Member Info for OilSpelunker

Hello Cleverdicks: You remind me of the musicians playing on the deck of the titanic as it sank. The only ember burning is the one on the end of your marijuana cigarettes, and it appears to be burning brightly because you have to be high to still be here thinking that the phoenix will rise. The equity was wiped out in the administration proceeding. Tis over. The fat lady went home last year. Cheers.

"Debt sorted," oil prices rising, new Chinese partner, everything looks great... Or, was I just flat out right all along?

Which makes me the smartest one in the room, as usual, since it seems that I am the only one here that managed to escape with about 40% of his original investment. Yes, my gross losses were much higher, but on a relative basis, my tax write-offs were much less as a percentage of investable assets than those suffered by brownie hounds like Coggybear and HIVsoreass.

MXP failed in an oil price environment that was much more bullish than the current environment. MXP would have failed even if NUR1 was a success. Nobody would have bought it to then spend billions trying to develop it. Heard anybody even mention pre-salt projects lately? Majors are terminating completing shallow projects that are much less complex and much less costly. Shale driller are turning off chokes on active wellheads and not pumping known and completed reservoirs. There is no way that MXP could have survived. We were all dead all along and didn't even know it.

How is life treating you without MXP in it?

So here we are approaching the end of 2015 and MXP still has its super deep pre-salt drill bit embedded deeply in HIVorsoreass' ass with no info to be forthcoming. MXP did exactly what I told you they would do - they have gone into stealth mode since they are now not obligated to report anything. In fact they were snarky enough to tell you that they were going to go silent in a press release. Sir Thomas Randell, the Wordsmith of Crockingham, hath ridden off to another town now to sell somebody else's tonic to weary nighttime travelers. I must say that I called that perfectly. But, here is the irony chaps...if MXP had gotten through the salt and hit high pressure odoriferous sticky watery black gas at NUR1 (ivorsoreass is getting excited now as he reads my words), we would likely be in the same boat, or perhaps a similar looking boat. Why? Because nobody would be willing to pony up billions of pounds to develop the well in today's environment. So don't feel bad my matey-mates, though we might have had a chance to get out for some decent pence had NUR1 struck a sea of condensate, those of you laddie-lads who would have waited long term for your pot of gold would still likely have been harpooned by MXP's Moby-Dick.

It got me too, as you can see. But only once. You're still a very mentally unstable chap for sure. And what is an "appogies?" Did you mean to write "applesauce?"

To what may be to the surprise of many, I actually attended the EGM and I took down detailed notes based on my observations and interpretations of what I heard and saw. I decided not to post them at first, as I am not really up for ridicule from you lot any longer given my age and recent sensitivity to distempered criticism, but since I met one of you at the meeting and we carried on amicably (an older chap with a hunchback and a clubbed right hand), I thought I would humour the group and post my findings: 1) First, that smooth-as-silk Wordsmith Sir Thomas Randell of Gloucester Place has relocated to larger and greener pastures as the new investor relations chairman at an infrastructure investment finance company called John Laing. I did not seem him at the meeting, but I wished him well nonetheless and poured a swig of fine single malt Scotch whiskey on the ground near the courtyard in his honor. We wish you God speed and best of luck in your new endeavors Sir Randell. 2) Second, it seems that my expert financial analysis of MXP over the past 6 months or so has caught the eye of a tenured board member of the London School of Economics. I am told that my work will form the background for a nomination for the Nobel Prize for Corporate Economics and Finance for 2015. This is not “The Nobel Prize” mind you, but one of several inferior prize categories reserved for those who have nonetheless made a noteworthy contribution to society on behalf of one’s fellow man. It seems that my predictions were so accurate that they caused quite a fuss amongst Greater London financial academia. I shall humbly accept the nomination and submit my work next week in a more formal setting, complete with tables and scratch paper computations and such to support my various findings and expert opinions. 3) Finally, my King Air aircraft had a flame out over the channel late last week of the starboard engine whilst in high altitude cruise. We feathered the dead prop and the remaining engine ferried us back around and into Turnhouse without issue, though it gave me quite a scare. I had to change my britches and acid wash the pipes afterwards, if you know what I mean. Worse yet, the engine shall cost well into the 6 figures to replace including massive labour and aircraft downtime and storage costs. I am more than a great bit upset, as I had those funds set aside and allocated for a 2016 Ferrari 488GTB in hunter’s green with beige interior. Blast it. That is all for now lads. If I can remember anything more from the meeting that might be of interest, I shall post in haste. Cheers.

Sigh. Negative DarkBlue. The Wordsmith has gone already to join Mr. Young for cocktails, leave him be my friend, he is not me and I am not him.

