you mean a refin to push back capital repayments? even refin will incur fees. interest will always have to be paid. the bank is not a charity and will ask for higher interest etc.
would still like the number of shares half. 606 million shares at 40p would be better. consolidation would help, or authorise a buyback programme over the next two years (since the drilling is covered).
i know!! i was being conservative (but not quite tory). I was also using a forward multiple of 8. Recalculate with 10 and keep £25 pbo then we only need 22.6K bopd to justify £2 a share.
200p x 1,213,210,000 shares = m/c of £2.43 Bn. / by conserv. ratio of 8 = £303,302,500 million. / say £25 net back per barrel of oil = 12,132,100 barrels / 365 = 33,238 bopd.
worth watching the PL interview with Malcy a few months back.
Also, as stated anumber of times, recall that PCC board invited (and paid for) sharheolders to meet them in London to discuss the company and its future. I mean, what a nice thing to do.