Mega Board

Coolkat
i can see from the responses that you have been provoking a fair amount of discussion..... and imo the responses seem fairly logical and robust and i can't say there's anything that would make me take you off ignore yet.

TS

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To balance the discussions on the board maybe there are iraqi members here who are able to give us an insight into life in iraq. It is my understanding that it is not an easy life. Violence is still part of everday according to interviews i have seen with security experts.

It would be nice to have a first hand account of the everyday life in Iraq. Healthy ecomies in iraq, kurdistan and for that matter the rest of the world are in all our interests.

We all realise that the iraq perspective on oil deals will differ from the Kurdish view. I believe members of this board are fair and will understand opinions they may not agree with.

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FTS are paying a 8p divi, have enough cash to do the same for two more years. shares mid price 26p.

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What will be the share price at the end of the day when all the new shares are issued.

nortyforty never disappoints and comes in with a mindblowing 99.9 to go straight to the top of the board.

The board has been silenced (even nortyforty) as a low blow is delivered
nommom 37.5.

nortyforty 99.9
macadamia 77.3
Sharescooge 75.1
Delusional 74.3
malcolm Dick 72.6
markiejohn 69
GBFast 69
Wacthdoggy 66.0
Sir Richard Bunson 64.50
MontysHeros 62
mcn2000 66.1
i WISH i WAS i 61
circ 59
Oakwood 58
denby1 56
listener 55.10
Wombling by 55.3
Nolosstillsell 55
davymartin 54
David7015 53.5
Kelotoni 52
In for a few quid 48.5
4u2cmt 42.5
catcheemonkee 41.5
nommom 37.5

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8p divi cost the company just one third of the cash it has, so could get the same for the next two years.

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tas devil is right, stop talking cráp on here, turn the computer off and go do something useful the lot of you
==============================

I thought reading BuyemSellem's Bu$££it on this bb is more divine for essex.

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Cheat, fraud and truly obnoxious little toe rag.

Loser at best.

Same person??

I'll leave you to decide

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Just got back from work and scanned todays posts. Well AE has really demonstrated himself to be a prize dik...but then that would make him useful yet he's been as useful as a chocolate fireguard. Same craap day after day after day and what's the bet we get another 1st posting from him tomorrow morning provoking investors to respond and continually refer to his craap for the rest of the day. Come on SXXers stop responding to him now and lets get this board back to being a great one with proper balanced views. AE it's time for you to go now. You've pisssed off enough people here already and created real anger. Remember people work hard for their money and don't need your rantings and utterance of bollokss to dash their hopes, dreams or expectations. Bring on the red tick.

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Nice posts ticker It seems to me that most aim stocks are having the same problem at present,when are we likely to be getting value for money from our investments as it seems like we are just fuelling more games with our capital,I suppose its just a waiting game until they have no choice but to re re-rate and move stocks with an improved economy,seems like the wild west at present.

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this is why the crock bailout was such a dangerous waste of money...just tranfered the private sector problem debt to state sector....if you didnt think a private sector collapse was a good idea just wait until you see what a public sector collapse looks like.

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OB,

You know the re-appraisel of the Johnson prospect took most of us by surprise when it was announced. It raised a few eyebrows... Also the "partner" that RKH announced and then had a bout of pre nuptual nerves by not naming them... Well, they must have been under pressure to talk the price up cos they knew they would need to raise funds and is it possible they may have exagerated things a bit? They do seem to be back pedalling on both these now. What I'm suggesting is maybe Johnston isn't all it was cracked up to be? Same applies for the mysterious "partner"


BTW will you have internet access around time of spudding?


Mike.

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used to keep fish myself

anyway link

http://www.tetra-fish.com/aquarium/default.aspx

and further press re awards

http://www.cosmeticsdesign-europe.com/Packaging-Design/Innovation-of-the-year-award-for-lip-gloss-timestrip-technology

mol42

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AH..good point too many share's lesser rise.
do you think..?

