Re: Time to jump on board Did you get back in sir singh ?
Wow what a duster Back in 2011 I held these from 0.7p to much higher levels. Sold at 2p and bought some properties. Always regretted selling way to early. Sold those houses made cash. This drop from 5p to 0.1p is plain digesting. What happened to Baron? Lol
Re: Time to jump on board Tom now says this is a keep lights on placing @ 0.1cornhill.
Re: AGM YEA..........LOL.......There share value is only 93% down !!!!!!!!!!!!!!......to what it was......Rita tells a good story...........but it doesn't give us share value back....26k down....!!!!!
AGM Sounds promising, may top up early next week. Long term...
The Petition is gaining support Apologies for board hopping but-The petition is going quite well; over 3600 signatures so far. Although it really needs a turbo boost.[link] petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016.The FCA don't even reply on the matter, now is your chance to have your say.If you hate seeing buys reported as sells etc!!!!!!Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog.My local MP supported this petition by writing to the petitions committee to help un-stall it.Theres 650 MPs in Westminster, So have you written to your MP? 649 to go!If this petition doesnt reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond.So If you havent yet signed or indeed have but havent passed it on to others, then nows the time to do so. We really need a social / media savvy individual to help generate more interest in this.This petition will hopefully be the ring pull; sitting on top of the can of worms thats allowed under the current rules and administered by the FCA.
Re: Time to jump on board Tom Winnifith ... wile gloating over pci suspension claims this is another going bust ?
Re: Time to jump on board Not to be confused with moil.
Time to jump on board I'm ready for the spike. Excellent time to get in.
Re: Encouraging news - someone has faith her... The issue is how long can the middle east hold out with low oil price?? Saudi was estimated at $50 for 5 years and most of the wealth is held in US dollars. What if the bull market in the dollar starts to turn? The USD has shown a remarkable upward trend considering the size of the US debt measured against its peers. Is the power in the Middle east about to change as the wealth is dispersed? All that is happening is the curtailing of investment into oil exploration and exploitation, the shale oil is still available in the ground at the end of this cycle. History may well show that wealth was dissipated for no real advantage.
Encouraging news - someone has faith here 12th Jan 2016Magnolia Petroleum Plc, the AIM-quoted, US onshore-focused oil and gas exploration and production company, is pleased to announce that Mr. Thomas Wagenhofer has been appointed Chairman of the Board with immediate effect. He replaces Mr. Gavin Burnell who is stepping down from the Board to pursue other business interests.Mr. Wagenhofer joined the Company as a Non-executive Director on 30 June 2015. He is a highly respected petroleum engineer and oil and gas investment specialist with over 20 years’ experience in the global E&P sector.Issue of EquityPursuant to the agreement with Mr. Thomas Wagenhofer, Chairman of Magnolia, where he has elected to receive the majority of his annual fee in new ordinary shares of the Company, the Company has today issued Mr. Wagenhofer 857,142 new ordinary shares (the "Fee Shares" covering the period from 1 October 2015 to 31 March 2016. Following the issue of the Fee Shares, Mr. Wagenhofer has an interest in 4,142,855 ordinary shares equating to 0.39% of the issued share capital.
NEW ARTICLE: The Oil Man: Oil price, Wentworth, Magnolia " WTI $47.90 +$1.76, Brent $50.54 +$1.75, Diff $2.64 -1c, NG $2.25 n/cA decent rally yesterday based mainly on supply disruptions; a strike in Brazil has taken around 25% of its production off-stream, whilst in Libya the terminal at Zueitina cut ..."[link]
Well Rita............ This all sounds wonderful, so why has the share price dropped from 1.25 to .45 in less than a year....?????? you can't blame it all on the price of oil.........some one has a clever way with words....lol
Tipped Upbeat.[link]
Re: Disposal I was happier last August when it was decided to offload some small parcels.Looking at this last News Release of 16 'opportunities', most are under 1% NRI, with the smallest at 0.16%. Why the backward step?One of the larger investments is Whistler 1-24 at 4%+ NRI. This well is 'waiting to spud'; I only hope they finish drilling etc. before the permit runs out on 2nd July.Any idea what the current boepd figure might be? Only figure I have is the position at year end, last December.