Member Info for tooldforthat

5m shares sold at 0.0625, someone got sick of waiting for the bounce

If they can stop showing buys as sells then yes, but that's the way this site and others show it, when a buy is just under the mid price

I still don't know who bought the shares, I keep checking the significant shareholders daily, but it hasn't changed.

Would rather be in this than oilex

Got to start moving in a positive direction soon after the beating some of the small oilers have taken on aim the last few days

In all fairness they haven't really announced any bad news, they just don't know how to talk up the positive news they release in announcements. We've not had any dusters, all wells have given positive results, were producing oil, preparing to drill more wells in 6months time with the prospect of increasing production to 20kbopd, it's just that last fund raise that hit us hard

With you on that jholder, I think we will be getting some positive news very soon

Thanks berm, news must be on the way.

Can we get another 7% rise today, will be nice if we can keep the trend of the last two trading days going

Hopefully the share price graph will mirror itself

Is mxo price finally on the mend

I see they have took the investors presentation down from the website

Average 136p, blimey how far back was that

Eh! Gfb, we could move higher today, fingers crossed

Plenty of buys this morning with a nice 10m

Sorry if non of it makes sense too, it is hard typing on s phone screen

As for mxo, the only thing that irks me is the way £6m got eaten into last year and I have a theory on that. I believe when they did the work over on aje5 last year to repair subsurface problems, sidetrack 1 failed and they never reported it to market and hence the reason we have sidetrack 2 on aje5, they had to drill again, hence the huge expense. Also we had a big drop off in production from 11k bopd to 3300bopd. I think they may have damaged the reservoir Dynamics in that area by pumping out at such a high rate, that's why panoro were unhappy with plans for aje6, they state they don't want the field damaged by a quick spud of aje6. So something must have happened for them to say that, and for all these field studies and slower approach, they don't want to make the same mistake again and why they are going to eventually make aje4/5 horizontal Wells. Even though I think that is what happened but have kept it too myself I do still believe mxo is a good buy, just for the asset. I also think Stefan did the massive discount fund raise to save his arse, he single handedly reduced every shareholders share in the company by half and increased his and the boards shareholding by 100%, effectively neutralizing any shareholder revolt to remove him. Sorry for the long post guys, don't mean to bore you, it's just stuff on my mind, sorry

No worries my own fault, I bought into this because of the quality of the reservoir and the quality of the oil, never thought about looking into the company's board as we are only a small partner so have no real influence on how the field is developed. One thing I do now though, is I avoid companies into fracking and heavy oils, I find they are not economical and have fast drop off rates.

Best way

Going to start a new club, " the ninety percenters" for all those mxo investors who are down 90% like myself.