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"Société Générale tells clients how to prepare for potential 'global collapse'Société Générale tells clients how to prepare for potential 'global collapse'"

http://www.telegraph.co.uk/finance/economics/6599281/Societe-Generale-tells-clients-how-to-prepare-for-global-collapse.html

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from yesterday, not sure if its already been posted - interesting read.

http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article6924274.ece

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Sorry i thought i was posting on the En..Oil board first,as you would know about the cancer drug trile's on here already,but still same applies any help would be appreciated.
Did get my credit card taken by a doggy atm machine.
Thanks.

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Just in case you're worried that the lights are out over England or that the Hadron Collider has vacuumed up around these parts, be assured life goes on. It is dark over here, you may have to yell. Buenas noches.

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I think people tend to forget about companies prospects when looking at what they think is going to happen in the short term, so I thought i would post why i think companies like TW and LAND (property companies) will be good companies to hold for the long term.

First I want to point out the two things that pushed up the prices of properties in the last boom, first it was the opening up of the credit markets, and secondly it was the shortage of homes for buyers, now what i think people forget is that the only thing that has really changed from these points is that the credit markets have dried up , there is still a clear shortage of homes on the market (hence why the property prices market has shown a small recovery, as there are more buyers than sellers).

So if you think within 5 years that the credit markets will recover, then clearly companies like this are a sure buy as there properties value (hence NAV) will increase and there margins and profits will improve quite rapidly. And in my opinion and it would appear many of the property companies and investment companies, the credit markets will improve over this time hence why there are buying up properties now when the prices are subdued and are will to just sit on them if they cannot get rent, it is also why there are adding to land banks and are again willing to just sit on them, as do not forget as well property is seen as a protector against inflation also.

Anyway my point is if investment companies and private buyers seem happy and intent to use their free cash to by property just to sit on, then surely this must be a good sign that these will be worth holding for the future. Especially as the government is so focused on opening up the credit markets, the one thing really holding back the property markets.

I admit short term the price may be a little volitile, especially with an election next year, where it is looking increasingly likely that a new party will be coming into power, but long term even if the price does drop it will surely recover in the long run and with the good dividend investing in property companies like LAND and TW has to be good value.

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I'm really sorry, but I'm now just one more glass from benig totally confused about this consensus; are we guessing AD's IQ or something else entirely?

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Lend me a few quid and i will mate....last of my hard earnt is waiting for the OO.

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Thanks for your posts much apreciated. I have many relevant questions. Your opinions would be of great interest.

Can you see this news in your native language?
Do you think this report is correct?
How many members of parliament are there in Iraq?

Vote of no-confidence against Oil Minster after Eid


Saturday, November 21st 2009 5:03 PM




Erbil, 21 November (AKnews) – A vote of no-confidence against the Iraqi Oil Minster will take place after the Eid al-Adha, a source from the Iraqi parliament said Saturday. Iraq parliament, Parlamani Iraq

Due to lack of enough signatures to censure Hussein al-Shahristani, the vote was postponed until after the Eid, next week, head of the Oil and Gas in the Iraqi parliament said.

Shahristani can be censured after 100 signatures have been collected by the Iraqi MPs for the purpose.

However, only 70 votes have been collected for a vote of no confidence against the Oil Minster, according to Ali Hasan al-Balo.

For the time being, the parliamentarians wait until the adequate signatures are collected to censure the minister, Balo said.

“It will be great if Shahristani's ouster succeeded, we support Kurdistan Alliance list (KA) in this regard,” MP on Kurdistan Islamic Union List, Sami Atrooshi spoke to AKnews.

Because, his inappropriate policies over the past four years led to the delay in the passage of the Oil and Gas Law, according to Atrooshi. "As KIU we support his dismissal,"

On 10 November, the Iraqi parliament summoned Oil Minister, Hussein al-Shahristani, to the parliament and questioned him over his Ministry’s oil policy.

In mid-April 2009, the Iraqi parliament summoned trade Mister, Abdul-Fattah Sudani, and charged him with corruption, who subsequently stepped down.

sm.ry AKnews

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None of us can pass judgement, we are here as well (if not all day).

