Member Info for philpot1001

Disappointing manufacturing PMI data out today, it's sent sterling down again..... this will probably have indirectly negatively impacted UK based stock this morning incl BT

At this rate it's going to end up lower than is started today LMAO :-(

Depressing seeing this getting played. On the positive oil is up (think Brent kissed 76 dollars) probably based on the Iran / israel news about nuclear doings..... it's almost certain after that Trumpy will sanction.... not because it's new news, they almost certainly new about it, but the fact they are releasing the news now just before the decision is very telling IMO

Shorters maybe? Who knows.

Not sure Bermo, maybe..... not sure if you saw my panoro comment, their estimate is 459 bcf, not sure if that's the final say in the matter though or if that's a first stab in the dark.

As usual reliant on Panoro for the details rather than SO - he is cruising for a bruising........ GAS reserves for AJE estimated at 459.00 BCF

I was expecting gas reserve updates in the CPR as well as oil, but I can only see oil? Am I missing something?

Gfb258, they are drilling another 7 wells from memory between now and 2021.... won't take them that long to start ramping up production IMO

I think there were some positive articles in the press over the weekend, that probably gave us the kick over 250p ... fingers crossed that's a mental price point which attracts more buyers

results are out on the 10th. this has had a pretty decent month by anyone's standards

Flurry of buying today, but been keeping an eye on panoro and not seen any reserves updates yet?

Certainly if they can get the crop they are set for big things......we are all just waiting for the harvest to pick up again, and there are certainly questions about consistency of input now. It's a little unclear what caused the recent dips (El Nino? Maybe, not sure)

Just seen half year report... slap on my wrists for forgetting that ..... is there a potential profit on the full years then? Hmmm

I must have missed that I do bermo, was there interims I've missed? That's good news if the admin costs have been slashed.... is it possible a lot of last year's costs were one off litigation fees etc with the panoro fiasco?

PS I've been thinking and I think the recent cash call was probably related to the 2 month shut in IMO

Well we know a CPR exists, as the RNS all state an update, not a new CPR.... I think it's fairly safe to assume the major investors have seen the old CPR, and in combination with the development plans we've all seen I can see why they would hold on.... the good news is, as it currently stands today with brent above 70 bucks MXO should be seeing a profit (it's unlikely that will be reflected in the Dec17-18 accounts though) ..... for now that should mean no more dilution. I think if Brent falls below 65 quid dilution could be a risk as we seemingly need to service 2.3 million admin.

TBH I kind of half expected to be seeing 7p's as stated by FK we have a news lull for a few weeks, so it is what it is unfortunately. I'll use some of the money I offloaded to buy back in st some point, I'm just uneasy about when this will settle. Hopefully the full year accounts aren't too bad..... as for Q2, the SP is pricing in average results the same as Q1, so if there was to be an improvement there it would give us a lift....

Yeah I did want to see non executive salary costs really as I suspect they could be fairly high..... I dont think I would mind so much if we have a clear vision and understanding of the breakdown of that 2.3 mill, or even regular RNS about liftings so we could get decent estimates on revenues. Agreed about the CPR . Anyhoo as promised I'll beggar off for a bit ;0)

Damn it..... realised my figs were based on June- June, and dollar based.... recorrected the crude average for dec-dec and it comes out at 50 dollars/barrel. That gives gross revenue of 3 million dollars .... or 2.2 million pounds.... as they burnt 3 million pounds the previous year, not looking good for a profit this year. I really hope I'm wrong or they have reduced those exorbitant admin expenses...... anyway last post for a while as I've been ranting all day lol.

Apologies if this is going over old ground.......... Going through the Dec 2016 companies accounts on Companies House, Its interesting to note the company received revenues from AJE that financial year of 1.5 million pounds, however made a loss of 1.5 million pounds��so basically including executive and non executive salaries, expenses and investments in AJE other investments, effectively the company seemingly burned through 3 million quid. This is where a breakdown of the parameters is really needed to see whats going on. Although the vast amount (2.3 million) is quoted as admin!! WTF? Nonetheless, this year ive calculated they should see revenues of 3.75 million quid � even with the shut in, so assuming the expenditure remained the same (big assumption), they should still make 0.75 million profit. But I have to say, I really want to see more information on that 2.3 million "admin", that seems insane to me. I think if we do manage to get an EGM or Q/A session arranged though grouping together, that's one of the first questions to get answered - unless anyone here can enlighten?