Member Info for muscat

did buy some at 3.5p saw them go to 1.34p and thought ok just sit it out. Now looking good like all these times wish I brought more. Anyway still have large holding in 88 and just in this for the punt/ leverage. Probably sit it out now for results of wireline. May be a mistake as buy the rumor sell the fact. wish everyone well

should have used Petramode in the original analysis, they can show the sub surface terrain in 3d just like being under ground. That way it would save alot of time and energy as identification of oil reserves appears alot clearer. now we are back to square one, no money, no oil, and no FO . flying on a wing and a prayer. At least I sold my rights for a quick buck. Still have to wait for main target so not all is lost. Does make you wonder about the other acreage we hold and why it was so cheap. Others know what we don't perhaps. Still holder and will sit this out to the very end. Can always offset losses against profits as most of mine in general trading accounts-some consolation.

unless any farm out deal includes 88e share of this drill. Anyway 88e opening price in London will set the tone. Just afraid its a repeat of the last one. If price stays the same nothing to concern us, down then help, up then away we go.

are otto in hault as well?

halt requested pending the release of drilling results that's what the announcements says. Why then red and otto not also halted as they are also parties to the drill. something does not add up here. Probably just another rns about nothing. ie drilling in line with expectations still 50/50 chance of success . could be further results about previous drill as they have had time to look at the results.

Very simple I have sold more than my rights . Some from the lows purchased last year. About the consolidation it is coming just wait and see.

Hope you are correct but share price does not reflect your positive sentiment at the current time. As i have said many times we need actual positive results either from a FO or drill. Until this is apparent we are going no where. I am still a holder -hoping - but will use very opportunity to trade this dog around.

you are correct, I have been off loading all my rights issue over the last couple of weeks as you need to take the fast profit on this share. Too many shares issued to make any major up ward movement on the share price unless major announcement. Success of current drill will make very little difference to share price any reasonable bounce will pull out further profits takers as its not a major price mover. 88E just hopes it helps sentiment going forward. Also FO needs substantial funds injection otherwise market will just trade off and look towards 2020 for further drilling results.

Price only moving around as MM's trade from flat position. Nothing to shoot home about. Price action will remain subdued until drill results in.

V111JAS, as i have said before i expect many are trading this from flat positions. So on the close if one MM is short 2.5. and another is longer 2.5 they all talk to each other and will do a deal probably mid market. That way they are both flat into the close. Remember they cannot afford to tie up capital today and with volatility in the markets no one wants to be caught off side. They are not in it to speculate on the price just offer liquidity to the market and take the bid offer spread out.

It's like brexit. A dead line but it's not and can go on for months

sell 88e into rmp any success in this well will send rmp up way ahead of 88e. then switch back into 88e. thats the trade for the punters.

Its just frustration that in other such cases I have been involved in the sp has moved up with such promising news.

full meaning if this note. ie read between the lines- The parties interested in a farm out deal are waiting for the results of the next drill before making any commitments.

Get a grip who going to deramp at 1p . I hold 10's of millions shares first brought from the tangiers days, so i have been around a long time in this company .I do trade some around which many do I expect but thats the nature of the beast. But a still retain many millions and will trade these out in a controlled manner as and when I feel the sp has over extended. For now as i said before we need the company to produce results. rossowheels WE all thought the last drill would show positive results and look what happen- nothing certain in this business. I will be trading ahead of and during the drill should the price move around. Did recently take up all my rights and sold out for quick profit, buying back at 1p recently. My core holdings are retained hoping for one last big trade and that big bagger.

nothing in the presentation thats differs from 88e ones over the years. Great hopes , so drilling on a wing and a prayer. Botton line they have limited cash for another drill relying on this one for further cash injection - sounds familiar. once again we need actual results - its that's basic

doubt we will hear anything until results of drill.

talking to some brokers friends , the subject of a share consolidation came up as part of any farm out deal. who knows but worth a thought. Have traded out my excess shares from the rights issue to add to the profits pot. 14% return for a few weeks was worth while.

take off next week for nice xmas present.

DW was the second choice and took over the company during the Moroccan deal for which the company was already committed.. This did not work out and the company was about to go bust. shareholders put up funds as did he at that time to keep the company going. Also he has put up further funds with shareholders when needed. With his connections and hard work he has turned the company around 180 degrees to where we are today. He has been straight with shareholders and always been conservative by not over promising results to investors. I think he realizes the support he has had from the shareholder base and will try and repay their loyalty if and when he can. What you see is what you get. Although sometimes I feel fed up as others do with the lack of sp movement I feel if anyone can bring this to its full potential he can. I continue to back the company retaining 10s of millions of shares and have added to my holding substantially over the last few weeks. I may trade some around on any major price move but not too unhappy where we are to date. I know any investment carries a risk but all things being equal this is probably the best bet around in this sector at the current time. I think results will take a little longer than expected but as they say Rome wasn't built in a day.