Member Info for GetLucky

With confirmation of the Farmin, MSMN can concentrate on PR and let Greenvale get on with the job. At Circa £2.5m market cap this has still got to be a steal! Sitting back to watch many more blue days to come.

This company is pure Gold. Unfortunately it is ripping off the people of Iraq. They have paid out more in dividends to share holders than the current value and that does not include payments to the government.

Go figure!

Oneassis - deramper. looks like your portfolio is not doing too well. Why are you here?

Thanks Dave85. Excellent endorsement by an existing long term shareholder confirming the importance of this agreement for the business.

read the previous RNS. Licence already in place. this news looks huge for the company.

Those big buys are being cancelled with sells and holding the SP.

NewKOTB - What do you mean:-
"Extreme DD required here for investors that have not been following recent event imo."

This share went down by 70%. Your full of Sh@t.

Whatever happened to Goynuk?

Any analysts to asses gaps? This fell hard on the day.

II's buying in. Confirmed by the TR1 today. They would be silly not to at this price! Just have a look at Tullows growing Assets and where they are.

Full year free cash flow is forecast to be around $350 million, subject to year-end working capital movements. Free cash flow generation has been adversely affected by lower production, and by lower oil prices for much of the second half of the year.

Despite lower than forecast free cash flow, the Group continues to focus on debt reduction, and net debt at the end of 2019 is expected to be around $2.8 billion (from $3.1 billion at the beginning of the year). Gearing is expected to increase marginally to approximately 2.0x (from 1.9x at the beginning of the year), reflecting lower EBITDAX. The Group retains liquidity headroom and free cash in excess of $1 billion.

Capital expenditure for the year is expected to be approximately $540 million, including approximately $35 million for Tullow's 33.3% share of the Lake Albert Development in Uganda.

When are the results for carapa due?

"Despite today's announcement, the Board strongly believes that Tullow has good assets and excellent people capable of delivering value for shareholders. We are taking decisive action to restore performance, reduce our cost base and deliver sustainable free cash flow."

As disclosed in Tullow's Trading Update on 13 November 2019, the Group expects 2019 full year net production to average c.87,000 bopd. The Group also expects to deliver free cash flow of c.$350 million, has liquidity headroom in excess of $1 billion and no near-term debt maturities. Whilst financial performance has been solid, production performance has been significantly below expectations from the Group's main producing assets, the TEN and Jubilee fields in Ghana.

Why have the warrants been issued at such a low price considering where the SP has been heading?
"For their previous and ongoing work and allocation of resources to structure and support the Company's funding requirements as it undertakes a large-scale drilling programme, Bybrook will be issued warrants to subscribe for up to 8 million new ordinary shares in the Company at an exercise price of 40 pence per Ordinary Share."

Will it try £3 today?

What is classed as "inside information" ie. we all know Metro is on the sights of many to be as potential takeover target at this price and many banks have changed hands in the last few years. VH has been quite open of this desire. What is the definition of inside information?

What are the time constraints on reporting an RNS?

Not only Lloyds -https://www.pressreader.com/uk/evening-standard-west-end-final/20191104/282411286123688 looks like Virigin as well.

"The discovery of the Serenity oilfield, a potentially very large oil resource, is a transformational event for i3 Energy plc.

We now have proven oil in a second structure on our licenses. It is the culmination of three years of detailed geological and reservoir analysis and validates our regional model for the Liberator and Serenity oilfields and neighboring structures. We will now integrate data from the 13/23c-10 well into our geological modelling as we develop an appraisal and development plan for Serenity, which we believe is connected to the undeveloped Tain oilfield.

This result also adds confidence to our revised mapping of the Liberator field, which utilises the same reprocessed seismic dataset now used to map the Serenity field, and integrates data from the recently drilled 13/23c-9 Liberator well. We now look forward to returning to Liberator where we'll continue the necessary drilling operations to progress that field towards development."