Member Info for muscat

its dead and buried unless we have actual oil from feb drilling.

Still need something tangible ie oil flow, farm out- sp going no where until its proven. Don't expect any further developments until after drill next year.

Beginning to look like a permanent hole in the bank balance. Farm out looking very uncertain at least until results of drill in feb , then its boom or bust. At least with bust you can offset the loss in current tax year.

So by the time we put down our wells, the others would have cleaned out all the oil. Just our luck.- .

In current market conditions the volatility plays a important part.

Yes but not in Alaska.

I can see it coming, we will have to give a large chunk away to get the deal done. They have us over a barrel. The longer it goes on the closer we get to a begging bowl as funds run out. Would not be surprised for any farm out deal to take us to the wire ie next quarter. Nothing will get done now before xmas.

Why should it rise further today. No farm out as yet no oil as yet. It needs firm results not pretty pictures and presentations.

They don't want flow back from the rights issue. Hence waiting for further positive news flow before taking it up any further.

We all know the potential but 88E how has to produce the goods, and to date it has failed. Keeping everything crossed.

Once again rubbish being posted - no one is insider trading this stock. Directors can deal but not when in closed period. They also know when announcement is coming that would affect the share price they cannot deal. To date have you ever seen an investigation into share dealings in this company- no. If you all can't post something constructive clear off.

that so 50 companies !- if we don't then get a farm out then it must be over.

it means nothing just mm adjusting positions towards the end of the day. You are wasting your time.

Wish a lot more would not take up the rights. Means I can get the stock want in excess of my entitlement, and not pay any comm.

no comms on rights issues.

Cenkos company broker
Stifel US house covering trading in US for this stock
Cantor- has european operations probably on list due to Germany listing.
others tend to be only houses trading the smaller companies and aim stocks.
No one would take and hold large positions in this stock so probably trade from flat positions.

Its simple they have screen trading lines and that will show bid/offer and size to trade. Then if within size they just press the buy or sell button. Anything outside the size quoted they phone up the market maker for a quote. Usually the one quoting the best price from the screen.. Remember the MM can change his price for size and if he does not want the deal will quote accordingly. Thats how the MM system works.

6 listed but only 2/3 real ones the others trade off the back of the main one.

obviously not you. Who cares anyway. People buy what they can afford.

only 1m shares boys play, try buying a larger block doubt you buy at same price. Thats why I am going down the rights issue, as I can hopefully fill my full amount totally several million.