Member Info for Mommur

Would appear my timing was early in accumulating in the mid 40's. offset by recovery in FPM, although in the red due to SQZ retreat. So much for debt free E & P companies. Hopefully it will come right and I'm considering averaging down on PMG. Perhaps PMG are in a similar position to SQZ and need to purchase a production asset for another revenue stream to ignite attention. Unfortunately Private Equity seems to be gobbling up assets in to large morsels for these companies. Purchase a bigger asset as a consortium? Who knows.

Share the frustration, have added as time goes by since 2009, with around 100,000 accumulated. As a "long term" investor, it would appear to be building nicely at present, but this management has a habit of going out and purchasing assets which negates any share price increase, with no reward to shareholders other than - just wait. Apologies if that sounds negative, I wouldn't be holding this amount if that was the case - perhaps this time it will go into orbit and stay there.

Believe the abandonment of Athena is in two phases - all surface and mid water assets removed (risers/fpso) and trees/manifolds still in place on seabed. Seems it was credible to re enter and tie into perth hub at later date. With FPM out and no sign on horizon of perth development - I do feel its been part of the drag on sp. Open to discussion!!

Why call Mr Cross - he is intent on making a successful business. Not on first names myself, nor am I suggesting he is doing anything but recouping legally his largess. Holding at present with an average in the low 40's - perhaps on a down day we are allowed a small "whine"

Lets not get carried away with FPM - I'm losing far more on them than PMG. Yes MC has tripled but share price is back to what it was in 2009. Perhaps its a common theme with E & P gravy trains - continue to take a fat salary and maximise pension/options on a military scale. Why bother with share price when its all about milking. Institutional Investors for whatever reason go along with the grand scheme. Whether PMG spin the drill bit on a Licence and a CoS gamble, or "finance" a purchase - its a poor show for PI's.

Wouldn't surprise me to see Ula and Tambar under scrutiny for an FPM purchase. With all the recent good news and ongoing developments, the SP has sadly tracked AIM and should be far higher. Malcy, has it right on this one but it has never really been reflected in its share price and perhaps its time the company made a concerted effort to remedy this. Goodbye AIM for a start.

I've always considered that there is a symbiotic relationship between PMG and FPM, which although now Norway and UK based positions in the large, it could lead to a merger, offer from FPM, if the UK goverment applied some incentives to drill, develop. Like a number on here I have continued to accumulate PMG as well as FPM and SQZ over the last few weeks. No explanation should be needed. Purely my own opinion, but we are bouncing on the bottom and its all purely time related - I can wait. GLA

Likewise another 5000 today - broke the mould on never buying on a Friday, but sub 80p has tempted me all week.

Topped up myself, yet again, at this level, so now running with 100,000 myself. Just feel its time for a decent return on my investment, as do many of the long term institutional investors I surmise. When I look at my NAS,SST,LWI trusts I cringe at my perpetual enthusiasm for FPM. Whilst everything is distorted by poo, its depressing after Brasse news to be yet again on a downward spiral - makes me want to sell the tranche bought in the mid 50's. Will hold judgement ... sugar I am at it again

Added a further 5000 shares myself today sub 83p, as all mention - Delek are likely to support their investment and the companies fundamentals haven't changed. GLA

You cannot ignore the fact that management have taken this from a £50-70 Million company to over £300m now. Its a crying shame that Institutional Investors and long term shareholders have not seen this reflected in the share price since 2008. I have always had a core holding from 2008/2009 - which I might add is still underwater Yes FPM has climbed to +200p a couple of times, whereupon I top sliced and have added at opportunistic times (recently in mid 50's) - but it always seems to be jam tomorrow with this company. I can understand why KNOC sold - and am hopeful re Delek - although I suspect they were just protecting the investment at sub 84p. and yes I did add myself. If this sounds negative - its not in any way meant that way - just a perspective of how my FPM investment has gone - although its a significant holding now. I'm still optimistic, but when I review how FPM has done against my Investment Trusts !!! GLA - Perhaps Delek will drive FPM to greater things and an increase in SP.

Added myself and now have way to many..... happy to let Delek make me an offer I can't refuse.

Perhaps Delek wants to add a few more shares at the right price?? Everyone rates this share - but it is never reflected in the SP. Hey ho - all my Investment Trusts have 2 or 3 bagged whilst this holding remains stagnating - fool or what!!

Don't know why this is such a silent board with no interest. Held CBG since 2009 when it is priced at a lowly £4.00. Enjoyed the dividends and more than pleased with the capital gain. Whilst my Barclays holding !!!!!!!!!

Held a large holding when Dana/KNOC had around 18% of FPM, takeover never really on the cards that time round - perhaps as we are now a different animal?? Info on potential drills later in 2017/18 would be timely

Roll with the punches la. Holder myself

In doldrums after the Bone drill, with majority of works this year work on assets. Good recovery from low 90's and perhaps this time round they will utilise cash generated rather than issuing equity for any tempting morsel. Its timing, so back to sleep for me. GL

Like minds Urraca ... made me laugh how you have phrased the reply. Whilst it would make me a very rich man, I can't see Faroe buying Serica - they have more or less given up on UK, other than the producing assets they own. I would more consider buying PMG if it continues to fall - very interesting. In a similar vein, I also have a substantial core holding in FPM and have been vociferous to company about the tendency to issue equity and its about time something is reflected in the SP.

Agree, with regard to volume. And yes some of us know about eco, and probably like myself, were waiting for a retrace to below issue price on the back of original investors monetising. Watching brief for myself for the next few months.

Was wondering last night whether we would lift to 46p or descend to 40p ... !! Have ended up with considerably more PMG shares than I intended, having averaged down, so glad of the bounce. Hopefully we can hold on to it. Was a tad disappointed that no information on future strategy re Perth was commented on, nor the relinquishments. On the one hand we have FPM obtaining a licence 6 months ago in Ireland and farming out for a free20% carry to Nexan - surely TC has something in mind. GLA>