Member Info for stockdale

40 days in now. At the 40 day of the 30 to 40 day window and no news, at all.

Stockbuyer, sounds like you came in at 26p. Don't blame you for being annoyed if that is the case, or even at half that figure. Any local legal issues may be a problem for any prospective take over but certainly not insurmountable. With the company now at less than 20% of it's value a year ago it would certainly be cost effective to ensure any legal issues were cleared up if that were to restore the share price. There are many companies that don't pay a dividend. COP are certainly not unique. But the collapse in the share price is a major issue. Companies like Shell do provide a dividend and so share holders are less bothered by the fall in value as they are always going to be getting their quarterly dividend. COP on the other hand has a severe problem with it's investors at the current share price. Management need to do something, and quickly, to restore the share price to a reasonable level. As I have said 10p was a very low price. At the current share price it is at a dangerous level for the company.

A positive post from Stockbuyer! How nice. No news yet though and a good gas find should be earlier rather than later with good gas pressure from a good find. Maybe they are waiting to be absolutely sure after the recent failures.

Yes, we are over half way through the 30 to 40 day window for KSR-A. Doesn't look promising.

Still waiting for some Director buys to bolster confidence.

Today 276344 bought / 14757 sold. So 19 times buys to sells. And yet the price languishes at 4.34p.

And yet the share price still languishes ....

Have you been selling at 4.3p elland? From your previous posts I doubt it. Can't understand how you could think I meant you!

Just had two sells at 4.3p! What are these people on?

The problem with Stockbuyer is he is all negative. The comments he makes are valid up to a point but at the current share price they are all taken into account already. The positives in the Interim Report should push the share price back up. As I said before when the price was 10p it was considered a very low price for COP. 26p may be dream world but 10p certainly is not.

The trouble is we have been saying this since the share price was more than double the current value. Maybe someone has forced the price down to make a cheaper buy in for them but there is no evidence of any buy in attempt yet. It would not be difficult for a larger company to buy in to a controlling more than 50% shareholding at the current price.

There's a general malaise in all stock markets at present regardless of the type of company the stock is. China is blamed but stocks that have nothing to do with China are collapsing. Even oil is falling because the stock market is falling as commodities are effected by the current general world economy malaise. COP is effected and may not be bought up so easily at present because no company is wanting to buy in at present. When the overall sentiment improves there should be a better chance for COP. The current valuation is way too low. A drop in the rating price to 26p should not be such a big deal. After all it is still six times the current share price and is just a target price anyway.

Interim Results don't look too bad considering the dire predictions. In profit, good gas price, Tunisia farm out happening, etc..

They are certainly moving in to a critical period. A poor result from KSR-A with the recent low oil and gas prices inevitably giving lower income over the passed 6 months will leave the company in a bad position for shareholders. A good result and a good Interim Report would boost the company. Even a share price of 10p was considered very low until very recently, and that is double the present price.

The only reason for leaving it late is KSR-A. Without that they may as well come out with the report earlier. So they are looking for a good result from that. As I have said the 30 days from 26 August is now up so we can expect a result from KSR-A over the weekend or by Monday morning. They must surely be pushing for a result early in the 30 to 40 day window as the company share price, and therefore the company, now depends on being able to get out an optimistic Interim Report. Without that the company is in severe danger of remaining at a very low valuation. 26p a year ago to 4.5p now means the company is currently worth under 20% of what it was a year ago.

Tomorrow is day 30 from 26 August when the drill was being moved to the KSR-A site. The last RNS stated 30 to 40 days for a result. With most gas production from the KSR area there should be a good chance for success this time. A good find should be apparent sooner rather than later with a large find producing good early gas pressure. Circle Oil also needs an early find with the Interim Report due at or before the end of the month. Any significant delay would be dangerous for this company with the share price in its current state.

It certainly isn't guesswork. The use of seismology to determine the geological structure underground is basic in the oil business. You can not actually see the oil or gas but you can certainly see the structures that would hold oil or gas in place. You will also know from knowledge of other finds in the area whether a good example of a geological structure is likely to have gas or oil. Ultimately you need to drill to find out for certain but you can tell whether there is a strong likelihood beforehand.

The share price only tells you what has happened in the past and that has not been good on recent failures. It can not predict the future success or otherwise of the next drill. I would assume they are drilling at locations where the geology, determined from the geophysics, predicts success. To get a third failure in quick succession would show a severe lack of knowledge of the geology and what is expected from current gas or oil finds in the area. Considering the cost of drilling they should only be drilling at locations where the chance of success is high.

http://www.financialwisdomworks.com/brokerages-set-circle-oil-plc-pt-at-31-40-loncop/33997/ Not too surprising at the current share price, unless the company is a complete basket case. What is surprising is the average target price is 31.4p or 7 times the current share price (dream on). The posted blog from James2 is more helpful in giving an unbiased appraisal having interviewed Mitch Flegg. It's unusual in that a journalist has actually got access to the CEO to write an article about Circle Oil. Something that has been sadly lacking in recent months. Expect the Interim Results at, or toward the end of, the month with some news from KSR-A. The Board is prevented from giving out opinions in advance of that by the regulations..

A lot of expectation appears to be being placed on the result from the KSR-A drill currently taking place. With two recent failures in Morocco the company is needing a good result. They can wait until the end of September for the Interim Report and the KSR-A drill result is expected around then. A good result coupled with the oil and gas production figures should be good. However the current low oil and gas price will put a damper on the figures. Another poor result with KSR-A could create even further downward pressure on the share price, if that is possible at the current 4p a share.