Member Info for oilboil

They can't win. If they don't issue an RNS it's "people are losing money because there is no news". If they opt for a more sharing approach it's "no meat to the bone, so people are losing money".

In reality most companies issue 3 or 4 non standard (so not earnings statements or director deals) RNS in a year, but on boards like here the average punter gets really annoyed if there isn't stellar news being RNS'd at least once a week

What sort of Muppet buys a single share (of the penny variety), incurs the commision charge and then publicly admits that they are a total tool?

Check back through previous RNs

They raised a couple of million through a rights issue to a private investor about 3-4 months back, so have plenty of cash

Personally whilst I get wound up by infighting I don't think it makes a rat-arse of a difference to the SP

Cool - in that case you are perfectly placed to comment ;)

Too mnany on here spout the £2m sell was a buy (or other similar statement) which you know they have no actual knowledge of, after all anyone spanking £2m on AIM certainly isn't wasting their time on LSE bulletin boards

Unless it is your buy/sell how would you actually know?

Makes no sense Gwynwin.

Oil comes out of the ground in litres/second always has always will.

A barrel can fit x litres into it. You just set your choke to limit at y litres and all sorted, no harder at 500 bopd than at 600bopd - except as you saw you might need a calculator for 500 where as 600 delivers a whole number

All oil fields produce water, an oil field that doesn't is basically a direct connection to the nearest refinery holding tanks and not a subsurface resevoir.

Condensers and seperators are almost always seen on oil sites as these (as the name suggests) remove water from Oil.

It's like a drink in a straw, all oil reservoirs have some water, under natural conditions, oil and water seperate from each other. If the straw disturbs the drink or some other pressure event does then the too liquids mix.

You can't have Oil without water, but you can limit the amount of water you withdraw from the well (or often just re-inject the water to keep the flow pressure up in the resevoir)

We are getting into concepts here that would require a degree or 10 years expereince in petroleum geophysics, but it is hard to describe more succinctly without formulas and diagrams and 3d models

So at 10:15 (after what is arguably a company making RNS) - just 2 hours after we discover the find is proven to be commercially viable we have risen 2.9%

Gotta love AIM

I suspect if we RNS that Bramwell had a cheese sandwich for lunch we'd rise 25% in a day, but actual exploratory success gets ignored by the market

I don't need a psychiatrist, I already live with one, she assures me I'm fine in that department!

I've held QBT shares for over 4 years now (way before they were even called QBT) so I'm sort of used to idiots posting rubbish about how many shares they've bought - we get it every 3 months when some new "Pizza Boy" tries to ramp/de-ramp for their own gain.

I also made a completely unverifiabel purchase, why are you telling us this? Do you want a medal, handshake or reward?

Whilst it could have been better, if I look back to the start of the year (and I've held CLP/QBT much longer than that) my holding has gone about 6 times based on today's price, I'd be rather churlish to be disappointed at that. Yes I probably should have sold out at 4p and bought back in, but life is full off "shouldas"

Many people in this share are in it for the court case though, when we invested it was the clawback on these deals that made CLP (now QBT) an interesting proposition.

Remember if they get £10m as a settlement that is pretty much the value of the company in cash; which will do wonderful things to the share price

I'm pretty sure it has been accepted that CLP/QBT have a case for damages/reparitions in relation to the court case. What is still to be settled is whether that is the 10M+ Euro that CLP/QBT assert it is, or somewhere less than that (possibly even down to zero)

What is going on now is the horsetrading to agree a damages value, QBT could be awarded a full judgement (a win) but damaages of nothing, or even a partial judgement (not a full win) but damages of 10M - we are into the realms of corporate arbitrage law, so common sense is not necessary here, it all comes down to what a judge deems fair and equitable

There is certainly value in UKOG but be careful hanging your hat on the fact it hit 11p once.

When we got there (and it was a great day) we had 3.5 BN shares, today we have 13 BN

So 2.5p share price today is equivalent (in market cap terms) to 2016's 11p a share

11p today would make UKOG worth 1.5 billion quid, which feels high, but then this is oil and anything is possible

I disagree, if it had been MM games it would have miraculously returned to near the level pre-shake before the close of the day.

I've no doubt this will be back over 0.4 (and maybe more) mid next week,but I'd be shocked if this drop (and no subsequent immediate rise) isn't as a result of some rumour of some sort

I don't see how anyone could feel sorry with a bottle of malbec and a plate of cheese.

The absolute definition of a lovely night in

Assuming percentages are right then the overall gain is just over 21%, not 40%

100 * 1.67 = 167
167 * 0.73 = 121

So 21%up over 2days, still not a bad result (unless you bought in today and not late Wednesday)

His investment is already worth 2.7m,so nearly treble what he put in.

That's a decent return in anyone's world.

I suspect he is looking for more but he isn't in much danger of losing money here

I believe it is - according to a friend ;)