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Hi Guys/Gals.
Sorry to bore you all ,i am still waiting for my card that was chewed up by the a.t.m machine and prey it come's monday(it's the only way i can buy).
I,m not trying to ramp..co's i wouldn't know how,or would do that.
Just opinion's would be nice.
Mabey i shoud go half each in bying ,i'm torn weather to buy Enegi Oil as the price seems to be going out of my reach,or a cancer drug's co Sarem(sar) that has helped produced a drug in the fight against cancer.
I know we have to D.Y.O.R..which i have a little on bot'h...but cant choose,or go half each...if someone' say's that...bongo i will.

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BH. Please don't stop posting mate, you are a diamond geezer...

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55.3

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Who cares about RNS-.... I do! Overpromising and underdelivering is not astute business, markets reflect ability to fulfill. FML have been in application process for Naimanjal since 2005, gold targets year on year set at 25,000- 50,000 oz with max achieved production at circa 7,000 oz- personally, I dont believe Naimanjal can produce at aspirational targets and expect further negative news re same. Make or break is Benkala- timing is perfect with copper in high demand, very limited new onstream potential suppliers, Chinese market next door and demand growing and peripheral gold projects potentially providing funding to mature this exceptional resource. So yes, I want to see a RNS confirming that targets are being met- currently holding six figure shares and contemplating doubling same, however despite a strong and irrational attachment to the company (borne of holding at 0.52, and all the consequent consternation concerning several RNS re future funding), I remain to be convinced. Message is simple, dont promise what you cant deliver and recognise inherent value of PI's- nil or limited institutional holdings here at this time so we are all you have got! Continue to believe big time in this company- convince and persuade me that something has changed!! PS..GLA...

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Just to stir things up a little, what if they (BOR) have decided to plough their own furrow, hence the large figure that is being touted. Have a think about it over a large plate of pie and mash this evening....
=====================

You will see, BOR will do better than DES/RKH/FOGL....imho

I think they have better managments. if they can have placing without having rig/partner then they city must have more confident in them than des/rkh's managments.
Des/Rkh have to get the rig/partner before the the big boys got interested.
It's time to buy more of Bor and have a long position as well.

Very exciting time.

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tas devil is right, stop talking cráp on here, turn the computer off and go do something useful the lot of you

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tas

he is a song for you
http://www.youtube.com/watch?v=XSaWLMcFiiQ&feature=related

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Monter - I assumed he was jesting.....(I hope) :-)

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Varel - you need to compare market caps to production - comparing to share prices is meaningless. If production, as planned, gets to say 3,000 bopd your prediction of 6 - 10p I would say is out by a huge factor, generating £40-50m per year annualised pre tax cashflow I would expect a price of 25 - 30p - taking into account further planned growth also.

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Purely a guess but maybe they are buying enough to stay over 6% and their place on the board if they suffer the dilution and don't take up RI. I believe they were due to end up with around 5.6% if they didn't do anything... Then again be surely cheaper to take up some of their option?

Could be that they have support from x% to block the RI and know they need to take control of x more % to be able to block it.

Who knows, but they aren't making any friends with the other board members thats for certain...

BY

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He has agreed to leave it now let sleeping dogs lie forget it senn

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You to enjoy! Sorry biofutures palm oil.

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I thought you said you had inside info! Sunday Mail is not inside info and I would not base my investments on what it says.

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i hope so as i sold at 6.40 and would like to buy back.. all the markets are too high and i think all the shares will pull back. i saw a guy on blloomberg say p/e are too high ons&p. sees 900 as fair value. that is probably across the board on all exchanges. nomura have just upgraded to 7.20 ish.

this one really is an all in stock. massive divi, 95% regulated industry, profit up, debt down, divi up. i have not got the balls.

if the market dips then this one will at best be flat. if it goes 6.30 it is only a 2% drop. these shares move that in a day anyway. could be best to buy post divi. will drop the divi% and if market drops then you could get for 620 ish. i am sure there will be a selloff post divi. shares will be sold of pre xmas so the market will be quiet. this is a definite buy if long. if short. sub 6.00 could happen if the bubble pops again

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"The thing is.... Is that my views are not a personal attack on anyone.."

