Member Info for gordon1237

What are you on about Sam? Whoever the original preferred bidder was are no longer in the frame. Oilex are trying to buy if they get finance. They will then presumably farm out to New jv partner(s). Atb.

Now 0.185 to buy on Barclays. Wonder if they'll be another Friday surge tomorrow? Atb.

Yes Steven. Life's a gamble. There's a series of stories by Damon Runyon on which the musical Guys and Dolls is based. One character remarks "I sometimes feel that all of life is 6 to 4 against". Can relate to that. Atb.

Let's hope we get the big news soon. Can't be much longer surely. Atb.

I have looked Callum. I think you are right but as I said on the face of it the deal doesn't add up. We hold about 1.5% of Armour, which they said they would sell for cash flow. Atb

Something doesn't add up with this deal.
"IPO AND CAPITAL RAISE OF $60-$65 MILLION FOR MCARTHUR OIL & GAS PROPOSED TO FUND ACQUISITION OF NORTHERN BASIN OIL & GAS ASSETS FROM ARMOUR
PROPOSED TOTAL CONSIDERATION OF $40 MILLION CASH PLUS A MINIMUM OF 33.3% RETAINED INTEREST BY ARMOUR SHAREHOLDERS IN MCARTHUR OIL & GAS"
And yet the entire market cap of Armour is only 45 million ausd.

Presumably this demerger of Armours Northern Basin assets for 60 million aus dollars must include the licences bought from Oilex for a relatively small sum. I guess Armour's sale must include other licenses they already had? Hmmm.

Hard to tell Callum, with talk of demergers, raisings etc. Oilex's remaining shares are worth just under £400k.atb.

Yeah, you're right Callum. Trouble is at my age, I wake up for the obvious reason (lol) and then can't resist a quick look to see if anythings happening.

will soon be 3 weeks since we were told they were in advanced discussions. At what point should we start to get concerned? Too soon? Gla.

They may not need a placing if it works out right with a farm out. Still dilution by another route but seems more feasible. Atb.

Axel. Do you agree that an immediate resale, refarm or whatever you want to call it, as outlined by Conger, is more likely? Got to be something like that you'd think. Atb.

13 trillion, gone up by another factor of 10. Of course, at a tenth of that it is worth investing in Sam,and if investors were 100% convinced the new techniques could recover a fraction of that, they would be climbing over one another to get in. That's why we are hoping Joe will persuade them it is a good bet. Atb.

Yes Steven. My post of 7.25 disappeared for 45 minutes and has vanished and come back about 5 times since. Get it sorted lse.

Don't know about that one Qs. It is on a list of fields in the Cambay Basin. It is tiny at 6 sq. km.

Qs. I think that was part of the Australian assets that we sold to Armour. Atb.

Qs. You don't need the website for annual reports. They are all on here. Atb.

Absolutely brilliant Callum. Don't watch musicals as I can't stand them normally,so I didn't realise the Book of Mormon was a massive p**s take. Made my day. Lol.

Hilarious Callum. The great god delusion takes many forms. Lol.

I can just see the Donald broadcasting from his bunker as the fire and brimstone rained down.
"Fake news. Its all a plot by the democrat devils to deflect attention from me winning the election".