Member Info for IAmNotAnAnalyst

I don't even think bonkers goes far enough. Hold on to your hats people!

It would take more than a couple of years to get oil pumping so that timeline works out nicely if sanction is soon :D Happy Christmas all

Tony - in your SP assessment what value do you give our current production and cash etc? That'd form the base for the downside risk.

Wednesday 9.30pm (API) and Friday 3.30pm (EIA) according to investing.com

Thanks Ovets, for the life of me I couldn't remember the title of that PDF. It makes for a very informative read!

I suppose considering RKH's raison d'etre is pretty much developing oil fields then they would find that pretty convincing. I mean all the staff and the board and all that stuff points in that direction. It seems absurd to me to suggest they bought undeveloped oil fields without any intention or knowledge about developing them.

The £18-£250m range is quite a wide one, I guess it depends how optimistic you are where you think it will land. I'd say £18m is probably on the low end of getting some costs back, nevermind the damages RKH are going for. Although MOG was purchased for £29.3m in 2014, including other assets. It seems very likely they will win the case because of what happened, it's all down to the interpretation of damages which would be lost profits of what is a significant amount of oil. The mitigating circumstance was that concessions were banned when RKH purchased MOG so RKH shouldn't value that asset. However, we don't know what assurances MOG had from the government of the time but they certainly had some...even if this is proven though it is likely to be a 50% discount off the damages value. I can't find the precedent for damages at the moment...can anyone else? There must have been many cases settled under the same arbitration rules.

Thanks for that much, I'm intrigued by how this story will end...do we have specific dates for the remaining key parts of the case? I though something like that would be quite publicly set out

She is until March I think isn't she...handing over the reigns so to speak

Maybe put it on a long wash too?!

I added a considerably smaller amount. I don't think I can add any more thoughts, I'm overweight here and twitchy about PoO now...let's hope for some snow. SK your pessimism does drive me wild but your absurd IST thoughts do make me smile... who's next for the Powerball?

TR61 why would you say that with high PoO PMO haven't done anything. They are forecasting £300-400m of debt repayments by the end of the financial year. That's on top of paying debt interest. It's a fairly sizable chunk to have paid off. Of course we all want more and want things to be at a more manageable level sooner but it will just take time. Furthermore, I don't know why people are focussing so much in the BoD, they can't magically increase the PoO and are on track to pay off debt in line with targets. What more do people want? I don't know about the potential chevron purchase but that seems to be rumour, nothing confirmed. Sea Lion however was always part of PMOs stated plans! Again, they're doing what they said they'd do...

So seismic hasn't started and stimulation still hasn't started! Agreed things will happen next year but at the moment stimulation results won't be available until 20th Jan earliest (if we got an RNS tomorrow saying we're starting) and sesismic results until May earliest if we start soon. If I was interested to load up I'd say you've got plenty of time unless there are externalities... Hold - so I'm not completely the grinch

Let's see what API says later...

I'm not sure where those people calling for 15/20p have gone but of all the circumstances I'd expect now would be when it would reach those levels if ever. Considering PMOs SP and PoO anyway... Maybe this is it and SL is priced out at 22p and we're just priced on OM + cash!!

Wow as in, in 5.5 trading days! I've gotta say 7.6p for the 24th. I don't think any major news is due but am happy to be surprised!

It seems their priority is keeping their economy afloat using whatever means necessary - lots of unnecessary, expensive infrastructure projects. All necessary if they want to stave off the revolution/protest/strikes or however the dissatisfaction will come out as their inevitable slowdown comes.

It looks like there were about 5m of trades after the close today, half of today's activity... Am I reading the data correctly?

Same here GTLD - I've been resisting piling in with low prices but couldn't resist today...the price just seems wrong with this PoO and our hedges next year. Still I've been punished for buying some on the way down a month or so ago :(

I've heard mention of these kind of things a few times! That one sounds like a bit of an error to me!? It sounds a bit conspiratorial for it to be MM signals, or other signals that an RNS will come out the next working day. Generally, these kind of things are better explained by the less fantastical answer ...someone was probably clicking a button 15 times as the screen didn't refresh and then realised what they'd done!