Member Info for tooldforthat

Don't know jon, I can't remember

There has also just been another lift of oil this month

I think I'm right when I say aje is producing around 6300bopd

Sorry their 6.5% not 12%

Their 12% got them 403bopd during 3rd quarter

If I remember rightly there was 96m shares initially as I remember watching from the side lines. The share base then got upto about 500m when I bought in for the Nigerian asset about 2years ago and since then the share base has ballooned to 1.4billion which I don't like. I do think this share should be at 1.5p now based on the value of the Nigerian stake alone. Did try to buy today at 0.64p but they wouldn't take it

Have tried to buy this week but they are not letting these go for less than 0.64, looks like I will have to pay full ask :((

The other thing that is most annoying is MXO shareholders getting information clarified through announcements from other operational partners. Then we get a token gesture RNS a day later, with just the basic of information in it.

Wouldn't have a clue Phil. MXO has been strategically quiet for so long now, I'm surprised anyone knows what the hell is going on. We're we only doing 5000bopd before workovers. If we have 7500 then that's good enough for me. But this silence to shareholders is getting to the point where it has to stop now or we need to replace the board with someone more proactive

Watch oil spike with the tensions in Saudi and iran. Might buy some more here with my myn profits.

Well if we still have 33m shares left and he sells on Monday then he will get back just under our initial investment of £300k

At least this sale does away with any fund raising if we were in need of immediate cash.

We must still have some holding in MYN as we bought 100m shares.

if the problems in Saudi Arabia continue we could see oil heading a lot higher

well our myn investment could soon be 10% of our market cap. Maybe SO has done us good after all.

Surely it can't be much longer until MXO starts to recover

MXO well in profit now on myn. Think that profit will rise even more tomorrow

MXO currently on �30K profit at moment with their myn investment

whoever buys in this morning should make a nice profit by Christmas, have no spare funds myself, so will miss this price

Finally some positive news, and yes Jim you are right, mxo will no doubt be the last to RNS this. This has got to move up this morning surely, it has to be back over 1p if production is going to fund future expansion of oml113.