Member Info for Linton78

Need a farm-in partner or sell out at a decent price here. Lack of activity by the BOD and cash burn could yet see AEY go bust. Hope i'm wrong but odds must be stacked heavily on this happening in this oil price environment.

Looks like the sign is still up but the board are looking for opportunities also (if we can believe that) Would be nice if Kosmos took us out - for the right price!!

we need a new venture here to state the obvious! stagnating away and the cash pile is reducing....

must be a mistake?!

For those with a two year view - is now the time to buy? Oil - hello old chap! Hope your well. :-)

I'm invested here but at current oil prices Fyne is a no go most people think. The Irish license will be difficult to farm out on anywhere near decent terms. News on jurrasic targets soon?

hTTp://www.investegate.co.uk/enegi-oil-plc--eneg-/rns/results-for-the-year-ended-30-june-2014/201412240700096605A/ Lots in there about Fyne. "The Fyne field has been the project on which we have targeted the majority of our resources during the period with the effect that we have honed the engineering on our solutions to allow additional projects to be advanced technically on the back of much of that work. Whilst the planned submission date for the Field Development Plan was not met, we retain a high degree of confidence that we have the technical solution that allows the project to develop."

I picked up a few more at 3.1p this morning. What on earth is going on with the FDP???!!! Sources from the company said before year end - i'm not convinced!

as per postings on ADVFN.

Looking grim at 8p odd !! Too low to sell and all still to play for here. I'm topping up when I can. Fyne news soon, surely?

I hope i'm wrong and its all on track but I am expecting delays - hope to be proved wrong!!

I think the FDP is going to be delayed... hope not but that's the news filtering out to several other shareholders from the company. Long term hold for me now.

Morning mate - I agree with you these could easily double again today. I'm in BPC & RMP still also.

Interesting times ahead... :-)

Insidertrading - whats your short term SP prediction? I was thing along the same lines and 15p to 17p could be on within a week after this RNS / volume today.

Looking at the market cap and comparisons in the market the 50% rise tomorrow may be on the cards.

If you take the cash position in $ then take off the payments that SEY owe for the 25% Somaliland interest then you arrive at a market cap of where we are trading now... this is now a long term hold and average down for me!!

Another bad result for Sterling and the bad luck continues. Looks like we will be trading at this level for a while yet. Cameroon is a large block so hopefully another drill can be lined up at some stage.

aahh.... those magic words or " net pay of XX " 50p is still a great price to get in on this drill and hold for the next 2-3 years. from iii - A positive outcome for Bamboo 1 will transform the Company is what it said in the latest statement. I have been very critical for some time of the apparent lack of activity by the BoD. However in the last few months we have had a lot of news. It is exciting that a drill is in progress and even better that SEY is not paying for it. If successful the sp will fly. SEY has a current Market Cap of £107 million of which £72 million is in cash and it is self financing on its current income. So it's various assets are currently only valued at £35 million. There is very limited downside but the potential upside on an oil strike could be huge. A very compelling risk/reward situation.

Tricky - thanks, fingers crossed. With multiple targets the CoS must be high on this drill with discoveries nearby and quality of seismic.