Member Info for Mommur

Congrats everyone - perhaps now we will see some more II's show an interest.

I thought your "trip" was onto the SQZ and CLNR boards !!

Anyone come up with likely costs for this as a matter of interest.
With Lomond 100% owned by Chrysaor, Erskine 50% Chevron, 32% Chrysaor and 18% Serica, it would appear that Chrysaor will pick up the a fair proportion, seeing as its there pipeline from Lomond to Everest.

Then again, a package was put on Lomond by Texaco to produce from Erskine, so probably a complicated deal.

perhaps to few Dunder. I am enjoying the journey and always like to run with my winners. As previously mentioned I sold a large tranche a few months back, but bought back when we touched 59-60p. So still my largest holding by far. Was considering calling into the Den of Rubislaw and requesting to go on the board - I think I would be rebuffed like DNO at FPM!!

Providing you can look past Nov 1st and consider it as happening, this company has all the credentials I look for - revenue, no debt, assets & prospects plus momentum.

I was not comparing like for like. I have enjoyed your positivity on the JOG board for a couple of years and understand your enthusiasm but this is the SQZ board where we have a more compelling model for ensuring shareholders partake in a rising share price.

Nice to see you also see the merits of SQZ

to DNO reaction to the rising share price. Certainly the Broker upgrade has added a certain amount of spice and presented what appears to be a basement price without any premium. As we are drilling at present, it just may be that we will see an offer with a 20% premium shortly, or perhaps DNO are willing to see how the drill bit turns and low ball on a "dry hole". My bets on a bid shortly - but either way we would still be "in play"

sometimes how peops define risk when considering E & P companies. From SQZ perspective I don't see huge amounts of either selling or purchasing, so I expect we are looking at a sure fire hold going forward at these prices. I have to admit offloading and re purchasing at 60p a portion of my holding, but have resisted at this juncture.

Would I rather look at CHAR on a CoS of 29%, JOG on its potential Verbier Asset, PMG on its profits later if Nexen ever play or SQZ on a game changing deal shortly, plus all the other positives, Erskine, Rowallon, Columbus, etc, nope I know what I would purchase.

Keep the faith, we may not multi bag from this point but we are positioned to become a mid tier company and revenue provides the ongoing answer to "no debt"

Still hold a tranche as a free carry, so tend to look in every now and then. Discourse is certainly amusing whilst awaiting drill. I try and keep an open mind but like a lot of small E & P, CHAR seems to be now playing out a Directors renumeration plan. Luck with the drill bit would change all that of course, but Mr Hart at Bowleven and even Antrim Energy ring a bell on how to eek out a salary at the expense of shareholders.

Only my opinion of course and I'm sure newbies will be quick to sit on the other side of the see saw. Personally I'm letting 60,000 ride.

Far from it, for my sins I had around 1 million shares in Trap Oil at the end and it still hurts, although the 10,000 JOG was added too and in the drawer. Luckily or shrewdly my holdings in SQZ went the other way.

With regard to Meribel and Cortina, time will tell - it all costs and a dry hole really hurts a small company.

My own personal opinion purely, but JOG does seem to be playing out as Verbier only and any purchase of a producing asset, simply not going to happen prior to Verbier culmination. Half the cash goes on appraisal and then a period whilst they sell to he highest bidder. Good business, but perhaps not to good for shareholders. Bottom drawer for me. GLA but it will be a long wait.

Independent Investment Trust selling a few. Over 10% holding which has been scaring me for a while, although been a great run.

GLA

Hmm, been here before a couple of years ago at this price and then proceeded to add more at its basement price for my bottom drawer. Was convinced that my three oilies SQZ, FPM and PMG with no debt were a rational punt. Two out of the three have been exceptional and I offloaded half my holding in PMG at 75p - bottom drawer for the remainder. A good buy?? All depends on your perspective.

as we get closer to the finale, it is remarkable that with the continuing snippets of information with a positive perspective that we don't see significant volume. Being an early bird I added a further 120,000 when at 60p as I am firmly in the "going through" camp.

Perhaps I am to "early" again and we will see a sudden mark up prior to investors braving the waters. My own opinion only but very opportunistic. GLA

just seems logical at the present time if we consider the BKR and BK deals a given in one form or another. As you say nothing is guaranteed but a fillip along the way on the MC side always helps the share price. Perhaps we are looking at Chevrons Erskine portion - that's up for sale too!!

I do remember us having $100m after selling our Far East Assets and were unlucky with the drill bit afterwards - much better to snap up some producing assets methinks with the cash to come - as we already have some good drill prospects.

Disappointing to see that EOG Resources, 25% of Columbus has been bought by Tailwind. I hoped that Serica was in consultation with regard to purchase - maybe they were and the price to steep. Conwy would have been another income stream. That just leaves Endeavours UK assets in play which includes another 25% of Columbus.

This has been a pretty easy punt on a rise from 138p to todays price, but I see no real volume evident. I'm not complaining, all very welcome but would like to see some decent volume showing interest - or are we all just sitting waiting for developments whilst the MM's play?

Don't disagree Workover, I will also vote against the resolutions. I'm purely tabling that our management have sat in a very cosy position for a number of years focusing on the MC, with no interest in the SP, whilst taking salaries and bonuses.
Lol, I shouldn't moan as I have been in the industry to many years and seen the bonuses even when companies are having a bad year.

DNO, rather than this man the board game, should play fair and put an offer on the table. With Chevron & Totals NS assets on the table Faroe could play the acquisition game - more shares, more II's - who knows.

Lets hope we don't get rogered!!!

The share was 70p not too long ago.

Nov 2016 was a painful period for long term shareholders with the price down to 60p. It was basically a retreat back to purchase price for myself in 2010. I might add this was from a price retreat from over 200p.

Whilst my averaged up/down price on accumulating shares is sub 100p, its only now that things become interesting and the SP is in focus, rather than management treating this as a private company with little thought to shareholders.

My 120,000 tranche is delighted to welcome DNO to the fray!!!!

I would surmise that Total, similar to BP have a minimum size on any prospect , similar to BP when they walked away from Serica's Namibia prospect. If and when Total buy in, is the trigger - you take your bets, prior or after on your investing philosophy. Myself I purchased whilst we were languishing sub 22p and will add on news.

GLA

Sounds like another Chrysaor package. I would much rather see a purchase of EOG resources or Endeavours 25% of Columbus. As an aside, as Endeavour is in receivership, how do they finance the Columbus FDP if there assets are up for sale?? Interesting.