Member Info for CitizenTS

If/when PMO complete N Sea oil deal their enhanced cash flow means SL gets done.
They've said, selling Zama find and keeping SL.
It's 250million barrels, $7 per barrel capital costs (say $8 with interest to first oil given spend profile) and they've said $14 lifting costs (leads now).
Royalties etc tbc.
That's why it gets done.
Even old Fatstone probably agrees really.

Indeed!
ARCM co-opted as a supporter

Big step for PMO this morning
ARCM out of the way

Thanks ralphski for pretty much confirming that you, and most likely Fatstone, are mentally ex shareholders. - "left part of an original SL holding in".
Hopefully the admission serves a cathartic purpose for you and we won't have to host an ex shareholders' therapy session on here for a little while.
Politics have never been better re UKEF (not just a decent conservative majority)
Oil still around $40
Any help from FIG, and it's right to expect some, would push 'breakeven' below the previously stated $40.
Breakeven includes a very hefty implicit return to equity anyway in light of risked discount rates which heavily exceed actual interest costs (the difference all goes shareholders).
Give it a while and PMOs N Sea transaction should all shake down into place.
Think about it ... and today's share price

Ha!
So there we see it, just in case anyone was fooled into thinking these guys were offering comment worth listening to ...

Wow, these guys think their fixation on matters from years ago and their inability to engage with the world around them in the form of current share prices and current developments means they're the only guys marching in step!
I will leave them to conduct their therapy session with each other.

Meanwhile, back on planet earth, price of oil is still $39-40 awaiting next moves. Russian oil minister Novak says world oil market in shortage for July, we're awaiting PMO progress on N Sea transaction, and FIG will have to decide what to do if they realistically want to be in the oil business. How about some discussion on these subjects.
This board is dead if it is left to focuses on 'facts of the matter' that were old hat five years ago.
It needs to focus on facts THAT matter.

Fuddstone, your 'facts of the matter' are simply the facts you're fixated on from years ago and usually ignore some quite relevant factors like errr ... the current share price!
Your posts are just an ex-shareholders' therapy session.

Fuddstone, your 'facts of the matter' are just the facts you're.fixated on from years ago and usually some quote relevant factors like errr ... the current share price!
Your posts are just an ex-shareholders' therapy session.

So there we have it - ralphski still, as he says, "holds some" and fuddstone is still "a shareholder".
They're both mostly out and of course happy to justify their position with incessant trolling.
Ralphsky and fuddstone are compete busted flushes with no credibility
They're just treating us to a view of an ex shareholders therapy session.
It should be seen for what it is.

Fuddstone, are you in the ex shareholder only look backwards camp?

Complaints about management usually include, along with remuneration, them losing control of the project. Odd one that as we are indeed very fortunate that's what has happened.
Fortunately we should have no technical difficulties as it's all just a re-heat of Premier's extremely successful Catcher format, with the same contractors now as well.
Financing is the thing of course. Need to wait for PMOs North Sea deal to be sorted but a lot of the rest is falling into place as long as FIG play ball on royalties to get get the breakeven price down.

Oh, and fyi cyan's a fully paid member of the ex shareholders' therapy session.
Poor sod still finds himself visiting this site.

Jacksdad - a post office account is just about all ralphski has - he's furloughed and expects to lose his job soon.
Along with a few others on here he's mostly or completely been shaken out of this stock on the way down.
They all ***** to each other wishing bad things on everyone to convince themselves it's ok none of them have had the b*lls to get back in.
May have noticed.
Sometimes 'fraid we have to tolerate this ex-shareholders' therapy session on here!

Brent over $40 overnight/Asia

My thoughts are that getpoo is largely out of this stock, or maybe is completely out. Shaken out on the way down, like godawful and a few others on here that were quiet yesterday
Starting from a share price around these levels there is are long lists, others have posted, of things that might be going right.

But these guys still find themselves visiting this site and wishing bad things for all.
Pathetic really getpoo.

I'll say that won't happen

Latest little advance after someone sold 325k at 7.99 and seems to have been gobbled up.

ralphski, you still banging your head against the wall at this time
Wanna tell us some more about past share prices eh?

I've said a few times now that I couldn't begin to defend directors' remuneration at rkh but this site is a discussion board for the shares of rkh. To serve that purpose it would have to be more forward looking than the therapy sessions that several damaged profiles treat it as.
Ok so uphimself , ralphski, godawfulski and others have been badly damaged but I'm afraid we're interested in the likely future share price and what will drive that. These guys are so trapped by their past they can't get a way from it and think its the only thing that matters. They only ever talk about current and past share prices. It would take more than me to release them from mental jail, and they sound like they're in for a life sentence anyway so lets leave them there
Meanwhile, on planet earth, we're looking at $37 oil as I write.
FIG likely to play ball on helping when the time comes - and the stated project breakeven cost of $40 a barrel includes costs that must provide some scope to come down a little in current conditions. In addition it includes at $10 or so of royalties to FIG.
Plus PMO are progressing with sorting their North Sea acquisition and associated financing which would move them further on with deleveraging.
And the politics around UKEF and FI oil have never been better.
O Mare is also there.
We're still in the game with 30% of a 250 million barrels phase 1, circa 500 million barrels including phase 2 and exploration potential.
Really, for those not jailed by their past, it is quite an intriguing few months to come.

Strident reactions here - all part of the grieving process for a lot of these guys for their rkh holding.
I think the the psychologists would say that anger is followed by acceptance.
But it must be galling to have been in and positive higher up and then being mentally unable to do anything at or near the bottom, whilst for many of these guys they're actually out of the stock for the most part, or even altogether.
Find themselves still visiting this site wishing things go wrong.
I'll just say that FIG are likely to at ball in some way or other to help get this going, that the politics vis a vis UKEF have never been better, and that PMO are on their way to sorting their N Sea acquisitions and associated financing.
Intriguing few months ahead
Let's see.