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In an attempt to cut down the header page,i've transferred some of the older news to Page1 post No.3.

http://www.oil-price.net/index.php?lang=en
http://www.ft.com/home/uk

http://www.investegate.co.uk/Article.aspx?id=201111020700081674R
http://www.investegate.co.uk/Article.aspx?id=201111150700250723S
http://www.investegate.co.uk/Article.aspx?id=201112010705051251T
http://www.investegate.co.uk/Article.aspx?id=201201170700146472V
http://www.investegate.co.uk/Article.aspx?id=201201230701479690V
http://www.moneyam.com/action/news/showArticle?id=4323758
http://www.investegate.co.uk/Article.aspx?id=201204170700164488B
http://www.investegate.co.uk/Article.aspx?id=201205140700212304D
http://www.investegate.co.uk/Article.aspx?id=201205210700407032D
http://www.moneyam.com/action/news/showArticle?id=4430164
http://www.investegate.co.uk/afren-plc-%28afr%29/rns/significant-new-seychelles-3d-seismic-programme/201212120700052973T/
http://www.investegate.co.uk/afren-plc--afr-/rns/2013-half-yearly-results/201308230700063334M/
http://www.investegate.co.uk/afren-plc--afr-/rns/ogo-drilling-and-resources-update/201311190700083404T/
http://www.investegate.co.uk/afren-plc--afr-/rns/trading-statement-and-operations-update/201401280700096280Y/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201405200700135209H/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201410300700116483V/
http://www.moneyam.com/action/news/showArticle?id=4942625
http://www.moneyam.com/action/news/showArticle?id=4943375

ah indeed ... but both AFR and TLW (and HOIL) have definitely found the stuff, which may be in the ground but is not up in the blue sky ..... btw, have checked back and note that you made a similar derogatory comment about TLW's find in Uganda on 16th June when sp was about 890 against 990 now ..... perhaps hyleo is your alter ego


on 17th June, you also reckoned that TLW was badly overpriced compared to DGO (which I also hold) ...... DGO was then about 355 and is now 330

or yours, TLW's best bet in Uganda is to get the government to finance the cost of building the pipeline to Mombasa which would probably require a loan from the World Bank or similar agency,pretty unlikely unless the price of oil goes up significantly and stays up.

told you before ...... TLW have already put in an order for a fleet of spaceships ..... frankly, i don't much care how they get the oil from A to B, though assuredly it will be arranged, just as long as sp keeps ticking up

now tell us all at what price you shorted TLW (and AFR) and on what date ..... or did money and mouth somehow miss each other?

cynic you appear to have a problem, if you try being polite and nice to your fellow human beings for a change you just might get something out of your life.

i get more pleasure being as i am ..... it's one of the reasons i don't take sugar in my coffee or tea ..... and on the positive side, when i make a mistake, which i frequently do, i own up to it ..... and you???? ...... and of course, you have still not answered the question (surprise, surprise!)

cynic we are all entitled to our preferences and opinions believe it or not, you may think life is about constantly scoring points off other people.... we wonder if you have many friends.

well the royal "we" can wonder as long as "we" like ...... my gripe with you is nothing to do with preferences - e.g. i openly admit to a "problem" with chinese owned/run companies and blue-sky falklands E&P oilies ..... my objection is that (a) you don't hold your hand up to a wrong call and (b) having said (again) how overpriced TLW is, you do not short it ..... as i said, money and mouth fail to connect

cynic tell us something new, we all know you always need to have the last word and are always right, but never mind if that's how you wish to spend your time you are more than welcome,others like to give their honest opinions without favour.

if you read, you will see that i openly admit that i am often wrong and then hold my hand up to it ..... it may well be that i shall prove to have made an expensive mistake with AFR should the t/o never be realised, though that has nothing at all to do with the historic and continuing unrest in nigeria.

for your part, you (or the royal "we") seem incapable of this, let alone answering simple questions.

that is my honest opinion, though seemingly supported by actuality!

cynic you always prove our point, in your mind you are always right and need to have the last word, learn to fight another day, otherwise you will never grow up.

i have managed to survive well enough for the last 63 years, and genetically i would say i have a good chance of (at least) another 30

now try answering the questions or you will fail the exam, as i am sure you discovered as a child

cynic once again you prove our point you think you are the teacher, whereas you don't realise you are surrounded by teachers, but unfortunately you can't listen or see, which means you must be deaf and blind, malheureusement.

teacher? moi? ..... not even a rabbi!! ..... however, i certainly learnt to read the question and to answer it, though frequently not by just regurgitating the party line ...... how come you didn't the learn just the basics if you are a teacher?

....of course you always answered correctly,what a clever guy you are, but please don't be an ostrich look around and listen to other opinions and see the alternatives there may be many answers to a question especially when dealing with the stockmarket.

i do most of those things, otherwise there are numerous shares in which i would not invest (or short), or have done in the past ...... but now answer the question(s) i asked ......

why do you not stand up and admit when you make a wrong call?
why, if TLW, is so overpriced in your perfectly valid opinion, have you not put money with mouth and shorted it?

cynic TLW is of no interest as it is far too expensive, perhaps you could have a look at the market cap. in relation to earnings, do we need to "teach" you to suck eggs? Is there any chance of a dividend ever being paid?(rather like DGO).

for all that WHY HAVE YOU NOT SHORTED TLW?

not interested in divi and i dare say you are right re price to cap, but the bald facts of the matter are that
a) TLW has found oodles of easily extractable oil (don't sidetrack re pipeline)
b) the market loves them
c) they are a potential t/o target, though that should not be a cause to buy
d) i have done handsomely out of this share both now and in the past, and so long as i stay vigilant, should bank plenty


DGO is a slightly different kettle of fish.
though there is a potential though arguable problem that 52% is already owned by ENOC, Turkmenistan has HUGE reservoirs of oil and gas and other resources which have yet to be developed.

cynic why should TLW be a takeover target, their production is miniscule compared to the majors, their portfolio is spread over a number of countries which are not particularly politically stable,cost of developing some of their discoveries is prohibitive at present?

i don't particularly agree with your view on TLW's proven reserves or problems with extraction etc, and indubitably the oil majors are pretty desperate to add to their own stocks ...... taking over a company that has already done the hard work for them is a very cheap way so to do - viz IEC!

further, very few countries with oil and other natural resources are what you would want to call safe or stable or even friendly, but some are a lot less risky than others, among which i would include uganda, ghana and nigeria, though there are others

anyway, the real bit of importance lies in the share's performance, and at least for the time being, TLW is heading solidly north

cynic until the ramped up bubble bursts!