Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Hold Leni Gas and Edge Resources. Sell Mosman Oil

By James Parter

5 May 2014 20:03

Today I provide you with a triple update. Two companies I recommend that you keep holding are Leni Gas (LGO) and Edge Resources (EDG). I have written about these two beasts on the Shareprophets before and people following up the tip will have already made substantial gains.

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Comments

Jamie

5 May 2014, 20:59

Can you tell me if you were at last nights presentation in Birmingham?
wildrides

6 May 2014, 08:27

please note editors :-
you have incorrectly stated in your RNS summary that the well being drilled has reached target depth . Infact it has not ………they have just got half way and run the first casing to that depth ………… drilling has resumed .
wildrides

6 May 2014, 08:48

P/ s above post refers to LGO
David

6 May 2014, 08:58

There’s so many assumptions in this article it’s embarrassing. For example, regarding the IPO you said ‘It came up £1 million short. Basically, no decent institution wanted the stock which tells us a lot’. If you had spoken to the broker, SI Captial, they will have told you the reason for the difficulties (I’m not spoon feeding you, advise you give them a call). Instead you assumed which is very poor given people will follow your advice. I’m speechless…
Eric

6 May 2014, 09:56

Lol. Reasons for the IPO being a failure are obvious. Nice one David for showing up the bulls to be mindless oafs.

The reasons for the IPO failure is that not enough institutions wanted the stock. Spin it whatever way you like. That is Fact.

Bulls getting angry !
Jamie

6 May 2014, 11:57

Interview below. Make your own mind up.

http://www.proactiveinvestors.co.uk/companies/stocktube/2749/mosman-oil-gas-has-lots-to-enthuse-over-down-under-2749.html

Hopefully the author of this article got his buy in price.
Jungleboy

6 May 2014, 15:20

Calling MSMN 10p ‘fair value’ is insulting and no doubt has cost genuine PI’s significant short term losses today. Hope you are satisfied with the subsequent fall out that has ensued.

Estimates have shown that 5mmbls (equivalent to a ‘few million barrels’ as you stated) would generate 76.2p – which is significantly higher than your ‘fair value’ estimate
David

6 May 2014, 16:32

Eric, James said that the fact the IPO wasn’t 100% successful ‘tells us a lot’… that fact alone doesn’t tell us anything though, as ultimately the reasons why it was unsuccessful that should be concentrated on to make informed decisions. The fact he assumed rather than simply getting on the phone to SI Capital and finding out the actual reasons means people are making investment decisons based up on James’ assumption and lack of research. That in my opinion is why this article is a disgrace.
Toby Powell

6 July 2014, 13:07

Do you think Mosman getting past 30p is still pur fantasy? Ha Ha. Do you even have any clue about oil companies? Oh dear.
James Parter

6 July 2014, 17:14

Lets have a short discussion shall we toby?

Q. Did Mosman hit my 10p target?
A. Yes!

Q. Did Leni gas hit my target?
A. Yes and it went even further. 198% 2 month gain!

Q. Did edge resources hit my target
A. Yes and I suggested taking a 100% 2 month gain!

Thank you for bringing up my excellent calls again Toby. If we ever meet I’ll let you buy me a beer

James P