Member Info for MaverickD

Out again…….too much sell pressure

To trade sub 10

Production will definitely imnprove - we know that much, but the numbers would be helpful can they find 8000 bopd.

Tullow Bond price has ticked up again we are at 90 today - SP will react positively and Brent should hopefully play ball too

I’ve dumped a chunk of changed into TLW as that in my view should have a recovery…….although never dreamt that IMMs sp would be more than TLW. We will see what happens.

No sour grapes though guys I’, happy for all of you that were braver than me - I didn’t have the minerals to hold that extra 3/4 days - just dip in and out to add a little jam to what I made.

Congrats to you all

I’m scalping this now and that’s all I can do and yes fundamentally it’s the cost and the sheer scale of the move. I called gaps which haven’t materialised yet, but we will see. I’m happy making money where possible, but gutted at the same time.

No sign of Peterpharma he was a pain here for years

I got some at 12 and just managed to get a sell through at 13.5, too scared to really hold buy happy to play the game. Used to be able to buy 200k - can’t do that now

Consolidating here and then a move up. New CEO in place and hopefully some green shoots.

This is now all in place for a good re-rate. Expecting buys this morning and a move back up. Just a case of waiting

I still believe the gaps exist, but I can’t for 1 min explain how we got to 15p. Lanstead will be dumping like crazy and only a fool will think they haven’t unloaded all shares they own (60m) at 3.75 and haven’t taken their 2p options.

Come on the longer term holder like me must have sold now……..hopefully you all got more than me on an average basis

Even got that wrong……14 on the bid

In and 11.5 out at 12.5…….had to earn something - this has me dumbfounded

All those sells being soaked up

On our way to 77p, although I think Baghdad have signed off on discussions held last week - wait for the official RNS confirming it has been rubber stamped

Moving up nicely along with GKP…..sign off??? Let’s see

@Tmirz its just a case of adding extra when you can because it will have a move upwards, but take what you can at this level. JMAX is correct on many of the statements he has made and his call to sell was appropriate, but the price is where it is based on production and the fact Kenya was essentially sold off for pennies on the pound, but that was for the greater good for the business as a whole. If we were flush with cash we’d probably have retained it, but the task Ian has is to boost production and renegotiate debt repayments by Oct 26. He is a well positioned CEO and would have no doubt been aware of the challenges before accepting the role. His insider contacts may well become useful in the next steps the company takes. We have consolidated now and in my opinion will step back towards that 16-18p range in no time. Significant improvements in bopd will see the sp really rocket. Bond prices for tullow also improving up to 88/89 today, so the SP will no doubt reflect that improved confidence also.

Nice 143k buy filled, I managed to add 25k too and looking for this bullish move to carry on after we have consolidated. Brent also closing in on $67.

@Jmax yes the sale of Kenya was necessary and as you say at a write down, which for any tax purposes will be beneficial. 120m in the grand scheme of things had to be done, as committing money on a project that might swallow up the business. Cut the arm off to save the body.

All funding now directed to Jubilee and Ten to boost production. We need to get us back to 48k - 50k and with a good producer or 3 this might well work out as a great turnaround.

The business has recruited well - Ian Pearce is now a CEO with 30yr plus experience at top tier peers - BP, Total, Anadarko. He will instil confidence amongst stakeholders, including the financiers of the business.

I am buying on a great potential - this could easily be back up significantly from where we are now.

Yes I sold some at 4.1 and again above 5 and finally when we hit 6. Some in between trading to add some jam including yesterday early doors, but I was holding 1m shares at one point and if you look at the holdings for directors Tim McCarthy he himself holds just under 1.5m - so I was holding a fair chunk.

Oh I did also sell some at 3 something too.

Well I have been in the position thankfully of when they did not require money they opted to accept an advance from Lanstead as their partners at 3.75p. Turned out they needed the money then and the last accounts update they held £400k. Obviously funding is necessary, but the flip side is that unless the partner announcement is released this could fall pretty hard amongst all the euphoria, which has been missing in the 7/8 years I held. I have now revised down my potential buy ins and will average up or down depending on how much money I have

Well I have been in the position thankfully of when they did not require money they opted to accept an advance from Lanstead as their partners at 3.75p. Turned out they needed the money then and the last accounts update they held £400k. Obviously funding is necessary, but the flip side is that unless the partner announcement is released this could fall pretty hard amongst all the euphoria, which has been missing in the 7/8 years I held. I have now revised down my potential buy ins and will average up or down depending on how much money I have