Member Info for Gamflin

Any one seen anything apart from TAQA bid for operator. I know it won’t have a financial impact but it’s an unwelcome development.

I had intended to name this post “ Andrews Ambition “. If we cast our thoughts back to the IOG bid to get an inkling of where AA sees this company going, according to IOG website peak flow of 4oooo Boepd is expected after phase two is completed add that to a possible 30k ( assuming we can mitigate normal decline) and we get 70k boepd, given the longevity and very low production costs it would have amounted to mcap of at least £1billion.... and I’m sure he hasn’t given up, I don’t think you’ve made it in the oil & gas clubhouse without having nine zeros to your name.

“Obviously we hope to be successful but we’re not going to acquire these at just any price”, he said.

“There are others in the North Sea with similar asset packages which would be attractive additions for RockRose.

Hi Rookie 1
HMRC rules dictate that shares sold and bought on the same day are the same shares so maintaining your original price & profit however if I were in your position I would be tempted to dump 20k in my ISA buy ( maybe not in the first 30min) and see what happens throughout the day/ days and then off load the appropriate amount later, the risk in this strategy is how long you can wait for the price to be right if things don’t turn out quite to expectation. I have executed several bed& ISA’s in a relatively benign market and wouldn’t attempt it in a volatile one,the problem being that the shares are sold and then the cash is transferred to your ISA and the new shares purchased, it takes time.

AA quoted 2019 capex at $70m pre marathon oil deal, assuming an even spend $35m (£26.5m).