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Our sp has suddenly gone down from 99 to 97 in the last few minutes. Still up 7% on the day, but I was hoping for a lot more, tbh, after all the massive drops we experienced. And this morning CNE is up 5%, almost as much as us! But when PMO tanked 5 or 6% several times of late, they were only dropping 1%... I see no logic in that. I do think that £ 1 will be breached today.

Givingthelowdown... Good luck with your choice. There is not one, but a million reasons why ENQ is good value. Or poor, I should say. All they have is Kraken, which is not even performing well. If you are a day trader, then well done for selling and making a quick profit, otherwise I see no sense whatsoever to sell PMO the first day it rises after all the huge falls we have had recently. I do hope ENQ rises for you, but I hope that PMO will rise a lot more, as being in the 90s is a travesty of law and can only be explained possibly with a potential bid to buy us.

A year ago today with Brent at these levels or lower, our sp was 126, but 12 months later we are still in the 90s, despite: - 1 Billion debt reduction in last 18 months - Record production from 60,000 to 85,000 - Tolmount huge potential - Zama huge potential - Sea Lion - Greatly reduces operating costs The question is: why are we then 30% down on sp compared to last year? In my opinion we should be at between £ 2 and £ 3 a share now, with possibility of reaching £ 5 once debt is all but paid, which at this rate, should happen a lot sooner than originally forecast. Sp still under £ 1 and 50% less than it was in October last year, only 8 months ago. Absolute bargain.

Hi guys, I told you this morning that the trading update was super. No nasty news of hiccups with production or a Rights Issue and dilution of shares. No more bidding for Chevron assets. Debt lowered a massive 1 billion in the last 18 months. Selling now that we have just gone through a near 40% drop in sp in the last month from 110 to 87 yesterday morning and still in the 90s now would be absurd. Day traders will do that. I won’t

Dodger16... Krakenoil would dream of this super RNS for his ENQ

Krakenoil... sell out? What are you on about? It’s a super RNS. We will fly today and for weeks to come. Oil at 72.20 is great news too.

Polemic... Are you alright, mate?

MysteryGuy... I’m afraid Sankeys and his compadres are pathetic at best. Laughable and highly demented to describe them in a more appropriate way...

Pmo Down 6% for a two day loss of 4% CNe down 1% for a two day gain of 4% Enq down .5% for a two day gain of 3% Tlw down 1% for a two day gain of 1% Pmo the clear winner

Mrd5432... your 3 months gain have gone, you say.... my 5 year investment in PMO has a 70% loss. It could be worse mate... consider yourself lucky

Taverham.. but we have the same CEO as we had when our sp was 148 only a few months ago! Your theory doesn’t stand...

MrEMC2.... Obviously I hope we won’t go to 70p or below. I wish you luck and can only say that this share is worth £££££, so for those who have money to invest and can afford to buy it at far less than £1, I can only be jealous, as I have no money left. Good luck

Mrd5432... I know, mate. Keep up the positivity and I read your post the other day saying that I sold out and left you on your own to defend PMO and fly the flag for us here. I shall never sell for many years, as this is a huge long term investment. I am not a day trader. I tried and failed miserably so many times, so I shall just hold on to the shares, get frustrated and angry and all the manipulation that’s going on, but never give up hoping that this will go £££££ as it richly deserves. Stay strong.

MrEMC2 and Venger... So you what to zoom out to 1017 when the sp was below 70p? Why go that far? It was 55 at Xmas, only 4 months ago? But I suggest, on the other end, that you rewind to 2011 when it was 550 or even 2014 when I bought at 180... now that you sold, you are trying to wait and buy as low as possible. Clever, but hardly moral, since you are deramping like mad now!

ROCKLAWN... 5% down at 86. Forget about oil. PMO is a law to itself. And a hugely disappointing one at that

Halfpenny... No. you don’t get it! August future shows Brent at $ 70.32. Driving season kicking in. Last summer oil at 85. Where is the doom and gloom, if I may ask? And why is PMO down 5% on a day when Brent is Rick steady and other shares are barely changed?!?

