probs Stellar has the least focus. Without the HH news its not really a viable option
Hmm just put a buy limit order at 85p. Will have to see if I get it.
I expect most people are buying the name. If the public buy in its not going to be in STG its going to be in UKOG
I sold half my holding this morning and will look to buy back post audit. Bit worried about this one, although the long term prosepcts are good.
Sufi iii Hi Sufi Hope you are well. Please see my high level comments on your thoughts below "Look at it carefully. 23 fields producing 150 bopd" To me this isn't an issue half of US conventional oil comes from this type of nodding donkey well. "Paid $5m or most remaining cash/cash flow to fund a business with sales of £600k and loses of £500k ish." In my view, AP losses are not what I would look at in this cycle of the business. I'd take a look at FCF. I think they have it now. And is exemplified by recent behaviour. . Re cancelled disinvestment of spain gettign new rigs. In addition the acquisition should pay for itself in cash terms in five years with no production issues. Im not to familer with ritson tweeting - sure you don't mean Leni, or maybe Im not following him? "Looks a bit strange to me as to why lgo couldn't wait 6 months n get to 2,000 bopd before buying". I would want it in the august CPR with a view to getting RBL. In addition I wouldn't be surprised if he wants to test water flooding on this field rather than gourdron as it appears to be in a later stage of the production life cycle. Only thoughts though, need to do some research. "Feel a nasty surprise coming from flow rates from gourdon I guess." The only nasty surprise will be from BB morons. I made this good value when flow rates were predicted to be 80bpd on goudron." Re any possible placing, Im not ruling it out, but a funding placing is completely different to a placing that is used for acquisitions and I am actually open to the idea if it generates value. Can't imagine it will come soon though. I also would expect it to be gobbled by the market, much like the last placing which had a negligible effect on the price. Good luck with your investments and thanks for your thoughts!
hopefully wont be spiked. Agreed though better bang for buck on HH - only concern is the public won't realise it