Circle Oil Live Discussion

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HPC Follower 19 Aug 2015

SP still dropping, even after good news I can't believe the COP share price is still dropping, even with the good RNS today.If the SP keep dropping for all the oil/gas/metal ore/coal, etc. companies so the shorter's can make money, it won't be long until there are serious casualties amongst the companies affected.Capital expenditure will tail off to next to nothing soon and most won't notice until there are real shortages and prices leap up as a consequence of the lack of resources.The world needs an oil price at a level which will sustain production close to demand for many years, not just a few months... the picture will rapidly change as winter comes and energy demands leap up.

Lupo di mare 05 Aug 2015

Re: To Trouble_Two (off topic) Indy, I'm not a holder, I sold out some months ago and invested what little there was left more wisely. It was a great sense of relief.Why on earth I held on for so long when it was obvious that the management so blatantly wrote half-truths and engaged in putting out smoke screens, is another of my life's great mysteries.I probably just could not bring myself to believe that they would not change tack and concentrate on investing Egyptian cash-flow in buying into others' production, instead of behaving as if they were a mid-sized oiley.Just thought that I'd drop by and see how things were faring. I haven't given up on oil and gas by any means, I've added to my holdings in BP and RDS - and Rio (cross fingers for tomorrow's Interims!).C

green.as1953 05 Aug 2015

Re: Indy (O/T) " you really get some nasty uneducated people on here"Don't put yourself down Mr Trouble.

Trouble_Two 03 Aug 2015

Yet another DUD: SP < 3p I think that makes 3 duds since Steve Jenkins has joined the company. Please add comments if I am wrong. Thinking that's 3 out of 4. 25% success rate (not good at all for cost and falling prices. NOT A BUY ON THIS COUNTER for TT. TTFeeling the pain for those who followed the wannabes.

Trouble_Two 02 Aug 2015

Indy (O/T) Hi IndyI agree with you on AIM. For us, we will only short these shares. Burned my fingers a couple of times in the past. We attended a course in the USA. In this course we have learned far more about shorting and hedging than we expected (unusual for short courses). We don't miss III on bit. You really get some nasty uneducated posters here. As mentioned before.....ETORO is much nicer. The only shares we still hold on AIM are: AFC and OXB.Now the WE, will rattle a few feathers. PMSL.Good LuckTT

indolent 21 Jul 2015

To Trouble_Two (off topic) TT,Thanks for your encouraging words. As for your decisions then I hope your tip works out but AIM's not for me even though I remain more than a little curious about two in particular this being one of them. It's got to be positive that you and green won't be wasting time and BB space bickering going forward. I note that forwardloop has posted another of those gems to Caza. That has fallen more than 40% from about 4p to 2.25p since the penultimate one. Circle was 10p for most of the day he last posted one here. I don't think the postings impact the price but do wonder about the flow of information and the motivation thereof on these BBs. As far as Circle is concerned then it's in the same boat as many other small cap oilies and so far they've not got a break with a biggie. The timing of the Arab Spring was awful for the company and PIs like me. Just the way of the world but I do think TA can fairly often provide a heads up and contribute to the decision process especially with the painful decisions. Live n' learn and all that. Hope to hear from you from time to time but in the interests of peace and quite for iamthejester, Lupo and other holders rather on another board. Good luck. IndyIndy

Trouble_Two 16 Jul 2015

The facts Since my last short at 27p (until now), I can only say thanks to COP when they employed Steve. As I said at that time. confidence nose dived (2 duds since he joined). Now Mike and his pathetic share buying (creating a no confidence zone for me). Don't forget over paid and undelivered Porf. Green, filling his pockets.Finally, COP's share priced dropped from 55p to 8p over a decade, I have decided that I will never buy this share as I cant see anything for the shareholder in the future. Rather buy an ice cream and see how it melts away in the sun (more fun) and the seagulls surrounding you to take that ice cream right under your nose. Since my farewell to green.as, I have already moved to other discussion boards (LSE, ADFVN, etc), I can only wish you guys a success here, only and only because I do believe in Santa.TT---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----IndyI will be in touch with you regarding GLEN using this user id. I personally hope you make a success with your trading. You deserve it. And thanks for your tips about GLEN, BLT, CEY and etc. TT Pssst AFC.L..........the share price has gone up from +-47p to 53p.

iamthejester 08 Jul 2015

Re: COP BB ABOUT COP PLEASE, Investment website not a personal bitching channel for children. Greenass now on ignore

Trouble_Two 08 Jul 2015

Farewell Green.as1953 Its time that I use my time wisely and change my user id. This will be helpful to all.I wish you all the luck with your pretend trades and lies. TT

