Member Info for Mommur

Strangely enough I bought a tranche of BP shares at 195p to support my SQZ holding!! Perhaps another consideration will be to move to the main market rather than AIM to be mentioned in the interim's. Happy for all holders - new and old.

Typo - i should have said I added after each and every one of the 5dry/ uncommercial drills

Good to see the discussion, now considering the CoS and the odds on success, along with Institutions firepower if a dry hole. I wish you all well, whilst I await the results of the first well. From personal experience with SQZ, I added after 5 unsuccessful drilling operations and the turnround only came with the purchase of producing assets - over a decade of an event horizon. Lucky me. FPM I held over a similar timeframe and fumed at how little regard they gave to shareholders. 5 drills for LBE - it could happen but have some ammunition to double up - GLA

When will I learn, back from break even to 15% down - not a bad return from 2015 !!!!!!!

Still hold a few thousand of PMG in the bottom draw, but it seems a long time ago (2015) they tumbled from over 100p to circa 55p in 2016/2017. Lots of peops averaged down from a far higher SP, from where I bought in in the 55p range. Business strategy reminds me somewhat of FPM which acted like a private company, paying tidy annual wages and kept the boys happy. So 6 years on my return/losses are nil - but glad I offloaded 90% of my holding at a small profit. I did hope for a tie up with SQZ, but I just can't see any appetite for the sour fields, which even FPM walked away from. GLA but it may be a long wait.

2010 - £10
2015- £20
2020 - £30
2021 - £48.50 LTH for me for around 16 years and I have no complaints !!!!

Took the opportunity to monetise my trading shares Thur/Fri for a handsome profit from sub 100p purchase. Was around 5% of my overall holding, being a fairly substantial amount that was readily absorbed. No other reason than having some powder dry for any delays - not that I am expecting any and see R3 online in the next couple of weeks.
Now back to my Sunday musing on who SQZ are running their slide rule over or cooking a deal.

Naah, just back to when I sold 30,000, 5 years ago. Been a while for the remaining 12,000 to recover. I know, I know its all perspective and timing GLA, I did buy more at 35p so all good in the camp.

for 5,000 at 60p. 5.75% holding in OIT which I hold and the've been pretty good at picking winners - hoping to build here.

God bless them, this lemon is now fully squeezed. Their is no doubt they are masters at building MC, but SP is not in their event horizon, although hedged for themselves.
I keep a watching eye as a LTH in FPM they plumbed the depths of 50p a few times from 100p and I may just be interested. Initial dry hole and I'm in methinks. Pretty good odds.

I did think that SQZ would be running the slide rule over PMG, but seems from the Herald gossip this morning, PMG is a tad to small. Still my holding here is back in the black once more. GLA.

Well said, MarkGo. It cost me some SQZ at 120p to purchase a fair tranche of BP between 195-200p. As you say its all perspective - I am now reluctant to sell my BP shares but it was compelling at sub 200p and I sincerely hope holders added to their holdings.

Just be careful with this management, FPM descended from its issue price and looking back I bought my first tranche in Sept 2008 at 122p, only to be buying more at 50p 2 months later and accruing between this price and 70p until Aug 2009.
Yes it did take off and hit 200p, 12 months later and yoyo'd until sold at 160p in 2019.
Not good if you are a holder unless you accrue on the dips. Where's the bottom - no idea but first drill is critical unless a further deal is in the offing.

Serica are a partner in Skerryvore; perhaps they may be interested in "assisting" Tom Cross with more skin in the game.

After a brief spurt, a tortoise needs a lile sleep - check in a week or so when Columbus is completed - or Serica two/three/four weeks!!
Ride on mower is the answer although mixed with beer you dinnae get the stripes to straight

You might add that peops tend to buy pre ex divi date, leading to an increase in the SP. All being all, we are in an upward trend. GLA - last week certainly added a bit of balance to my portfolio after such a long time. Only another 30% to catch up with my investment trusts!!

for you all. As mentioned previously this management consider this more as a private enterprise, with the focus on MC, so be prepared for helterskelter ride. Speculative to say the least going forward and a dry hole will hurt the SP.
GLA

Been around a while myself Investoroilgas, since 2009 when drilling the Conan prospect when the sp was 55p. I never lost faith during 2011 to 2014, continuing to purchase and fortunately hugely averaged down in 2015 when the shares were 4-5p, when sitting on a substantial loss.
Fully agree with your comments and I harken back to when this board didn't bemoan our Directorship who have and will continue to develop SQZ as the timeframe allows.

I feel for you guys, waiting while the boys club of Directors "play" as they are not ready to retire just yet. I was a shareholder in FPM for over 10 years which was run like a private company, with little regard for the SP - the Market Capital certainly increased 5 fold, but the SP was a toboggan ride and the buy out was a give me- with II's and retail investors bailing.
You see similar honey traps at PMG and JOG - directors salaries paid annually and the network working handsomely - lets not even go to CHAR , SEY, BLVN.
You never know this may come good although I personally think you will be diluted to death if they ever get a deal across the line. Personally I prefer, SQZ which despite the set backs in drilling and lacklustre SP in the last couple of years has quite a number of positives happening between now and Jan 22. Each to their own and good luck.

So JX Nippon and BP want to offload Andrew - gets more interesting by the minute as we go towards Jan 22. Also looks like I have not had the opportunity of purchasing another 50k sub 110p, barring any disasters. Roll on dividend payment.