Member Info for Vernony

Unless there is some spectacular news the big players will not buy in at these prices . Just the skimmers pop in, from time to time. Provided it is supported by production, and prospects, then I think we will see a consolidation pretty soon. An average consolidation from my own observations, elsewhere, seems to be between 40-to-60 shares equal one new share. So assuming that one is holding 20000 shares . You could end up with 500.(or less) Of course they will still be worth the same as when you held 20,000. But, I would think that most people bought in, in here, at 5 to 10p, above the current sp (Some of my older ones are 24p above current sp). Therein lays the problem, if 20,000 shares go up 2p , you are looking at £400. If 500 shares go up 2p you are looking at £10.Some conventual wisdom I have read is that when faced with a consolidation, then one should buy huge amounts at the lower price before consolidation...Conventional wisdom, however, does not say where one gets the money from to do this ! What we really need is a buy out, so that we can cash in before it becomes final !

I wonder if anybody has any good news, even a decent speculation would do, about this share :((

Yes, as you say, it will take years and just about every aircraft engine would have to be either replaced or expensively updated for the new fuels. Although, I doubt that there is much advantage of organic fuel over fosil fuel in the process of burning it. Of course fosil fuel is organic fuel really. An interesting development in the UK is the engine being made by Reaction Engines. I seem to recall once reading that it will use hydrogen as fuel at low levels and switch to rocket motors once in near space . Whatever, since they seem to think that it will cut the transit time to Australia down from about 23 hours to just 5 hours, if it works, then that seems to be the future of aircraft and the fuels they will need

I think he may be doing a bit of ramping , the truth is tha America used to suck in 50% of all of the worlds oil exports. Now the USA is near on self sufficient and is planning to export oil and gas. It would take an awful lot of aeroplanes to make a dent in that. Moreover, more countries will get into Shale too. There is too much spoken of about China, the reality is that they are exremely poorly paid by western standards and it is only the richer Chinese who can afford imported goods, the same goes for India too. OPEC is in a nowin situation. To put up the price of oil by restricting output will simp. y pass to the trade in oil to non OPEC oil producers, moreover, it will increase the dash for gas . Was it the CEO of Shell, or BP, that announced to the world that Shale is not a game changer, what a twit !. The price of oil has halved since he made that il-judged comment. The knock on effect of that is to put an addition £20, or more in every car owners pocket. It has reduced the price of domestic energy and increased salaries....Not a game changer ? I wonder what planet he lives on and how he manages to justify his salary ?

I must admit that I view my shares in this company with some trepidation, especially with the international reports today that oil may be as low as $30 per barrel by 2016 (personally I see it going lower than that in the more distant futue as more and more shale comes on stream in other countries in the years to come) But in the short term perhaps OPEC could suddenly restrict output, or the US government may give a helping hand to how grown energy companies . So there is at least a couple of hopeful hooks upon which I can hang my deficite on

Problem is that politicians do not take decisions any more, except in the very obvious of things. Otherwise they wait to see what the press or the BBC thinks before they pass and opinion

Ever the optimist I did buy just a few yesterday, but it does look to be a busted flush. Still think that they have some good producing acreage for somebody. So if somebody wanted to buy it, they would'nt have the cost of prospecting, if they are simply adding going concerns to their portfoilio

Certainly they do not seem to have much option now but to consolidate the shares. I think their 60-4-1 is a little optimistic

Fergus Ewing, A blethering ijot . You can only hold a judicial review if there is a departure, by a government body, from published procedures. Since, in this case, government make the rules as they go along there is no published procedure. The government have the right to permit onshore wind farms or reject further development of them. And, let us look at what a JR is, it is an examination under Public Law, of the practices of a public body. All it does is to check that the correct procedures were carried out by a public body in respect of what ever is being tested. If it finds that the procedures were not correctly adhered to then the run up to that point is voided. However, the public body can then put its procedures in order and then start again with the project ensuring that they do not make the same mistake the next time

Yes, indeed, unless they can halt the slide ! (Still betting on a farm in/out with a big player though )

EDR has gone up 2p per share in response to yesterday's permission given to Cuadrilla to fracc. Since ALK own 40,000,000 shares in EDR, then we ought to be seeing a lift in the ALK sp, so where is it ?

Its been predominently red for days now, there must be some panic in the BoD. I think an upbeat RNS is due to the shareholders . Come on BoD give us some good news !

I think you are right Tradenor. They have the site, they have the oil, but they lack the financial clout to expand their operations. A big player, I am sure, will be eyeing this one up by now

The SP has gone into a nose dive . Not one scrap of blue towards to end of trading

Lets hope nobody got caught out, this share is vulnerable, so a rise from so low a start point would be faintly possible, meaning there is a big player out there. So if anyone brought on the face of LSE foul up, I hope they publish an apology . Meantime over on Igas it went up 250.99 %. Now that was impossible, but had I have looked at Caza before I looked at Igas, I could have assumed that big news was afoot, although I did check the SP on other sites , so I wasn't fooled, but some might have been

Can't see any reason why oil should go to $70 next week. However, like you I get those gut feelings about CAZA, I keep looking at it to sell (at a considerable loss) but something tells me hang on hang on. The thing is about the company is that they have oil and gas and the licence(s) over some prolific fields. They only, it seems, need to hammer a stake into the ground to hit oil and gas. Somebody somewhere must be eying them up, and its that which makes me hang on

I think the future prosperity of this company, in the short term, is so inter linked with its holdings in EDR , that the SP in here rises and falls with the news over on EDR. So you should also watch EDR

I couldn't agree more with what he says. I have been banging on for ages about oil being finished as a high price product, but many script writers allude to it being $70 a barrel and upwards very soon. The world still needs oil, but many of its uses are being replaced by the shale revolution in America. Quite frankly it would not be logical for a Western country to permit its nacent Shale industry to be undermined by the artificial and aggressive intent of driving Shale exploration out of the market, so that Middle East producers can then put their prices up again. That is not going to happen, short of a war ----ever again. So get used to it .Oil will find a price and some smaller operations will have to either amalgamate with larger companies, or go to the wall . IMO Caza is a company which sorely needs to find a big brother . Thanks for your imput Cazaaaa, much appreciated

That little flurry came to nothing afterall .I really can't see any future in this company on its own.With the USA also seeking to start exporting oil, then the price of oil will crash even further in the future if the Senate agrees to start exporting again

Steady buying in good chunks .Is news in the offing ?