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dolor

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Everything posted by dolor

  1. dolor

    PPP

    For three years, PPP have been looking for new opportunities to replace their rapidly diminishing Tui production. This latest quarterly states that their quest is still ongoing, while we shareholders hold and hold and hold. What a mistake that has proven with all that lost opportunity cost in other ventures. The directors have both massive holdings and cash monetery returns while they procrastinate and we vegetate. What to do?
  2. What a dismal record this company is compiling. Endless delays, failure to communicate with its shareholders, multiple failures, and a management that seems incapable of improving its credentials despite every attempt by interested parties to make progress. Tony Radford at 75 still hangs in there despite proof of his failings. What does it take to turn this company around to realize its potential? Success at current and imminent drills will help but it needs a cornerstone shareholder to move in and take over management. Any bidders?
  3. The D & M report on permit 0037 answers my previous query showing extension of the turbidite fan and greatly enhanced prospectivity as a result of the Walvis drill. The permit is now assessed as an 8+ billion oil prospect. All that is needed now is for a major to take 50% plus costs to date and a free first drill. Shouldn't be too difficult with Barry an honest well respected ceo who will certainly seek the best deal for shareholders. Can't wait! This is likely to be one amazing company within the next 2-3 years and I wish I had the cash to buy some more!
  4. With PCL immediately north and also east of this well, how does the geolgy, depth, seismic, relate to any likely indicators for future prospectivity?
  5. dolor

    FAR - FAR LIMITED

    Thanks for the info and your optimism. I have been holding for upteen years and am still well behind but nevertheless ever hopeful on the basis of the many potential game breakers. With this better management the prospects are likely to be realised and despite the massive dilution my long term sizable investment should one day see me to retirement prosperity.
  6. dolor

    GEN

    Sad that this has come to an end. The flagship of NZ biotech floundering on Chinese medling. A profound lesson to those seeking future ffunding, as exemplified here, with F & P, and Crafar farms. They want total control and are patient until this is achieved by fair means or by foul.
  7. My Nov 2011 post has come to bear. When will this company come to its senses - common ones?
  8. dolor

    BLT

    Fortunately everybody ignores his rantings.
  9. dolor

    GEN

    The collapsed house of GEN has their AGM tomorrow. With directors up for confirmation there is a chance for announcement of activity. Will we see a closed and impenetrable edifice, an open door to a new collaboration and business venture with the Chinese, a futive back door entrance shrouded in mystery and intigue, or will this be a last dying gasp of impending demise? Surely the retention and costs of retaining dual listing must be indicative of ulterior purpose? Others must be of similar mind given the recent upsurge in price.
  10. Latest venture into Tunisia seems an act of desparation - seeking redemption from the string of failures these past 3 years. Salisbury has made one bad decision after another and now the company is diversifying by shifting interest to the other side of the world, to an area of political and financial instability, where the co has no other personell, where adjacent oil pools are small, with a 5 year horizon to any potential find. Is this the hallmark of successful business practice? Seems time to abandon ship.
  11. dolor

    BLT

    Something is afoot in this space, with Gen delaying the AGM while awaiting nomination for new directors. Any interest Plastic?
  12. dolor

    PPP

    After searching for two years to find a new field and income source to supplement the declining Tui oil income, it seems odd that the co has been silent regarding Kaupokonui with NZOG seeking futher partners. Could it be that PPP are now shy of involvement with a team that has failed all too often of late, or are the terms too onerous for participation?
  13. dolor

    PPP

    Still no news after 3 weeks of testing. What could possibly be happening other than technical difficulties as encountered in the first drill which precluded and conclusive flow data? The cumulative costs must now be very substantial and the only consolation might be that PPP only have to bear 5%. Sad that they have no control over events or news releases as the lack of reporting reflects badly on the company's standing in the Ausie market. Even if the well is a success the loss of support within the investing community is so great as to cause an almost irrevocable downgrade of the confidence in the board and administration. The solution? A merger or T/O with another oiler.
  14. dolor

    PPP

    What could be happening with drill stem preparations in Viet Nam? Same message for the past week as though the team fell asleep on the job. Must have been the same team as those on the board. At this rate declining cash will be the only company movement.
  15. Two years since the last post on NZO with only negative events to report. This co has been stumbling under the Radford factor with little or no control over virtually all its activities. Massive staff increases and endless 'we have many exciting plans for the future' have been all talk and no action. What with the run down of Tui, failed drills x 5, relinquishment of permits, the PPP fiasco and Pike River explosion, no partners willing or able to undertake new drilling, and now the cancellation of dividend despite good cash reserves, it's a wonder that there is even a semblance of any market. After holding for years I have lost any confidence whatsoever in this board and am selling down progressively. Previous good prospects have been destroyed by endless bad decisions. The only salvation would be a take-over - perhaps Todd, Contact, Mighty River, Infratil or an Ausie oiler. Shouldn't be too costly at this time with poo so high and cash in the kitty.
  16. The problem with PCL is that the two principal shareholders and directors are using the resources of the company to maintain their life style and have done so for 10+ years. They obtain new funding every two years but as minor non operating participants in their permits, they are beholden to others for any action. Only in Malta did they hold control until Anadarko became involved and that too has now been lost. While 'the promised pot of gold' may yet materialise, we may not live long enough to reap the rewards. IMO this is now a trading stock rather than a long term investment option.
  17. dolor

