Member Info for D220

So, no RNS this morning; the AGM is at 14.30 today so still a chance of news before then, otherwise I hope any attendees will give the BOD a hard time!

Cheers Joe, hope to hear something later this afternoon!

Anyone on here able to go tomorrow? Would be good to get some feedback if so.

Tardis, Jeremy makes the comment in response to a question in the Q&A at 40.40:
https://www.youtube.com/watch?v=G84W1FwygH8
That was in late March, 6 or so weeks ago. Not what I would consider "imminent"!!!

I am struggling to see how the RNS could have been any better. Maybe no mention of water at all? Or perhaps that the filed test mobilisation has started now rather than waiting to next month...? However, the AGM tomorrow now promises to be interesting. I can't make it but know several on advfn will be going so I expect/hope for good feedback and maybe buying on the strength of it. A re-rate MUST happen at some stage in the next 3 months!

Probably the best RNS TOM have put out and the market decides to sell.......Only 3 months to wait is too much for some it would seem...

Dont know why it is not showing on here but all sounds good to me. Comment by John Potter sums it bup:

"I am very confident that our goals of recovering oil and then developing significant production data, are going to be achieved this summer" :-)

Looks like a bit of a recovery this morning. Maybe, just maybe, the "imminent" news is about to drop...?

Have had a look at Tailwind and they would appear a "good fit" but am not sure what they are worth. Or more to the point, what we would have to pay. I would prefer to acquire undervalued assets being offloaded by majors.

Well, we can just sit back and watch what unfolds knowing that our BOD will their best for us!" (not often you can say that on AIM!).
"The deal is also likely to unlock a multi-billion dollar deluge of North Sea deals in the coming weeks by shaking up the stalemate between buyers and sellers over the value of North Sea fields in an uncertain oil price environment."

Plenty of assets for us to chase by the sounds of it,but not sure which (if any) we would be interested in and whether they would sell piecemeal or "job lot" :-

"In addition to Sir Jim’s pursuit of Chevron’s $2bn sale, French oil company Perenco is hoping to offload around $500m worth of southern North Sea gas fields while French oil major Total has put assets worth around $1.5bn up for sale.
Meanwhile, US oiler Apache hopes to make a $500m exit from the North Sea."

NKOTB, I'm not sure if we would of interest to Ineos but as someone said recently (or might have been advfn), Ineos only buy assets at distressed prices (hence they walked from the Conoco deal, despite losing their multi million "exclusivity" premium). I would worry that they would not pay what we are worth. Might be a starting point to get others to show their hand though...

North Sea deals hotting up...?
https://www.telegraph.co.uk/business/2019/04/18/upstart-scoops-north-sea-oil-fields-2bn-deal-conocophillips/

Telegraph readers pushing this on again? Or trans-atlantic buyers?

I also liked the "catapulted the North Sea lightweight into the top three listed European oil producers" !

Online Telegraph article. Shoulds appear in tomorrow's printed edition.
https://www.telegraph.co.uk/business/2019/04/17/bp-deal-hands-serica-energy-five-fold-surge-profits/

Yes, seems it is just a change in percentage due to dilution. Same again today with Chris Brown....

Not that it matters, but I do wonder why last year they gave a "notice of results" but haven't bepore and are, presumably, not doing so this year?

Re-posted from Tuesday:
Interesting that last year they issued a "notice of results" RNS but did not for at least the previous two years. Given that we are already into April, we are either not getting a "notice" or results are running later than recently. Perhaps counting all that cash is taking longer than they thought!! :-)
Result dates for years:
2017 10/4/18
2016 6/4/17
2015 19/4/16
2014 1/6/15
So could be as late as June.....

So they have off-loaded from 8% to 6.9%. Tax planning maybe?