Member Info for UINOIL

Any further delay of rbl or an unsatisfactory conclusion will surely be detrimental and will infuriate just about everybody.
Uplifting news is what is required to instil confidence and kick start the sp recovery, everything else seems to be falling into place.

At this moment in time, if our position was so precarious why would we be throwing money at developing our assets and making forward looking bullish statements.

Slift I don't mean to doubt your intensions but why be so vague, surely if the response you received was price sensitive IR would not have disclosed it.
Maybe you are second guessing, reading between the lines and over thinking things like the rest of us.
Please elaborate.

Rating agencies are not fit for purpose, they overreact to the slightest negative news totally failing to be objective and look at the big picture while aiding and abetting the shorting fraternity.
They then fail to react accordingly and correct their over reactions on positive developments.

Reading the Reuters report leaves the impression a perfect storm could be brewing for us.
The anticipated reversal of hedge funds shorting the oil sector, a decimated oil field services sector, large producers winding down exploration ect.
Many positives in the mix for us and opportunities to exploit.
We have over 70 licences across 14 countries with just 28 of those producing at present.
The possible master stroke though only announced last week may be the getting in early and retaining the services of the drill ship maersk venturer and addiional services over a four year period.
gla.

I wonder what criteria was applied for the upcoming drilling campaign.
Was it COS or maybe license expiry/contractual obligations.
The COS % stated wasn't particularly high but they always seem to be conservative estimates.
Obviously a duster or heavy/sour result could be very damaging for the sp.

We all know IR cannot divulge price sensitive information but likewise they have an obligation to be transparent and not misleading, particularly where direct enquiries from shareholders are concerned.
However most of their replies simply reiterate information relayed in the cmd presentation and sound like typical non-committal company rhetoric.
All will be revealed soon enough.
Keep the faith.

If they are waiting for c. I suggest they enroll on some basic business courses while they are waiting.
Will be interesting to see if one breaks rank and legs it or wether the collusion continues into an orderly exit.

Bloomberg reporting South Korea has bowed to pressure from retail investors and extended a ban on short selling until May 2nd, interesting.

When's the penny going to drop with the doomsayers.
If there was any chance of rbl not completing the office cleaner wouldn't be getting a new contract never mind sanctioning a 4 year drilling campaign and all the costs associated.
Tullow is here to stay, get on board.

EIA crude inventary draw of 1 million barrels for last week of january.

The Canadian naked short selling story is the main headline on oil.com website.

If shorting was merely a punt on a share price going down based on a companies debt burden or poor fundamentals then fine, but it's not.
It's legalised corruption and collusion to manipulate a share price down for immoral gains.
Shorting is not a victimless crime.

Disgusting, everyones aware of it, those who have the means to stop it don't have the desire to do so.
How can something so corrupt be allowed to operate under the radar, someone has to be held accountable for this immoral practice.

Regulaters are either nanny state unelected spoilers who jump all over everything or toothless cowards sitting on the fence on quango fat salaries hanging us out to dry.
RANT OVER !!!.

As long as shorting remains a morality issue and legal it's here to stay.
Considering all the numerous scandals associated with the banking sector in recent times you would have expected these contentious practices to be banned.

Mutual/institutional ownership is approx 61% add to that our large private investors and you have some clarity.
We need these guys to add to their holding or to attract new big investors to rid ourselves of short interest once and for all.

It's all about how we are perceived in the eyes of ii's and pension funds ect.
We've survived the carnage now we need to demontrate we are a viable investment proposition with a definitive plan to generate profit.

This is a recovery story for oil and oil companies, as we drive towards normality and proper demand returns tlw and others will return to fair value.
Survival was all that mattered and tlw have snatched a win from the jaws of defeat now we need to be pro active in responding to a rapidly evolving opportunity.

This oil price recovery isn't really being driven by planes in the yet which bodes well if these levels can hold until that is the case.