Member Info for MaverickD

I's sure it will. Only annoyance being that anyone joining the party are getting in at a steal at these levels as it is a minimum 100% from here!

For those that watch gaps there is one between 3.75 - 3.95. I am sure this will go up and fill that.
Good too see the strong volumes here this morning fighting to get this over 3p.
Positions being taken. A 50% rise is only 4.4p though, which I know will be disappointment to a large number of holders!

Now the dust has settled I feel we are going to see an equally strong bounce here today. The production from a single well is circa 15,000 barrels. Reviewing the presentation slides that they achieved $81.9m revenue from 7 liftings of crude during H1 at an average cost of $30 dollars. Cash cost per barrel was $18. I think in H2 we will see the average price realised from BP at around $38-40 and that should see a significant bump up to revenue - at least another circa $20m. So we should see revenue for H2 at around $100m.

Liquidity position of $106m looks healthy in this climate, as every oil player has booked hefty impairments for the 1st half. Capex has also been curbed, with no need for a further commitment well.

Yes we have had a marked reserves downgrade, but we need to look at this as in where the SP is. So much was priced in before, we are no longer trading circa 50-60p. At 3p this presents a value opportunity and I will be adding again this morning. We saw a number of stops taken out and sell orders filled on Friday. Monday for me could easily see us heading back up again - Brent edging higher too.

This is a takeover target at these levels, taking into account the licences, production, potential and the tax benefit this would offer a bigger outfit.

Will see a bounce on tomorrow it is over sold and think this will make a bit of a recovery tomorrow. Getting back to cash value would be a start.....GLA holders and new buyers!

Here she comes - last 30 mins

I can see this catching a few out.......looks set to go. MMs got to hand it to them shook the tree and the vermin came out. Now for the pop

I can't help but add and add

Looks as though we are building for an interesting 90m

I can see a rush towards the end, because the way things are going Avion could advise of FDA response next week. I am speculating, but this is how it works - someone must have given the institutions the heads up on news. I am guess this could be Ureka and CV related.......just something else to mull over

Looks that way - like I said I expect 4p+ now the orders filled - all buyers now

Buys are already more than sells, mms have used the spread to deliver the current price. A lot of stops have been taken out and the margin investors have been hit!

Kitchen sinking yes......but will be heading up as these prices are there to fill the buys

We could well get something re: UREKA anytime soon. Nothing has changed and targets remain intact

Dark Energy - think you were stupid in that case, because at 40p the jury was out. I do think with the information we have we can see that fair value is a lot higher than where we are. T
he assessment of sandstones formations could yield significant volumes of oil.
Market cap is currently less than cash balance and that alone will see this bounce to 5p alone.

Submission with the FDA - we could well have news any day........it could come Monday or over the weekend. What we have established is that it was calendar days and for me I can see this pushing higher into the close.

MMs using that spread to cover all the buys ........ once this settles down and all the margin traders are toasted will see a nice rebound. Cash $106m and production 15k all for 3.15p

Ironhide - you back in then? I can see this heading back into the 4's today........patience - oversold

Bottom in - chase back upwards

Nice volume 1m buy filled - should now see this move into the 4p mark. Cash value is 5.3p

DBNO they work on trends, we both know that, so those that bought at 5p had the choice to exit above 6p yesterday - upto 6.5p in fact. I can see the downgrade in black and white the same as others, but we are no longer at 50p+ and I believe the current sp reflects the challenges the board has faced. Still oil in the ground and 1 well producing up to 15k barrels is an achievement and one that I pointed out could well be possible.

Lets see what Mr Market does in 20 mins - there will no doubt be sellers and buyers.......