Member Info for NewKOTB

A further 25% drop would be overkill imo. I think our SP is being very actively managed atm for a t/o come licence renewal imo. You just need to watch the trades that are happening day after day, week after week.

Should Fortuna become a go with the renewal of the licence I can see OPHR instantly becoming a T/O target. With the recent Santos deal and Fortuna we could be taken out for under a quid atm given the way the SP is being managed atm. Absolute steal that would be and a real possibility.

"Fortuna sits within the Block R licence, offshore Equatorial Guinea which is located in the south-eastern part of the Niger Delta complex. Ophir holds an 80% operated interest in Block R. There have been six commercial discoveries to date in Block R, five of which were made by Ophir. There is a total of 3.0 Tcf of independently certified 2C contingent resource and another 0.7 Tcf of low risk prospective resource in Block R making a total of 3.7 Tcf (at November 2015) for the project planning case."

"Was expecting a bit of a retrace today or tomorrow but currently holding strong by the looks of it...."

Too right, has plenty more to give to risk selling out hoping for a pullback.

Question is how much will she rise before the completion date and how much will she pop up on the completion RNS.

Should the RNS's give a surprise cash position we could easily fly past +175p and even bounce off 200p in the first instance imo.

Another good buy, £42k ..... ATG at it again !

07-Nov-1811:33:19 39.00 109,058 Buy* 38.8039.00 42.53k O

Sell bot being very aggressive this morning atm !!

Must be a large buy order in.

ICEO also

NED

ATG,

Looks like your buy did the trick, BOT now switched into buy mode by the look of it.

Great entry prices by the way.

ATG,

Interesting timing, why choose now to invest £180k

* after *

Couple of large buys, would expect to see more filtering through later are todays shenanigans .

06-Nov-1814:19:0737.8754 318,169 Buy* 37.5037.65 120.51k O

06-Nov-1814:19:0139.1497 150,000 Buy* 37.5037.65 58.72k O

Bet those +5m shares that changed hands last week for +41p are not too happy atm.

SP Being forced down, ready for massive up-swing imo. Still seeing active BOT mgt atm with lots of 'A' trades

£2.64

I would think tax credits are company specific and non transferable. Imagine the accounting issues that would throw up if they moved between companies.

Don't forget we have been provisionally been awarded three new exploration licence areas on the UK Continental Shelf.

Rowallan South, Columbus West and Skerryvore

Confirmation of commitment and licence award on any or all 3 ... price goes up.

"I'm not at all sure Glencore will ever let this go, despite their apparent reluctance to be heavily involved in green field sites...."

But were all developments once green field sites, so imo the historic reluctance for Glen to be involved in such development projects is null and void. They will be involved without a doubt. There is no difference to buying and established mine to creating your own, other than you can have control of how 'green' you want the mine to be from day 1.

gla

"I don't see any relevance in the uncrossing trade, its only a balancing trade."

To me it signals there is plenty of movement on and off the book, which can be either good or bad imo.

At this point I am leaning towards the good.

Another 205,203 (£86k) UT at 16:35

But our cost to produce are <$1.50 so add in 'your' $8 costs is $9.50, so sell at $18 and we actually could make more.

Just thinking how we can expand our market, rather than waiting for the market to come to us! As I think this is one of the main reasons why our SP is struggling to take off. Egypt is not a problem, but with the high margins currently in Morocco, should we not be doing something more proactive than wait for customers to come knocking.

atb

Why don't SDX bottle their gas or takeover a downstream bottled gas supplier in Morocco?

Bottled gas $18 vs $10.50mcf. Open new markets instantly.