Member Info for jedclampit

PMO looks in great shape, if we sell off assets in Mexico and farm out other wells/ reserves which then pays down debt, then tolmount start producing oil we could be looking at being back up to the £1.50 mark
All looks tp be a bright and positive 2020.

This is / was the last news I have seen so far.
Tolmount, Premier's next UK growth project, on schedule for first gas end 2020
· Tolmount East appraisal well spud imminent, targeting an additional 220 Bcf (gross)
So I guess we should get some more info very soon.

up to 60.28 so far sp should also move up more soon.

With the market / mortgages going back up , maybe this is why Yopa is thinking of a float on the market and get in quick before any general rise in property shares.

For mortgages according to the daily mail today.
The number of mortgages approved by banks is at it's highest rate in a decade.
A total of 95,126 mortgages were approved. The number of loans for homes was up 16.4% vs same month last year.
Looks like the market is stronger than many people think, so maybe we could be on a turn round with sp going back up soon.

Come on one more push to 80p

( The current intention of the Board is to maintain the Company's listing. However, the implementation of the proposed recapitalisation may, in certain circumstances, result in the cancellation of the Company's listing)
That because they will maintain the listing until they get all this deal voted through and then it will be delisted is my guess.

Could end up 77p-78p by end of the day.

is full of wind up guys, all this talk of another bid / price of shares being 1p-5p, it doesn't matter what the price of the so called shares will be it will only be that for a short time before the whole lot is gone as they get delisted.
Stop winding many up as you guys either don't hold any shares or your shorters trying to make a few bob in the next few days.

and as normal the oil usage starts to rise big time and the price goes with it, pmo sp is only going one way.

Well we all thought this was going to happen with nothing left for normal share holders, when the rns doesn't even mention the deal or share price etc.
The only way forward is de-listed and taken private for sure, save any money still in.

Forecast full year net debt reduction of over US$300 million reiterated (excluding any potential disposal proceeds)
So we are looking at sale of assets and farm out income to come in at what any ideas
but say $300-$700m plus $300m debt reduction so we could be looking at say $1000m possible reduction of debt if all goes well. Anyone got any other numbers to go by.

Me too, I remember when we were $100 D a barrol and pmo was just a prospector building up debt and assets, well now once they sell off 1 part of the business and farm out another debt will be much lower and still have a great business with good assets and then a sp of £1.50.
Something to look forward to.

I think it's fair to say there a lot of day traders on here with pmo, and they relish any reason to confirm any bad / not positve news to drop the sp and buy back in.
It's also fair to say this share has been relativly stable in the short term but long term once they sell off some parts of the business and pay down debt , which is what they said they are going to do this share should move up up £1. - £1.50 over the next few months. A great price to get into even at this price from 70p -80p.

Always good to see anyone stake building.

A little upwards movement to 76.6p so far and I thinks thats just to do with POO, but long term these should do well to £1.50 ish.

back up to 77p- 78p at least today by close.

I guess it all depends on what price you are now in at, but for anyone that's in at say 64p - 70p long term they should do ok.

With 2 new broker tagets yesterday of £1.65 & £1.30 these are only going one way over the next few months. Let's get to £1 first.

So arw we going to see 64p ish again so we can buy more or have those prices gone ?