But when you started posting you said it was a personal attack on TrickyDickyTwo and that you would leave when he appologised to you.

Seems like your getting your lies confused

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Viko,

1. I never posted on the QXL Board, so please stop telling lies.
2. You offer no substantive evidence to suggest D1 is worth 15p.
3. I offer a myriad of reasons why D1 is not a good investment and might be worth ZERO. (Agcert, now delisted with PIs money, promised all sorts of "Planet Saving Things" and never achieved them whilst listed.)
4. BP left the PARTY - only to go and drill the deepest well in a hurricane lashed basin. WHY?
5. A one use crop has only one use and while oil is cheap who wants noxious nutz. In fact who wants them when oil is expensive?

D1 had a race car, a refinery and lots of other things now all gone. We're left with a green house, a pair of gloves, pruning shears and some cuttings and are yet still to produce in quantity nutz.

When you can send me off to do some serious research on why D1 is worth looking at perhaps, then, I'll change tack. But that's unlikely ain't it!

In summation, if you keep lying about my past, I'll report you, period.

LoSA

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so what@ the week 33 entry TT ?
..........

give it time chum, i have to read the Sunday Mail first!

TT

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tas

i think you ought to enter the sp. competition this week, it will show us if you as good as you say you are (but i suspect your ego will stop you doing so)

like buyemsellem you are another one who's ego will not let them enter.

"Go on punk, make my day"

TT
ThePro

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so what@ the week 33 entry TT ?

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Oil Brat

Good to see you around again.

Problem with Johnson is size. Its not anticipated to be over the required economic threshold of 4TCF. Thats not to say that it won't make a great satallite field to Alpha should we get lucky.

Drill order will be interesting to say the least.


Loch

"Reality is next week we will be asked to participate in an OO to raise a further £20m and not 1 person on this bb knows what it is for."

Therein lie's the problem. DES is a PLC NOT a private company.

If the company is to raise an additional £20m in an OO the very least the BoD owe us is transparity as to its use and or its requirement. Surely you must agree with this?

kind regards

eb

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Hi Loulaki,

I approached LNGA in exactly the same manner when I first stumbled upon this ETF. However, before you start investing long term, you need to fully understand the effects of Contango. Once you do, it'll hopefully become clear why this one is just a short term play. Don't get me wrong, there's good money to be made from LNGA, but just look to take profits when given the opportunity. It does look like we're reaching the bottom, and the technicals are suggesting that this ETF is looking 'oversold'. I'm waiting for an entry point into LNGA, but will expect to have closed my position within a few days... or at most a few weeks!

Here's something I posted at an earlier date in an attempt to try and explain the effects of contango...


-------------------

I’m not sure if you’re in this category, but I think at some stage the majority of us have been. Most of us started / looked at investing in NGAS/LNGA because we believed that it follows the spot price of Natural Gas and we could take advantage of an eventual recovery...I’m afraid to say that it doesn’t.

NGAS & LNGA does not simply follow the spot price of Natural Gas. If an ETF commodity is in Contango (which Natural Gas is), you’ll find that before you start making any profits, the spot price of the commodity would need to outperform future pricing in order to absorb the negative roll yield.

For example, let’s say that in November the spot price of natural gas has increased by 40% on today’s price, the value of your holding would be down as this increase wouldn’t have absorbed the negative roll yield. Have a read of the article below, compaired to some I've read I found this article to have a quite clear explanation of Contango / Backwardation...

http://www.morningstar.co.uk/uk/news/article.aspx?lang=en-GB&articleid=81997&categoryid=415

If you want to take advantage of a recovery in Natural Gas then I'd probably be looking at alternatives. Or if you really want to stick with LNGA/NGAS then just make sure you take into account Future Pricing of Natural Gas.

