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Telegraph article re refinancing maybe have a negative effect. IMO same old stuff, but I guess a bit unsettling for weak holders.

Jadam, your so right about this social media battle, oh for the good old days of British bulldog.

It’s a good question Grippa, but the terms under the new refinancing will relax what big Tone can do, maybe divi’s will be possible sooner than expected. Check out the recent updates on the pmo site, where you can read upon it.

Refinancing will ease restrictions, not sure if dividends allowed, but easing is still a positive.

Maybe a ‘clerical ‘ error if you believe that one bladesman. .

When China is back online demand will up by 3m bopd

Unfortunately,bladesman the sp doesn’t go up in a straight line.... yet.

When production is confirmed at 20k with much more to come, no more than an aspiration a short time ago, I think the sp will be back to reality.

Not unreasonable to be targeting 60-65 in the short term.

Bp p/e in excess of 30. Impossible, I don’t think so....

To continue higher crude good for US trade balance, not so good for the red necks in their gas guzzling suvs. Depends on which is more important to the genius businessman that Trump calls himself.

Off topic, but I wonder if the penny is beginning to drop with Trump, that as the US is now a significant oil exporter higher crude prices maybe good for his economy?

Are the stars aligning Emerald?

Likewise olly Gill a lazy telegraph hack. The rubbish he spewed about PMO was embarrassing, basic facts wrong & confusing dollars with sterling etc. I reckon he was being fed biased info from a ‘source ‘. It’s sad when broadsheet journalists can’t be believed.

Wellwell, to clarify not dspp, but PMO suffered a similar attack from posters determined to undermine the sp. As soon as the price started to rise, they disappeared. It’s not unlike what’s happened here to date.

Plebeens history never repeats itself exactly, but some of the same ingredients are in the PMO pot as with previous examples of shorts going wrong. I think the next few weeks are going to be fun for LT holders..

Thanks for that AD, IMO it’s sometimes easy to not be able to see the wood from the trees. HUR have proved their is oil in place, it’s just a question of how much & imo they are more than capable of managing the inevitable engineering/geological hurdles.

Taverham isn’t it reassuring to know that the new governor of the Bank of England previously headed up the FCA. ?

Thanks for that JW, it helps explain why the sp was held down in the 70’s . I dare say goldmansucks were an undercover concert party, creaming off fees, but smart to avoid shorting themselves.

AD/well well & other more learned gentlemen than myself, surely it’s indisputable that HUR are sitting on a mega oil field.. The flow rates of Lancaster matched Saudi fields & Lincoln crest flowed commercially. You may question WW, but even that flowed at around 3.5k. My point is that even if Lancaster is flowing wetter than expected (as some have vociferously pointed out ), surely this is missing the fundamental point that HUR have oil in place & the current flow rates are still better than HUR’s base case.

Given the indisputable fact that there is oil in place & currently flowing at 20,000 bopd, surely & I speak as a non oily, that HUR are more than capable of mitigating & I dare say have already anticipated any hurdles. Comments more than welcome.