Member Info for eurofil

Over 10% of shares still in the hands of short trade institutions and time now running out for Petrofac, I wonder how low the share price will be after D4E, no news is very bad news here, tick tock

Ivor

I will get you that dummy to help you when the inevitable crash happens here, I cannot stand it when people cry out loud.

Posted by Ivor, please check back on his posting history to see what a turn coat fake he really is :-

Hi europhil

The fact they have more time to do stuff does not mean they will do it. The urgency is real. My view was and is that they has maybe a week to get sorted or they are bust. My biew is that they are now bust. But, lime I say, miracles happen, aliens might be real and some people might have fairies at the bottom of the garden. But you suddenly levitating is far more likely than Petrofac finding a way back now. Defaulting on debt in business is fatal. Never say never, but not likely now is it?

It’s a simple case of when Ivor u turn shouts buy you should definitely sell and when he screams sell it’s definitely a buy.

Ivor

Dry your eyes I will get you a new dummy out of my profit from my latest petrofac trade, hope that cheers you up.

You have to laugh how some people change like the wind on here, personally I’m now fully out of this with a huge profit and not prepared to take any risk with this.

The best change like the wind post goes to Ivor, here’s a recent post from him:-

If nothing concrete develops before 16th June Petrofac will be bust and the creditors will proceed to wind Petrofac up.

10 days before a wipe out. Sad, but true. I won’t sell but then again I wouldn’t buy either.

The plug will soon be pulled, be warned, I’m out for now so good bye and good luck, your going to need a lot of it.

No Tony and Snapper have just changed to their alto egos until the end of the pump

I agree, no takeover on the table and D4E imminent

People with no logic or intelligence and zero integrity like Tony9999 and snappy snapper hold your dead heads in shame, I’m making lots of money here today, fortune favours the brave.

Taking on another key role in West Africa with the award of a Technical Services Contract by GEPetrol in Equatorial Guinea (https://lnkd.in/e2u6_TuH) is a step forward in our strategy to expand our Asset Solutions business into promising new geographies. Well done to everyone involved in strengthening this partnership and securing the contract (part of the team pictured below).

Looking at the bigger picture, the win also reflects our strategic efforts to grow in areas in which we can drive the most value for our clients. That includes late life asset optimisation.

In Equatorial Guinea we will work with our client and partners to breathe new life into their assets and maximise value. The country is on a mission to build a legacy of energy independence and sustainable economic growth delivered by a fully capable National Oil Company and a skillfull indigenous national workforce. A mission we are proud to support.

Yes the fudmeister crew have all gone very quiet, looking forward to seeing how this plays out.

Check out your previous post below on the 1st May, seems like your posting the most horse dung now:—

Everyone is wrong, why? They know nothing.

Shares will be worthless? No, they are 10 not 3 or 4.

Bond holders are safe? Not likely. Lost 80 -90%.

Creditors are in control? No. The BOD is.

There will never be a takeover? Now THAT is the question.

DYOR. Most of the posts are complete horse. The ones who post the most talk the most horse****!

He posted this on 1st May so who’s he kidding

Unless you actually have inside information it is not insider trading. He could sell. He’s not on the BOD. The report in meed about the Algerian contracts is keeping me from selling. Got a low average as well and can take the loss if I’m wrong. As it stands Petrofac is a going concern with a strong order book, assets to realise and the net additional short term credit is $100 million of credit support. It does seem a given that it is a going concern with a future. The equity will drop more but once the company can focus on trading and profit there is no reason why it cannot return to a market cap of 1 billion in the medium term. Folks buying today are hoping for a takeover but the fact anyone is buying is remarkable. I bought in on a big dip and did so with the view it was a two year punt barring a takeover and expecting a 400% return. I still believe that will happen, barring a takeover of some sort.

Those that throw stones using personal insults demonstrate their immaturity and foolishness, I don’t suffer fools gladly so post reported and hopefully a ban will follow.

New shares to be released soon, think I will wait for the dilution before considering investing here.

In answer to the question as IG will not admit he bottled it an sold out before the suspension, when others are fearful is the simple answer from me, best of luck to all genuine holders and don’t listen to the boiler room antics of some low life posting on here.

Gulf keystone did a similar raise D4E in 2016, it worked out for them and I’m confident it will work out fine here, please check below history:-

13 October 2016

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP", or "the Company")

US$250,000,000 13.0 per cent. Guaranteed Notes due 2017 (ISINs: Regulation S XS1056559245, Rule 144A XS1056559088) (the "Guaranteed Notes")

and

US$325,000,000 6.25 per cent. Convertible Bonds due 2017 (ISIN: XS0841237497, Common Code: 084123749) (the "Convertible Bonds")

Completion of Balance Sheet Restructuring

Gulf Keystone is pleased to announce that the Scheme of Arrangement (the "Scheme") in connection with the Balance Sheet Restructuring Transaction (the "Restructuring") announced on 14 July 2016 became effective today. The expected settlement date for the Scheme is 14 October 2016

Restructuring

The Restructuring involves the implementation of a new capital structure to materially strengthen the Company's balance sheet with a significant debt reduction from over US$600 million to US$100 million through the conversion of over US$500 million of existing debt into equity of the Company by way of the Scheme.

Let me educate you Gary, it’s their hard earned cash.

belonging to or associated with the people or things previously mentioned or easily identified.

"parents are keen to help their children"

2.

used in titles.

"a double portrait of Their Majesties"

Called that one right, new shares issued at 10p then onwards and upwards once back open on the market.