Member Info for grippa

Think this can double/trebble in time from price once new shares are issued??

Think this can double/trebble in time from price once new shares are issued??

I agree with limited quantity!! But theres always going to be people who don't take part so thats how you can get more as you say!!

HappyInvestor100 you seem quite bitter shares are going up.......... Jealousy is a unhealthy characteristic.........

Potential of 12 TCF of Gas if thats successful don't worry about dilution will be £2 a share, but understand everyone has there own approach!! Good luck!!

TarthDradar I was told the exact opposite by investor relations on Friday there fully expecting people to be able to over subscribe even though its not yet finalised.

Your welcome Surefit cheers!!

Surefit you will see an RNS on here but also will get a notification on your share dealing platform about the rights issue and to vote for your approval of the refinancing mate

Tarth the rights is fully underwritten by the creditors, If not all shares are taken up by share holders creditors will buy whats left!!

Just topped up also Rookie fingers crossed.....

Kenni it has been explained to me this way retail investors (US) get 205 million worth of shares in rights issue, Institutional investors get 325 million retail investors take up 40% of the share holders register, institutional share holders take up 60% of the share register which if you work out 40% of 530 =205 and 60% of 530 = 325 million. So if you take up the full allocation of shares ordered to you in the rights issue then your not getting diluted at all?? Can someone balanced tell me if I m right or wrong??

Of the 530 million getting raised will be allocated roughly 205 million share if we don't buy them then they will be underwritten by creditors if we don't buy them all them they will buy any leftovers, The institutions are being offered 325 is million dollars worth and they have committed to buying them. ALL shares issued will be at the same price!!! So in short the deal IS DEFINATLY GOING AHEAD. Its in nobody's interest to drive the share price down who's going to be offered the new shares. I think theres been a lot of private investors like ourselves who have panicked and sold (I understand the concern for anyone who has done this) But as long as you buy your full allowance worth then your not getting diluted, only problem is for people who do not have the money to but there allotted shares. BUT NO FEAR of them not being able to raise the money and not being able to refinance as its a done deal backed by the finance powerhouse and will be going ahead!!

Thought share holders got to vote on the deal?? Is this still right?? Is so do the get vote on Extra 300 million debt reduction??

Brent

Wonder why rents down then??

when are oil inventories out please??

Krackenoil is a ****** all twisted info/lies he posts....... Just asked myself why he's not in the filter list.......

KrackenOil Thats a load of rubbish shareholders would never allow another nvestor to buy shares they would vote against it and deal would be wiped out!!

Stealmywife Of course nothing in life a garuntee but although in heavy already I would like to throw the kitchen sink at it. so your staying current price is 47.1p glad you spent time working it out its interesting another poster claimed 1 year @ 100 dollars a barrel we will be debt free!!! I would love this to happen while TD is still at the reigns he's taken a lot of abuse but I think he's done a great job along with Mr Rose our CFO. The have had a difficult time but have done the best for shareholders unlike other CEO/CFO's so fingers crossed we cab bear the fruits while there still in the seat to get the respect they deserve!!

Thanks Rookie! Throtl well theres no golden ticket in life and yes you need the cash to take part, good luck to everyone long in here!!