Member Info for leas

Luck apologies, I was referring to the drill targets with our partners and them taking the lead in respect of timeframes. Personally, I am not concerned about past performance and the current MC as I see my investment as a long term return. That said the current trend in oil prices is a good opportunity to increase revenue which would be even greater if production was higher but confident that will come.

Hope not too many investors get carried away with the expectations with SOl-1. In my opinion the current price underpins any duster and I wouldn’t like to see a repeat market reaction like the last one. Some investors forget that we are already a producer and a service provider in this sector.

I’m more frustrated with the constant manipulation rather than the share price and would welcome some sort of share consolidation.

Thank you to those that attended the AGM and sharing your thoughts on the bb. Unfortunately, despite the lack of IR from the company much of it is out of the company's control as the pace of any drill program is dictated by their partners. On the plus side there are no concerns over funding. I have just had a look at the tenders for ONGC and noted 6 out of their last 10 are for the development of the CPO-5 block. (3D Seismic Data Acquisition and Fast track Processing in S-W of block CPO-5)

I am convinced that there would have been considerable effort in securing further rigs during the current drill campaign and can only see the lack of availability being the reason for not adding.

www.ongcvidesh.com/wp-content/uploads/2019/05/Tenderdoc-3D-Seismic-2019.pdf

Production up, OBA thruput increasing. Decent update regardless of the timing. I’m sure SOL-1 was worthy of its own RNS but bundled up to soften the blow that the BoDs fully deserve.

Some large trades going into the close on Friday. Not the usual AT's just before the bell. Maybe a bit premature but has the transfer of shares finished and our seller done? Be interesting to see if they 'kick in' again if volume picks up.

Come on guys ffs. You even look at a standard obligatory RNS and find criticism. Surely a letter and photo id is commonplace, not forgetting security standards you would expect.

Just waiting for the red dot too. I don't think the transfer of shares is of any significance but the risk v reward is so good that I can overlook the lack of IR from the board. I have a good average here but bio's are for the patient investor. Only a matter of time.

CD, I don't think it is totally ONGC's fault at the 'snails pace' of the CPO 5 block. I think the pace of production has picked up so quickly in Colombia that resources are stretched as other producers rush to try and take advantage of the PoO. I posted a few months ago that securing a second rig or indeed a third would be near impossible until the supply chain to the industry has caught up.
Things will turnaround but at a pace a lot slower than investors expected on the back of the successful Mars-1 drill. Production and reserves increase will follow and imo a great price at this level. I never invest in a company with the hope of a takeover but right now the company is very vulnerable to a cheeky bid. You could argue that the BoD's IR or the lack of it invites interest.

A coupe of more tender docs added over the Bank Holiday. One for HSE and the other for production from the well head. From page 59 of the link posted you can get the technicals, bore dia and choke. Also the scope of work expected from the successful bidder.

www.ongcvidesh.com/wp-content/uploads/2019/05/Tenderdoc-Production-Facilities-2019.pdf

http://www.ongcvidesh.com/tenders/

for those who have the patience to wait for the website to load.....

Desperately trying to ramp development of CPO -5. Recent added tenders for civil works at Aguila -1 Drill site including the access road, waste management (NIT keeps being renewed) and a tender for sale of it's crude from production. I think the latter is quite recent but don't check their website as often as I should as it is rarely updated and so so slow.

Despite the apparent lack of news and the poor investor relations I am confident that production and reserves will increase. The price will follow but at the moment manipulation is the name of the game for the city boys. This will turn.

I don't think it's shorting. Shares being transferred at an agreed price. Too many institutional sized trades. Another million traded just before the close again. ATs making sure the agreed price is maintained. Frustrating short term but I'm confident in the future that the current trend has benefitted many private investors.

4 billion people still do not have a regular electricity supply. The cost of upgrading supplies in some third world countries to cope with the extra demand (including the UK) would be vast. Not all of the infrastructure is compatible, range is still an issue not to mention the purchase price. I own 2 EVs, both are charged from PV panels and can speak from experience, the industry has got to go a long way in development before it puts the combustion engine under any pressure.
Simple solution to promote EVs in the UK is to make cities EVs only. Instead they impose so called congestion charges that do nothing for the environment but raise huge funds for the minority to squander.
Not denying petrol and diesel vehicles damage the environment but that is only one part of the solution. It's fine to criticise as we open our well stocked fridges brought in from China and open a bottle of beer brewed in Belgium and think about throwing out the over ripened strawberries we never got round to eating.

O dear, I feel the need to chain myself to a train as I fly my drone over Heathrow. Unbelievable hypocrisy.

BBN, likewise

They could have gone straight to P3 after the last trial but would have needed to raise funds. Only frustrating point for me is the misleading comments from TP last year suggesting a deal is imminent. Buying at last years low has given me a free ride but would have sold out completely if any deal materialised.
Sold out of MTFB when they announced a placing at 31p back in 2017, again because of the BOD’s leaving the pi out in the cold.
However, when a deal is announced all the frustrations will disappear.

Bid now at 26.5

Hard to determine, full ask at 27p has been paid for 20k shares.

We have had a number of positive discussions and we are continuing to explore a number of options to enable the continued development of the FLU-v vaccine.

TP. very upbeat on further contracts, reduction in costs with a forecast of being profitable going into 2020. Let’s see if there is anything more in the presentation.

'all of these shares' You mean those 2 trades totalling less than 10k shares that were on or about the bid price? There has only been 5 trades, lse and Nex since the 50k trades.

Bigsmoke, been the same for several weeks. Opening and closing, adds to the negative sentiment.

Looks like the appetite for buying has returned. Having to keep moving Ask to tempt investors to sell. Spread very tight 30's is looking pretty good. Not many shares to go round so fingers crossed for a repeat of last year on the back of any positive news.