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and buy limits crumpled

something brewing

getting serious l2 looking hot

moving on tiny buys

buying starting

Philippines needs to discover new gas field – experts By Iris C. Gonzales (The Philippine Star) | Updated March 9, 2015 - 12:00am Read more: http://www.philstar.com/business/2015/03/09/1431428/philippines-needs-discover-new-gas-field-experts#ixzz3TpOyZROo Follow us: @PhilstarNews on Twitter | philstarnews on Facebook

Hunt for next Malampaya on By Alena Mae S. Flores | Mar. 08, 2015 at 10:20pm http://manilastandardtoday.com/2015/03/08/hunt-for-next-malampaya-on/

we are looking at new projects. Mr. Appleby also serves as the Chief Financial Officer and Finance Director of Mercom Oil Sands Plc Maple Power Capital Corporation Announces Merger Agreement With Intrinsic4D LLC in Respect of Qualifying Transaction V.MPX.P | 1 day ago TORONTO, ONTARIO--(Marketwired - March 6, 2015) - Read more at http://www.stockhouse.com/news/press-releases/2015/03/06/maple-power-capital-corporation-announces-merger-agreement-with-intrinsic4d-llc#z6A4teRAyXYkOtPj.99

New Malampaya top priority – Otto http://www.manilatimes.net/new-malampaya-top-priority-otto/167975/ March 8, 2015 8:44 pm

not as easy buying today with update due

l2 going north went 3v1

leslieby Nearly bought 100@4.5p but mms would have put it through as a sell a dropped it making it look like a seller,dropped was caused by new guy cashing in his 400k options for work done.

looks like this is mighty cheap. http://www.gmanetwork.com/news/story/446029/economy/companies/dfa-asserts-phl-claim-even-after-doe-stops-drilling-in-recto-bank DFA asserts PHL claim even after DOE stops drilling in Recto Bank By MICHAELA DEL CALLARMarch 3, 2015 7:48pm 1 2 0 8 Is this a case of the left hand not knowing what the right hand is doing? The Department of Foreign Affairs on Tuesday asserted the country's claims over territories in the West Philippine Sea even after the Department of Energy suspended oil and gas exploration in the Recto Bank citing the country's territorial dispute with China. “Philippine development activity in the West Philippine Sea will take place in accordance with the national interest, following Philippine laws and in conformity with international including United Nations Convention on the Law of the Sea," the DFA said in a statement it issued in the wake of the DOE's action to stop exploration in the offshore territory west of Palawan. The DFA, however, declined to elaborate on its statement. In a disclosure before the Philippine Stock Exchange, Philex Mining, and its subsidiary, United Kingdom-based Forum Energy, announced that the DOE has suspended oil and gas exploration at the Recto Bank, which is also known as Reed Bank. The PSE disclosure indicated that Reed Bank was a disputed area, hence, the existence of a force majeure situation and the need to suspend the operation until the DOE gives the go signal that drilling and exploration may resume. In a disclosure submitted to the PSE, Philex Mining said the DOE “has granted a force majeure on Service Contract (SC) 72, because this contract area falls within the territorial disputed area of the West Philippine Sea which is the subject of an United Nations arbitration process between the Republic of Philippines and the People’s Republic of China." Philippine officials have said in the past that Recto Bank is not part of the disputed features in the South China Sea, which is home to a cluster of islands, rocks, reefs and cays where undersea oil, gas and mineral deposits were discovered in several areas. It is not clear why the DOE have described Recto Bank a disputed territory. Philippine officials insisted the feature “is not an island, a rock or a low tide elevation, but a submerged bank that is part of continental margin of Palawan.” Moreover, Recto Bank, which is about 85 nautical miles from the nearest coast of Palawan and 595 nautical miles from the coast of Hainan, is within the continental shelf of the Philippine archipelago under the UNCLOS. China has ignored Manila’s claims, saying Recto Bank is part of the South China Sea, which it claims nearly in its entirety. Manila in January 2013 filed a case against Beijing before a Netherlands-based Permanent Court of Arbitration in a bid to declare its massive claim illegal.

