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BM, agreed Quaytec's 9:10 post was unhelpful which is why I posted to explain what I thought was really going on soon afterwards.

DM, any other tips you need from me, don't hesitate to ask 8))

I think there is a difference between regular trading where you try to sell high and buy low on a regular basis as the sp fluctuates, and buying and selling to finance particular personal matters as Quaytec has done for his mortgage. I would like to support his view that his posts have been consistent on this.

A friendly board does better than an unfriendly board. Newcomers find it more welcoming. There is a bit of history on this board, and we all have our own opinion about recent comments, but can I suggest trying to be a bit nicer to each other. I will try to behave well too!

The sp rose from 2.90ish to 3.30ish on no information and has now returned on the same basis. We don't know what the next news will bring, but as the more positive conversation last week indicated, there are many possible projects underway where good news is possible.

7 sells over a quarter of an hour period, each for exactly the same odd amount (£1010) so presumably from the same person who had decided to offload but was worried about a larger sale attracting a lower price.

If this is bad incoming news, only one person knows about it. It's more likely they chose to offload to finance a purchase of some kind. Bad timing in IMHO

Very disappointing response to all that geological information that has been dredged up recently. I think the market is waiting for news and needs something significant this time after all the recent setbacks.

The future is CASP. The future is vuggy.

With CASP uncertainty is a constant, but with the increasing possibilities, probability should also rise.

I think the train will finally leave the station, but that station will be Oakham Common and the train will only go as far as Birmingham

Somm has a good point CC. As I commented yesterday, the notable change in the accounts since last year is the rise in net current liabilities. Their liquidity position has got worse and it needs an increase in output to turn it around. The overall position in terms of profitability after tax has remained stable which is good, but they need some results from their current drilling activity in the next few months. I am optimistic that this will be achieved.

The two financial figures that stand out for me are, firstly they have maintained profit after tax compared to last year's equivalent period despite adverse circumstances; and secondly net current liabilities have increased substantially. This is only partly due to the dividend, the rest being probably due to different trading arrangements in the domestic market and new debt being taken on to maintain drilling activity.

As laid out below by people who understand the technicalities of the oil industry much better than me, there are reasons to be optimistic about 2024. They will need some success to address the net current liabilities issue and put themselves in a position to resume the dividend (without which the sp will remain sticky)

3. re-invigorate; return to youthfulness; regain enthusiasm; to be born again

ChatGPT has taken over writing the RNSs which is why they're more plausible but no more useful than they used to be.

Carver famously doesn't have any shares but he does have options which kick in at about 17p if I remember. No skin in the game at present but he does stand to benefit if the sp rises.

Gwm121, I have just short of half a million shares. That could be life changing if rocketeer is right! There are a number of people who have several million shares who post here from time to time, Smarty being one of them.

I doubt if Carver made the decision about the dividend!

Success in the shallows has got the share price moving before and can do so again. Next time there will be greater awareness of the water problems and the sp will be less excitable, but proof that this problem can be resolved will give us a lift.

Boaty will also help us one way or the other. The failure of the sale does actually mean we will get more income next year which will partially offset the non-materialising capital gain. Either way, this provides money for drilling and perhaps a re-instatement of the divi.

MMs narrowing the spread to try and drum up trade today. The result is a small increase in the sp without any trades at all.

In other words, we're back to pre dividend levels. If and when the dividends return, the market will be justified in doubting how long they will be paid for, so share price recovery may be slower. We will need a series of good RNSs. Meanwhile we are in the silly season and trading is thin.

Sailor, the sale has fallen through. We are back to square one. Talk about a "potential" alternate buyer is just that: talk. It is not a matter of "qualification"

This is a deceased parrot. In no way is it pining for the fjords!

Except boaty hasn't been sold after all, has it Sailor?

Reminding people of the positives is a good idea when commenting on this grossly undervalued share, but please get your facts straight.