sunny35
01 Mar 2018
Tank/Tanker still Tinkering IMO.Couldn't make it up.Big oil = Big gamesBigger oil = Bigger games
riverside red
28 Feb 2018
Re: The great deluded! “A fool and his money are soon parted”Definition of fool - someone who invests in an AIM oil stock and expects to make money.
GRAMPSAV
28 Feb 2018
Trend UKOG. Low turnover around 1.5 million per hour.Not much interest here. DOW Futures hovering around the +50 mark. Three interest hikes forecast over the next12 Months.Short term inflation now a real threat. Equities risk short term.This Marketfor the risk takers. FTSE currently not a safe haven. Hard Brexit/Soft Brexit/No Brexit negotiations over thenext 12 Months now the driver. Cash is King. Take your pick.
hioyo
28 Feb 2018
Re: The great deluded! Great to see someone bringing this to the public eyes ,just shows how easy it is for these crooks running companies with the sole aim of lining their pockets with investors cash.Sadly nothing gets done about it. Absolute scandal .Best wishes to all
GRAMPSAV
27 Feb 2018
Re: Cameroon. Mekin Power Station Apologies wrong Cameroon posting site.
GRAMPSAV
27 Feb 2018
Cameroon. Mekin Power Station 1 SharesEMAILFACEBOOKINSTAGRAMLINKEDINTWITTER YOUTUBE(Business in Cameroon) - The preliminary commissioning of Mékin dam (15MW) will take place on March 28, 2018. This was revealed on February 23, 2018, by Hydro Mékin in charge of the infrastructure’s exploitation.Nkwawir Charles, the project’s technical director, added that should things go well, the dam will launch in April. The three turbines have already been installed and the production tests have been successfully completed. All the electromechanical and hydro-mechanical equipment have already been installed on a 110-KV line. The administrative, technical, legal and contractual formalities for the sales and injection of the energy generated in the southern interconnected system are underway with the regulator (ARSEL), the minister of energy and water as well as the strategic partner ENEO.For the record, Cameroon contracted the China national electric engineering Corp (CNEEC) to build Mékin dam on October 20, 2010. For now, 90% of the contract’s amount (CFA23.19 billion pre-tax value) has been paid to the company. According to Hydro Mékin, the remaining 10% should be paid by Cameroon because it did not respect the contractual payment schedule, between 2010 and 2014, set by Exim Bank China.
GRAMPSAV
27 Feb 2018
Angus news on The Weald Lidsey well Workover rig busy at Lidsey to replace pump Lidsey-X2 and bring Lidsey-X1 back on-stream #ANGS
hopetown
27 Feb 2018
The great deluded! The Sunday Times reported that shareholders have turned against small oil companies that seem to be run for the benefit of executives. The piece makes for astonishing reading. Advisory firm Hannon Westwood noted that 55 companies in London’s oil and gas industry had no reserves on their books as of last year. “In other words, they neither produce oil nor plan to. They simply exist. And write cheques,” said the publication. It quoted an unnamed pension fund manager as saying that “there is a casual disregard for shareholders in the oil industry”. Oil companies make up 15% of the FTSE All-Share index, noted the report. However, “an unnerving proportion of the 130 or so listed explorers and producers could be classified as what critics call ‘lifestyleR17; companies”. In other words, “groups of mates who managed to raise enough cash to pay themselves well, but not much more”. The newspaper went as far as to say: “Chief executives taking home big wads of cash while investors get nothing is endemic in London’s oil and gas industry.” Of the examples that abound, the report highlighted one case study: San Leon Energy. Its chairman, 55-year-old former stockbroker Oisin Fanning took home a whopping £3.2m (about R59m) over four years. The company, on the other hand, has racked up almost double that figure in losses, with its share price plunging nearly 90%. The trend highlights that shareholders have no control over the use of the money they invest in an oil or exploration company, pointed out Ian Norbury, of Hannon Westwood. The San Leon board has reportedly agreed to change Fanning’s pay so that he receives 80% of it in cash rather than shares. Still, I wouldn’t be in a hurry to invest my hard-earned foreign currency allowance in the next oil company that lists in London. I’d also think twice about a FTSE All-Share tracker, given the heavy dose of these companies in that index. A culture of greed seems pretty entrenched among oil company managers, putting other sectors in the shade.
GRAMPSAV
27 Feb 2018
Trend UKOG approaching 8 million in first hour.SP currently around last nights close. Looks like treading water today unless more oil hitting the surface.Speculative only. DOW Futures not creating any waves. Understandable after rising 400 points at lastnights close. Looking more settled,follow the market trend. FTSE currently ignoring DOW movement,tending now to be enmeshed in the Brexiteers/Remain/Party Line Negotiations turmoil.Take your pick,could go in any direction.PMs Friday Statement may (excuse the pun)increase the uncertainty.
KNEES
26 Feb 2018
Re: Buyers beware !!! Hi danpoe, yes still here in Thailand, I stay from Sept to May, just when the the streets get aired , you must admit we have been through shiete in the last few years, I blew a stack in the Minty fiasco and others too, I think we both made the mistake of investing in the Co s instead of trading , its not a healthy strategy having faith for the long term, having said that there are one or two I wold make an exception .Good luck with your investments, we need it in our old age ,
danpoe
26 Feb 2018
Re: Buyers beware !!! Hi K,yes finally sold out from that p*** pot share.No doubt it (nuog) will do the usual rounds again,to draw the unsuspecting in ,or may even come good one millennium.In here now,and think we will come good(where have we heard that before). Trouble with the last( Ukog) ..Rns i am £9k+ down, ......whats new . Where are you Thailand ???? too f*****g cold here.
KNEES
26 Feb 2018
Re: Buyers beware !!! hello danpoe , have you finally moved on from that Minty crew & bandits ?glad to see the back of them , all be it at a huge loss, they should came their name to Leach.
hopetown
26 Feb 2018
Well stimulation Good link here thanks to the" swampies"!!![link]
younginvestor95
26 Feb 2018
Re: Trend It’s no rumour haha, it’s MM or clever pi’s taking advantage of the people who oversold the share massively... Because people realise even if there is no oil yet, it’s got other assets that could have oil/ do have oil flowing.. anyone who sold out and bought back in at 1.5 has already made 20% on their holding.. YI
ybhere
26 Feb 2018
Re: Trend Morning Gramp,So far, 7 large Trades of 1m or more gone through this morning. The SP was well oversold last week. Quite pleased I topped up, nearly doubling my holding at 1.52p.YB
