Member Info for laidback

You may have some points but not v balanced

Pmo has suffered mainly because of Solan, which was the disaster responsible for the debt. But that us history and lessons learned.

Everything since then has been going well and looks very positive. Debt will soon be 'normal' level.

I still think Pmo will reach £2 sometime in 2019 or 2020

Remember Shale operating costs are $40-$50 ... Pmo operating costs are $17-$18

No idea

But EIA is more respected and probably more accurate

This week API oil build 7.8m

EIA oil draw 7.3m

EIA is more respected as a measure by oil traders

So maybe stocks are falling already

Maverick Shale oil rig count falling ... down by 10 in 2 weeks

One of topr risers today...

£1 soon imo

No one knows where oil price is headed, not even the 'experts'

Hedging just takes out the uncertainty and risk

Average of $70 is a bloody good move for the hedges

2019 hedging was a bloody smart move !!

2018 hedges average $55

2019 hedges average $70

Plus 2019 production should be higher

Debt should be under $2bn end 2019 imo

2019 will gave higher production and hedges than 2018 but lower capex

So debt's should be under $2bn end 2019

2020 Tolmount comes on line and we start paying divis

Sp over £2 by then imo

Agreed Zama is a monster.... I tthink they should develop it ... it's in really shallow waters

Tolmount rather than Zama will generate more cash flow to accelerate debt reduction ... coming online in 2020

Needs further drilling and appraisal to get its true worth .... I don't think they will be selling just yet lol

Record production bring achieved in December .... that will contribute more to debt reduction in 2019 even at lower prices.

All on track here imo

Back over $60

There's fear, but also optimism of a deal to cut oil production

Dead cat bounce yesterday

Debt too high

This will retest lows imo

Why would you invest here and not in PMO....similar reasons as for investing here, but prospects and company in better shape imo

Over $62 .... market expecting cuts tomorrow imo

be careful imo

or fool's rally