    FAR - FAR LIMITED

    DG, I too have been in the higher echelons with you for a couple of years, seduced by the hype from ME, but up to now, let down by the realities and vagaries of oil exploration. When the 6mill options were granted to him my disappointment was such that I voted against the motion, perhaps emotionally driven rather than an analytical appraisal of their possible value to all holders. He is an ethical CEO it seems, so his motivation to work both for himself and all of us is a powerful incentive to succeed in his quest to find a joint venture partner. That he is working hard is unquestionable, that he might turn up trumps is still possible, so I shall hang on at least until early August, notwithstanding the Envoi Sept deadline which is too close for comfort. Hope springs from deep.
  18. The surprise is not that sellers have dried up, but that it took so long for them to realise that too much is happeneing to let NZO go at what will prove to be cheap prices. Kupe is just commissioning with long term cash flows on the horizon, and Albacore drilling gives blue sky promise by new year. Loads of cash, Hoki and Tui to come. Is this is as good as oil exploration gets apart from elephant drilling?
  19. What with Maari pumping furiously, Beibu on the move and PNG showing long term promise, my hunch is that HZN are perfectly placed in time and prospectivity for another mid sized oil co to take them over/merge to enhance future earnings. Risks are minimal apart from a further general economic downturn. Whatever way one looks this is a great longterm investment. For a novice like me a no brainer.
  20. dolor

    MST

    Not only that Ibyl, but we have exuberant bloggers on this site who have hyped this co for years against all odds, berating naysayers and denying their own failings in dispasionate investment decisions to their's and others detriment. Shame on all associated with MST's current and past failings.
  21. dolor

    PPP

    Agree Towie, me thinks Plastic used the wrong mould when manufacturing his last post on PPP. Discedits his biotech babble too. On the other hand PPP have really fallen out of favour with their Vietnam fiasco thru no fault of their own. This is the first time Vn have ever called in their pre-emptive rights on any oil or mineral permit so they were caught on the hop. Seems Vietnam exports to USA have virtually disappeared leaving them scrambling for alternative income opportunities. Consequently the buyers market for PPP has also dried up despite the current and imminent prospectivity in the drilling of the Timor, Vietnam and Tui permits now under way. It may take a positive new find or a T/O suitor to regenerate interest in the stock. We should see a change over coming weeks/months.
  22. dolor

    PPP

    Plastic, would you be able to give some TA projection as to the likely time frame for your 20c prediction for PPP.
  23. dolor

    PPP

    How about trying some fundamental analysis first or you might just discredit the veracity of future postings.
  24. Poor old PCL suffered over the past couple of years, what with Malta, Morocco, Namibia all collapsing prospects and cash in exceedingly short supply despite a couple of SP market offerings. Fortunately, there is now a renewed interest in the kenyan permits L8 and L6. Origin is the operator and if the 3D seismics reveal good drilling targets PCL will be free carried. They won't have the cash to pay even their share of Baniyas drilling in the mid 2010 programme, with barely enough to keep solvent over this period, so must hope for some action in Kenya prior to this for their survival. A takeover is most unlikely given the 30% of capital owned by two of the directors and the possibility of a dramatic 10x share price rise in the advent of even a modest find in either target. This recent surge in share price must be based on these two prospective drills even though both are at least 6 plus months away in any positive timeline development. Is the market maturing with investors taking a longer term view rather than the daytraders short term 'make a quick buck and move on' sentiment? If so we can look to a slow and steady build of share price over the next few months as accumulation proceeds. At around 5c prices the up side is dramatic - the downside negligible, given the time line proximity of company making developments. As always, the patient will win the day.
  25. dolor

    PPP

    Warfie, this is probably a belated but deserved recognition of the balanced portfolio of known oil and gas fields in Australia, NZ and Viet Nam, together with large cash holdings and a sustained income stream. Plus the team is lean and mean preserving cash while awaiting further opportunities for M & A. IMHO it is unlikely that NZO are in pursuit at this time, having defaulted such action 6 months ago when the PPP directors foiled any larger acquisition. More likely this is a broker generated move in anticipation of further drilling around Tui and Viet Nam later in the year, each likely to add further reserves and/or new fields, as well as potential for Corvus as a huge gas resource in the longer term. These oilers don't come much better.
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