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It is certainly nice to see after months of gloom for COP. The current market is lacking confidence with selling on any baddish news. Nice to see COP rising with investors at last seeing a good company with good oil and gas production and good guaranteed contract rates, at least on gas.

The company must be doing something right. That's for sure. Closed up almost 50%. Albeit at just under 4p.

The share price has been, and still is, very low. I expect there are those who think if it hasn't gone bust by now it is unlikely to do so. Followed by several encouraging broker ratings and assurance from the CEO that the court cases are inconsequential has probably allowed some to test the water again.

The buy ratings have been out for a while but have been ignored because investors considered COP too much of a risk factor. The publishing of ratings is also a matter of timing and now is a good time with the oil price recovering and any internal Circle Oil problems being sorted. So these ratings being put in the forefront may well have had an effect especially as they came out yesterday and strangely today the sp rises. Let's see if the sp continues to progress ...

This may also have something to do with it: http://www.intercooleronline.com/stocks/circle-oil-plc-loncop-given-consensus-rating-of-buy-by-analysts/367840/

You could be right. Or it may just be that the court cases are either being sorted out or being reduced in importance by the market. Even just over 3p is still very low. This company has good business in Morocco, Tunisia and Egypt with contracted gas sales five times the current market price. Otherwise the company would appear to be in good shape.

There are some court cases and the market is concerned about them. They may be inconsequential to the company but the company needs to get them sorted out for prospective investors to buy in to COP. Any current movement upwards is due to the oil price rising slightly. However COP has collapsed from 12p to 13p a share to the current 2.75p. That is completely disproportionate to other oil companies and has to be due to internal problems. The only outstanding internal problem with Circle Oil is the court cases. Convince the market about them and COP will rise. Simples. The company has good gas income at a contracted $10 instead of the market $2.

The spread has always been big with COP. At this low price it is even bigger. That and the 1% transaction tax makes it a difficult share to buy in at present. If the company can pave the way for investors, by coming out with some news which makes it a viable buy, then the share price should progress upwards to at least the 6p targeted by dpoc. That would require positive income news and the court cases being sorted out.

However the oil price is not the main reason for the collapse in this share price. We are now into February and no word about clearing up any court cases, when they were meant to be sorted by the end of January. That is fundamental to getting this share price back to a reasonable level. Who is going to invest in Circle Oil when these court cases are apparently looming over the company? If they are inconsequential as Mitch Flegg has said then he needs to prove it as the threat of them has proved very consequential to the company's share price so far. Other factors should not have led to the current share price collapse as oil and gas production are reasonable with good contract rates for them.

Many would say this is a speculative buy. However it has lost a lot of value and so could rise significantly. The company appears to be in good shape.

You make it sound like a prison sentence! And it may seem like it. But indeed this is not a stock for traders. If you're in it now you either sell at a (big) loss or hold for better times.

Closed at 2.5p which equates to a rise of 25%! Looks impressive until you realise it is just at 2.5p. And the spread will mean selling will get you no where near that. More like 2p and that will get no one a profit. So an apparent 25% rise actually means nothing.

Yes and that is 1% tax as opposed to other companies on the London stock market at 0.5% and some even at zero%, such as Petrofac. However currently the oil price is showing jittery signs of recovery. We should also expect some clearing up of those court cases as we are now at the end of January. On the other hand we may well have just been given bad information on that from Stockbuyer.

Depends on the proportion of your total investments it is. If it is just a small proportion then COP has as good a chance as anywhere. It has the greatest chance of rising disproportionally. Many small oil companies have not survived the last week at £26 to $27 oil. Circle is still there and the oil price has recovered a bit although showing occasional signs of falling again.

Your investment is way down already. It's not worth cashing in now. To regain a previous share price around 12p or so the share price will have to rise by 600%. No other stock is going to do that. But COP will have to for it to get back to a sensible level. Even a rise to a lowly 4p a share would mean the share price doubling and your current stock value doubling. If you need the money then sell but otherwise hold. And if you do sell you aren't going to get much anyway.

COP has been sinking since September 2014. That is the same as the declining oil price timescale. However COP has reduced much more proportionally than the oil price, in fact it has collapsed. This has ben due to factors particular to Circle Oil such as the pending court litigation and, frankly, an incompetent drilling policy in place since the oil price was so high it masked any failures. The BOD has also changed members with a new CFO and CEO. Two crucial parts of the team who will have had a steep learning curve. The reason often given for the share price fall has been the fall in the oil price when the other problems were there as well but masked by the oil price fall. The drilling policy has since been improved to reflect a required more efficient regime and the court cases should be sorted out this month according to Stockbuyer. Although we clearly can not rely on his posts and court cases have a habit of being very prolonged. The company saying that most of the cases are either irrelevant or insignificant may actually be true but the market will not believe that until it is proven one way or another. Any money invested in COP has to be considered as tied up for some months to come until the court cases are sorted and confidence is restored in the market by proven company performance. That could take some time.

Suddenly the oil price goes up above $30. What's brought that on? Possible expectation of further penalties against Russia after the result of the court action?

Looks good doesn't it? Until you see the price they are paying. They are taking a big risk. If the share price recovers they will do very well. If ....

http://www.proactiveinvestors.co.uk/columns/sp-angel/24032/sp-angel-morning-oil-gas-union-jack-oil-chariot-oil-gas-petroceltic-trinity-exploration-24032.html

All gone very quiet on this forum and from Circle Oil. Clearly they are waiting to sort out the debt servicing. Without that this company is in serious trouble. The sole adviser, Investec, is clear in the article as to what is required. Circle Oil's situation in Morocco, Tunisia and Egypt should not result in the ultimate demise implied by riddler. However we are currently left in limbo until it is sorted. Brent has fallen to $27 at it's lowest and is currently up a little at $29. Crude is at $30.5 and is now well above Brent. With Iran coming on stream, OPEC with no wish to reduce production, U.S. fracking and reduced world demand, especially in China, we are reaching a nadir in the oil price.