Member Info for laidback

90kboepd +

That's more than Tullow I believe !!

Don't be over dramatic lol

Debt is manageable even at lower oil prices

Sk selling one of projects will ease debt feas
Pmo well hedged for 2019 and should hit their targets

2019 earnings forecast 28p

P/E ratio less than 3 next year !!

If debt comes down this will rocket imo

has stabilised .... small steady increases in price are good. ..

Could be 2bn barrels of oil

Pmo own 25% .... how much would that be worth ? .... $ 3 - 5 bn ?

Remember it IS an oil find ..... question is how many billions of barrels of oil ?!

That was a massive ..... trend is for draws now, rather than builds

Poo will rise tomorrow. ... Pmo will head back to 80 imo

Oil prices going up 2019

80p I mean lol

$80 in 10 years maybe ??????

Holding up nicely above $60

Looks like Api will be a draw and poo goes higher

Pmo nearer $80 tomorrow imo

at $50 still paying off debt

Seem to have stabilised poo

Not getting the crazy downswings

Opec + need prices nearer $70

$60.89

A slow steady rise over next year towards $70 is fine

Agree Golden. .. Tolmount is game changer but capital spend is low on this. ... so I think they will get there. Could hold off Zama and SL until Tolmount comes online in worst case scenario

100p by end of week ..... you heard it here first !!

It's all changed ....
New world
Pmo world taking shape

It's volatile .... works bother ways

A swing towards £1 is likely in poo recovers further

Can go up and down 10p quite regularly due to its high beta

I think 100p by end of week is easily possible

Discovery of year not awarded by me but by AIPN at their annual conference .... opens up a whole new exploration basin

About 5% of annual production is lost to natural decline .... or @5m bopd. Project can take five years to come on line. The downturn in global exploration and development investment 2014-17 will therefore start affecting supplies 2019 onwards, the start of the supply crunch. Prices could go over $100 very quickly.

It's interesting that the Zama find was awarded discovery of the year in 2018. There are not a lot of new big oil reserves being discovered and at some point, oil starts becoming a scarce resources.

Check out the oil demand graph over the last 20 years .... pretty much growing inexorably, now over 100m bopd. Are oil reserves growing inexorably. .. nope !!!