Member Info for zooropa

Shame I made a ti* of myself by emailing MOG this morning to say their share price was sinking faster than the Titanic : ) I wrote back and apologised. Thinking about putting in another couple k soon

Lets just hope the political shenanigans in Italy don't spoil the OM party

Thanks for your reply and your posts throughout the year. Merry Xmas to you too

Maybe you're right. I'm just feeling generally confused right now. It's either my age or the time of year. This feels like a really good top up point right now. I'd be interested in other board members views.

That the market hasn't reacted more positively to the news but, just as with LGO, I think the market is only interested in cash in the bank and not potential

Thanks for your post. I'm sure you're right. I'll probably reinvest soon but just keeping a watch for now.

Yes, it's the lack of clarity and news that's depressing the share price. I'm sure well get some in Q1 2013 hopefully good. I may top up but I'm just going to keep my eye on it for now.

I think investors are feeling a bit nervous about MOG just now and that could be the reason that 3 fairly big investors sold their shares in rapid succession (although I'm not so sure that there was more to it than that). Also, with the political turmoil in Italy the future of Ombrina Mare is now being questioned (which was what caused the share price to rise from around 5p to 11p. So i think the market is hedging against a negative outcome and I can see the sp retracing to 8p (depends how much resistance or support develops around 10p). Then there's the dispute with LGO which I think the majority members on both this and the LGO board think LGO will win. Then there's Genel / Malta - correct me if I'm wrong but it feels like this is taking longer than expected (maybe due to the LGO dispute). The day before LGO contested the Genel deal, everything looked clear and straight forward (and it would be 20p+ by now). Now everything looks uncertain and up in the air. With so many what ifs the market is reducing its risk, as I have done, by selling up part of their portfolio. It's probably a good entry point but I'm waiting to see what side of 10p the share price lands on. Would everyone agree that's a fair assesment of the situation? I'd be interested in your feedback. When you reply could you rate as Buy, Hold etc. Thanks.

I've just sold the majority of my holding. Things are looking decidedly shaky and i've just emailed the BOD to say so.

Did you mean to post this link on this board as its got no relevance to MOG as far as I can make out? If you're giving me a heads up on CEY then thanks. I did dip into its board today.

released today, only a tiny amount of share options exercised. Inconsequential.

I emailed MOG re the political situation in Italy and the possible effect on progressing OM. I'll post the reply if I get one. Thinks seem a bit shaky just now due to the above, ongoing dispute with LGO and no firm deal with Genel / Malta as far as I can tell (but I'm more certain of this having a positive outcome than the first two) A poster on the LGO board asked Neil Ritson from LGO how confident he was of winning the case out of 10 an his answer was 8. Take from that what you will. Hopefully the Italian authorities will maintain their current stance of wanting to reduce dependency on oil and gas imports. It was a shame that they took a knee jerk approach in the aftermath of the BP disaster.

Another 5% down today, someone must have unloaded a big chunk of shares

I replied to your posts from a few days ago. Duh! but i still agree with myself : )

I agree. I just topped up. I'm now a lot more confident about the prospects of both LGO and MOG going into next year now. It's been a scary ride with LGO the past 2 weeks but I really think that at least one of them is going to multibag and it's worth being in both (imo) even if it's just for a couple of £k as you wouldn't want to be out when the sp rockets (i've got quite a bit more than that in each)

Read This. Confirms my previous post http://www.proactiveinvestors.com.au/companies/news/37058/mediterranean-oil-gas-extends-area-4-exploration-period-37058.html

A snippet from Proactive Investors Yesterday There is little doubt that if the Maltese authorities believed that there was no prospect of activity in the near future, it would refuse the extension of the licence, hence, by inference, we believe that the Genel farm-in discussions are progressing well.

As predicted. No impact on sp zzzzzzzzzzz

I'm not so sure. Seems like another So What ? RNS. We need RNS's like the dispute resolved, drilling OM will commence, drilling Malta will commence. I suppose it maybe gives a hint of Malta thinking about granting production license. The Italian govt did the same and its been many months without news. Does MOG have to pay to get this license extension? If so maybe it's just a stealth tax?

Thanks for your replies. Helps to remind us of why we decided to invest in MOG in the first place. It really wouldn't surprise me if we saw 50p within a year. This really is topup territory.