Member Info for LONGWAIT

I haven't had the doubtful pleasure of seeing him.

He's been on HUR since 2 July.

He urged everyone to get out of HUR and predicted a fall to 35p.

He soon changed his mind and claimed that his broker had told him that HUR would soon rise to 60p.

By an amazing accident of chance, I had actually posted a comment about TSD on the HUR BB on 1 July.

I then copied and pasted a comment by TSD on JOG, in which he was urging everyone to sell.

I haven't seen any posts by him since.

Successful oil-producing companies do get taken over by majors who don't ask, 'What if the wells stop producing oil the day after we take over?'

Successful oil-producing companies do get taken over my majors who don't ask, 'What if the wells stop producing oil the day after we take over?'

'If we sell the Horst, Schulmberger does too.'

Until now, most posters seems to have assumed that SOU is in a position to decide on its own whether or not it will accept any offer.

Based on its context, I suppose 'OI' means a hostile takeover offer.

No, I wouldn't take an offer of 87p per share, but I suppose I could be forced to in circumstances which I think won't materialise.

Points taken, WWN.

I always defer to the expertise of posters who are knowledgeable about oil (my knowledge being limited to the stock market), but wouldn't you agree that if WD had been drilled before Lancaster, investors would have been nervous about the chances of finding oil in Lancaster?

Maybe your concerns will be addressed by the company shortly, or maybe only by further drilling.

Very strange.

The share price was back to where it was before the farmout talks were even announced.

One poster predicted a fiasco; another a return to sub-5p.

No-good news, apart from the killing of the Bill, yet the price rises strongly.

AIM.

Forget it, JTF.

We're not interested in free fezes or even free fezzes.

We expect fritters, chips, and pickled gherkins, with champagne on the River Thames.

A proper liquidity event.

Baah!

As I pointed out previously, it would be impossible to build a substantial stake at this rate without causing a substantial rise in the share price.

I am not, however, saying that a substantial stake won't be accumulated in that way.

One down ; two to go.

Sorry to hear your tale of woe, Soundsrich.

Sounds as though you frittered away your winnings ...

No-one can tell you which way the price will move in the short-term and if the next drill fails, you can be sure that another big fall will take place (although possibly after having recovered).

Many here, including me, agree with you about the long-term prospects.

'All explorers drill occasional dusters.'

How right you are, Tiggerman!

And yet, the share price invariably collapses whenever that happens.

As I pointed out, one analyst attributed three percent of its NAV to WD, yet the share price fell a total of 33 percent.

Yes, I think you're right, Manyana.

If the real reason behind APEC's requesting a delay is that they don't want to commit funds until regulatory approval is given, then assuming it is granted, the money will be forthcoming.

The news and discussion sometimes resemble conspiracy theories, with APEC secretly planning to walk away because they don't really want to go ahead or they want to swindle PVR.

If APEC wanted to walk away, they could have done so instead of requesting an extension.

I recall that after bouncing off the all-time-low below 5p, the share price jumped from 6p to 7.5p on news that PVR were in exclusive talks which could lead to a farm-out agreement.

We are now actually below that level, in spite of the fact that there is a farm-out agreement.

That's what I am trying to do!

If the Government is determined to stop the Bill, how likely is it that it would withhold regulatory approval, or are the two issues entirely unconnected?

'15-25p ... would be an impressive return'

Are you seriously referring to the sale price for Tendrara?

It's possible that some of those trades, such as the purchase of 250,000 shares, could be part of an interested party's stake building, JTF, but that would be a very laborious way of building a stake, and it would be difficult to prevent big rises in the price as it became increasingly obvious what was going on.

Anyway, we shall know soon enough.

I'm not so sure about an RNS any time soon, JTF.

Over on advfn.com, someone posted :
03/7/2019
15:22 ..., My emails must have reached Sarah eventually and this is the response I had from her: 'I cannot comment on the share price I am afraid but we will update the market in due course as appropriate.'