Member Info for slipperyslope

Further RNS. Looks positive developments here for MOIL and sp making a move again. Oil price predicted to pick up 2nd half of this year so this could be a very good earner from this price.

That is another set of good news I have had on my holdings today. Looking good.

Brokers have given this an uprated target with Numis at 210p. Plus things looking a whole lot better. No doubt it won't get there in a straight line though.

That last sentence should have read 'tax' burden.

I read in a number of articles that the break even cost would be around $30 per barrel as per report when oil was trading at $67 per barrel as per following: http://news.mongabay.com/2005/0930-madagascar_oil.html At the moment MOIL is talking about 10,000 barrels a day which at $60 is $600K a day to start with. Extraction costs have come down over recent years with new methods being adopted. MOIL also have 100,000 barrels siting in storage so that is $6 million worth waiting to be sold to the local community but probably at a reduced rate. Tac burden being imposed by the Madagasy government is very small indeed. This would all not been approved unless it was commercially viable.

News is starting to filter through on how big this could be and we should see more in the press over the weekend. Would expect to see more investors looking at this one next week.

John Kennedy knew what he was about buying all those share at around £1 over recent months. Should also have been a clear sign of good things to come. Still good value at current sp

Buys going through now and some substantially over price. One 200K buy at 10.9p. Could be getting to make a move north again.

was 70p pre news this time last year when SP was at 20p. Oil prices then came down by half to $50 per barrel and sp forecasts for MOILwas reduced by half to 35p. Oil prices on the rise plus with latest news should see a short term rise back to where sp was this time last year to at very least of 20p. Looks to be worth a punt at anything at or below 10p IMO. Interesting article on oil prices for those interested. http://www.iii.co.uk/articles/236317/oil-rally-could-make-80-plus

Okay guys. Who cares. One thing I have learned from being over 30 years in business is never believe or trust anyone. Facts are that MOIL is sitting on 1.7 billion barrels of oil with oil prices on the rise this should be worth at very least US$170 billion at just US$100 per barrel average over 25 years. Although price of oil is predicted to rise to US$200 per barrel over next 10 years so could be sitting on US$340 billions worth of the black stuff.

To any of those that have been following the MOIL, the most important part to all this is set out in paragraphs 4 and 5 of the Interactive Investor report: 1. The Tsimiroro Development Plan approved by the Malagasy government, "the first to be validated on the Island" 2. To be able to convince the Malagasy community that this heavy oil project can be developed in a commercially viable way. This will clearly renew investor confidence in the stock. This is a very sensitive part of the world and to obtain the Malagasy government approval was a massive achievement. Plus of course the 25-year mining title covering Block 3104 includes the "1.7 billion" barrels of oil contingent resource base in the Tsimiroro Main Field and the fact that MOIL already have 100,000 barrels sitting in storage just waiting to be sold. Plus then if you work out the sums 10,000 barrels a day x 365 = 3,650,000 x 25 years = 91,250,000 barrels. Not bad. Congratulations to MOIL.

SP held up well which is a positive sign. Nice article giving low down on the situation for those interested. http://www.iii.co.uk/articles/236319/why-madagascar-oil-rose-147

have an interest in the Madagascan oil; Total and the like. US also been getting involved. Can eventually see MOIL being swept up by one of the big oil companies for a pretty packet. I am holding and waiting with keen interest on this one. As always DYOR

If you can get in for around 10p or less you should have got a bargain. Should see some more positive rises over next few days. Hopefully re-rate back up to at least 20p. Only problem is getting hold of these shares is not always easy.

It was 70p but reduced down to 35p due to the oil price situation. Still a bargain at 10p. GLA

Best just to keep trying. I always find you can pick some up if you try to buy in small amounts.

of oil down there. Only problem is that it is not always easy to get hold of these shares as very few in circulation. Should see a major re-rate now to that broker target of 35p over coming weeks as things progress.

50% up and moving fast. Won't take long before they notice this one.

I see that I first acquired shares in this one back in September last year. Been buying and holding ever since with that 35p target or beyond in my sights. Good things come to he who waits.

on the up so should start to see a significant re-rate with sp with MOIL. Just need some news as to developments to give it a kick.