Member Info for NewKOTB

Munch .... chill !

On Friday you stated " I’m in and the more I’m starting to research about Ophir the more I see this being taken over by a Chinese / Korean company. ...."

So what has changed, nothing imo. The odds of catching the bottom is always against you in this market, hold firm and add if you still believe in your Friday post. OPHR will turn the corner, massive cash flow with great assets and close +30kbopd, the question is whether it will be allowed too or not.

gla

AA,

Simple, we are in play imo, have been for months now. Been watching the BOT's at work for ages now, same mo, day after day.

Just added a few more myself today.

Its not totally clear, but it does state, 'pa'

Either way, it still works out at a min of 60.9p after 3 years ( just over two years remaining) for min LTIP bonus to kick in.

Massive M&A to kick off during 2019 imo.

Low p/e companies, with secure assets, low lifting costs, great revenue will be picked off.

No point in doing wildcat expo when you can get instant, cash generating assets off the shelf imo.

OPHR will be one of many low lying fruit, just ripe and ready for picking.

For the LTIP to meet its target, SDX would need to be trading at 49.4p by the end of Feb 19.

Getting close to a two year low now, amazing value for new buyers.

With almost a 50% increase required to get back to post suspension SP middle of October, 57.5p, it is certainly a maddening and irrational market atm.

Many will take any offer of c80p given where we are atm

Naughty games being played on several occasions we have seen the reversal of SELL trades, the latest from last week.

Sells that at the time pulled the SP DOWN, now they buy them back so nothing lost just they picked up shed loads of cheap shares due to the manufactured fall .... in any other world this would be fraud !!! The board need to investigate the trading of our company because imo, this is way from normal.

Just look at the 3 month chart and see how quick last weeks 11% jump on the release of a good RNS has been pulled back against the backdrop of other 'normal' trading days. Someone want these shares at bargain basement prices, just what that price is, who knows ! but it appears c32-34p atm

14-Dec-1817:12:39 36.77223,824Sell* 36.2032.75 82.30kO

14-Dec-1817:12:39 36.775-223,824Sell* 36.2032.75 -82.31kO

The BOT's have taken this down in double quick time, all the gains from our 11% rise on Wednesday have all but been erased.

So ask yourself, if you are selling, why rush to load the market and drop the price in so fast, you could easily manage it better imo.

I think we still have a determined acquirer at low 30's, but for what reason is the question.

gla

Our resident BOT was very aggressive today in its buying, complete turnaround from the past many months.

The RNS has clarly spelt out the buying opportunity atm that OPHR shows.

Once we breakout of the downward trend that has shackled the SP for the past +2 years, we could potentially see +80p within 12 months given the status quo.

Don't rule out a renewal of interest in Fortuna, if so this will ignite the SP.

Also, with the poor pound performance, UK equities appear one of the most attractive in the world for foreign buyers.

shakey, being ultra morbid more than usual I see.

Just watch the bounce any day now, aimo

The RNS just reiterates how strong a company and undervalued OPHR is now.

2019 will see a considerable improvement in sentiment and this will follow through into our SP.

The recovery is underway right now and the finances have been shown to the market that we are not a debt laden company, but one with great production assets and revenue.

Santos deal was pivotal and it amazed me we have fallen so much since the deal.

Should see an easy return to c40p

Roth1,

Indeed so .....

"Having experienced a strong production performance during 2018, and with commodity prices ahead of budget for the majority of the year and lower capex payments, Ophir now expects to end the year with net debt of US$65 million (with the RBL drawn down by US$250 million by early-January) versus previous guidance of US$110 million. Additionally, with the increased RBL capacity, gross liquidity (cash and undrawn available borrowings) at year-end is expected to be US$360 million versus previous guidance of US$260 million"

Good news, hence reason for rise yesterday .... OPHR has got its house in order of the foreseeable

Sorry, I must make it clear we are not a roll-up opportunity due to being too small to prosper in the current environment, but a low and vulnerable Mcap. We can easily prosper with great margins and +$3.5m/month cashflow with not debt.

A share buy back and placed in treasury at these levels would make total sense imo, but rarely does the market appreciate sense, particularly in aim.

We know PW is looking at roll-up opportunities, as per Dec presentation states:

"Many (20+) small and medium sized companies that are focused on oil (primarily on shore) Too small to prosper in the current environment.These are the targets "

Unfortunately, imo, we are now a roll-up opportunity ourselves.

So I believe, PW sees the current situation as eat or be eaten as far as survival is concerned and you do desperate things to survive, not unlike doing deals with institutions, regardless of how low the SP is to raise equity.

This is where we are atm imo.

Those in the know, dumping 250k a pop, no reason other than they have been offered lower entry imo !!

SP well below last placing, now at almost a 2 years low.

Been constant downhill since suspension lifted in October at 57.5p ... also very unusual trading pattern imo ....

You could understand it if we had failed drills, massive debt or poor mgt ...... no, quite the opposite. So what gives ???

Its like 2018 never happened ..... all that success added nothing to the SP.

SP really being attacked today for some reason !!

I can only think PW is tapping the markets for funding so, as usual the spivs will drive it lower until the deal is done or PW pulls away.

Reason for drop this AM on ultra low volume ..... 275k buy 1

11-Dec-1809:28:25 41.50 25,000 Buy* 41.0041.50 10.38k O

11-Dec-1808:27:56 41.35 250,000 Buy* 41.0041.50 103.38k O

more to follow no doubt.

Currently 32.5% as reported by SDX