Member Info for S740

Heid you need to be more accurate. The Newton well has nothing to do with us, it belongs to MetalNRG, lying 10 miles west of Lincoln. It has produced but is currently shut in, basically they drilled the formation in the wrong place. It's an interesting prospect , but it isn't West Newton.

I'd didn't miss your point at all JD and I'm not saying that for another company your logic isn't sound, in theory. However UJO is not and never has been an oil company, it's an oil investment company.

Added to which the current 40% ownership of Egdon by the bidder makes any counter offer utterly pointless.

JackDiamonds you ask why UJO didn't make an offer especially with Egdon being the operator. I'd say that that is precisely why, DB has said on several occasions both in interview and shareholder Q&A that he has no interest in being an operator. Becoming an operator would be a huge change for UJO needing many more staff and associated costs. Let's stay as we are, keep it simple.

Personally I don't expect an offer in the immediate future, although ultimately that is why I'm here.

It would have been easy enough to continue the ".......made a reasonable return" sentence with "but as part of the sale agreement we had to sign an NDA, therefore I cannot give precise detail of the sale." But he didn't.

jurisdiction*

The question is what do the Mongolians and PM need to sign which can only be done physically in the in MATD is registered? To get cabinet ministers to travel half way around the globe to somewhere which quite likely they'd never heard of previously, it must be significant, and it's not even TT fortnight yet.

To be serious JC assuming you really don't know. They vanish in exchange for money.

Once an offer is made the board will await reaction and see if other offers appear, we hope for a bidding war, but this may or may not happen.
The board will then either recommend or dismiss the offer. If they dismiss, we move on, if they recommend an extraordinary general meeting is called and all shareholders get to vote on acceptance. It is very rare for a decent recommended offer to be refused.
The bidder then acquires all shares and we the shareholders are paid out at the price per share which we earlier voted on. If the offer is accepted but you voted against, tough.
The price can be either cash or a mix of cash and shares in the bidder.
So for example if the bid is 50p and you hold 20,000 shares you get £10,000 credited to your broker account.
Hope this helps.

km range.

Finger issue there

As others have said Carlos, nowhere near. We know roughly where Heron is right bangnon the Chinee border in Matad province. I have never seen the refinery location more accurately than Dorno province which is south east of Ulaanbaatar, making the distance somewhere in the 7 ti 800

Mongolian Grill High Street opposite the Arndale Centre and Ghengis Khan's on Chrolton Street, to name two. Not that I've been to either.

Confu seems to have vanished, I used to enjoy his/hers pontifications on the evils of Clontarf Road. Hope they're well.

This is a very odd trade even by AIM standards. Share mid price 24.25, buy price 24.5 and this is showing as an unknown trade at 25p, it seems pretty obvious to me. Persimmon's observation that it could be an amalgamation of several previously undeclared orders is not impossible, but that such an amalgamation would total exactly 250,000 seems somewhat unlikely to me.

Actually bad prophet I think you'll find that it's the NOMAD who has the final say in what is reportable and what isn't. If a CEO tries to withhold notifiable information they'll soon be put straight, not that I think MB would do such a thing anyway.

https://ie.globaldatabase.com/company/raglan-capital-limited#div_shareholders

Yes she is a director and shareholder (42%), although I'm not sure of the relevance.

All those multiple round figure buys one after the next suggests a single HNWI wants a chunk to me. Unfortunately for him and fortunately for us the very small free float of stock a) makes his task difficult and b) the price will rocket in the trying. It is easy to assume that the price will fall back when he has finished, however if the new holder is as sticky as the vast majority of current holders this isn't necessarily so; time will tell.

The combination of the work rate and regular information flow so far seen from the company coupled to shareholders who in the massive majority are sticking tight and keeping stock supply very tight will ultimately reap exceptional rewards for all concerned.

Yes you can milnrow, Volvo, Mercedes & DAF are all delivering them in TINY numbers now. Four big issues, 1) you can buy 3 diesel tractor units for the price of one electric, 2) the weight and space of the batteries means you have to leave 20% of the load behind, of course this doesn't matter for light goods but bulk oil is anything but light, 3) the cost of the mega charger required to recharge one in a reasonable time, well I may be out of date but a few months ago it was over £150k each and 4) the restricted range although to be fair that wouldn't bother us from Wressle to Killingholme twice a day.
I think our haulier will be sticking to diesel for a while.

So which part of the South East of England do you come from then RE10?

I was present at that presentation shandypants, (remember those) it was closer to four years ago than two. What wasn't in the video was the classic Cathalism in the buffet afterwards, when asked if ICON knew they were going to be buying ORPH Cathal said "no, I haven't told them yet."

Personally from that day to this I have believed that ICON will eventually buy us sooner or later.

If your buy still won't go through in the morning I would be calling your broker, they will either tell you what the problem you/they are having and advise you accordingly or alternatively they may take your instruction in a recorded phone conversation and do it for you. If you're looking for a chuncky buy they may have to action several smaller buys to gather your required quantity which will have a dealing cost to you but at least you'll get your shares; if it's not that, well, talk to them.

Actually GP it was I who pointed out that 30.5/64ths is mathematically incorrect not milnrowmug when this question was first raised last weekend, but for some curious reason the oil industry describes all measurements in 64ths. Also whether or not you think that the choke size is relevant it none the less is the answer to the question posed. As it happens I do agree with you that the choke size has very little relevance to anything at present.