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New World Oil & Gas: More proof Chris Oil is a fork-tongued liar

By Ben Turney | Wednesday 22 July 2015

Disclosure: I own shares in one or more of the stocks mentioned. 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.

This morning’s RNS from New World Oil & Gas (NEW) proved once again what a fork-tongued liar Chris Oil is. At some point we will probably get bored of running pieces about our favourite market abuser, but the latest cack-handed deception is worth a quick mention.

On Sunday, Tom demolished Mr Oil’s latest drivel about New World. Good old Chris had faithfully tried to assure us what a stellar buy New World is and that he could see it “at least tripling with existing managemant delivering on there full year results promises in the short term”.

What guff!

Before the spelling and grammar police highlight Chris’ misspelling of “management” and incorrect use of the word “there”, perhaps we should first consider why, if Oily Chris really believed what he wrote, didn’t he buy stock in New World’s open offer?

As I exclusively revealed a short while ago, Chris’ Mum’s broker, Alliance Trust Savings, has ended up accidentally purchasing a 13.25% stake in New World. It failed to submit a lapsing instruction on Chris’ Mum’s behalf for her CREST entitlement to participate in the open offer, by right of her holding so much unsettled stock. Remember her son is the genius “multi-millionaire City trader” who “accidentally” bought nearly half of the company using her pension!

Oh, how the good people at Alliance Trust must rejoice at having the Williams as their clients.

Although this latest slip-up isn’t Chris Oil’s fault, it does confirm that he didn’t buy any more stock in a company, which he claims is going to triple within months. If he really thought that he would have bought more. He did not. Next announcement? He is selling?

Perhaps this is one for Zak Mir to take up on Tips TV?

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  1. A post in the Ithaca bb on ADVFN confirms more fibs:

    22 Jul’15 – 14:46 – 17328 of 17328 0 0

    I just had to comment on this tweeting exchange today. Chrisoil bragged that he bought from 27p; remember that video?
    The truth is he recommended and started buying at 40p. The price then slumped before recovery. Its all positive spinning where Chris is involved. The truth is no quite so straight forward.

    Limpet Teeth ‏@Derckiness 4h4 hours ago

    @sharemyadvice Friday, 13 March 2015 Ithaca Energy Chris Oil Buying Heavy 500% return… Yeah right! Now I’m worried if he’s ramping #MXO

    /WShafs” ⦁ WS ‏@WShafs ⦁ 4 hrs4 hours ago ⦁ @Derckiness ⦁ @sharemyadvice
    To be fair to Chris Oil ITHACA ENERGY ⦁ #IAE is up some 70% from March lows so not a bad call from ⦁ @chrisoil ⦁ #MXO

    /Alexios1201 ⦁ ALX.L bluffs+tips ‏@Alexios1201 ⦁ 55m55 minutes ago ⦁

    @WShafs ⦁ @sharemyadvice ⦁ @Derckiness ⦁ @chrisoil
    IAE was a slam dunk LONG at 30p and under where Chris loaded up Kudos

    ITHACA – North Sea Oil – IAE
    silkywhite – 16 Mar 2015 – 20:28:38 – 16691 of 17328
    I just don’t understand how chrisoil can get this so badly wrong. Ive just read his blog site and he was buying HEAVILY into this stock at the 40p area and talking about a 500% return. The bear market in oil is making fools of a lot of people. Only the shrewd will survive this.

    ITHACA – North Sea Oil – IAE
    CHRISOIL TWITTER – 09 Mar 2015 – 16:00:40 – 16465 of 17328
    kiwi yes i recall encore 1000% return for me you sold 40p well done. The tech bottom of 36p is coming up.

    Anybody would think i bought at 65p not 40p in IAE still adding. Never mind Ek, Paul Curtis, Jub are all such contrarian investors thats why we have millions .

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