Member Info for Jonah58

Your guess is as good as anyone else's on this board. Couls be nothing more than an overdue correction on an oversold share. Could be good news is leaking out. Should find out very soon but, bearing in mind how fast this share has moved historically (in both directions) you need to be fast on your feet. gla

Thanks. Good points. I suppose that with some zones showing "relatively high porosity" there is also the possibility of significant flow without fracking.

I am not the only one to have difficulty understanding just what is going on. If the RNS implies that we are very likely to have another ZJS5, then the project is effectively derisked and the sp should be heading to levels reached just prior to the ZJS6 rns. If, however, we have another ZJS6, then we should be nosediving to cash in bank levels or lower. Neither of these is happening. I am holding, but this is nerve wracking stuff. gla.

Can anyone with a decent understanding of the gas exploration help to put this rns in context. In some ways it seems less upbeat than the january rns on zjs6. The difference, as has already been pointed out, is that the pay zones in zjs6 were surprisingly shallow, whereas we have deeper pay zones here more typical of the rest of the Ordos basin. Can someone in the know comment on this difference please?

I agree that there is no point in employing new quality directors unless the future looks rosy, but I don't think they can delay releasing materially relevant news just so that the new board can settle in. Also the split in the company requires a vote. ZJS7 news will come just as soon as it is available.

Good post. Manzoni is obviously a catch, and very experienced. For the sake of balance, however, I include a few more references. atb, and hoping for a great week ahead. http://www.huffingtonpost.ca/2012/09/10/talisman-energy-ceo-change_n_1869979.html http://www.telegraph.co.uk/finance/markets/2809790/Manzoni-goes-as-BP-shake-up-continues.html http://www.petroleum-economist.com/Article/3088625/Manzoni-move-makes-Talisman-sale-unlikely.html

Copper futures rise on global cues, spot demand. (Economic Times) Meanwhile, copper stockpiles monitored by the LME fell to 608,450 tonnes on May 31, marking the first monthly decline since September. METALS-Copper up on China demand prospects, tighter supply (Reuters. May 30th) The trends in global refined copper consumption are also progressing to an alarming state. Industrial production is not keeping up with copper consumption and recent indications have pointed to estimates in Chinese consumption to be very conservative. It now appears that in the next 25 years, the world will need to produce as much copper as has been produced in the history of humanity. (AQM) According to preliminary ICSG data for 2012, world usage of refined copper grew by around 3.1% (608,000 t) to 20.5 Mt, as compared to 2011, (Copper worldwide) etc ,etc, etc

But who says the trio are motivated or indeed constrained to be fair to shareholders? Their initial bid suggests fairness is not their top priority. We appear to be at the mercy of a complex web of forces pulling in different directions and even the analysts and commentators seem to be bewildered. Expect the unexpected :)

On 26th april this share was at 269ish. It went up in the hope of a bid above 350 and now it has gone back again. Plus ca change!

Many thanks for posting this, which I take to be reassuring!

Yes, corp governance and commoditiy prices. The latter can (and probably will) recover but gok what will happen to this share over the former, not to mention current buyout uncertainty.

Thanks a lot. Already retired and studying for a degree in pure mathematics to stop (slow down) my brain frazzling. Am in here a tad deeper than is healthy but it's not a window ledge job. Too many nice things to do. GL. J58.

Thanks a lot for that. So it's nasal dislocation all the way!

As a relatively inexperienced investor can I ask what happens next if the consortium puts in a bid at, say, £3. I have not previously met the situation where there is a private takeover. Thanks

I always enjoy your posts. Where does your figure of £4 come from? Is it based on the historical value of the share, or your estimation of the NAV of this company. Should we put any value on brokers' forecasts for ENRC which are still a lot higher than today's sp. I am relatively inexperienced and am still looking at a 17% loss on my investment and am trying to decide what to do next. I am not asking for advice, just an idea of where £4 comes from. Thanks