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Glossary
Reserve Based Lending (RBL)
A type of asset-based lending (ABL) commonly used in the oil and gas sector, reserve based loans are made against, and secured by, an oil and gas field or a portfolio of undeveloped or developed and producing oil and gas assets. The amount of the loan facility available to the borrower is based on the value of the borrower's oil and gas reserves, as adjusted from time to time. The loan facility is repaid using the proceeds from sales in the field or portfolio.
In calculating this amount or borrowing base, the parties consider several factors, including:
The level of reserves, including the amount that is proved or unproved, as assessed by independent experts.
The expected price of oil and gas.
Assumptions about the borrower's operating costs.
Capital expenditures.
For more information on RBLs, see Practice Note, Reserve Based Loans: Issues and Considerations.
For information on ABL, see Practice Note, Asset-Based Lending: Overview.
For more information on the oil and gas loans, see Practice Note, What's Market: Credit Agreements in the Oil & Gas Industry.
END OF DOCUMENT
RESOURCE ID 7-583-2606
© 2021 THOMSON REUTERS. ALL RIGHTS RESERVED.
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Practice note: overview
Asset-Based Lending: Overview • Maintained
Practice notes
Financial Covenants: Project Finance Transactions • Maintained
What's Market: Credit Agreements in the Oil & Gas Industry • Published on 31-Dec-2020
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Good answer Gordon ,hate people who have only 1 post to there name .
Seems so fake !

Who are vidacos nominees ?they are on the share her register as owning half a billion shares in.oilex ?

Always good to have a balanced portfolio .
Gla

I wonder what Mark.bolton is up..to these days ;)

It will get there in the end

I think your right Conger on the 5 bagger theres a lot of money looking for a home in energy lately.
All the banking and insurance stocks coming back to life seems value investing is a thing !
Gla

It's all in here
http://environmentclearance.nic.in/writereaddata/Online/TOR/30_Apr_2019_1445472834VJ36CFW01PFR.pdf

Haven't a clue and anyone who says they do is lying.
Could be done Monday ,could take longer .
Who knows

What do you mean Sam ?

Bought a few Lloyds
Think as intrest rates go up in next few years they might do ok.
;)

Did he oh that's good.

There's huge pressure from the Indian government on E@p companies to get drilling and producing .

https://www.petrowatch.com/synopsis.php?artId=19066&w=1

They are starting to feel the pain of high oil and gas again.

https://auto.economictimes.indiatimes.com/news/oil-and-lubes/opec-ignores-indias-call-saudi-arabia-asks-new-delhi-to-use-cheap-oil-it-bought-last-year-to-cool-prices/81351521

Be nice if we had a good news story for India.

But as we all know with Oilex it's a gamble of the highest order.

Gla

See Oil gonna hit 70 Barrel !

be nice if we could produce some

I wonder if Joe will open up the shut in wells?

?

Gordon

See your Lloyds shares have started moving today !
Give it a few years.might be quids in !

I'm actually quite relaxed waiting now
The fact that it's taking time means they must be doing it properly and to be fair they have been talking with GSPC for a while.
All that money from tech and bubble stocks needs to find a home and it seems oil and gas is back in the picture .
Gla

Here's the bit I was most interested in

The case for the upstream producers is relatively straightforward, especially since Shell and others have signalled that they don't intend to increase production from here on, but rather just to pocket the higher cash flow and use it to reduce debt and keep shareholders happy. Rising bond yields aren't great for majors who have borrowed to get themselves through the last year, but the forces driving yields higher are also ensuring the majors can service that debt more easily.

We have relatively low debt so as to price predictions

Anywhere between .75 and 1p optimistically

.55 to .75 is certainlly achieveable

With the right news 1p to would value us at 40m

Not trying to ramp just trying to lay out a arguement .

Of course it all depends on the deal .

Gla

Wolf
Money is flowing in to.oil and gas stocks
And flowing out of tech .
If Joe can make a deal then who knows .Gas and oil stocks are very hot right now.

Here's an article just written an hour ago

StockBeat: The Sun Also Rises on Oil and Gas Stocks"

https://uk.investing.com/news/stock-market-news/stockbeat-the-sun-also-rises-on-oil-and-gas-stocks-2317898

As I said the winds of fortune are there if Joe can make a fair deal.

We wait and see.

Gla

Got my vacine yesterday.
Astra zen
It was fine .
Gla

If it was tonight or tomorrow that would be amazing timing !
But I doubt we would be that lucky ,ho hum

Same here I'm actually quite realaxed but it would be nice to catch the tail wind that happening in oil sector.