Member Info for burnwell

Sealion, In normal times this would be a no, but in todays world it is possible, RKH to explore with the Falklands whether if the opportunity arose to borrow from the Uk funding to move the project forward. On the basis, RKH stake 30% with a free
run up to production and appointed project operators. The Falklands will then own 70% of Sealion. The benefit to the islanders would be immense. Navitas will drive a hard bargain,Harbour the same they acquired Premier oil for cherry bobs. If RKH think there is a possibility of discussions on this with both governments they should be on the phone today. In the general scheme of things, UK has spent more on Covid personal protection equipment that can not be used.

If the news we are expecting is negative, Time to have a rethink of the funding for

In the not too distant future a share buybacks would be a good thing to do, too many shares in circulation

At oil prices around the $40 per barrel PO can easily pay the 8.5 % interest it incurred from lenders.
A good rate of return for their loans, where can they get that rate of return elsewhere without incurring a much higher risk level ?
Tolmount after a lot of capital expenditure is not too far off from pay back time, revenue to help pay off debt .

All changes if oil dips below PO break even. Should we get through this difficulty and board don't learn from their actions of putting the company at risk, it will be time for them to go.

Spot on Thissen on your price forecast for the PMO share price for close of play Friday.
What is your opinion on the weekly Tolemont revenue on the startup of production.

Next step.PMO to offer a 1 for 3 **************, sounds expensive at today's share price.In a few
weeks time it will be seen as a bargain.
If it happens, PMO acquires 30% of S/L for a quarter of the price PMO expect to receive for the sale of Zama. How good would that be.?

Ros 1 Do you know the maths to put a value on 17 Kboepd of gas.

Gentlemen,you are slow today. From the film Proof Of Life Russell Crowe stated "Give me A NUMBER TO WORK WITH". If Rockhopper share holders receive 1 PMO share for 2 RKH shares it would be a way forward to
achieve the goal of developing Sea Lion and they would still be part of the action and share the rewards that go with it.
I would go for it. Mmmm, if I paid £5 for Shares in Rockhopper It would be a tough choice?

If oil remains at the current price, every day that goes by PMO pay a lump off the debt.
We have to think of the situation 18 months from now.

If PMO could take out Rockhopper for £200mil paid in PMO shares it would be a very good deal. Somehow I think
Rockhopper investors would want a better deal than £200mil.
But you will never know until PMO try it.
To own 100% of Sea Lion what would the ratio of PMO shares would you offer for Rockhopper shares?
I think an offer will be on the table to RKH very soon. Is there anything in the rules stopping PMO from buying in the
market NOW?