 & 3 page 30

cc, a week tomorrow since the update that acid was introduced earlier that week. Some former poster on here thought acid was just a couple of days job.
Meanwhile over at A5 drilling has been "underway" for an extra week...wonder if they have identified that metal object yet? lol.

And today late declared buys...

Only a month today until we get the new Kazakh oil & gas sector experienced NED, any guesses as to whether they are known to us?
And meanwhile the "interim" FD continues without an end date.
But have to say, it will be good to have an NED to oversee the expected "further acquisitions".
Or just another nose in the trough?

Good day MO.

Most Optimistic imo

I think you are well aware that they have declined to address the shallows in the “Updates”.
(see what I did there?)
:-)

Whilst FK may have been suggesting that they were assessing different levels in the field, I am not aware of any requirement to shut in all the wells in the field for that length of time to get the necessary data for a Reserves evaluation.

It may be that it was our turn to share the pain of the Kazakh commitment to the ROPEC production cutbacks, but it would have been easy to say that. So no, my money is on some hiatus with the licence renewal, probably connected to the c$2M social fund obligation outstanding. aka a(nother) cockup.

The FY Report imo, gave a good insight into the Licensing process, but today it was glossed over. It was said that it was “at the Company's request, the date for commencing the upgrade of the licence for the MJF structure to a full producing licence was pushed back to January 2019.”, whereas they had previously said it was available to them to apply from July 1 at their discretion; i.e. their decision.not an already done deal.

GLA

The A5 saga according to the recent RNSs:

A5 became obstructed when carbonate rock fragments were transported into the liner
Following unsuccessful attempts to clear the obstructions using readily available equipment,a contractor with more specialised coil tubing equipment was mobilized.

However, after considerable time and effort was expended we decided coil tubing was unlikely to produce the outcome desired. Accordingly, the coil tubing operation has been discontinued.
A rig has been mobilised to remove the entire tubing string from the well.

work continues to prepare the mobilised rig to remove the pipe from the well and thereby clear the obstruction, which resulted in a suspension of the 90-day flow test

Recently, a metal obstruction was detected in the well and partially pulled free. The remaining metal obstruction is being drilled out,

So is the metal [steel according to WHI] actually the 5” production liner that has fractured and been partially removed with the remainder now snagged and stuck fast requiring drilling out or have they successfully removed the entire string and, perhaps, found that shopping trolley?

What is the truth of the current situation?

And what production fix is lined up to overcome the possibility of further carbonate fragment blockages here and in the other wells??

It could be the eligibilty terms have been met to allow them to be considered for the the AIM50 index, particularly wrt the FreeFloat and Lock-in.

https://www.ftse.com/products/downloads/FTSE_AIM_Index_Series_Rules.pdf?771

Happy reading!

For those with the Speaker notes from the AGM presentation, I think it is quite clear.

"Looking at the operations from the perspective of what is to come next, the sequence will be:
- Completing the wells.
- Completing the mooring installation -- including deploying the buoy.
- Installing the manifold and SURF.
- FPSO sail-away from Dubai, due by the end of Q3.
- Following arrival of the vessel and pull-in of the buoy, the start of the commissioning phase.

We remain confident of first oil in 1H'19. In the event that all workstreams proceed exactly to plan, we hope to be towards the front end of that guidance but there is still much to do."

But jimo.

I think I wasted the morning looking for a "big six-axle Mercedes white van" to tow me caravan...