Member Info for buzzthomas

Wrong. The merger must have Mexican approval because Zama is included in the deal. It's a legal prospectus and will have to be amended if Mexico does not approve.

No merger without Mexican consent.

Sealion & Isobel. 2bn bbs OIP

Oil at $63. No more cheap NS assets. Sealion back in play. Sealion & Israel 2bbbls OIP. What's not to like.

Zama is a disaster.

Mexico playing hardball over unitization. No consent to merger.

I think it's going to look pretty bad if the UK gov doesn't support investment in the FI due to Aregentine agression. Capitulate UK.

Good find Mogger. So it looks like no application has yet been made to UKEF. I'm guessing Harbour will need to make an application ASAP upon completion of the merger. I don't understand why an application can't be made now by RKH to lend support to potential partners since PMO are in the middle of an exhasutive takeover.

The more I think about it the more convinced I am UKEF will lend support and view Sealion a special case. Argentina have been an agressor and bully to the Falklands especially in regard to oil resources. Will Boris and UKEF really turn their backs on the Falkland Islanders and let Aregntina have won through bullying and intimidation?

We just need Boris/UKEF to approve Sealing as a special case because Argentina are obstructing banks and business from dealing with us.

Enquest buying 10k UKNS production form Suncor. 18m reserves $325~$375

Makes Sealion look good , no?

I don't have it anymore but FOGL had a 3D survey showing prospective oil resources of many billions OIP. They had about 20 different structures.

It looks like the shorts have already started to close their positions. They are scared and rightly so.

I can see Mexico putting pressure on PMO to accept their unitization of Zama otherwise...........

The shorts have this until the merger completes. I doubt II's will be allowed to touch this until completion. Execution risk remains high due to Mexico too.

Either way this is creating a pretty obvious buying opportunity especially given the strength of Brent.
-------------------------
Not if the merger fails to go through.

Are Mexico going to play fair in giving consent to the anti-trust regulatory approval? If they stall the approval, PMO's merger cannot proceed and PMO will default by May 2021. Mexixo could buy Zama from the asset sale and RKH would gain 100% Sealion. I'm sure RKH wouldthen be far more valuable than todays market cap.

Mexico prohibit Pemex from sharing risk by partnering with companies in exploration and production.

From F.T yesterday

I doubt the merger can go ahead without consent from Mexico becasue the prospectus is a legal document and will have to be amended and voted on again. I'm sure Chrysaor will also want to reduce the value of the deal to.

Without Mexico consent the meger is bust.