Member Info for BlooBird

Surely it would have been a lot better to pay the tax and keep the carry.

If ARCM were hiding their shorting activity, how do we know they are not hiding their 'un-shorting' ?

Something stinks here … I obviously haven't been paying attention, but how can $750,000,000 carry just disappear and yet PMO still holds major share of Sea Lion.
Also Navitas seems to be getting a hell of a good deal while RKH is getting screwed.
I hope I'm wrong on this and really it's just poor communication that's causing my concern.

A couple of posters have suggested that the carry from PMO is no longer there whereas the RNS states :-
"Rockhopper said its costs for the first phase of development, not met by senior debt, would be met by a combination of carry and loans from Premier and Navitas from 1 January to completion, estimated between nine and 12 months after first oil."
But it IS rather vague as to how much is carry and how much is a loan.

Navitas is up over 10% on Tel Aviv stock market at present so Israelis must think it's a pretty good deal.
https://www.tase.co.il/en/market_data/security/01141969/major_data

daltry You are correct … sorry.
Should have been addressed to Biffadog.

p.s. I was referring to coning in general ... I definitely don't think that HUR has any such problem.

daltry
Can you explain why you think that coning can be solved by shutting in the well for a period of time …. surely once pumping starts again you'll be back where you started unless something else has changed.

It looked like RKH was taking off. after it opened @ 16.00p on Friday morning, but on closer look it was only for 1 share.
Someone playing silly b*ggers trying to manipulate the share price ?

Time / date Buy / sell Volume Price Value
08:05 03/01 Buy 1 16.00p £0.16

Adoubleuk … you say

"This is a premium-quality (reflected in price) light oil, comparable to Brent, the 'benchmark' for such high-quality crudes. As distinct from another benchmark, WTI (West Texas Intermediate) which is heavier."

But the following says that WTI is slightly lighter than Brent
http://petroleum.co.uk/benchmarks

Taverham ... You are right. I hadn't noticed the 2017 date.
But what concerned me was the following comment.
" In Scotland, over two billion litres of pot ale is produced each year, along with three-quarters-of-a-million tonnes of draff,’ Tangney says. Currently, much of this waste is dumped into the sea, where strong currents carry it elsewhere,"

Forget about Hydrogen or electricity … the Scots are going to be running their cars on whiskey !

https://www.autoexpress.co.uk/car-news/96327/could-whisky-be-the-car-fuel-of-the-future

Anyone looking for something to read, on this quiet Sunday afternoon, may find this report to be quite interesting.
https://oilandgasuk.co.uk/wp-content/uploads/2019/09/Economic-Report-2019-OGUK.pdf

Genghis15
Both our links are correct … but for different weeks.

Genghis15 Rigs were down last week.
https://bakerhughesrigcount.gcs-web.com/rig-count-overview?c=79687&p=irol-rigcountsoverview

littlened "Is there any relevance to HUR ? "
Yes … affects the price of oil which in turn affects HUR free cash flow.

Very impressed by PMO presentation.
PMO really starting to fire on all cylinders … great news for RKH.
RKH current Market value is about $94 million.
PMO reckons Sea Lion free cash flow will reach $1.5 billion ,,, RKH's share will be about $600 million.
So RKH market value is less than 1/6th of projected free cash flow !
Once financing is announced, RKH should take off.

p.s. Could someone check my maths and correct me if I'm wrong.

chablard
At this very moment, Wind power is supplying 10.49GW (28.01%) to the national grid.
http://www.gridwatch.templar.co.uk/

Oil draw figures are pointless unless they also quote Imports.
Last week the inventory build was mainly caused by a jump in imports.

Kilgeever
This graph seems to enforce what you say about being held at 93p

https://www.telegraph.co.uk/markets-hub/share/S1569/PMO/PremierOil

DSNO this is what I got

"500 Internal Server Error"