Member Info for lejjb

Your guess is as good as anyone's, but possible explanations could include: Transfers from one ISA to another. Mistakes from market makers. Attempts to make it harder to track trades and the direction of the SP (the most "conspiracy theory-like" of all three explanations).

The MMs dropped the price by several % straight upon the RNS's release, it's brutal exploitation of a very small piece of bad news.

That and the following 13k sells might also be because the owner found out about the suspension and did not want to have his/her money tied. Even if the explanation to be given for that suspension is very good, one cannot know for sure how far up the SP will climb on the back of it. On the other hand, somebody who knows what he/she is doing is more likely to have control over the profit he/she makes from regular trading. So he / she may have just chosen the option giving him / her more control, that’s all. But that’s all purely speculative.

It's a possibility, but certainly not "obvious" - we simply have no evidence of what their real intention was.

NUOG had been a listed company under that name (vs Enegi) with no official dedicated Investor Relations person for 2.5-3 years (Oct-Nov 2015) before that !

I don't recall there being a specific reason barring the usual "to improve communications with our investors"-type of message. However, PIs kept pestering NUOG via its general contact us page and Nigel was single-handedly answering the queries of every PI (credit to him!), apart from the odd answer from Alan (who was unsurprisingly much much rampier than Nigel, sometimes practically contradicting him re: timings!). Nigel had even answered a couple of queries from me very quickly and in a very professional manner. However, answering PIs' questions (which were increasingly turning into complaints of timings not met IIRC) is rather grunt work, and it made sense to give an existing and non-BoD team member that job.

Have a good weekend all. Chris - why stay away from the vino if it's the weekend and you are not looking after young children or handling heavy machinery!!

Just took a bite of BPC - only small amount if the rumours of a supermajor's involvement don't have legs...

The fact that the BoD has regularly grossly underestimated or misrepresented timings (an obvious one being an MF deal "within three months" back on the 6 April 2017, the more recent one being misrepresenting the start of the flow test at GH) in its communications to PIs is the issue. Moaning aside, overall PIs have been patient and magnanimous with this company all things considered: the SP has not tanked back to the 0.30s or further down to the mid-2016 levels.

Good morning all. Unbelievable, the good weather is holding!

Look at the guys that Martin Sorrell used for WPP in 1986 (?) ... ;-)

Farewell dude, and good luck!

gggg21 - I'll presume you were writing to me in your last post (your comment about Bed & ISAs looked a bit random to me). If I have misinterpreted your post re the presence of a Norwegian on the board, then apologies. Please can you therefore explain what you meant then?

Laks - trying to steal my NUOG-popularity thunder?... ;-)

I've been trying to say hello for hours but the site won't load in desktop view!!...

What Gary wrote was indeed legally incorrect in that a company does not have to change its name on the register if it wants to trade under a different name. There is no law requiring that. Gggg21 - still in due to GH, which I have consistently raised as being the only solid / reliable hard prospect for this company for a year now. And “as usual” I jump on the extrapolations and inaccuracies, no matter the side. Back to targeting individuals and their motivations rather than sticking to the points raised, eh?

Unless / Until it is announced that a board member is also an employee or non-exec of one the consortium members, gggg21 what you say is akin to a distiller gaining a new Scottish board member and assuming the latter has to be from Johnnie Walker / Diageo because he is Scottish! ;-)

Sharelock - thank you for your answer. As I could not be at the AGM, I'll take your word for it re Aker.

Sharelock - do you have actual evidence for that claim about Aker asking for a change of name? Do you also remember Simon's podcast of last year explicitly explaining what "marginal field" means, i.e. uneconomical, but not necessarily small? And on the website, below the logo, it's written "managing field development", not "managed field development company" - grammar suggests it is a slogan they simply added below their logo. There is still in big letters on the webpage the headline: "MFDevCo specialises in the development of marginal field projects"

Ditto. And I posted something along those lines several times on this BB already, even as far last summer. Everyone who has worked with / for a very large organisation will know that they are averse to change, and generally only take up new tech / ways of working when those have already been proven. Among large businesses, only tech ones with a primarily software product (i.e. they don't have the constraints of physical materials, they have less overheads, etc.) are a little more likely to take some risks. For example, fracking has been around since well before WWII, yet was only taken up properly in the late 1990s / early 2000s!! https://en.wikipedia.org/wiki/Hydraulic_fracturing As oil prices keep rising back up, large oilies are less under pressure to change their business models and look for ultra-low cost oil production. And it's clear that the consortium aren't committed to support NUOG at all costs, and certainly have plenty more projects to look after. Indeed, several of its big members have already been with NUOG for a while - Arup has been around for years, Aibel joined in October 2016.... And COSPL supported somebody else for Barryroe!!! As Alan keeps finding new ways of saying "soon" ("imminent" "shorter order" "accelerate" "within 3 months" (stated in a Vox podcast 13 months ago)...) over the months and years, concrete and publicly available evidence (i.e. increasing oil prices and renewed rise of fracking in the USA) points towards MFDevCo being more and more likely to miss the boat altogether. Even more so as energy giants are gradually looking at alternatives to oil with the rise of other energy sources. Thank God for Nigel who helped negotiate that excellent Garden Hill deal - in spite of disingenuity (whether from PVF, NUOG, or both) as to the timescales and the impact of the weather.