JOHNNYDELL12... Hi mate, I hope you are well! Yes, I have been here all these years and our shares are worth less than half what we paid in 2014... Despite debt reduction, huge oil fields discoveries, reduced operating costs and 30% oil hedging at $ 70. And there have been rumours about a possible bid to buy PMO, which in normal circumstances would make our sp fly, but it isn’t to be. Even an abysmally run oil company like OPHIR attracted interest and was bought at a huge premium. Looks like GS and their compadres do not want that to happen to PMO. They are making a fortune on all the day trading robbery which has been happening all these years. Good luck to you and all.

I keep reading all the scaremongering posts about Trump staging war on oil, China no deal etc., yet Brent is well above 70$ which is towards the higher end of where it has been trading in the last 8 months! PMO sp has no longer any bearing on the movements of Brent. It’s 100% clear to me. Oil goes down we tank. Oil is steady, we tank. Oil goes up, we don’t rise.

Oil recovered to 70.30, which is where it finished yesterday, but PMO is down 5% to 86, whilst other oil shares are either down 1% or barely changed. It says it all. Rotten manipulation.

Hi everyone. I had said goodbye as I was upsetting people with my frustration regarding our sp manipulation and constant suppression by market makers, shorters, GS RNS and all that. I have followed all discussions since I left a few weeks ago and can now see that everyone here is as frustrated, angry and shocked at the hugely disappointing performance of our sp. inexplicable and highly puzzling to say the least... I cannot see any posts whatsoever by all the keyboard warriors and detractors of mine, who vilified me, ridiculed me, called me names, swore at me and wished me death... AlfaMale, Grippa, Oiluser, Sankeys, Ammu123, Owls and many other horrible posters who only ever said horrible things about me and never once commented on PMO as a company, the oil market or the share market in general. Here are my points on the situation we find ourselves in... - A few weeks ago we were trading at 110 with oil at 74. Today oil is at 70 (so down 5.5% since then) and we are trading at 86, which means that for a 5.5% drop in oil, we now have to see a staggering near 30% so increase to compensate for that. Yet, when oil went from 69 to 75, our sp barely moved. - Oil is down from 85 in Oct last year to 70 now, so it needs to recover 22% to go back to that, whilst PMO is down from 148 to 86, which means we have to recover a staggering 72% to go back to our sp then. - On day’s when oil is up, we gain the least compared to all other oil shares, our so called peers, which according to everyone, offer not even remotely the prospects, oil production, projects, good news in the pipeline and operating cost reductions that we can boast. Yet, when oil goes down, we tank several times more than they do. So for example, on a typical trading day, yesterday oil shares were up and CNE gained 5.7%, ENQ 4%, TLW 2% and PMO 2%. Today oil share are down and PMO loses over 5%, ENQ only 2%, TLW 1% and CNE 1%. So over the two days, CNE gained 4%, ENQ 2%, TLW 1%, but PMO lost 3%. This trend is not just for the last 2 days. It is what has been happening since Oct last year! - With other shares, excellent news like Zama update, Oil constantly above 60$, reduced operating costs, hugely attractive Tolmount and Sea Lion prospects, would propel the sp like a rocket to highs never seen, let alone hoping to get to a miserly £1, but with PMO, they have no effect whatsoever. In fact they take the sp down with no plausible explanation. - PMO so lost 12% the day it was announced by the media that we may bid for Chevron assets, as that was seen a foolish move, due to our debt situation. But now that we are no logger bidding for it, our sp tanked 18% in a week... How do you explain that? - Some have claimed that TD is doing a good job.. Hello?!?! Our sp was 550 in 2011 and now it is 86. 99.9% of MDs would be sacked instantly, if they oversaw a 90% drop in the share price. But not our TD. He laughs. He smiles. He says everything is ok and PMO is meeting all its targets. What targ