Member Info for Mostyn

Somekindofdonut.....it was Vlad and I taking about the moon by the way, but I get your point. Im keeping an eye on enquest too. One of my other oilers nautical petroleum(before it got taken over) had success with kraken back in the day so I'm keen to see that pump its first barrel. A bit heavier api if im not mistaken. Nautical and encore oil really openned my eyes to oilers

Yes any sizeable buys are a good sign big bench. Im glad you dont want to be smug. Smug people are never really very popular. However I have witnessed this share past through the 90p-£1 several times over the last few years. So if you'd said a few years ago you could just keep on spouting I told you so. Anyway, my regret is not buying more when the price was lower. Like Vlad I am comfortable with this company based on the fundamentals. Im happy to say the last time I sold my IAE holding at 159p I was able to buy my house mortgage free, I kept a small holding then increased my stake a couple of years ago just before the oil price crash when the sp was a lot higher. Bad timing by me, but Ive held all through and lowered my average a bit. Waiting to get into profit, sell and move on. The GSA has had so many delays im over it. I do expect another in the coming weeks, but thats my opinion. But guess what....ONE LESS BLOODY DAY UNTIL FIRST OIL HEY BB!!

The problem I have with continued uneccessary ramping on absolutely no news is that when we have a delay like the basic and often common junction box delay the fallout reverberates greater due to all the hot air being spouted by people who actually have no idea. This is no good. On another point somekindofdonut, are people really gullible enough to think you can actuallly just take a rig back to the shop if you're not happy with it, or that ithaca would attempt to drill for oil on the moon!!!!??? These posts were only meant as banter and were only written because I was fed up with bigbenches incessant ramping. Good debate is great. Pointless ramping with zero basis is annoying and can actually deter some learned posters who have good information. I am pro ithaca and this is my biggest holding. I think we have great management, great finacial discipline, a good business model and operate in a geopolitically safe and encouraged area and produce oil at industry/area leading rates. These fundamentals are why I invested. I believe in Ithaca. Rampers such as BB can actually hurt me by helping to sway pump n dumping or tree shakes as you might call it. I'm trying to be nice. Thats my tuppence worth. I will let it go now. As ever IMO, DYOR

Bigbench I have lost much respect for your posts, when it was very clear in my 'banter' posts that I was joking. Never fear, Oil is going to go to $250 a barrel next month and at the same time Ithaca might also surprise us to say the GSA is producing an astonishing 100,000 barrels a day. Oh and maybe some big company is also going to offer us £15 per share to buy us. Dont panic, these are just wishful comments bigbench, nothing dangerous intended!!

Bigbench, you got very upset when I posted a couple of joking nessages about the fpf being towed back to gdansk, so your comments about banter are laughable. Vlad makes a good point IMO

Russia and Saudi are key though

Iran are playing ball at the mo. Thier jan uplift is reduced, so it seems they are sticking to the script

Cheers monkey, i'll have a look

I'm not reading too much into it Keith because quite a lot of the options are in the money so to speak. Actually in $ many are over $1 in profit so the holders can make several million by exercising and selling now. The more I think about the share options, the less I like it. Ok this motivates management, and yes they are vested over several years, but is it sustainable to give circa 3-4% of the company away each year in options??? Think about it....when the last tranche of 12million options were granted the sp was a lot lower than it is today, but the average % wise of options relative to company value is roughly 3-4% IMO. Hopefully no more major options will be granted in the near future

Cheers bb, Im going to remain active on this board hopefully as I work night shift so it aligns nicely with UK time. If the sp isnt where I think it'll be on my return then we'll have major issues!!! Should be all good

Hey Bigbench, again sorry for delayed response. I do agree with you and that when we get first oil I reckon we'll get 15%-20% spike and it'll settle temporarily, and as the oil production increases so will the SP where I feel we will be in the 150p+ range. But a couple of factors that will help/hinder this either way..... 1. As production increases, we will also be getting closer to the RNS that says we are fully hooked upto the export pipeline and no longer need shuttle tankers which will increase SP momentum. 2. OPEC and NON OPEC countries somehow manage to keep their deal afloat this maintaining and increasing POO and this too will maintain upward momentum. 3. A deal is announced for more GSA or N.Sea acreage OR 1. Price of oil stagnates and possibly falls due to OPEC/NON OPEC incompetency But before all this I expect another GSA start up delay. But eventually in the next few months I agree we should see considerable upside. I'm not fussed on any more delays and will look to buy more if this drops back into the 70's. Regards

KeithR39 Sorry for the delayed response, travelling to Australia at the moment. If you follow this link: http://www.ithacaenergy.com/investor-relations/results-reports and view the 2016 Q3 results, click on financial statements then goto pages 16 & 17 the total number of options and relevant exercise prices are listed. I am surprised by how much this has increased in a year. Over 12,000,000 issued, but from what I'm led to believe this is OK. I'm not happy about the average weighted strike price of the recently issued options, with the majority being at 40-70c I think (without re-checking). But this number is now out of date as some options have been exercised. IAE are actually going to update the figures on their website soon. I noted that a large chunk of historical options expired which I was happy to see. (I know that options not being exercised normally points to doom and gloom, but I know IAE well enough to know we're not going to go bankrupt, so any options not getting exercised means less stock in the market and a higher price for my shares) Steven Esson is the man you can ask at Ithaca. His email is: sesson@ithacaenergy.com Although he didn't break down exactly who held which options and I can't be bothered to go through old RNS's to work it out. Hiope this helps

Also bigbench, you are ramping IAE just a little bit too much on no news and I feel, for me this lets you down a bit as you have posted some great stuff overall. No offence meant, if I have caused any.

Kejoglo, Prior to the last 11months of straight line share growth, this share fell off a cliff from over 150p to your bottom of 20p Many people have been holding for well over 11months as many were invested for the GSA transformation which is long, long overdue. Any more delays and we're going back down. I foresee another delay I'm afraid IMO, just wait until the RNS early in the new year. But with any more delays will come a buying opp. I am pessimistic on the restated FPF start up date. Not due to ithaca, but the bag of c r a p that is petrofac. Watch this space.

Dont think it will be enquest, theyvhave too much debt and can barely manage it as things stand. PMO would have been a serious contender if it wasnt for their debt pile again. They got nautical and quite a few other N sea assets and IAE would have complemented their portfolio and provided welcome cost saving synergies. The chinese firm that purchased Dana is my bet, I doubt Delek will try to buy us. They're mincing around and will miss any kind of boat IMO. Pkus they're already circa 50% up so not a bad return as things stand currently.