Member Info for Pondering

Over-expections that Rome will be built in a day, or even a year. It would be better if people who are not for the longer trip (i.e. into next year) just leave and do not return. I believe Art was suggesting that in a round about way in his interview. Thanks to Tilburn particularly and one or two others for quality postings.

I would probably factor out the AZD trial now, as the SP seems to have. Unfortunately, it will be very difficult, likely impossible, to get into clinical practice on this study alone in view of "A strong trend towards.." rather than "a statistically significant difference". If something surprising and positive comes from the drug anytime soon, then it will be a bonus.

I’m getting NT to buy £500. That tends to inhibit buying volume.

Yes, in agreement. Not just EEE. Needs sector sentiment change, more impressive findings, preferably both. Wheels keep turning. GL.

Considerably locked in. A combination of general cooling of general market for such shares, and an 'inconclusive', 'positive' RNS. More drilling, more drilling. It could well turn good, though apiece of string timeline. Looks like a buying point here, but who can know...

"Environmental and ecological consultants" mentioned in the RNS. That's what they are paid to investigate and plan for. There's too little info in the RNS to judge the extent of evidence/changes needed and the outcome of an appeal. Positive that actual the water issues passed.

Despite being a down from when purchased, feeling optimistic about this one. They've turned up the comms nicely and seem to be working proactively to prove up something commercial. Not much more to say - it's a wait and see.

Timing of the release is not a major issue imo. The message is the essentially the same - resource potential is massive, the company are behaving in a professional way with local authorities and communities, there are still some steps to get there. Should be big gains here eventually, just not immediately. Fairly reassuring for LTHs. Not a trading share. IMO.

Most shares held will have been bought in the equivalent 28-38p range. Some of those who bought at the lower end and some traders will sell into rises. However, interest is high, volume high an is our friend, ii's hopefully gearing up, newsflow to come. It's not going to jump back to 40p in one day, but feels that the correct direction of travel is now being set.

Seems there's not as much money sloshing around the AIM market as there was this time last year. Lots of declines since January. Instead of "sell on news", there now often seems to be "no reaction to news". I agree, some of it is about getting the message out there more and somehow generating a buzz over others competing for investor money.

I'm happy with the RNS. It does sound promising. I remember posting in April that I would have liked to have been on that flight. Also positive that drill plans are in the RNS, as well as the results.

lokanraej I'm certainly no expert in well declines and lifts. I have only an impression from the same data the company have released and having attended the recent online investor presentations. On keeping existing wells going, the BOD seemed reasonably confident they would get benefit (i.e. maintaining longer/slowing decline) - a year, 2 years, 3 years - nothing was stated. It seemed clear they did not expect the measures can increase production - they are going to need more wells at some point in the future Is Sancrai well/field the answer - no-one here should have the info until it is released. At the last meeting there was mention of pursuing other possibilities as well as Sancrai. Large profits due to current gas prices should give them more flexibility. Anyway, I have convinced myself that this is a decent investment at these levels, and 'safe~ish' in the medium term at least. You are doing your own research ofc.

I'm in SENX as well as OMI. They're very different. SENX is safer, and I think has a slow and moderate potential gain e.g. 2-3x. OMI is more volatile, but has much more overall potential gain. I believe both will be worth significantly more than they are now, or wouldn't be invested in either. However, if you crystallise a big loss in one share and then take a second risk, that's where the MMs, and the more patient, often win out.

"2021 marks a rebasing for the Company". I think that's a fair and hopefully correct statement from FM in RNS. Holding.
I take comfort from increased production looking promising, electrolyte coming eventually, Orion 17p still at the back of the mind 60% up from here.

Listened in to the Proactive meeting, though a bit distracted by home events. Sancrai-1 - he was obviously not giving any price-sensitive info on that, though suspect they are now getting some idea of what is going on. He used fairly optimistic, or possibly ambivalent terms, such as "hoping" that it will add to Romanian supplies, and that they will have an answer for shareholders "in a short while". I didn't read anything particularly negative - it is only one well either way and they are looking at other locations for new resources in Tunisia also.

A big positive of gas prices rising - he presented Romanian gas prices ~doubled in the last few months, so margins also going to be up nicely. Low-cost producer. Re-iterated that they view the company currently (significantly) undervalued. Seemed ok. I didn't get the the impression there was a huge audience, so maybe other avenues of PR/excitement also needed to get more new interest in. Hopefully, gas prices alone and future profit reports will do it in due course.

Thanks. Confirmed, it's on the proactive website under "Events" tab. Calvin Brackman (Vice President, External Relations & Strategy) presenting. The agenda as presented on the website is:

Webinar Host: Sarah Lowther

Calvin Brackman
Serinus Energy (LON:SENX)

Martin Carolan
Global Energy Ventures (ASX:GEV)

Paul Griffiths
Predator Oil & Gas (PRD)

Mike Buck
Petro Matad (MATD)

Happy with this one. GLA.

Still hanging around. TBH, just posting to put it back on my 'pie chart'. Still holding, and ok to hold. It's been a pretty disappointing spring and summer for many shares. Hoping it picks up again for BMN in coming weeks and months.

All quiet at the moment for both selling and buying. Only 5 trades showing.

At the investors meeting they said it might be some months for an update on Sancrai-1. From the RNS (4 weeks ago now): "...further technical studies to better understand the Sancrai structure and evaluate the options available, given the high total gas readings during drilling". It would be nice to have an earlier pleasant surprise either from that, or something else, but we will see.

Also bought some more today. Averaged down at this point, which was a bit unexpected. It looks like still some selling dripping in, though perhaps matching buying volume now. The large turnover in shares since the relist means the average for many current investors is probably around the 0.32-0.38 range. It seems straightforward to me that this will turn in the opposite direction in due course. Not bothered on a minute by minute basis, though I guess it could turn quite quickly.

The chat is a bit of a mess. Sell, buy, or hold. The latter for me. No need to check minute-by-minute. Read the RNS('s). Decide if you're happy with the direction to company is going. Decide if you think the current clear-out will end. GLA.