Member Info for Ant1986

Thanks, that would be good to know, I've got $75m in my mind for that.

Just remembered the 18th is the date the Air India case is stayed until. News before? Would just about coincidence with an early 2022 return?

Yep, this.

So with drilling success, exploration success and future asset purchase, we should add 40/50/60p a share.

They said Mexico farm out was being agreed during interim call, so that's due very immediately?

There are no fireworks here but it's a very easy to see path with dividends to come.

Essentially it's the £35m to be paid from NS sale, $175m from NS at $70 oil, $20m NS refund and FCF from Egypt.

A few variances between us, you're correct about Egypt, that's my error.

Essentially I could throw a few more numbers at you but we're splitting hairs.

I broadly agree with you.

This doesn't then factor in the $35m, cashflow from Egypt, cashflow from Senegal or cashflow from North Sea.

I think we're still trading below cash. Zero value in SP for assets.

Well that's my point, we don't know it now.

It was...

H1 cash 341

H2 capex (105 full year guidance less 20 H1 capex) (85)

North Sea disposal inflow (as below but 35 is deferred until next year) 152

Egypt acquisition (302)

Egypt debt drawdown 181

Year end cash (before India) 287

Debt drawn (181)

Year end net cash (before India) 106

Not really correct because you're using H1 cash pos, which won't be static because of the North Sea contribution. Also missing several other numbers. And G & A is incorrect. Where are you getting these from? It's clearer in the last Interim statement.

Waiting for the jaws drill and Mexico farm-out - both due before end of year?

The Director sells are fair, hardly AIM crap going on.

Stuck in it? My average is lower than the current SP.

It trades 15 x EBITA now, that's fair? At £10bn it had got too far ahead.

The GQ article is smoke and mirrors because every shareholder up until last week has been toasted. Got to show some fight?

Is THG a fraud and worth even less? I don't think so.

So the institutions are using their go to rags then. Reckon this will explode on Monday, shorts covering and PI's buying the privatisation story.

MM is almost hinting a privatisation and relist in the US.

True or not, it will ingite the SP tomorrow!!

How's that? Every significant shareholder is either at a loss or sold massively. That's disregard, ha-ha! You're talking rubbish.

Yup, quite enjoyed his aggression, basically puffing his chest out and saying it goes private if it carries on. I mean the SEC fined Musk and removed him from post for those comments - will be interesting on Monday 8am!!

Jump over 200p please and on to 210-220p trading range. We're all done down here.

Is through the roof today, almost as much as when the announcement came when we were 122p

A psychological hurdle but as soon as you get the calculator out, it's a different matter - 250p nav without everything included!!

Raise their TP by 6p... ridiculous...what a load of tosh broker ratings are.

I said this a few posts back, but I do see the MM walking this through 200p before announcement and progressively. I cannot see an announcement and 20/30p jump now. It looks even more done and dusted than ever before.

Thanks for the explanation, Basil, good contribution.

It does indeed mean business.

An undertaking is “a promise given by one party to the Court, frequently of mandatory nature and relating to an obligation to the other party in proceedings.” Undertakings are a legally binding promise which carry severe consequences if breached.

It won't have been easy to formulate given the GOI stipulations, but I would indeed expect the process to be expedited now.

That's not to forget that the UK and India are trying to agree a trade agreement this month. The timing of our award will undoubtedly by politically motivated.

Including the new name, ha-ha!

The money will be paid to Cairn by latest end of Jan. Whole scheme from Oct 1st was 120 days, max. Another key word is "expedite" - I would imagine it will be very early 2022.