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Mrd, is it just me (forgive me I’ve been mega busy last few days). But did the RNS completely miss the point of the concerns raised regarding the fear of a rights issue, or intention to borrow 3x Mcap? If so it’s living proof that TD has no regard for shareholders, and the RNS was a waste of time. I still have a gut feeling this will bounce later in the week in line with poo, hopefully Zama news will hold off until then.
Hopefully this will be back up as quick as it went down, it all seems very, erm, corrupt.....
This needs addressing by TD imminently unless there’s any truth in it, can’t see how they can get away with writing news that is potentially financially damaging without repercussion.....
Can we go back to predicting Fridays SP please :)
Dialled our of this chat board over the weekend and you’d think we were back at 55p. Have I missed something, or is this the typical de-ramping chat board scenario you see everywhere else after a good rise?
Still over £500k worth of trades just on or after close, shame they weren’t shown/counted in trading hours to be reflected in the SP.....
At this rate we’ll be taken out by UJO! I think he needs to get in front of the camera with an update, this is pretty dire, I’ve certainly learnt a lot from EOG that’s for sure, small cap E&P is far greater on the risk front than I’d ever imagined.... A Wressle update is somewhat due too, another shambles, albeit out of the hands of EOG.
Sorry for my negative comments the other day guys, I must have cost you all dearly. Next placing, 1.5p or 2p? And I do hold for the record, looks like I’m heading towards an 80% paper loss the way this is going. The payment you get for holding loyally and believing the hype..... If it was as good as it’s made out to be we would have been wiped out by a major by now, talking of offers, if one had been made would the BOD be obliged to publicise it?
Think this might push on today, have a gut feeling OP will too :) GLA
Dunders, these fresh heads will have us lined up and shot, best not be so honest in future! For the record Dreamon, I won’t “F off”, I do hold EOG (though I wish I hadn’t bothered at a 66% loss) and nobody has said Ireland doesn’t need gas. So pick your toys up, put them back in the pram and continue to suck your dummy.....
Thu, 10th Jan 2019 07:34 * Debt at $2.3 billion at end 2018 * Positive cash flow at $45/bbl in 2019 * Sees 2018 revenue at $1.4 bln (Adds detail) By Shadia Nasralla LONDON, Jan 10 (Reuters) - Britain's Premier Oil cut debt to $2.3 billion at the end of 2018, below a previous forecast of $2.4 billion, it said in a trading update on Thursday. Premier's full-year production of 80,500 barrels of oil equivalent per day (boepd) came in slightly above its guidance and was up 7 percent from its 2017 output. For this year, Premier, which has been selling producing assets, sees output at around 75,000 boepd. Premier estimates its revenue for last year at $1.4 billion, more than a quarter higher than in 2017 on the back of higher production as well as higher prices. Premier has been hedging large chunks of its production, including around 36 percent at an average of $70 a barrel through the year. Oil prices are currently around $60 a barrel. "On a full year basis, Premier expects to generate positive free cash flow at oil prices above $45 (a barrel) during 2019," Premier said. It sees operating costs to rise to around $20 a barrel from $16.90 in 2018, reflecting the sale of low-cost gas producing fields. Premier, whose bottom line still profits from tax loss allowances, is set to spend around $290 million on development and exploration, including its wells in Mexico's Zama field. (Additional reporting by Arathy S Nair; editing by David Goodman and Jason Neely)
I’m stating facts, nothing wrong with that at all. BOD are yet to deliver material progress, yet to deliver value to SP, yet have no reluctance to coming cap in hand to investors for cash, diluting everyone’s investment in the process. The last placing was drab and under subscribed. The money they’ve took hasn’t generated enough value to cover capital raised as the SP has fell year on year with every placing, that shows what the market thinks of the company and the decisions the BOD have made. Where is the farm out news? If it’s as good as it’s made out to be wouldn’t our hands have been snapped off?
Do you believe that too? I’m not on a deramping mission here as I hold at a significant loss to myself, however I feel your optimism and ability to believe anything you read on the internet and repost could be misleading to the naive and inexperienced. I’m wanting the company to deliver to drive the SP up, it’s about time the bod succeeded and earnt their crust....
Sankeys, I wonder how FI tax would work on that, not sure how that would work being British overseas territory. Anyone enlighten me?
Results of broken men over the years of misery here and elsewhere no doubt..... I took a short loss overnight, ploughed the lot back in and some loose cash I had in my account, still about 15% up from my initial buy in including loss of fees so sitting ok. Pleased with the resilience of RKH SP, but a bit gutted it didn’t drop and I’d of jumped in for an average down :) Will wait for other factors and see if it budges but I doubt that’s likely, pretty safe bet at current SP vs oil....