Member Info for zooropa

My pet rabbit likes burn toast for his breakfast. Oh sorry! I thought this was the page where you just write random stuff.

My prediction is that by year end 14p will seem like a distant memory. What we need is a) LGO dispute resolution b) pass environmental impact assessment for OM c) get production concession for OM

Spread Up, Share Price Up yet again. Jump on board before the boat leaves the quayside!

Spreads increasing, share price rising. Someone's mopping them up. Small investors get in now as its early days.

I just wish the Italian authorities would pull the finger out so the Ombrina Mare environmental impact assessment could get completed. I'm assuming it's them that's holding things up.

That's RNS and not runs lol

I thought this would turn blue today but I didn't want to jinx it by saying so. I think that quite a few investors got stung a few years back with the drilling ban. Now that this has lifted and with all the other positive news of which today's runs was another good piece it's a totally different company. If it was worth 50p+ a few years back then it's certainly worth 100p+ now. I think this will happen sooner than we all think. Look at how low the PE ratio is. This share is so undervalued and it's creeping up a few % at a time. I'm certain we're within 3 months of 20p. I think a lot of people on LSE are more day traders and gamblers. Why else would you have even gone near JJB over the past week? Just dumb when there's so much more potential and much less risk in MOG

You and me both. It needs a big announcement to move the sp significantly and i guess there was nothing surprising in this rns. It just goes to show that starting an rns with the words "pleased to announce" doesn't always have the desired effect

I know it's tempting to average down but its usually not a good idea as there's a reason the share price is falling. I've been guilty of not cutting my losses thinking it must recover. In fact I bought £5k of MOG when they were 52p and held them all the way down to 4p. The company is in much better shape now with Ombrina Nare and Malta (with small LGO dispute which I think MOG will win) Genel farm in. Also good assets in place already earning steady cash and th company is debt free. The PE ratio is very low which is one indicator of an undervalued share. Take all of the above and remember that the share price was over 50p before the big gulf spill - the company is in much better financial shape and much further in its development plans over multiple assets - its a no-brainier. That's why I topped up with a lot more than £5k at 6p. I'm not waiting for 50p though. Im waiting for £5 with a 5 year timeframe. My reference to Squatch was to the big hairy fellow, to wit the elusive star of Finding Bigfoot and not the other definition lmao you must read Rogers Profanisaurus

Some nice buys coming in. I think there's a Squatch in these woods!!!

It looks to me like someone's accumulating a stake in MOG a percent or two at a time.

I see. Thanks.

Why is that? Is it an LSE bug?

Whats annoying is that the sp would probably been near 20p had the LGO issue not reared it's head. The company is in much better shape than it was a few years ago and the sp was nearly 60p. I think the sp won't move much from here until LGO is put to bed and the Ombrina Mare production concession is granted.

Is there a connection between MOIL and MOG? Just wondering why posts about MOIL on this board. Not having a dig. Just asking. Thanks

MOG's legal advisers have written to LGO's legal advisers to set out, in detail, why any suggestion of misrepresentation is unfounded, and why the sale of LGO's working interest in Malta Area 4 to MOG is unaffected.

No

I think the deal was signed after LGO sold their holding for $1. However I think that MOG would have been working on the deal with Genel before LGO sold their holding and kept it secret from LGO. In which case it's underhand. Of course I don't have all the facts. The only people that will be benefitting in the short term are the lawyers. I really think this share will be £1+ one year from now. The sp is ridiculously low given that the company are debt free, partnered with Genel (ahem), on the brink of passing environmental impact survey and granting of Ombrina Mare production concession etc etc

I didn't expect a reply but they did send out news refuting LGOs claims that afternoon. I'm not really worried and I can't see the sp falling below 10p. I think more good news and a resolution to this small issue will send the sp to 20p+. I think we might have been almost there were I not for this fly in the ointment. As LGO and MOG have good respects to pursue I don't think either party will want this to drag on. I still think that the MOG board behaviour has been underhand.

This will all be sorted out fairly soon and it's only a small part of MOGs portfolio. It is a serious error of judgement by the BOD though. If I were a future farm in partner I'd think twice after seeing how LGO have been treated. The right thing to do would have been to have included them in the farm in deal. Maybe I'm missing something but that's the way it appears to me.