More than the current mkt cap and all investments for free.A bargain TIDMMMO RNS Number : 2457A Mercom Oil Sands Plc 18 December 2014 Mercom Oil Sands plc ("Mercom" or "the Company") Interim results Mercom Oil Sands plc announces its interim results for the six month period ended 30 September 2014. Chairman's Statement I am pleased to present my Chairman's statement for Mercom Oil Sands plc ("the Company") for the six month period ended 30 September 2014. In the year ended 31 March 2014, the Board secured shareholder support for a new strategy to create shareholder value through the investment of the Company's cash assets in the natural resources and energy sectors, with a focus on oil and gas. On 29 May 2014, the Company announced a range of new investments totaling GBP768,000, of which GBP400,000 was invested for a 30% interest in Lion Natural Resources Limited, an unquoted company which holds investments in two companies with projects in Sierra Leone and Kenya; GBP300,000 was invested for a 35% interest in NWT Coal Limited, an unquoted company with two coal concessions in Vietnam; and a small investment of GBP68,000 was made in 7% convertible debentures of Maverick Petroleum Ltd, an oil company with a focus in the Republic of Chad. These investments will be managed with a view to generating returns for shareholders and, as such, investments may be realised from time to time. As a result of these investments, the Company was deemed to have implemented its investing policy for the purposes of Rule 15 of the AIM Rules for Companies. On 16 July 2014 the Company announced that the Board had decided to proceed with the share capital reorganisation approved at the General Meeting of the Company held on 24 May 2013. This reorganisation, which wascompleted on 31 July, effectively consolidated every 50 old Ordinary shares of 0.1p each into one new Ordinary share of 0.1p each. The Board considers this will facilitate future investment decisions, and has placed the Company in a position to implement its investment strategy with increasing confidence. No further investments have yet been made, but the Company is continuing the process of identifying investment opportunities which match the new approved strategy, and of evaluating the potential profitability and risks associated with them. The unaudited interim accounts accordingly show that the Group had cash reserves of GBP627,816 at 30 September, after corporate expenses of GBP108,010 had been incurred in the first half year (2013: GBP133,819). Net cash used in operations amounted to GBP89,752 (2013: GBP157,789). On 21 October 2014, the Board accepted the resignation of Albert Taubi as non-executive director, while expressing its gratitude to Mr Taubi for his efforts to promote the interests of Mercom Oil Sands Plc since its incorporation. As a result of his departure, the Board is now considering the best structure for its future

a few weeks back mkt cap is crazy Forum Energy almost doubles gross profit to $2.9m from $1.5m FINANCIAL HIGHLIGHTS -- Revenues of US$6.8 million in 2014 (2013: US$4.4 million) -- Gross Profit of US$2.9 million in 2014 (2013: US$1.5 million) – Administrative expense reduced to US$1.6 million in 2014 (2013: total administrative expense of US$2.5 million) – Net Profit attributable to owners of the parent of US$0.2 million (2013: loss US$2.9 million) -- Working capital of US$1 million at year end (2013: US$0.3 million) – Philex Petroleum loan facility due for repayment 24 November 2016 currently US$15.5 million due (2013: US$15.2 million) – Available funds of US$2.5 million under the Philex loan facility as at 31 December 2014 (2013: US$2.8 million)

about time biggest for months yet mms keep her back but drop it on a few 2.k sells.Nice1

Energy department grants indefinite extension of Forum Energy's work program in Recto Bank By: InterAksyon.com March 3, 2015 11:41 AM http://www.interaksyon.com/business/106145/energy-department-grants-indefinite-extension-of-forum-energys-work-program-in-recto-bank

Forum Energy (FEP)China National Offshore Oil Corporation for the joint exploration 24 February, 2015 http://manilastandardtoday.com/2015/02/24/philex-seeks-longer-recto-bank-permit/ Pangilinan earlier said Forum Energy was negotiating with the state-run China National Offshore Oil Corporation for the joint exploration of Recto Bank. His only condition, Pangilinan said, was for CNOOC to respect the Philippines’ rights over Recto Bank

i posted it in links trying 2 buy more on the dip,crazy

Australia's Red Emperor signs up with Otto Energy's oil prospect in southern Palawan By: InterAksyon.com March 2, 2015 8:41 PM http://www.interaksyon.com/business/106102/australias-red-emperor-signs-up-with-otto-energys-oil-prospect-in-southern-palawan Securing a drillship of the capability of the Maersk Venturer for the drilling of Hawkeye-1 in Q3 2015 is a major event