Member Info for oufc

Looking on the bright side, at least one of the main assets from the santos deal is performing well, from yesterdays PMO update "In Vietnam, Premier's operated Chim Sáo field continues to outperform with production averaging 15.6 kboepd, up on the prior corresponding period and above budget. This strong performance was driven by high operating efficiency of around 95 per cent and on-going well intervention programmes offsetting natural decline"

Today's the day, and with a bit of luck that will trigger a march on 50p

I guess the question is, who brought the shares? Is someone building up a stake or have they just been brought up by existing shareholders

I think the pressure is definitely building,

The results always were going to be a bit of a car crash, but at least all the bad stuff was forewarned, and theres plenty to look forward too, This financial year is the one they need to start delivering on. I my opinion, to attempt to pay any level of divi would have been foolhardy with the current levels of debt.
It does seem that the pieces are coming together to form a more robust, low cost gold miner and I will certainly be keeping my shares with a view to them reinstating the divi next year, and hopefully a share price above 10p.

Could this be a sign of an early first gold pour?....

Maybe today's the day it finishes above 7.5p and then carries on climbing, it would certainly be most welcome.

To take £8 Billion off the company value seems a little harsh to me, but what do I know!

Can we finally break the 8p barrier and stay above at the finish? Everything seems to be falling into place to become highly profitable again, if we were operating in a more mining friendly environment we would be closer to 20p than 10p.
IMO.

The BTRP regrind mill should be commissioning this week which will help enhance recovery a bit, every little helps as they say. Hopefully the share price has bottomed out now and we should get a steady climb as production increases

That's more like, looks like people are waking up to the share price upside

The new presentation on the website http://www.serica-energy.com/presentations adds a little more information

IsolatedBod, The Manor was a special ground, very quirky with its sloping pitch, happy days. Unfortunately PAF and oufc are both trending a downward path atm.! Ive held these for years and have happily taken the dividend along the way, I guess we will have to wait and see what the next update says if it drops much lower I may be tempted to add a few, as its a well run company and with the tailings side expanding the base of low cost production it should be able to weather the storm

We should really see an RNS from the company to explain what their intentions for Evander are and how they see things going forward.

Mommur, I believe that if the Lomond/Chryasor route is taken the additional condensate from Columbus will help negate some of the waxing issues and help to extend the economic life of all three platforms. There does seem to be some background reason for the delay in agreeing this route as on paper it is easily the most sensible option.

Nice to see this moving up, it doesn't seem to take much buying volume to move the price. It would be handy to reduce the discount and get closer to the NAV

Something is really dragging on the share price, its struggling to maintain 14p let alone rise above it! There's no obvious reason that I can see, any ideas?

Here's to a Happy & prosperous new year to all Thanks for your detailed post, it does feel that we are being kept in the dark somewhat, I think mainly because the company have been genuinely caught out by the difficulty in securing a decent price on the cut stones, as you have commented on in the past, the small percentage of high value stones have the potential to turn the company into a profit / loss making operation. Fingers crossed we get some good news on sales in the near future. I for one was persuaded to add to my holding on the promise of turning profitable, which has yet to come to fruition.

I would be very surprised if a placing took place, their main shareholders aren't keen unless it's for a specific money enhancing project, and I believe it's too soon to commit to another one, unless it's to pick up more producing assets.

Here's hoping for a better 2018!