Member Info for cperkin

JnJ Frank, traded a few NCYT, crazy valuation for £3.5 mill of sales.

Not many "safe havens" in this market, although my defensive main markets Medical device/consumer and Tech stocks are all ok.

Wish I could say the same for O&G stocks, unfortunately some of the worst hit thus far.

Also wondering what is happening with the "Scheduled Gov meeting" and the review of the $6.7 million the Gov owe the JV?

I think the Zubairs like the asset very much, they purchased almost 30% of AEX and then made the $40 million offer for 50% with an estimated investment spend of $107 million.

They have committed 100's of millions $ to the project, so yes I think they want if badly, how badly is the question, more than the $40 million current offer equivalent?

Cash equivalent read across Neil.

You even posted the same Today 17:04 "there is a reason Ruvuma is only worth $20 million" unless you were lying?

Wrong Neil, the current offer is $40 million to minimum production of 40 million Scuffs with any remaining being paid in cash, so a cash equivalent offer in fact.

Mind you IF it's capable of the forecast production rate of 47 million scuffs per day then it would be worth the Bod looking at as a non producing upside asset.

Exactly what I have been saying Neil, you say Zero, I say peer comparison minimum of $20 million.

Seems we finally agree on something m8'y

Might be worth the Bod looking at for a knock down price in the current market, very small BCF compared to Tanzania at around 10% of the size of Ruvuma gross.

Not relevant to Tanzanian gas, fixed price contracts linked to any rise in the US consumer price index.

Europe gas price forecast for the next two years is low compared with historical prices, might provide the bod to pick up North sea assets at knock down prices of course.

Impossible to discuss the share on this BB due to one poster it seems

The offer from the Omani's is $40 million for 50% of Ruvuma, thus $20 million for 25%.

Prove otherwise.

Neil, just proving that a little information a share is dangerous, I know little about pmg other than the assets are about the 10th the size of Ruvuma in BCF and I am sure solo would not be interested at all, whilst your knowledge of solo seems equally inadequate with the Guff you post.

You are right though it's for the pmg board, I am sure with another 5 mins research I could post all sorts of seeming credible half truths Neil.

;)

Well AA struck a tone and your were clearly very vocal about something so I thought I would take a look.

PMG could be a takeover target for the solo bod with North sea assets low and about to go even lower, £32 million is less than the last deal they were looking at and it PMG is likely to fall much further with Europes Covid19 pandemic and the huge drop in Nat gas prices.

Glad you think pmg is safe and GL. Large gas asset here with very high upside potential based on the Geology and all cheap on shore development with a stable long term fixed price, almost the opposite to pmg where the price is volatile and falling and expensive off shore development.

Politics is slow but that's about it.

Neil, any offer will be contingent just like the current offer of $40 million for 50% from the Arabs. The asset is only formally for sale as of some time this week as per the last RNS, struggling before it's up for sale is just more sensationalism on your part a bit like your CV reference.

Now Gas assets in the North sea must be suffering from the fall in price and the Pandemic effects of Covid19 in Europe, matches PMG perfectly, I should be more worried about going all in there as you say you are.

Sit it out if they have to, but I think they will need the gas when the rain stops in Tanzania.

Haha £5 million when there is a £15 million offer already on the table @ AEX for 25%. Remind me to buy a car from you so I can undercut the price.

It seems delusional to expect the shareholders would vote for anything less than the base offer of $20 million for 25% and I am not convinced that shareholders would even accept that offer anyway and they get to vote after all.

A partial sale and carry to production would be more interesting imo, otherwise just reduce G&A and ride it out.

CV19 going to hurt Oil stocks and the UK more than Tanzania & fixed gas domestic price imo.

The company could potentially need financing before Jan 2021 if, the licence is issued or the BOD close a deal. They would not to for KN-1 as the money already owed for gas delivered would pay for it anyway.

Just like Wen etc gas is sold under fixed price contracts that provide for price escalations based on the US consumer price index and are not impacted by the Oil price or the Nat gas price.

Not that any is being sold & AEX have not been paid the $6.7 million owed for gas already sold.

Progressive forward thinking Gov?

opposite, just use the filter, we have covered all this ground with Kejoglo multiple times. When he/she is invested they keep quiet, when they have sold they write that the SP is going down, down down etc

You are wasting your time.

A deal and another suspension right now in this market would be good joel!

Stop loss hunt is on across the board pretty much.