Member Info for muscat

That's probably correct. Buy a few each day keep the price up. When rights issue comes in have chance to stock up with cheaper shares via rights issue then on the up ticks sell. If you see any up ticks from here bet you see selling into the rise.

That is why he was in London making sure that the underwriters were happy to take up the rights as many PI's will probably sit on the side lines.Not worth taking up with the price more or less where its been trading over the last few weeks. .09 difference hardly worth picking up the phone. Also probably knows having difficulty in farm out with tier 1's and knows he will have to go to the next lot which could run well into the new year.

Interesting to hear the loan is costing $1.5m per year. I assume its in CAN$ but if in AUS$ we are running a currency risk unless hedged. Is shared with B but what %. also I found very interesting the last comment. When asked about farm out he said some tier one companies have commitments elsewhere and said Ghana. Very strange remark as of all the places to mention this one came up. I read this as he has spoken to other parties and they have mentioned they are committed to this area and not Alaska. Look up oil companies drilling in Ghana and you can probably take them off the list as interested parties in our region. Looked at Conoco Phillips accounts and can't see any with drilling in Ghana. May be they have wish to extend their Alaska foot print. May be putting 2 & 2 together making 5 but just by observation.

The bottom line still remains . Find commerical oil and we all see the sp go up. Another disappointment it goes down- its that simple. Who cares about what we pay them. Get the right results and this becomes a side show. I think enough had been said on the subject. Vote for or against it and have done.time to move on

Data rooms - The whole idea of data rooms is for the interested parties to get the information for technical analysis. The major point is that the date is usually transferred onto computers and the quality of the information provided depends upon the programming ability of those inputting the data. Only a hand full of companies have this ability and are considered experience enough. It is an expensive process and once done they are usually closed down. It still could take weeks/months before the companies concerned actually act on the data provided. one final comment you are usually looking at hundreds of thousands for this process so lets hope they get a bite quickly.

mcivorv2.0 over the last few weeks a couple of large oil companies have been attending a data room in London looking at some test results for oil drilling-but I don't think it was for our area. Maybe he took this opportunity to meet up with these people to discuss what we have going on in our area. The data room was close a couple of weeks ago - may be just coincidence.

early xmas shopping, to use up all those air miles.

I hope he does not have the AGM get approval for the performance proposal then announce the farm deal. That would stink of share manipulation in its worst form and have the ASIC all over it.

All well and good , but still the fact remains talk is cheap and used to move the share price up, now the market is telling you they need firm evidence of value, which to date has not been forthcoming. Its now looking like feathering ones own nest at shareholders expense.

I was , now my view has changed as a result of recent performance and lack of any real progress. Its all jam tomorrow and management making sure they can milk the cow before funds run out and sold for a pittance.

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Can't raise funds in the market now, can't issue more options other wise the shares will just tank. So lets think up another scheme- performance rights. I am afraid this is all beginning to wear pretty thin as no real value has been added to date as shown by the share price. Needs to put positive news on the table now. Any rally I expect will be sold into and with 6bn shares out it will take a long time for the share price to move up to any degree. The MM's will know there are continuous sellers into rallies so limited upside.

Afraid to say its the same again. Run up into presentation then sell off on promises tomorrow. Funds needed again so expect to see sell off taking us back to the sub 1p. Market no longer listening to the talk we need actual firm price moving news. Would not be surprised to see some major share consolidation ahead of a merger with other partners. Thats puts 88 in a much stringer position going forward.

price action does not abode well for now. Need some positive news flow otherwise see this drifting sub 1p and even back to all time lows. Hope not but doesn't look good during the next few weeks.

That's well before the ic2 failure. Now taking every thing into account looks very much all in value price around 10p.

Don'e expect many to know or read this but its a great story and now is the time to start buying.

The problem in short term trading is getting it right. Over the last few months we have had numerous opportunities to trade in and out on the news flow. IC2 was a 50/50 chance and therefore gives trading opp. However now we have moved on and it appears a more positive outlook is upon us. The danger is selling on a small run up and missing the bigger run should the news be positive. With farm out's, 3d test results etc could all send this sp up in a second. My view is to sit tight and let it run but may take some time. good luck to you all I still hold a substantial amount and did buy some on the recent fall but have no intention of selling at this stage of development.

spivs and punters back in force today.

Well we have another chance to see 10 bagger again.

That 10 bagger looks possible now 1p-10p not unrealistic with what's left. Its just the time frame. I expect to see lots of volatility on the way up as many try and get their losses back. Taking stock of what we have still has legs and just needs patience.