Member Info for wraith

Ref: "What is happening end of August?". =========================================================================================== The next progress report to creditors will be placed on this website by the end of August 2016: http://www.bdo.co.uk/services/business-restructuring/oxus-gold-plc-in-administration BW

Talking about money running out, I found this an interesting read: http://www.telegraph.co.uk/business/2016/07/31/texas-shale-oil-has-fought-saudi-arabia-to-a-standstill/ "Opec may now have to brace for a longer war of attrition than they ever imagined. Global inventories of crude oil remain near all-time highs, record volumes are being stored on tankers off-shore" as luckyman2 says, its a waiting game. BW

Still here, keeping an eye, on what I view as a travesty of justice, with this current arbitration result,... not long now for end of August 2016 for update. http://www.bdo.co.uk/services/business-restructuring/oxus-gold-plc-in-administration BW

There appears to be a gremlin in the works, I cannot access all of the RNS releases on this board & other boards. BW

correction, should read "holding". BW

Yep, buying and holing, is what I'm doing. BW

From RNS dated Wed, 23rd Dec 2015: Mr. Said Ashurov, the former Chief Metallurgist of AGF, remains in prison in Uzbekistan on what the Company considers to be an unjust and improper conviction for seeking to remove classified information from the country. This matter did not fall within the scope of the arbitration. BW

For myself, it does seem the right time, to be investing in the Oil sector, in the current cycle,.... AEY has Cash, at the right time, (imo). BW

bonker99,.....yes, these guys appear to agree with you: http://www.bloomberg.com/news/articles/2016-06-10/how-far-can-oil-rally-options-investors-bet-on-surge-above-100 BW

Thanks for posting link. BW

Myself having first bought OXUS shares in early 2009, I agree with Hon.Marc Lalonde (Arbitrator) as expressed here: http://www.italaw.com/sites/default/files/case-documents/italaw7239_0.pdf . As an OXUS shareholder, who experienced what occurred as it was taking place, in my view Justice is not served by current Outcome of Arbitration, & an appeal should take place. BW

Antrim Obtains 100% Working Interest in FEL 1/13 Republic of Ireland,....... now news on the M&A opportunities that have been explored to date, also the level of interest shown by potential farm-in partners, would be great. BW

BOR had a Cash balance at 31 December 2015: $14.0 million (2014: $16.1 million), so £9.86m approx at today's exchange rate. Using latest available figure of $1.97 million administrative expenses, from 2015 Highlights, BOR should have £8.47m ($12.03m) approx Cash balance by the end of current year, by my calculations. BOR Market Cap of £9.46m today,.... with their Discovery, Acreage, Cash & forward Cash burn rate, I'm comfotable holding here. BW

Hi stepptoe, yes what's a few years, I'm just increasing core shareholding here, slowly over time. ( tune https://youtu.be/HI3fSiokTsw ) BW

We need to get the appraisal drilling under our belts, but as a long term investment, in my view, BOR offer large Market Cap upside. BW

Yep,......... Slowing Production and Falling Rig Count: Beginning of a Bull Market?is headline in this clip http://marketrealist.com/2015/09/crude-oil-prices-rise-us-demand-upticks/ dated Sep 28, 2015, it also shows oil price on September 25, 2015, which is the same date as on BOR Interim Report http://www.bordersandsouthern.com/media/pdf/2015_interim_report.pdf where it is indicated;- "In May this year, we reported that the resource estimate for the Darwin Gas Condensate discovery had been revised upwards to 360 million barrels of recoverable condensate (best estimate (P50) unrisked). If these resource estimates can be substantiated through appraisal drilling, we believe that the discovery would be commercial at current oil prices." (dated 25 September 2015). Agree with your view. BW

Not forgetting, that AEY has large accumulated Tax Losses. BW

...., on a possible mergers;- It appears to me that, Key criteria as outlined by AEY, is met when looking EOG. EOG has Irish acreage, that is perfectly positioned, when looking at our Irish acreage (imo). Focus on near term appraisal / development criteria,... appears to be met, in my view. AEY Funds would enhance the larger company's strength. Current or near term cash flow criteria,.... appears to be met, in my view, with existing & near term increasing cash flow. In a period of significant commodity price volatility, ensuring that the opportunity remains viable in a low oil and gas price environment is a key component in the evaluation,.... this criteria also appears to be met, EOG in their Interim Results of 7 April 2016 indicate;-" we expect that Wressle will reduce our break-even oil price to approximately US$30 per barrel." EOG did a s/p@6p Placing and Open Offer on the 06-Jul-15, the open offer was 51 per cent approx taken up,which I calculate left them £1m approx short of their target raise figure. EOG had a Cash balance at 31 January 2016 £1.8 million (31 July 2015: £3.2 million). A merger would benefit both groups of shareholders, (IMO). BW

Uzbekistan appears to be winning all round, I wonder why? ..... On March 30, 2016, TASS news agency reported that Russia agreed to pardon 95 percent of Uzbekistan’s outstanding debt to Moscow. This landmark deal was heralded by the Russian state media as a major breakthrough in improving the often-strained relationship between Russia and Uzbekistan. Source: http://thediplomat.com/2016/05/the-implications-of-tightening-russia-uzbekistan-ties/ BW

Nothing new here;- http://www.bdo.co.uk/services/business-restructuring/oxus-gold-plc-in-administration BW