-------------

Hope this helps.

All the best,
Courtney

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Andy, thanks for keeping us informed.
pi

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http://business.timesonline.co.uk/tol/business/columnists/article6924215.ece

Could the same be happening with Dragon shares?

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BIO..???

Bio Technology???

Enjoy the rest of the weekend...

Have found and ordered my bits, so for me pc is off now until Monday...

The thing is.... Is that my views are not a personal attack on anyone..

I sometimes think they are taken that way.. And that couldnt be further from the truth..

My opinions and views are just that... "MY" opinions and views..

III just host a website where we can all share our opinions and views..

And since when has debate ever been bad???

If nothing else, perhaps "my" opinions and views have encouraged some to research a little more..
If thats the case then that has to be good doesn't it?

Anyway... No malice intended..

Have a good weekend.

AE

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We all don't know what's going to happen to this company. Everything is possible.

It could come back without any dilution
It could come back 100% own by banks and bondholders
It could come back with a little percentage left for the current shareholders and mostly own by the banks and bondholders
It could go into administration
It could come back without WFS

One thing is for sure and that is there will be some kind of update before 31/12/2009. So not too long to go now before we are going learn the future of this company.

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Excellent find Paitech - a very interesting read.

Sounds great for Heritage (if they hold onto the prospect long-term), not so much for Uganda.

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Thanks - more time now.

So yes I think they are still short of shares in answer to your question - just less short than they were at the top of the spike where I believe they had none left - they were in share debt so to speak. They will want to accumulate more in case there is a surge in demand again. However I do not see the demand rising to the level it did in such a short time frame like last time - not due to any fault of the company just because it became very herd like for a short time. Combined with the lack of the shares in issue it created an unsustainable spike. Unsustainable not because of unrealistic company valuations but because the mm's simply did not have any shares left and were selling shares they did not have. An impossible situation for mm's. One can ask why did they not raise the price further to get the shares they need. The answer is I think is two fold - any higher than 30p or so on the news we had initially would have been firstly unrealistic in terms of company valuations and secondly backed up by the first point why not lower the price on the back of profit taking and gain the shares they need and shake out a few more and make more money on the next hike. Do the whole thing again. Easy money. However I do not think it has been easy money for them on this one. I think it has taken them time to cover themselves.

One can then ask how does any share rise to new trading ranges if the mm's have such power over the sp and can do the same thing over and over again. Well I think that is where news comes in - where new real value is put on the company and it gets rerated to another trading level. They have been really bad at giving aim companies sp's that reflect the true value of late. If things were stable they could not get away with it - but with the volatility of late it has become acceptable. The mm's are getting away with murder.

I know that we are much lower than the top of the spike but we are much higher still than before the recommencement = rerated on news.

The flow rates (if the same or better) will put real additional value on the company and it should be rerated again. However alot of this again depends on how sentiment is on the share at the time. Remember alot of pi's hate this share as they bought in as part of the heard, sold through panick and lost. Will they be interested in buying in again - probably not if they were burnt based upon lack of understanding of the company. This could then limit the next rise making a spike less likely. Again there is a but - the share is illiquid so even with a reduced amount of buys than on the rise post recommencement we will see an improvement in sp. I would not be surprised to see the sp rerated in the morning if the flow rates are good anyway.

You will have seen the mess on sxx at the moment - the central problem is two fold - one herd like activity like we experienced but secondly and more importantly they have no justification of sp as they do not earn money - everyone is speculating. The mms can do what they want with the mms with little recourse whether the prospects are good or bad. We will not suffer the second problem as money will be coming in - so it is quantifiable. Earning are proven - we get rerated - earning improve we get rerated more.

I could go on - as there are so many ifs and buts.

If we get an ii buying in on good news - well then we just get rerated anyway.

Lots of rambling - hope it makes sense.

Ticker

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My wife went through this a couple of years ago and whilst it seemed devastating at the time. Things will get better and our thoughts are with you both

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