Member Info for SilverSpoons

http://m.fin24.com/fin24/Economy/many-fear-sa-heading-for-collapse-survey-20151215

http://www.wsj.com/articles/russian-oil-output-grows-as-prospects-shrink-1453685744

@armagedon, on what basis do you make your statement about the Petrofac modules?

Realistically he'd have to pay 25-35p per share. In the event that he did 1000% share price rise would surely be some sort of stock market record.

a) distressed seller b) someone taking a punt on a short c) warmup for a shotgun rights issue

http://www.bloomberg.com/news/articles/2016-01-07/saudi-arabia-is-considering-aramco-ipo-deputy-crown-prince-says

And its been like this for nearly a month. If I was RPO I'd be working the current wells on minimum cost so that they can see out this price drought without having to go looking for more cash. With oil at sub $40 a lot of the worlds production is going to hemorage whether it wants to or not. RPO will weather the drought due to its owners and will be there to enjoy the profits when oil goes north of $65, hopefully by the summer.

...sadly I'm as over exposed as a philanderer hiding on a window ledge. Fortune seems to favour those that buy in gradually.

http://www.wsj.com/articles/low-crude-prices-catch-up-with-the-u-s-oil-patch-1448066561 “Forty-dollar to fifty-dollar oil prices don’t work in this business,” Ryan Lance, chief executive of ConocoPhillips, the largest independent U.S. oil producer, said in an interview.

No one is selling, therefore no one can buy anything more than handfuls. The MMs will only buy if they can quickly sell on for a profit, so the offer price is for distressed sellers only, and the bid is calculated by adding anything 20 something percent onto the offer (currently LSE shows 22.22%). IMO the company is being run on a go slow policy, keeping spending to a minimum, hence nothing much to report. This is an asset play and due to the artificially low price of oil the strategy has now to be to wait it out until the oil price is allowed to rise again. If Brent goes above $70 dollars then interest will pick up and IMO we should be seeing 20p again, but as long as it stays below $50 then we are going nowhere.

Hey give me some of that action. Some hi roller trading there. I mean really, 2 shares, that's what I call taking the p###.

If there were any impending court cases that were likely to significantly effect the company then they would have been reported via the RNS service. I suggest you read the FCA Handbook: https://www.handbook.fca.org.uk/handbook/DTR/2/2.html Oh and by the way, this link works. DTR 2.2.9 states: "(1) Subject to the limited ability to delay release of inside information to the public provided by DTR 2.5.1 R, an issuer is required to notify, via a RIS, all inside information in its possession as soon as possible. (2) If an issuer is faced with an unexpected and significant event, a short delay may be acceptable if it is necessary to clarify the situation. In such situations a holding announcement should be used where an issuer believes that there is a danger of inside information leaking before the facts and their impact can be confirmed. The holding announcement should: (a) detail as much of the subject matter as possible; (b) set out the reasons why a fuller announcement cannot be made; and (c) include an undertaking to announce further details as soon as possible. (3) If an issuer is unable, or unwilling to make a holding announcement it may be appropriate for the trading of its financial instruments to be suspended until the issuer is in a position to make an announcement. (4) An issuer that is in any doubt as to the timing of announcements required by this chapter should consult the FCA at the earliest opportunity."

They being who? Since your deramping post carries no link we are none the wiser. Funny how this is your one and only post to date.

...it. I think they will have to accept that another buy in is inevitable if they want to ensure they have enough capital to keep up their ambitious development programme through the next 3 or so years. Say 400 million share for £100 million. Maybe their largest customer would be interested.

It was a margin call forcing the sale of a geared position the holder could no longer afford to keep open. Multiple auction extensions before a rock bottom price was reached infer a forced sale. Could be wrong though. Just my opinion.

There's never been a better time for that Amigos to take the company private. Question is, how much.

http://fuelfix.com/blog/2015/08/14/russias-largest-oil-producer-bucks-global-slump-in-drilling/

hammering. If RPO could just announce a buy out now I could take advantage of some of the multi year low share prices out there, which would be great. Hint hint

...only kidding. Spartan's never sell as this misquote goes. Lowe oil goes the more the volume produces will cut back and the bigger the rebound will be. Iran is an unknown factor but I'm guessing all those US fracking interests will manage to scupper any rapid expansion there. Also, no one appears to mention the fact that Iran has been happily selling oil to China all the time that sanctions have been in place. RPO meanwhile appear to be drilling in a cost effective manner, reserving their cash in the knowledge there's no point in pumping much oil at these prices. So in summary, its still a great investment, its just that us long suffering shareholders may have to wait 5 years before we get our 50p payout. Hopefully that day will come before my retirement in which case I will remember to toast RPO every time I finish off another overpriced bottle if wine in my favourite Riviera bistro.

http://www.business-standard.com/article/economy-policy/what-s-driving-the-2-yr-high-growth-in-india-s-petroleum-products-consumption-115033000173_1.html http://www.ft.com/cms/s/0/78f88222-9aff-11e4-882d-00144feabdc0.html#axzz3frc6O8ud