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ARCM Hunter, although TD expects refinancing to be largely completed this qtr, it’s not until 2021 before the bonds are due.

As I think it’s been already said, ARCM may have done all of us shareholders a great favour, by keeping debt reduction a top priority.

I’m only surprised that their was no mention of pmo shopping for N Sea assets, maybe they are teeing that article up for next weekend.

Missing nothing Phil, with Zama sale & another year of debt reduction, it’s highly likely debt will be circa 1.2bn usd by this time next year. Really shoddy paid for journalism, but they have an agenda so the report is massively biased.

Exactly Maestro, I think a little bit of knowledge can be dangerous. I prefer to listen to the expert aka the good Dr.

With all these conspiracy theories about water cut, I’m surprised HUR haven’t diverted shipments to our Aussie cousins.

Irregardless of your point of view viz a viz Iran & Trump, the potus has truly stirred up a venomous hornets nest, every action has a reaction & in my humble opinion higher crude prices are now inevitable. Just glad I’m not Trump, there must be a big, big bullseye on his & his families back, as if he didn’t have enough enemies already.

A good or bad action by Trump depending on your point of view. I think indisputable he & his family will need close protection for an eternity. The mullahs never forget, just ask Rushdie. Unforeseen consequences etc...

It’s well known that arcm failed to disclose their big short until v recently, putting that ‘oversight’ to one side, the big question imo do AMRC have a strong enough balance sheet to withstand the PMO sp upswing. If they were a public company I for one would be shorting the hell out of them. I trust the fca are not asleep & watching AMRC like a hawk & not underestimating their ability to manage their huge gamble.

Good seeing you back on board Owls, fingers crossed this positive momentum keeps rolling up. Also like you glad to see the special one has taken his trolling elsewhere.

Cheers Mrd, hope TLW comes good for you.

Hannon talk about kettle black, for someone who constantly, until very recently incessantly ****ged of ENQ, you’ve got some gall. I think you & your personal troll Davey have plenty in common. Having said that HNY.

Well DNOB that’s a buy when you go careful.

In Agree your brother from I assume a different mother makes Mystic Meg look good.

In the generalised way I often see things, I noticed from oil price site that the USA for the year to date have built just over 3m barrels of crude. In my mind that suggests the market there is just about in balance. If you also consider that;
1/shale appears to be slowing down
2/ Opec have taken a further 500 k off the market
3/ assuming a decline rate of say 3% ( probably higher) 3 m barrels will be coming off the market in 2020
4/ demand for crude in 2020 to increase by 1m barrels daily.
On these basic assumptions (I’m happy to be corrected) the market needs circa 5m barrels a day of new oil just to maintain the status quo. I don’t know where that supply will come from & I haven’t even mentioned the trade deal, which should pump up demand further. For anyone long like me, hopefully our time is well due.

Hope the Telegraph or Times don’t pick ENQ as a buy for 2020... usually the kiss of death.

If PMO follows crude its possible we’ll see a quid before the years out.

Groover check out the Telegraph business page for live Brent prices, currently 67.08

IMO PMO is in great shape & getting stronger. £1.20 cmon not so long ago we were hitting £1.50 & debt was 2.7bn USD. PMO have paid down more debt in the last few years than our capital value. Go figure..

It’s been great seeing the sp hold this week, given the AMRC efforts, like someone else said it feels like a coiled spring. Good news on Zama & our Asian friends will be in trouble.