The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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My sauce (hp) tells me after share holder outrage on lse at the low offer BP have raised it to 19.1bn.....
With the EU rejecting bojos Brexit plan maybe having FRR shares was plan B.
Now now
https://youtu.be/t7VtdP_RG_8
Can't say too much Shaf, but the missing Billions of shares are owned by Tory maverick BoJo...
Shiite just got seeeeerious bro..
Zib just amending madpunters calculations, could you tell me what percentage is the 19b of the overall buyout ? Cheers bro
Zib 2mro will be 2 weeks, 4 weeks left for the big news.
Thanks zib , your source is good enough for me lol
19 Billion? Utter tosh. Its more than that.
Another anti climax...just lolzzz. 19b did seem a bit on the low side..tomorrow someone will say more and then we can amend the calculations.
Choose your words carefully on here Dr Jekyll. Or rather don’t be such a spanner!!!!!!! Look at the beautiful chaos you have caused.
I have a strong feeling something very good is happening in Block12. 1)Dolphin tender delayed for another 120 days. 2) No news/challenge on the DOS. 3) Moldovans still clinging on with FRR. Maybe its the Mega BP deal that has glued everything together!!!!!
Jekyll has already pointed out that his comment at 8.02 (that started all this nonsense) was a 'joke'. It has also already been pointed out by various sensible people that it was a remarkably stupid 'joke'. Why are we still wasting time on it?
The 19billion was a joke...
Has been mentioned 1yr NDA agreement, is coming to an end.
Why are people so worked up on it just because a random poster posted a one liner about a buyout
How reliable is this 19b source? Does this tie in with what zib knows? Zib please comment.
GLA
Gipps51 - If the $19bn is true, then we are near the 3%, which would be around $48bn ( 3 x $16bn). The GG gets 51% of the oil and there's the 5% royalty in FRCC to consider. The $19bn would equate to FRR's 49% share, therefore 100% = $38.7755bn (but not including the 5% royalty). The $38.7755bn is for only 95% of Block 12, which equates to a value of $40.8163 for the whole of Block 12.
BP can't they are in a nda agreement lol
Interestingly; as yet BP have not issued a statement refuting this possible offer......let’s see what tomorrow brings.......
Lol, lol, lol
This time tomorrow Rodney...... more lol....
Apparently it was decided today we are all going to be rich. Although I still bought a lottery ticket tonight just in case.
Have I missed something. One day not looking at board cos my dad in coronary care - now I see I’m at least a millionaire and I’m In danger of heading off to coronary care myself!! Is this to do with Boris?!?
I think I enjoy Madpunters calculation posts more than anyone else's. No offence meant !
On shore, $12 per barrel extraction costs and with the oil price the way it is I would think we would be nearer 3% buyout than 1%.
AJW - $19bn = £15.2704bn using today's rate of 1 GBP = 1.24424 USD or 1 USD = 0.803706 GBP.
Therefore, with 15,760,835,403 shares = a share price of 96.888p. Plenty for a special dividend, leaving enough to drill Moldova and Ukraine, assuming FRR win the tender.
https://www.xe.com/currencyconverter/convert/?Amount=19&From=USD&To=GBP
Sorry, the last part of the 17:36 post should read :-
Therefore, the 5% royalty = (667.5 x 5/100 = 33.375)Mbls/y x $60/bbl = $2002.5m. After deducting the GG's 51%, FRR would receive $981.225m, which is £788.337m at todays exchange rate of 1GBP = 1.24468USD. This equates to a dividend of 5p with 15.76bn shares.
Gipps51 - That's from the CPR. There's been plenty of work since and it would have cost money to have another CPR. Remember Zaza stated we have 202TCF of gas and 18MMbbls of oil and the super majors think we have more. The Eldari B proves we have more, as I don't think that was included in the CPR.