Member Info for ThinIce

Not exactly a sell off, in fact fairly even between buys and sell. They say shares don't rise in straight lines. Lets just hope this is merely short termers getting out and normal service will be resumed! Good luck ThinIce

You are correct The Buffoon The changes I identified are between the July presentation and the latest.

What's the issue in Morocco eegbvi? I wasn't aware we had an issue there! Thanks ThinIce

Actually its a little confusing. I think they may have missed a 'drill symbol' of the plan. Offshore Morocco shows evaluation of well results (last line) in Q4 2015. This would of course suggest that there must me a drill in 2015 (line above), but there is no symbol. They cant be talking about FA1 as that is specifically mentioned (2nd line). If that is the case, it looks much better. I hope its just a mistake.

Hi Hammers1312 It could be the slippage. See page 40 of the presentation. The first appraisal well onshore Morocco is now hovering around Q1 and Q2 of 2015 (previously Q4 2014). Offshore Morocco, no second well until after 2015, possibly 2016 (previously Q2 2015). Stage 1 and 2 farm outs in Celtic Sea now into Q2 2015 (previously Q3/Q4 2014) The so called 'near-term price drivers' have been removed altogether from the plan. The PIs will bail and come back nearer the time I think. Shame as I thought we had momentum. ThinIce

Hi The Mad Stork Did you get to the presentation yesterday? If so, was there anything interesting to report? Thanks ThinIce

Hi Essex I know you were regretting getting out. Are you (getting) back in? If so, what's your target? Thanks ThinIce

Hi The Mad Stork Thanks for this. In my view the re-rating has already started. There may have been a significant jump in volumes recently, but we are still only talking about 1.7% (today) of those in circulation and if the data is right, about 600k more buys than sells (or £50k's worth). I tend to believe the data to be largely correct. Its quite clear to me that the MMs are trying to work this up to a more realistic valuation. I only wish I knew what it is they have in mind!! Cheers and have a great weekend all. ThinIce