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Porkpies, this is a key term in any agreement for me. Farm out must include a firm commitment to drill. Maybe HQ are carrying out additional due diligence, with board level sign off dependent on the outcome of that. They’ll want their trusted geologists to validate what they’re being told. How often do a board in a company of this scale meet? My guess is quarterly, therefore a few months of data validation then maybe some for the next meeting. Hopefully we will receive an update end of Q1 regardless of the outcome. I’m not wanting to bash Hugh but he missed another key opportunity to show consideration to investors. Why the hell didn’t he reiterate the status of this pending approval in that interview? This is a key event for us and it didn’t get mentioned, unless I missed it......
No ramping at all Ralph, just repetition of the current state of affairs. But you are currently either de-ramping, or you’ve let your bad investment consume you so much it’s turned you into a bitter and twisted man. Choose one......
Frankpantangio, very true. The markets need to wake up to this, this is an easy ten bagger in the making from these levels. All of the hard work is done regarding SL, reserves are in place, PMO are driving towards FID and Sanction at a relatively steady pace (if you’ve ever been involved in the development of a whole new basin in a remote location you’ll understand how long things take). I wonder if PMO are discussing the £4bn loss/tax write off with HMRC, and whether they can use some of this in British overseas territories? That would seal it for them and make this a very special development for them. Only thing that matters here is that SL finance is secured and poo doesn’t do anything too drastic on the downside, remember banks are greedy and will lend to anyone if the return is relatively safe, and OPEC are committed to market stabilisation negating concern around poo over the coming years. Green light time soon I hope!
Not at all, 63p avg....
Vengor, your a toxic twisted little man!
Great first post tsevni, almost as low and falling into the same category as the muppets you’re referring too.... Good point though, it’s been dire here lately, cry a baby’s and playground talk for months now, it’ll turn though and they’ll disappear.....
Oil is on a slippery slope now, proof that all the hype on these boards is completely irrelevant. None of the experts of weeks gone by were right. I think the SP will be in sharp decline should poo slip to <$58.....
That’ll do me, a dip here and plenty of gains to come elsewhere if that’s the case.... Doubtful though, I’m never that fortunate....
If so it’d mean as much as seeing Jesus in a dogs ass for me! Share is stagnating/slipping, either being played to the max or something is amiss behind the scenes that we are yet to learn of, still in profit just but god do I wish I’d kept out when I sold up before the T&O update....
It’s not up to TD when Zama news is fed to market.
Zama news flow is out of TD’s hands folks, give him a break on this one....
Mrd, I think we just need a catalyst for this to break out of these lows, poo is supporting a rise but it’s either that false news report coupled with the poor RNS or the MM’s are holding this back. Hopefully an uplift from Zama shortly will set us away, hoping of mid to high 80’s end of month if oil stays and news arrives :)
Possibility of a Zama RNS Landing Monday? I’d say it’s a possibility, imagine oil rising and a fantastic RNS to start the week off, that would be nice!
SL in future growth plan for 2021..... http://www.premier-oil.com/sites/default/files/presentation/190116-investor-presentation-january.pdf