Member Info for Bladesman

Wow, I didn't know the price of oil went up when there is shortage of crude. Heaven knows what the price of oil will be if there is a shortage of oil. Life is full of surprises!

Rocky, don t flatter yourself by thinking we are being played. Our cumulative no of shares adds up to diddly squat compared to18.5bn in issue , so there's nothing to play with. Blame something else, like er, share consolidation......and the uncertainty that presents

Max, be carefull as there 2 things going on with the consolidation and trading update on 23 june. No one knows how the trading update will affect the sp, however consolidation will increase the sp by 20 , all things being equal. Unfortunately, allthings are not equal . So, to quote our sage sk, its smoke and mirrors. Anyones guess really, except dnbos guess, who is er , bonkers ( probably )

Woof woof, is all I can say.

Woof woof, is all I can say.

Walking backwards, can we apply that to buying shares ? Would be good to be able to prove I bought a shed load at 11p, honest guvnor !

Phew,Noddy Holder that'll be fine, no controversy there, the 70's were when anything goes. Apart from Gary Gillter who was bad , v bad. Looks like were getting in gear now in the lead up to consolidation day. Bring it on. Cum on feel the noise !

SK in these politically incorrect times, you cant make references to Noddy anymore. Noddy was labelled a homosexual misogynist and a ******, and cast into political exile in Nov 1999 which is a bit strong given he was a cartoon character. And, it seems, you cant have a picture of HM queen on your wall anymore, who is not a cartoon character. Strange times.

"Under the terms of our banking arrangements, we have to hedge at least 50% of our production in year 1, 40% in year 2 and 30% in year 3. We have flexibility as to whether we hedge oil or gas which means that if gas prices are strong then we can look to lock those in and vice a versa. Hence for 2023, we have material gas hedging in place but nothing on the oil side."
My take on this is that hbr will be benefit strongly from recovery of oil price and the expected continuing rise. Good luck all.

It will be over 25p after 23 june, not before.

I wish I had a pound for each t ime I have read on this board it's like a coiled spring ! Can some one please get a round of viagras in before the date moves on or changes her mind and we have a lost the opportunity !

Tiddles on toast, no thanks !

When I say cook the books, I dont mean manipulate the figures ( obviously) I mean make them really really tasty !

No, cook the books !

Supplementary prospectus in 31 mar says 74 % of oil production in 2021 hedged at 58 dollars but that related to Crysoar only. No mention of pmo hedging. So let's hope td was asleep at the wheel and forgot to hedge as he had arcm round his neck and all of pmo production is at market prices. Let's see on june 23

Hydrades did day 75 per cent , or so, so hedged his bets, forgive the pun . What's 25 per cent between friends ?

I think as we get closer to update on 23 June. Should lift the spirits of posters on this board and hopefully the tone, as posts descended to somewhat poor taste last week and over the week end. Gla.

Rocky Lee, are you suggesting it's a leak of bad news that is depressing the sp ? Surely not, as insider dealing is illegal, isn't it ?

until 23 June, it seems. As pointed out the volume is too low for there to have been v much institutional buying, so lets hope they have their war chest ready, post update on 23, to buy in large swathes , and no willing sellers more importantly

If patience could be measured, I wonder what the scale would be. Whatever, hbr ( nee pmo ) would be off the scale , in a bad way. ;-(