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Not much of a reaction yet to the disposal. At 17m the proceeds are higher than current mkt cap which is only around 11m

added on today's weekness still hopeful that they sort of the sale but does seem to have gone a bit quiet

Looking good for tomorrow

SEY looks sound on paper but has failed to rise with the other oilers on all the opec news anyone got thoughts on why?

Taken from the stockopedia board: Exillon Energy - The Highest Stockrank of all Tuesday, Nov 22 2016 by alan000@yahoo.com 6 comments 4 The Highest Ranked Stock on Stockopedia is currently Exillon Energy (EXI), with a QVM Rank of 99 (95 Quality, 96 Value, 77 Momentum). It is also well regarded by the algorithms of Magic Formula (A+) and a Piotroski F score of 8. Taken at Face Value, the numbers on the Stockopedia page are as follows. A Market Cap of £191m, but with net cash of £84m. Enterprise Value therefore £107m. The Brokers Forecast on the Stocko page for net profit in 2016 is $37.7m (£30.4m) and for $57.6 (£46.5m) in 2017. This implies a P/E of around 3 for next year, or closer to 2 if you adjust for the Cash. The Broker forecasts a 2017 Divi of $0.176 which implies a yield of 12%.

SP Angel seem to have put out a report on the 12 December anyone seen it? There's a extract on proactive investors site

A slight recovery towards the end of the day so maybe a small bounce on open?

Production up! Finally! It's possible they are turning on the taps following opec decision? And with an extra $10 on the oil price should add somewhere around 50m to revenues per year? Looking reasonably bright for oilers at the moment

Interesting post regarding the Margelov interview re OPEC and consolidation in the sector. It looks positive in the sense EXI might benefit from the OPEC cut next week and with the shares barely trading above cash value there seems little downside from here. Possible top up on Monday and hopefully the shares might recover some of the lost ground in recent weeks. 6% rise on Friday suggests the market agrees albeit in thin trading

Good to see production stabilising and no longer decreasing at the rate in previous months. Seems to be the best numbers since April and hopefully as new wells come on line the production will start to increase from here

4 days on and the market still cant figure out what the shares are worth post the restructuring and dilution. My starting point is what price Mastin bought in at. My fag -packet sums suggest they paid $207.1m for a 25% stake, This implies that a pro rata market cap would be $829.6m or £528.5m which if divided by enlarged share cap of 875.4m gives 60p per share. So if Mastin see value and are prepared to pay that price why are the shares languishing at 10.7p? Have they massively overpaid?