Member Info for PDMSPiper

Based on what they already know could be next news we hear now. Testing of the oil could be left until WNB where they will explore the deeper Cadeby also. The presence of oil there now looks more likely, higher CoS. It wouldn’t surprise me if we get an updated CPR based on data from WNA-1 and WNA-2 combined. David Bramhill already indicated in an interview that it was in progress. Let’s see.

Agreed. It’s not Danube. Too big For MNRG anyway. PXOG being suggested. I have no idea how realistic that is. Never looked into them. Nothing to do with us anyway.

I’ve only just realized that the previous post of mine is number “555”. If I were Chinese or Asian I would take that as an omen. Lol. GLA.

ADUK; I read your post about Humbers financial situation. You refer to a legal wrangle “between partners”. But is it? It is the OGA that should ensure all partners are financially able to progress as I understand it and the OGA have the power to remove a defaulting partner from the license and offer their percentage to the other partners as long as they commit to providing the funding required to progress. The OGA will make a decision. It is not in the interests of the OGA or anybody else to have situations like this hold things up for long. Let’s see. Only my opinion but I think the OGA will step in and Humbers percentage will be awarded to the other partners if they can’t fund it. The only question is: What is the deadline? How long are Humber given to pay up or show proof of financing or whatever. Humber will be given time to find financial backers. In my opinion that’s what we are waiting for. RBD and UJO have had no problem attracting funding on the back of the WN volumetrics but Humber obviously not listed and much more of a risk. There are lots of scenarios that could play out, including RBD buying out their share at a bargain price as they are a distressed seller against the wall. Take a few mill for it or lose it altogether. Too early to jump to conclusions of lengthy court battles in my opinion. These people are businessmen. Doing deals is what they do and there are obviously deals to be done here. That’s probably what’s happening in the background IMO. It’s a hold for me.

I think you’re right there Bladey.

Shareholder chat would say that. Market doesn’t like it, down 14%, but whatever, not my concern, not in it, not gonna be in it.

Big discounted fundraise coming at MNRG then. If it’s 75% of Danube that MNRG want to buy from RBD then they’ll need deep pockets after the IM-1 drill results were so much better than expected. Could be a nice big asset monetisation coming for RBD here. Maybe the bod have their eye on another opportunity.

I forecast that UKOG will be the next one down the bottomless shi77er too!
No director buying
No CPR or booked reserves
Claim to be producing and selling but had to go to YA for CLN finance. Probably having to pay to dispose of tankers full of peaty sludge with a high water cut IMO.

UKOG down the shi77er is my forecast but DYOR. I’m staying here. ;)

thinking they could run off and make money on i3e Liberator then come back here and buy back in because it’s quiet. A number of numpties were advocating buying into I3e on this board. How did that work out for them? Down the shi77er and lost everything unless they got out in time. No bottom there now. Abyss. That’s just one example. I’ve been here two years and I’ve got all my capitol and am still in a small profit. Could have gone and bought into AAOG, ADL, ECO, all down the shi77er. Investors all cremated. We’re still here, we’re cashed up, we’re looking very good. Learn from the mistakes of others. Patience and doing nothing can pay in the long run IMO.

for me, through into late 2020 to see the story play out. Not much in it for traders. Intraday SP fluctuations are not of much import currently. DYOR.

Will be released soon after the General Election in my opinion. Until then, buy, load up, hold, sell and go looking for other trades, whatever. Who gives a feck lol

were released in the end of year results RNS in July. It’s there for all to see. Decent numbers. Income alleviating cash burn.

In late January. This is stated in an ADX pdf on the ASX website. DYOR. Go find it. ;)

I think the next news updates will come after the General Election. News of a Conservative majority will be met with a sigh of relief and a period of bullish sentiment on the markets in general. This is not a political comment but my assessment of how the markets will move following the GE. I think a good strategy would be to release news into this arena of improved bullish sentiment. There will be lots of “risk-off” money sat on the sidelines currently, waiting to see what the GE result is. Even if news of a forward plan is released now it would be met with a damp reception. BoD might choose to wait. An understandable strategy IMO.

Regardless of individual opinions, the market seems to be scaling in buys from here. We’ve already seen a holding RNS from Hambro indicating an increased holding of 9.14%. I agree the information flow could be better. I’d also like to know what’s going on. However I bought into the strategy and the story. The story is just playing out. £24Million just gone in here and I believe in following the money. I continue to hold my 26 Million.

Like i3e? ECO? Lol. Best of luck.

between RBD and UJO. If we didn’t have West Newton and we were raising based on combined assets of Parta, Corallian, Cali, Biscathorpe and Wressle, would we have got anywhere near £29Million? That’s what the actual situation is.

Indeed TL, but they’re a fickle lot in Yoojayohland. They’re already lauding it as an incredible achievement at 0.15, even though they were calling for Bramhills head when they dropped through 0.18. They’ll be jumping up and down with joy when Chris Oil starts ramping it again. They’re like Goldfish. Every rinse is a new and wonderous experience.

You know him then Jippy. He’s lost his pot on PXOG but he is the guru apparently. Ha ha. Bell end.

rana3
Posted in: PXOG
Posts: 364
Price: 0.09
No Opinion
RE: undervalued 1 v 6 mill02 Oct 2019 20:05
My £16000 is now £1870. I don't think I will ever get my money back. Destitute is partly blamed for my loss.

What “short term catalysts” are you referring to Genghis?