Member Info for Mommur

DNO want my 100,000 shares I am happy to part with them at an appropriate price. I may moan about the managements fixation on MC above SP and bonus rewards, but did buy/add again in the fifties and seventies GLA - lets hope DNO is not another Dana

myself included, must really grind their teeth when they seen a re-numeration package for last year of �1 million for the MD and other Directors in the �750k level. Yes, the company has grown to a market capital of �475m from around �70m, 9 years ago and what a gravy train for Directors. It has been at the expense of shareholders. Perhaps its time that Institutional Investors stopped playing a boys own club and disinvested when their is such a disconnect between MC and SP. It should be a balanced act. Gripe over - perhaps if Directors were paid with shares at the current rate, we would all be happy.

Putting aside a rising share price that shareholders want, the Directors are in the process of building a Company. With Verus snapping up a portion of Alba yesterday, they may well be in the mix for Endeavours portion as well and perhaps we may get a chance of the Columbus portion. Faroes Petroleum is a prime example of a company that has increased its market value at the expense of the share price over the last 7 years and only now slowly recovering. Timing wise SQZ could well raise cash via equity or finance for the right assets. Being a long term holder, I remember the days when we had $100m from the sale of our FE assets and were then extremely unlucky with the drill bit. This cycle time, perhaps we can buy assets.

As both EOG Resources and Endeavour have their percentage of Columbus up for sale, my concern would be yet again delay in a final FDP. On the plus side, perhaps we are looking at a purchase - on the downside are the current owners in a position to go ahead with Columbus - or are we awaiting new owners. Will be interesting to see who finally buys the EOG/Endeavour Assets - hopefully not as a job lot

Anyone done some ruminating on the actual costs to Serica for the pipeline bypass?? I am assuming that although Chevron and Serica don't own the Lomond to N Everest pipeline the original field development (Erskine) not only paid for transportation costs but had a clause due to the wax content of Erskine condensate and the module installed onto Lomond for separation. Chrysaor, I am assuming have both Lomond and their Erskine production halted, so it would be interesting to amortise the likely costs to Chrysaor/Chevron & Serica - now is 40 days revenue pre or post tax??

2 weeks of bliss on holiday, without logging on. Seems I may have to do it more often, looking at SQZ, FPM and PMG. Roll on Arran development, as I figured it was probably the route being taken. Mayhaps we will purchase PMO's slice of Arran if its still up for sale and you never know, BP just may sell their Shearwater percentile to us in a couple of years. Added a further 50,000 around 70-71p, so hope you all added in a similar fashion - or at least held on!! GLA.

Been here a fair while myself and offloaded 100,000 at the dizzy price of 91p. The delay in restart of Erskine has in my opinion, been overly detrimental to the share price and what I thought was a good "back in price" in the 70 -75p range has not been overly astute. We are at roughly a 30% retrace, with fundamentals still in place - I'm happy with a new baseline here with everything to play for. Watching for now is fine, but that's considering the Lomond to N Everest not being fixed - Iran causing problems with Rhum - Rowallon Well not being spudded this year - I'm an optimist so better to be fully loaded - GL all the same.

Endeavour Assets have been up for sale for a while now, but re ignited today. Perhaps we have bought their 25% of the Columbus Field to add to our percentile.

Selling is only small beer, but more complicated is no buyers at these levels - besides myself !! With BKR revenue back paid to start of year, we have a second stream of revenue - Erskine production is only deferred. So the question is do we need cash now, over and above what we have in the bank????

helped myself to another 20,000 sub 70p. Not a huge amount of turnover here... for my sins I have ECO (22p) and CHAR (sub10p) but not liking the action there anymore. Serica, i'm comfortable accruing - GLA

and the Hardy's adding in the low 70's ??? Each to their own, but it is compelling that partial communication has been achieved on the Everest to Lomond pipeline - it means that solvents can be utilised or if a pig has been utilised initially and lodged , pressurised back to Lomond. From memory their is a subsea NRV on this pipeline and I'm assuming that this was opened a while back. Near term - lets concentrate on Rowallon and Columbus, BKR and cash to come later. We have one additional II onboard, perhaps we will see another as things develop, or incumbents increasing their holdings. That must be me!!

another 20,000 at 70.76p. need to change monicker to Laurel and follow Hardy !!!!!!! GLA

to peops that caught the 68p purchase... took my eye off the ball typing an e mail - ne'er mind enough already, but like to take advantage of these shakes. Pulsing has been going on for a number of weeks now, with probably diesel to break down the wax, must be a particularily bad plug. So long term, other than more methanol injection and pig runs, are they considering a new pipeline????????

I would opinion that we have just moved up to our previous trading range bottom in the low forties. Has been an opportunity to add shares (I did), so I have an average of 41p strangely enough. All to play for and perhaps a time frame longer than some would like. GLA

on whether the blockage has been cleared in a similar fashion to last time. Time period for this was 31st July to 13th Sept - 6 weeks. This time 22nd Jan - this weekend ???? Chrysaor has both Erskine and Lomond shut in, so I expect they are on the case. Took the opportunity to add again in the 75p range - this is defrrred and Columbus news is getting closer. perhaps Arran is the preferred route now, with the hope that Bp will give us Shearwater in 2 years time or all of ETAP - conjecture only!!

that accumulating shares on any reversal and sustained baseline has worked on FPM and is in place here - good luck all whatever strategy you utilise. Mine are in the bottom drawer.

Certainly don't want to rain on the parade here, with a bit of optimism being engendered, but a pinch of salt is maybe needed , re timeline. If we were to forget the dizzy heights that the SP went to a few years ago and accept our baseline as 35-40p, Mr Cross will have another successful company in 5 -10 years if Perth finally attracts some interest and financial backing - time will tell if the SP reflects the success. TC is and was a great admirer of the FPM business model, whose share price still reflects what it was in 2009, although the MC has increased 5 fold. Holding 100,000 of FPM and PMG, so I am purely pointing out that in my opinion this is "long term" but certainly happy to be proved wrong! Oh to be an E & P Director, salary and options for the hard work and does it really matter if the SP languishes - AIM !!!

Question is do I sell half and have a free ride, or average up !! Awaiting news re Total.

Good to see you still hanging in here or accumulating!! I don't know about pretty pleased as I have a pretty big core holding that's dropped into the 70's, although my offload at 91p has been used to repurchase. All good, re long term - news soon hopefully

I would expect quite a few peops added here with a descent from low nineties. From my own perspective I added a considerable amount at 77p and then again at 72p. Would expect news shortly, re Chrysaor, so perhaps an uptick in volume is now happening. GLA - in my own opinion, its a simple buy.