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Just to add I don't think it will change but for potential investors, it's still a risk. Might they wait until they see the makeup of new government if they only have a matter of months to wait?
Given that we are looking at a general election in the new year, most likely Q1, what's to stop the next government amending that for better or worse? I don't think it's set in stone.
Sankeys - Tullow definitely pay commitment fees and maybe even undrawn LP fees on the 1bln facility so it costs them. The big issue with Tullow is generating enough income to service debt so therfore I include it in my calculations.
People abusing Neil for posting pessimistic views about tullow and Bulent, that MRD lad and others constantly posting pie in the sky stuff and no one says a word!
MRD once said that 1bln committed facilty or head room doesn't count as debt!
I've seen it all now! Manyana sounding cautious and pessimistic! That's me selling first thing Monday! : )
McCoss had to resign because of the collapse of Tullow share price. Why would he have to then resign from a NED on PVR? The two are not connected! Maybe I'm missing your point?
Don't mind Bulant Steve. He is one of these people constantly posting "this will be £1 by the end of the day" merchants who triggers whenever someone offers a contrary view. Your thesis sounds good for a new beginner. Good luck!