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So far just three trades today. Not surprising really considering the low price is not conducive to selling and buys are not encouraged because of the lack of information from the company at this critically low price. We need information from the BOD and we need some good news, for a change.

Strange. I suppose if the MMs are holding far more than that then they can afford to keep the price down to encourage more buys to sell them. We need some good news for a change to boost this.

Stealth takeover?

The trouble is he may be right. They may be waiting for 25th September. Although I think they are waiting as long as possible to try get good news, from somewhere.

Last year the Interim Report came out on 3 September. The start of a new week and nearly two weeks after that date so far and we hear nothing at all from the Board. Maybe they are waiting for results from the latest drill and hoping for better news as we have had two failures in Morocco and one in Oman. So far only the LAM-1 drill has had some success. The result? The share price has now fallen through the 5p point to 4.78p.

Great expectations indeed. When I saw the thread title 'Interim Results' I thought you had some news about the interim results, as you have previously been in touch with Susan Prior. But no, just some more 'great expectations'. Oh well.

Not that there was a lot of information from the company before but the Interim Report is expected imminently and yet we hear nothing. Maybe they are expecting to present the Interim Report with some (good) drill news?

Share price is certainly in danger of going south again. No indication of date for interim report with us well into September now. Poor recent drills. No information from the company. I don't blame investors for selling, although the share price is at rock bottom already.

http://www.irishexaminer.com/business/circle-oil-targeting-tunisian-deal-by-year-end-340847.html

I did not say you are confused. I said you had confused the issue. If I can interpret the rest of what you say correctly I can agree with you. However you talk about individual employee grievances. These should not effect the share price unless they are of a more general nature. The company has changed since those times as well. The last AGM indicated a new direction of travel especially in the way that any drill which looked like being unsuccessful would not be persisted with until the data had been properly analysed. At the current share price and with the new direction of the company this share price should be a bargain unless, as I said, the company really is a basket case.

Elland, I see you were replying to Stockbuyer who confused the issue by using the same subject title for his own thread. He's not only difficult to understand as English is clearly not his first language but also muddies the subject in other ways as well! Nevertheless my point stands and I see the market appears to be starting to come to it's senses today as well.

The problem is not with what I may think it is with what the market thinks. It has seen little evidence in the last few months of the board doing anything to sort this out. The result? A share price of 5p. Director buys? Mitch Flegg had a small buy on 29 June and nothing else since 12 September 2014. Not a lot of evidence there of director buys eh? We have a lot of 'let's see what happens ...' with nothing happening. The market sees that an sells. I think they have had a lot of time as this has been going on for a year now, not just a few weeks. Patience is not a virtue the market has.

Oil up significantly. Eni with a significant gas find offshore Egypt. Maybe some of that good news can rub off on COP. We always hear of bad news rubbing off on other companies in the same sector, as contagion (Tescos, RBS). Interim results out shortly. So far 5 sells at just over 5p and one buy only. At the lowest share price ever for COP.

I agree. Unfortunately the company is not doing anything to change that. Not providing a date for the interim results so close to the expected date is not helping either. You might think the BOD would have some concern over that and would provide a firm date, like any other company, and would provide some information to deal with all of that negative talk. Not doing any of that just provides more ammunition to the negative talkers. The company may think they should not say anything before the interim results. The result of that is a share price of just 5p with a collapse over the last couple of weeks. If the company is good on paper it needs to put a stop to this.

That's confusing. Ramerci hasn't posted for some time.

I got the date from a post earlier by Ramerci. After all that's been said about the lack of information from this BOD's I am surprised at the lack of a firm date at the end of August when the interim results are due sometime in early September. Surely the BDO are concerned at the lack of investor confidence leading to a collapse in the share price? And it is just such a lack of confidence or there would be no selling at the current price and there would be a large inflow of money at this price. I have always seen firm results dates published with other companies this close to results. I find it hard to believe the BOD can be this unconcerned. Of course it is a relatively small company compared to others like Shell or BP but it is an even smaller company now at just 5p a share. Being small doesn't mean they can't get their act together.

I understand the interim results are due out on 4 September, although there us nothing about this in the financial calendar on their website or the financial diary on this website. Any confident information given in that could spark a sharp rise in the share price from the current very low position. The MM's would have to react positively to that.

Most oil stocks have jumped up from their lows in the passed couple of days following the jump in the oil price. COP remains in the doldrums but the business model is better than it was and essentially the company should be profitable from now. I don't place too much importance on broker comments. They often have ulterior motives. A neutral stance at 15.9p though is interesting as that is 3 times the current price. Currently that looks more like a strong buy as that is what is required to achieve a 'neutral' 15.9p. If COP was considered a 'buy' at 9p a share then it must certainly be a strong buy at 5p. That is of course unless this company really is a basket case.

Yeah, I realise that. I listen to the pessimists but don't necessarily go along with everything they say. However I can not ignore the share price and that speaks volumes even if the trade sells aren't. The interim results around 4th September need to be encouraging.

The RNS gives apparent good news and the share price sort of nudges up a little and then collapses down again. For an energy stock this really needs an injection of energy. Stockbuyer comes along and points out that 'mud losses' can be read as 'well collapse' and the market sees that it's maybe not that good a news after all. I would have thought such 'mud losses' in that kind of geology are to be expected and a good find will result in a sound well shaft being inserted to access the oil or gas. This seems to be going in the right direction and just needs some injection of confidence in the market.