Member Info for fecm

but in an attempt to keep a balance of positive and negative issues on this board....

https://eutoday.net/news/environment/2019/mps-make-unprecedented-call-for-end-to-uk-governments-overseas-fossil-fuel-support

Lets hope our application is approved before the above gains traction otherwise Premier could be taking the begging bowl elsewhere.

Carrot, Sea Lion is profitable at $50 so your prediction makes no sense.

sabyam, the discussion was about the PIM submission not being RNS'd.

Hi LTT. I don't think we know if the PIM has been submitted yet however PMO stated it would be done in Q2, which ends in approx 3 weeks time. Not sure PMO would need to RNS this so I think the first we might hear would be in their next trading update which I think is in July.

"no i cannot give detail on the date for the news to hit the market"

specul8, your last post implies that you know a bit more about the timing of upcoming events than the rest of us?

Now thats a post that gives Nigoil a run for his money specul8! :) Sincerly hope you are correct about the funding, share price prediction would be a bonus. Could you confirm this is just your gut feeling and not based on any other info you may have?
Thanks.

Yet again, great find Mogger. Superb.

Excellent find and post Mogger, as ever.

Thanks for bringing some normality back to the board.

The application to UKEF is reported in officially released documentation from PMO to be taking place in Q2. Q2 ends in 25 days therefore it will be this month unless an official statement is released by the company. How could you expect TD to provide an exact date for this action? Not like he's putting a date in his diary for his summer hols. How can they be taking the micky when their declared timeframe hasn't even expired yet?

*strong sell stance

Hi Peepo and welcome. Probably best to direct your OGA observation to the folk over on the PMO board. Regarding Sea Lion funding, the application to UKEF is expected to take place this month (no official news yet to the contrary). Once that is done things should start hotting up. Interested to understand your strong seel stance at this point?

However your read it, it sounds like FIG are ready to go and seems pretty clear who they are going with.

Agree with falklandinvestor, a new port isn't going to be built purely to accommodate a few more tourists. Having been there myself, I can confirm it doesn't get that busy.

Thanks Mogger,

The rather positive piece about oil (in my opinion) didn't sound like the government was about to revoke any licenses any time soon!!

Sanction indicated as early 2020 suggesting FID late 2019. I can wait that long.

to the next news

Formal loan application for Sea Lion funding to be submitted in Q2

Good luck with those charges. Only winners would be the lawyers.

Carrot, you could have saved yourself all of this effort to get the SP down to 20p by putting your cash into MATD on Tuesday. Its already risen by the amount you are hoping to make from RKH.

Sue the Bod? For what?

Carrot, PMO are submitting the PIM, not SAM. It's completely out of his hands. Perhaps some of your frustrations would be better suited on the PMO discussion board.

Only a few more weeks to wait to see if PMO are sticking to the timetable this time.

The PIM can now be expected to be submitted within the next 4 weeks, 5 at the lastest - Q2 End as stated by RKH in the AGM presentation:-

"Senior debt (inc export credit) – PIM submission Q2 2019"

Then things start to get interesting.

I might be completely wrong, but I vaguely recall reading that gas would be pumped back into the well which assists with geting the oil out. Its called gas reinjection.

https://en.wikipedia.org/wiki/Gas_reinjection

Would need an oily to confirm thoght and its viability for Sealion.

jdstandard over on PMO board started an interesting thread - Majors scoop up acreage in offshore

https://www.ogj.com/articles/2019/04/majors-scoop-up-acreage-in-offshore-argentina-bid-round.html