Member Info for munchbox54

Bigspike. Probably so but it would have been taken a lot better if they had issued the flow rate, also u must remember they have 45% of the 30k bopd so about 13,000 bopd so although it’s good it’s not as great as the 30k bopd sounds as mentioned in the rns lol.

Says it all after such a forward looking rns. Can see this drift to mid 50s AGAIN and even so ...NO I won’t be buying bk. enough ela drama for 2017 in my portfolio lol. Good luck elland n others.

Strange they completed the drill yet fail to mention output. Good potential but glad I’m away from all this uncertainty because holding ela is not normal lol

When it’s takes 6 months to announce any kind of contract and to make matters worse they don’t disclose the $$$$ from it. For gods sake how can u know the stocks potential when your not getting told the revenue ...., must be peanuts.

This share will not get to peoples expectations simply because it’s in Nigeria. The market don’t like it and seems like investors don’t either. Good luck to holders, wish you all the best.

Superg well done mate. Are there any sticks u are following or suggest are good value? Cheers

It's like everything is priced in the sp ..... but how could it be ? ....... but then why is this really struggling to form an upward trend ? Too many questions here and as I've always said whilst trading this stock and buying back again is that' it will always underperform and never forget it's Nigerian assets will never get fully valued in this market.

With such an rns stating the money recieved and with another big g lump some on its way on top of the 5,900 bopd coming online in 4 weeks ...... the stock ends lower and fall the following day, obviously there's a seller unless we know otherwise. I'm looking to exit very soon, decided against holding for the 70-80p level. Dare I say if they occur any production problems at op-7 then 40p it is. If they get good results I can see it rise a few p and then back down. Revbeechy- I'm sorry but your £1 ain't happening to soon. Good luck. I'm waiting for the results and if sp doesn't rise from then on .... I'm out.

Really surprised to see this guy get accepted as he can surely talk the talk but has proven to fail when he tried to walk with petroceltic. To be honest I'm very disappointed with his appointment as there's many better personnel out there with proven success like DR Bill Higgs who has been technically fired from Ophir energy as they look to reduce expenses n made a great error in letting him go. He's someone the city respects and is a much better candidate than the beer drinking Brian

Should see the 60p level breached this week

Revbeechy u must understand one thing about ela ... it's assets are in Nigeria and look at what happened to afren, I know the CEO is different n debt is lower blah blah blah but my point I'd expect the unexpected and I can assure u 100% that there's no way NNPC & nndc will allow ela to have an EASY 45% of 70-80,000 bopd over the next 3 years, I understand where lucky is coming from but his wording shows a different side but his end objective is kind of correct. U will never .... I mean never get maximum value / gains from a Nigerian assets based stock so therefore back to Your original question .... yes I will only exit at 70-80p but if it stays here through to Jan then I will take the offer and move on, remember ela or newcrest should I say have done the hard work and now it's all easy pickings, this is the reason they have called in the big boy as a new cfo because a big debt will be undertaken to try n stop n easy takeover but they will be powerless to prevent it as there are a few funds with very large holdings and we will Get no say !!!

Revbeechy how r u? Without sounding rude is it fair to say most of your expectations of the sp SO FAR have failed ? Mine have some what to but I've got the jist of it a bit better than most. This will always under perform in terms of sp so first things first u can safely forget your £1 by summer target and maybe put summer of 2018 with that being more realistic. Again I would like to stress that I believe this will or should I say elcrest ( 45%) will be gobbled up by NNPC or Ndcp whom are technically both the same company state controlled leaving ela with a chunk of money to move on in to a new province or special dividend payment ( unlikely). Notice of the announcement of the new CFO ? There's something big happening in the background and a large debt facility is getting put in place for either a takeover or farm in from ela point of view but I fear it could be too late, Nigerians hate sharing unless they have got no choice but to.

Lockedin yes sort of fella. Drill To start august with completion taking 30-35 days and add 10 days for tests to complete before tie back in to Production so 45days or so and you can add a few days lost here n there taking us towards end of September and if I was a betting man then I would say the first week of October would see everything through and begin the drill of g-1. That's just my opinion.

I did warn U guys before. I'm sorry for investors who are losing money. The fact is even if the amount is reduced by 50% they still can't afford to pay it and could very easily fold from here !!

This is my point elland. It's never straight forward at anytime with ela, I knew as mentioned before there would be delays n again the op-7 is delayed n looks they are racing against time to make the expected target for g-1 before year end. Ubima as I again said in previous posts will be missed n will go in to production q1 2018 but it shows the fragile nature of doing business in Nigeria. Thank god there was no nasty surprise to accommodate the recent falls but my target for ela is 75-80p and I will be long gone !!!

Just as I said ..... it needed to bounce and wahhhaaaaaaay it did .... thankfully. Lucky & Kevin need to put aside the bickering, let's get back to a nice civilised board fellas. Let's all make money because that's why we are here investing. Hopefully we can get an rns regarding the drill and reach 52p n go past it with relative ease. Come on bod.... where is that friggin rig?

Breached quicker than I hoped. It better bounce from here or next stop is 42p. My price is 55p and I will top up the same amount if shares if it goes 42p giving me a 48-49p average

Don't mean jack squat here. They still make money if oil drops below $40. It's the production targets n getting oil exported is where the issue is. Saudi n OPEC mean nothing if we're not hitting production targets.

Looking to test the 47p target as I said before. Something is not quiet right here, it's drifting lower when there's so much good coming out n going to come out very shortly. Me thinks a cheap takeover will be on the cards here, £1 and it's all over here !!

Down she goes .....again. Looks like we are heading towards 47p as next stop.