Member Info for wraith

& we had Cash balance at 30 June 2016: $12.2 million. We appear to be well placed to come through these rough times,as was indicated in comments on Outlook;- "The technical and commercial work undertaken during the first half of the year has demonstrated the quality of our discovered resource and its commercial competitiveness against other global opportunities. The Company is confident that this recent analysis will assist the farm-out process, so that we can take advantage of an upturn in the oil price and a return to increased capital expenditure in the industry, when it comes. Going forward, we will maintain a strong balance sheet and a disciplined budget. Our prime focus remains on securing partners and funding for Darwin's appraisal programme." (from RNS,Half Yearly Report, Mon, 26th Sep 2016). BW

stepptoe,.....We only need a 24 bagger (s/p@96p approx) here at BOR, to equal that Market Cap,....... happy to Hold, Accumulate & wait. BW

I'm OK thanks,hope things are OK with yourself,..... I agree with you on the potential in the acreage here at BOR, just hope we don't suffer to much dilution, when it comes to realizing it. I also agree with you on, Hold Long & Strong,..... Our day will come, (I hope). BW

Hi stepptoe,.... A retrace to the downside, after a strong rise such as we have had here at BOR, is what I expected to see,...... when / if, the ASK comes down closer to the BID s/p level, to the downside (ie ASK sub s/p@4p), will probably add more. The Spread % quoted above, begs the question,...... is that good for business? BW

Yes, 12 Years is a long time,.... the conviction is described as a fabrication in this 11 Aug 2011 article ;- http://www.telegraph.co.uk/news/worldnews/asia/uzbekistan/8695231/Uzbekistan-jails-former-metallurgist-at-British-mining-company-for-spying.html This is from start of article: A lawyer acting for Oxus Gold, the London-based mining company, described Said Ashurov's conviction as a fabrication and said that the Uzbek government was using him as a pawn in their battle to take control of a lucrative gold field in the Central Asian country. "It's part of a general smear campaign," Robert Amsterdam, the Oxus Gold lawyer, told the Daily Telegraph before the verdict in a telephone interview. "A witness has come to us and said that he'd been threatened if he didn't give a false testimony, which is fairly standard in Uzbekistan." The Uzbek Foreign Ministry was not available for comment. BW

I'm happy to hold, regardless of s/p movement,..... here for as long as it takes, for BOR remaining acreage to be drilled. BW

with a happy & prosperous New Year ahead (hopefully). http://oilprice.com/Energy/Oil-Prices/2017-A-Quiet-Year-For-Oil.html BW

Administration Progress Report – 8 December 2016. Two year extension of administration being applied for; https://www.bdo.co.uk/getattachment/Insights/Advisory/Business-Restructuring/Oxus-Gold-Plc-%E2%80%93-In-Administration/Administration_Progress_Report_-_8_December_2016.pdf.aspx?lang=en-GB BW

OPEC appear to have miss judged the remarkable resilience of shale oil producers; http://www.msn.com/en-us/money/markets/bankruptcy-bust-how-zombie-companies-are-killing-the-oil-rally/ar-AAjjvJi?li=BBnb7Kv&page=2 Their is an interesting related vidio in the above link, where they seem to have the view that $50 a barrel is the new floor (goldilocks zone). BW

OPEC Agrees to Cut Production in Drive to End Global Glut http://www.bloomberg.com/news/articles/2016-11-30/opec-agrees-to-cut-output-by-1-2-million-barrels-a-day BW

rpoodle The most recent I can recall reading about Scharnhorst North, was in a FOGL Operations Update RNS dated Mon, 2nd Feb 2015;- Fault Block Area, South Falkland Basin, Southern Licence Area Work on the Scharnhorst North prospect has continued, and this has been based on detailed seismic amplitude and AVO studies. In light of this work, FOGL has increased its mid case gross resource estimate for the Scharnhorst prospect from 188 to 355 mmbbls. Detailed seismic analysis has demonstrated a subtly different seismic response to that of the nearby Darwin condensate discovery, which could be interpreted as an 'oil' response. BW

Having first bought OXUS shares in the early months of 2009,.....experiencing as a shareholder what OXUS was put through,.... my view is, this arbitration outcome does not serve Justice,..... I hope an appeal will. https://www.bdo.co.uk/en-gb/oxus-gold-plc BW

Yes, I hear what you are saying about FOGL, things are never quite the way they seem. Tune: https://youtu.be/ZFYxCIr-Byo BW

We have quite a few BOR shares tucked away ourselves, agree patience could be very well rewarded, once things turn around. BW

rpoodle,...cheap as chips, springs to mind,...... with Covington, Morgan, & Wickham all Predicted to be Oil Phase, & Darwin estimated break even cost of around US$40 per barrel. No debt, & Cash of £9.9m approx,.......a buy s/p@1.56p, looks to have a lot more upside than downside, if you are buying with a long investment horizon. As Funds become available, my intention is to keep increasing our BOR shareholding, whilst s/p remains at these levels. BW

Once the Oil Cycle turns, we could be in for an energy shock , according to this article: http://www.telegraph.co.uk/business/2016/09/13/oil-investment-crashes-to-60-year-low-incubating-next-energy-sho/ Found this an interesting read also: http://oilprice.com/Energy/Energy-General/Why-Oil-Prices-Cant-Stay-Low-For-Much-Longer.html Yep, in my view, now would appear a good time to be buying/holding BOR, if you have a long investment horizon. BW

Thanks to guys on ADVFN for views, & to yourself for posting link. BDO link brought forwards: https://www.bdo.co.uk/en-gb/oxus-gold-plc BW

In a major new research note, HSBC argues that soon we won't be worrying about there being too much supply and not enough demand, but rather, things will be the other way round soon enough, and that is going to cause huge problems: http://uk.businessinsider.com/the-future-of-oil-supply-and-demand-2016-9?r=US&IR=T Holding both myself (BOR & RKH). BW

I do recall your condi lead comment,... with a Market Cap £8.71m approx, I'm a buyer & hold here, taking a long view (Years), my last buy was at s/p@1.75p, back end of August, ( if we go lower I buy more,.... if we stay the same I buy more,... if we go higher I buy more), not interested in the s/p Bid whilst bouncing along the bottom. Surprised to see you here, thought you sold out. BW

By the end of August 2016,I am hoping Oxus shareholders position will be given more clarity, once having had sight of the next progress report to creditors. BW