Oh my. Coggy is admittedly my least favorite blokey-bloke on these boards, and look at this - 8,535 posts! And he dareth say that I have a mental illness? Wow! That's what we retired mental health professionals call Obsessive Compulsive Disorder. If I were to rub in my victory right now, he might blow a fuse. If I were to rub his nose in the dirt over me being right about MXP all along and he being wrong, he might lose his last marble. So, I will not gloat about his looking like a horses' arse and me being proven correct about MXP's dire financial condition, bankruptcy, possible dilution, etc. I simply will refuse to write about how stupid he must feel right now. I just will not do it. I don't want Coggy to feel awful about all this. Same for HIVorsoreass. I don't want to push him over the edge either about all of this. He must feel terrible too (knowing that I was right and he wrong I mean). All that talk about unfrozen shares trading to 200-300% boosted levels and whatnot must have a few posters really down in the dumps today. Pure depression for them me thinks. Now is when a victorious fellow like me must take the high road and stay classy, I must be certain as to not stoop to the level of those who lost to me so dearly.

If I was still a shareholder, I would be angry that management (whoever that is now) failed to disclose the filing of the involuntary bankruptcy petition against Samek. That seems to indicate that 1) they do not care, and 2) there was never any realistic chance of saving your equity. Perhaps Tom Randell wanted to disclose it and was forced out when the others said nigh. Perhaps we'll never know. MXP now seems to have stepped squarely into the NUR1 drill hole and to have disappeared down the shaft. It seems to be getting closed in, plugged, and abandoned as I type (like Robster with his past girlfriends). Having lost a fortune myself, I feel for you dearly, you are all my matey mates as far as I am concerned. And I promise never to rub it in (about me being right all this time and each of you looking stupid now I mean). In your time of darkness, just remember this - if you believe in God, all else is possible.

Nah, I won't write it, I am not a vindictive sort, so I will not write "Up Yours" to those that are expecting me to write it. I will not gloat either in the knowledge that I was right all along about MXP. Best wishes to you chaps. And remember, always look at the bright side of life. Passionately Yours, OilSpelunker, a/k/a the only poster here that was correct on MXP

"Debt almost sorted, little to no dilution expected, no bankruptcy or administration, NUR1 to be completed next month, AGR spot on and supportive of existing shareholders, Sberbank going to forgive all debt in the name of brotherly love and modern humanity, Kazakhstan going to forgive all taxes, Tom Randell to open up an Inn to house all MXP rig roughnecks in Uzbekistan, shares to resume trading tomorrow and bounce north by 200-300%! GLA!!!" -Logical2010, July 9, 2015

Definitely, re-listing and 400-500% compound share price boost even with the new instant 65% dilution - guaranteed per Illogical2010. It's a lock. It's a sure thing. Oil prices about to go to the moon. NUR1 almost done and really enticing with Brent so expensive. Kaz tax authorities supportive. Old MXP PR man gone and new one to be hired soon I bet (HIVorsoreass may be the man for the job). "Debt almost sorted." LOOKS GREAT!!!!!!!!!!!!!!!!!!!!!!!

You are definitely ignorant.

There is zero possibility that the equity remains intact. Riddle me how that could happen, when it cost 65% of the equity just to get a few million quid in working capital to keep paying the Wordsmith and his crew of renegade rebel holdouts. He and his bunch and you lot remind me of the Japanese soldiers that stayed on the island to fight WWII some 30 years after the war was over. They just would not and could not believe that they lost. The company is likely to go (or be forced to go) private with you lot owning about 1% between you. The majority of the rest would have to go to whatever lender is dumb enough to refinance the debt. But I still am betting on bankruptcy or on Kaz seizing the assets to satisfy the tax bill. Off to the pub lads. You chaps should consider the same. Time to drown your sorrows. No shame in that. Who was it that predicted a share rebirth and a 300% bounce this week? BlueBoy? Illogical2010? HIVorsoreass? Cagey?

F90, which is basically the C90 with a T-tail and hotter engines.

Lear jets are for frogs. Real men tie props to the front of their turbines. King Air is my bird of choice. I am fine gents. A bit miffed about the sudden departure of Sir Randell though. Such a pity, given that he was so good at communicating with "stakeholders" and whatnot.

Hello clever-dicks. I am back from holiday in Madagascar. Oh dear...did I miss the AGR? And what's this I hear...the Wordsmith of Ergon House is no longer employed with MXP? Blast it! Perhaps he lost interest, knowing that his equity may soon be diluted by 99%+.

90%+ dilution is coming your way.