Trouble_Two 07 Jul 2015

Educating Green.as1953 continues Today we will explain the meaning of SELL (5a and 6 is very important):1. To exchange or deliver for money or its equivalent: We sold our old car for a modest sum.2. To offer or have available for sale: The store sells health foods.3. To give up or surrender in exchange for a price or reward: sell one's soul to the devil.4. To be purchased in (a certain quantity); achieve sales of: a book that sold a million copies.5. a. To bring about or encourage sales of; promote: Good publicity sold the product.b. To cause to be accepted; advocate successfully: We sold the proposal to the school committee.6. To persuade (another) to recognize the worth or desirability of something: They sold me on the idea.---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----Now if you look at 5a, then you can understand this share is going all the way down to < 5p. Summary:---------- ----[link] hope this helps. In our next session we will explain what is a share. The basics basics only.TT

Trouble_Two 07 Jul 2015

Re: Info o/t Ask the wannabe expert green.as1953. He will explain it all in detail. If he issue a buy then I take a short. TTGreen.as1953's fav poster

indolent 06 Jul 2015

Re: Info o/t I've been wondering about articles from that source. They make an effort to cover pros and cons utilising a fair amount of a company's own written words but generally still manage to sound upbeat in to a plunging share price. forwardloop posted one to the Caza board on May 16 but they didn't mention a caveat re banking covenants that had recently been put in to a published company document. I'm not suggesting there is a similar situation here which there probably isn't but I now wonder more about what isn't said than what is.

steelwatch1 06 Jul 2015

Hot off the Press Circle Oil targeting Tunisian deal by year-end [link] Oil is hoping to reach agreement by the end of this year on a farm-out deal, regarding its highly-rated assets offshore Tunisia. The Irish-registered exploration firm is also actively sizing up a number of acquisition opportunities in Northern Africa. Speaking directly after the firm’s AGM in Dublin last Friday, during which he delivered a bullish outlook on the company’s future prospects, Circle’s new chief executive Mitch Flegg said he would be hopeful of tentatively landing a development partner for the company’s Mahdia Permit, off the coast of Tunisia, by the end of this year. Earlier, Mr Flegg told Circle’s assembled shareholders that doing a Tunisian deal — which would introduce a partner to fund further appraisal and exploration wells in the area — is one of management’s main priorities. It is too early to know how much of its 100% stake in Mahdia, Circle is willing to sell. Last August, Circle’s market value enjoyed a €30m boost after early drilling results from Mahdia — the company’s first offshore asset — suggested recoverable resources of around 100m barrels of oil. It has since been referred to as a “potentially transformational” find and a possible world-class asset.“There’s a long way to go, but it’s a quality asset and we’re confident we’ll move it forward,” Mr Flegg said on Friday. He added that interest levels are high among potential industry partners and that Circle is not having to market Mahdia as an investment option. Asked about the quality of interested parties, he said that they have the wherewithal to “put their money where their mouth is”.“Tunisia gives us the exploration running room we need as a company,” Mr Flegg said, adding that the company is awaiting formal approval for a three-year extension to its Tunisian permit, but expects delivery next month. Last year’s drilling work at Mahdia cost Circle in the region of $55m (€49.5m), but the company is unwilling to fully expose itself to such project costs again. Last month, Circle published a harsh set of annual results for 2014, which showed it went from an operating profit of $32.35m to an operating loss of $48.02m on the back of falling oil prices and writing off operations in Oman, which it has now exited. The company is now only operating in three countries — Egypt, Morocco, and Tunisia — but sees scope to expand operations in each. Mr Flegg said the anticipated surge in consolidation and M&A moves within the global exploration sector is throwing up “a big basket” of acquisition and investment opportunities and that Circle is actively looking at such prospects. He added that the company had left Oman on good terms, facilitating a possible return in the future if it so wished. In Morocco, Circle is confident of seeing further production and revenue increases this year and next and is participating in ongoing dialogue with potential new customers. It is also looking at increasing the volume and price of contracts to third parties; and further evaluating resource levels in the north of the country. Additionally, while the company has moved most of its senior management facilities to London, management reassured shareholders that it remains an Irish company and will stay registered in this country.

Trouble_Two 02 Jul 2015

EDUCATING TT So Buffet’s advice is to be fearful when others are greedy, and greedy when others are fearful.I was wrong. Sometimes you have to admit to your own erros.If you look at the first line, its not so illogical by shorting when green.as1953 is greedy (strong buys). TTGreen.as1953's fav poster.

Trouble_Two 02 Jul 2015

Re: TD STUFF: Defo not sure about this See, I don't always believe the charts. TT

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