Member Info for Margaret365

One would suspect most of it is still in the bank....or it should be.

In Feb he said that whilst he didn't expect to be a 100k bopd company that we would see a material increase. They are budgeting for 5-6k for this year discounting a large new producing discovery. You could argue it's measured so no great surprises to the downside for the market. What's a medium sized producer.....20-50k? We are somewhat short of this and it appears in the last 6 months there are no great aims to get there, odd when they have drill cash gathering dust. If that's the potential along with the infrastructure benefits of the Oba then surely we are significantly North of this.

What will be the message for the lack of expected drilling, 10 in total for 2019 with 6 in cp05. How can this possibly be explained away without ratting out partners who potentially are stopping progress for there own agenda. JW was pushing for two rigs in Feb......we are a few weeks from Q4! It stinks unless of course it's factored into the offer. If it's to be a 'game changing year' for the Company and shareholders then only a takeover will support this view.

We will see today if that rise on Friday was short term manipulation to allow an 18p sale. I too wonder why the timing of the sell, possibly just some risk management.

How did they manage to sell 500,000 at 18p on Friday, the bid/ask did not facilitate this, again shows disparity of opportunity for PI's and institutions!

They have bought over 4m shares since the strategic review was announced.

Very good...........agreed, us LTH have been very patient. Can't be long before they put the stamp on.

Volume has all but disappeared, I guess all the pawns are now in place, who's going to get check mate?!

Delayed off book trade. Bots working hard to balance the books in the last hour. Although, I guess the day to day trading currently is a sideshow.

In this situation, if they increase the price, this creates optimism that the negotiations are going well and likely bring in buyers. If they reduce, it creates anxiety that negotiations are not so positive and therefore draws sellers. The MM do not simply move prices based merely on buy and sell volume

They search for trades and will manipulate to create uncertainty or indeed optimism with investors so that our decision making is compromised. If the share price is static you are more inclined to relax and sit on your hands.

I feel confident that the current price decline from 19p has no reflection on leaked news. The MM are taking the opportunity to test shareholder resolve, dropping suddenly with auto trades to create fear, then raising the price a little to allow nervous shareholders an opportunity to exit at a price above the low of the day. Its working and its a cumulative cycle, just wonder if they take the plunge and take us below the 17p to test. Its possible that large buy orders are at the 17p price point.

Uncertainty I guess and maybe a tad impatient.....a bad PI trait. Taken a chill pill.

If that’s the case, they have been at it for a week now. Got this feeling they will test holders resolve below the offer level. This will create some uneasiness and I suspect will see some stock shifted. I will keep taking a few during this drip fed drop.

Looks like we could test 17p, very little buying at this level which is so what troubling.

The last update included the message that shareholders should take no action in respect of there shareholding until completion of the strategic review. Is this ‘standard’ advice in such situations from BOD? Is this a message that in all likelihood, given there initial discussions with other interested parties, that they foresee and confident of acheiving premium to the current offer or merely they don’t want selling pressure that could take us below the 17p? The SP is pricing in little upside.

They were appointed joint financial advisors, From the disclosure, it looks they are now also acting for M&P.....a change from yesterday, buys and sells pretty much cancel each other out!!

Trading extremely low this morning, MM's using this to drift the price down a touch.

They have moved there bid from 16.5 to 18 this morning. They always seem ahead of the game from my experience.

Any thoughts on Chelverton selling off 1.5m at 18p today. Hedging maybe as still risk.!