Member Info for Urraca

As a rational approach to making money in the markets, it continues to get clubbed to death. https://www.zerohedge.com/news/2018-04-03/it-difficult-explain-what-happened-einhorn-lost-money-both-his-longs-and-shorts-q1 It can't continue indefinately. But, as Keynes observed, markets can remain irrational longer than we can remain solvent.

Ends red on more buts than sells. This is a share for value investor masochists. Almost a year here for me now.

Ok I poured cold water on the podcasts etc, but point well made. I agree that the regular updates are very welcome, and taken all together, do provide a pretty comprehensive picture of where we are and what's going on. Which is definately preferable to the silence that some companies offer.

I think the podcasts just aren't reaching much of an audience. Honestly, how many do you listen to on companies you're not invested in. I know the answer is nil for me. I don't know how he can reach a wider investment community, but he isn't so far. Or maybe they are waiting until they are completely certain the seller has cleared. Yes its boring, but eventually the market will catch up with the fundamentals.

Shakey thinks Govt take is 50%, Jhaylock 45% (10% licence, 35% tax) of the gross. SDX then get their 55% share. To be honest, this gives a better share than Meseda or Gemsa, although SDX share of ownership differs. The actual difference is pretty marginal, although it would be good to get clarity on what SDX's share of South Disouq is.

Ibn Yunis spud RNS is out. Not on LSE, but you can find it on the London Stock Exchange website.

There are dogs and there are dogs. SQZ has solid underpinnings, as does this. Now the likes of UKOG, they're real dogs.

Sims, I see you were presciently describing SQZ as the worst dog on AIM last May, but you seem to have done okay by sticking with it. I hope your magic touch extends to SDX and we three bag over the next few mnths.

Believe me furey I share your incredulity and frustration. I can't get my head around whatever logic there might be behind our share price.

Better reserves upgrade than I'd expected, up 45%. With more to come with successful drills already under our belt for this year. Big ramp up in rev and profit from the circle deal. Steadily growing production through this year. For the oil production, don't forget how the netbacks ramp up quickly. With the oil price around $70, i think the netback in Meseda is $27. So we've got increased production, and increased netback, multiplying rev exponentially. Very solid, and lots to look forward to.

Yes, strange how the price went up for five minutes to get a good price for the holders who wanted to 'sell' 110,000 shares, then went back down again. Is this even legal? Lol

Good call Paris, and a solid finish

Price holding at 51.5 in Canada with pretty decent volume over there. Be interesting to see the reserves update, even if it is only from the first three Moroccan drills. I hope they show what reserves they've found, rather than just giving an aggregate, including depletion. An update on Meseda, including the impact of Rabuls 1&2 would be good too.

That didn't last long. And who bought 531 shares then sold at a loss half an hour later?

That's not good

Great result. It was up in Canada yesterday, on higher volume than in the UK. It's definately trying to breakout.

Maybe one of the oilco's who wanted to farm into South Disouq last year and got rebuffed. After all, the oil industry isn't exactly a paragon of ethical fair dealing. I love a good AIM conspiracy theory. And the share price here has been weird enough to merit getting Mulder and Scully involved.

IPR are co-venturers with us on South Disouq aren't they? Presumably this oil discovery they refer to relates to the condensate found in the SD1X drill?

Trading today. Canada still ahead of us, and pretty big volume over there. A concerted effort to break out? If the seller took just a week off, they'd be getting much higher prices. But they don't seem to be concerned about that.

I've seen that Hardy. A Jewish capitalist supporting the anti-semitic anti-capitalist Corbyn? I keep thinking it's gotta be a joke.