Member Info for Urraca

I have to admit I found the guidance on volume of gas sales in Morocco to be perplexing, particularly in light of that recent article Mr B found about Peugot about to start production.

Stopping the Shannon LNG proposal from accessing fast track planning? When permission was granted 10 years ago? Pmsl. Burning peat is much better than importing fossil fuels from anyone except Russia. Putin must be cartwheeling with joy. There's a conspiracy for you Bronx.

Too early to tell yet. There was the weird lurch down in price yesterday. If there was another big dump, it doesn't necessarily have to be reported until close tomorrow I think, so it's worth watching out for that.

But it is still hard to believe SDX could collapse, or dilute, as its debt free and cash generative, and has been funding capex from its own resources. I'd much prefer to be here than Sound, although Morocco is being a tough environment at the moment.

No, but I'm hoping the oil price holds through to the next tanker shipment. Could even be a spike if things with Iran get worse. If we can make it through to then, I'm hoping that will help stabilise the finance situation. Really though, relisting would allow a modest raise.

Bad luck JB. Retrench, cut losses, learn lessons, and go again. I'm not cutting here yet though, so don't listen to me.

I think you're right nberzins. The sp seems to have been suppressed by continuous selling for the last two years. Beats me there are any left to sell.

This all fell apart with the BP deal, which was probably PWs last roll of the dice to pull something off that would overshadow the failure to hit targets in all these areas.

Whichever marketmaker took that trade, they didn't lay it all off today. And they won't want to take a hit. So no, the price won't bounce back until the market's been able to digest it (and all the other sells too). But it could be the floor. Anyway, I agree the price looks ridiculous down here. Not a good look for PW as he walks.

Yes, that's a sell to torpedo the price. I'm afraid the trade at 27p was a late reported trade from early in the morning Redbus. The actual last trade was 24.5.

Let's see what Monday brings. We are still debt free and cash generative.

It's been a crushing day for sure. Still can't quite believe the price I'm seeing.

Simon, I have heard iweb are good and am considering moving over to them. I'm with Barclays, and they are not great.

Yes, I can buy and sell at 27.5p. Zero spread. Never seen that before.

Given the reported buys versus sells this mornng, is there a huge sale in the background? Its very weird. Be interesting to see what happens assuming the TSX delist is confirmed.

Yes I can see positives. PW going is good actually. The endless disappointments over his forecasts have definately not helped. And progress has been much much slower than anticipated. But we are still debt free, cash generative, and able to wash our face in funding further development of what seems to be a good portfolio of prospects. That puts us head and shoulders above most Aim oilies. Just a shame our market cap doesn't reflect that underlying strength.

Seems to be plummeting before the market opens, bah humbug

Actually, completely unsurprising, apart from PW walking the plank. Still a solid business with good prospects, and hopefully the forward guidance is now realistic, rather than wildly over-optimistic.

https://www.theguardian.com/business/2019/may/10/labour-delist-uk-firms-failing-to-fight-climate-change-john-mcdonnell?utm_source=CCNet+Newsletter&utm_campaign=fe7407c165-EMAIL_CAMPAIGN_2019_05_15_03_06&utm_medium=email&utm_term=0_fe4b2f45ef-fe7407c165-36426817

Good spot Mr B. Lets hope they can announce that they've got an EPF for SD too, and are going to start pumping there very soon. Only a year and a half late now.

Buys in anticipation of the TSX delisting getting voted through I guess. Please let this be the start of the way overdue rerate.

Enough cash to buy back 1.6million shares, and shrink the free float to 5% of shares issued. Close to the number bought today actually. Lol, in my dreams.