Member Info for IAmNotAnAnalyst

Lexion - where are you getting your RNS pings from? I just get emails from LSE but was wondering if there's a better app based solution to let me know.

I think you're on the wrong board buddy

Ha - gold is the new oil? You ever tried getting any energy from gold?

How do you know they weren't referring to themselves?

I guess working in our favour is a dearth of 'good' investments available and plenty of money to invest. However, maybe I'm off the mark on that as it doesn't seem to have been an easy sell so far. Yes, it's important not to forget the difficult relationship with Argentina and the more distant, to me at least, goings on of South America. We know there are problems in Venezuela and Brazil. However, I understood the Argentine economy was in a decent condition, so no need to shift to nationalism/populism, and they look to be well on their way to being more of a O&G powerhouse for he region. If they were I imagine it's be much easier for them to see FI oil as a mutually beneficial thing to exploit.

59p GIvingthelowdown 74.5p IAmNotAnAnalyst 76p Hawkey 78p outofideas 79p TR61 80.8p Auson 82p Rookie1 82.35p Mremc2

Ovets, I'm more and more coming around to the thesis that brexit, or more accurately the economic pressures causing brexit, will make significant oil flowing from the Falklands a very important bit of stability in an uncertain world. It brings energy security, tax income, jobs and significant investment in a world where all 4 of those might seem difficult to attain and it's like a unicorn to have them all together. All we need is a supportive oil price to really get it off the ground. However, the recent past has shown us that nothing is a given in that area. We can convince ourselves one way or another about the PoO but I'm sure the price journey will be a suprise no matter what happens.

How much of the Italian cash award do you think is priced in? There must be some if you expect the price to drop if it was confirmed as no award.

Let me know when they start 'pumping' then!

True, at least it was a bit of a discussion. I hate to say it but I wonder if Brexit is involved. Independent oil reserves being exploited in a no deal or similar scenario might soften the blow, especially now the North Sea is not doing too badly either.

Just as a reminder (as I forgot) the extended deadline is 5pm on the 31st, Thursday. I wonder why Thursday...hopefully there's another bidder or some positive escalation tomorrow. Finally, good luck to those who sold. I was tempted myself but want to see this through to the next 'stage' at least. That said I only had a few thousands here and I'm not in a rush to get it out. I can't imagine what I'd be thinking if I had 10s of k here.

Ironically the comments on the FT article are much better thought through than any criticism I've read in here. So they're looking for $600m from the gov according to that article back in 2017. I'd hope they were pretty close now, maybe to the extent that this is waiting on govt timing to pull the trigger...or for PMO to fill the large $600m gap without the gov.

Presumably Medco have talked to the IIs so at least they have a good idea of a price. I guess each had their own version of value for shareholders...after all 1 in the hand is worth 2 in the bush.

That shouldn't matter though should it? After any dividend announcement it will go ex-div, then the price would drop to 55p - dividend...

Hmm, I wonder why the SP has not shot up to 55p!

Good points Simms. I suppose it depends if negotiations are going down to the wire or not, and who else might be involved trying to buy any assets in any alternative non-takeover deal. I hope for an RNS in the morning and if not then I guess the share price will tell us pretty quickly what the prospects are!

Yes, sensible move bloobird, and I learnt something about cheese mould!

The bid has to be in by 5pm UK time on the 28th, which would be midnight in Indonesia. So they'll either submit earlier, during their market hrs, and I assume announce that immediately or stay late and OPHR would announce it. I'm assuming once a bid came in they'd have to RNS pretty quickly. Good luck all, I hope many of those who lost shirts at least get arms back!

Thanks Albi and aduk, Looks like it's too late for Monday then. After that the 1st + morning of the 2nd looks good and a smaller window on the 4th. However, as summarised by barble...weather forecasting more than a few days ahead is pretty ropey.

I keep checking as I'm half expecting her to start moving. How long did it take to get over there last time, subtracting the time for this Esra trials? I had 12-24hrs in my head. Although as the weather is bad right now they might leave it as long as possible. Then hight tail it at full speed at the last minute.