Member Info for Phoebus

to buy in decent quantity on quote and deal. :D

high volume today and very oversold on the charts. Despite the negative updates this is still the world leader in this sector. Tom Winnifrith is also very positive on the stock. http://*********************/views/15664/tom-winnifrith-bearcast-12-october-daniel-dunkley-of-the-sunday-times-is-a-****** At the very least this should see a gap close to 142p and momentum may drive it higher. Definitely a good day to buy. GLA

Overhang gone! Now up we go on back of those great results.

Hilarious. NOG doesn't seem to have gotten the memo yet. Terrible US jobs figures, oil and stocks down hard and up goes NOG. ROFL

what is going on with the SP this week? Can't help feeling we've been played.

I can only describe today's SP action as ridiculous ... or the whole week's for that matter. What are the hell are they up to?

Let the cake rise steadily.. It will will be done when the timer hits 15. :)

sure feels like its changed here for the better. This did 3p to 11p in March on no news. With the excellent interim results the other day I think we can put in a similar performance. GLA

Total liabilities up $65 million in one year though.

buying there by Odey. :D

Significant discount to cash and now risk of CAPEX requirements lifted. Looking good.

Bargain arbitrage op.

its direct investment in EUA, MTL is already starting to move up following that announcement. Best to get in there before EUA unsuspendend.

LSE SP now above Oslo. Tends to happen as the SP starts heading back down. Careful chaps.

Cheers Ghostwriter. I dumped as soon as you posted. How do you know?

That's a great result. I had expected a bit more bond financing so I wasn't expecting that. Any funding risks are now removed. I guess it explains the historically wide LSE:OSLO spread from earlier today. OSLO bid still holding at 34.63p so hopefully we can now move up together from here.

Yes, that's right, 31.94% for WRL, 13% for SOLO and 52% for AEX. The figures represent discounted future net revenue before any operating expenses. And the second set of figures are over 25 years production.

Slight mistake with the AEX figures. Should be NPV10 £26.6M, 1.4p per share. I reran with NPV5, 15% decline ratio and 20 MMSCF/D for KN. This gives [SOLO] £9.2M, 0.17p, [AEX] £36.8M, 1.94p, [WRL] £146.7M, 95.2p.

TBH this share reminds me of Bridge Energy from a couple of years ago. That also has its main listing in Oslo and a secondary listing on AIM. Excellent discoveries in the North Sea with some nice production and a good forward production profile. Trading on LSE was hard due to thin volumes. The SP was near its lows and fundamentals looked compelling there too. Result? Takeover. I would not be surprised to see the same here.

No problem. I was also in AEX and SOLO, which is what led me here. The results of the comparison really surprised me and I shifted my focus here. Lots of noisy people on those two boards, particularly SOLO, but almost nobody here. Speaks volumes.