Member Info for laidback

dead cat bounce comes to mind

Short term pain for longer term gain

Actually Brent over $60 is fine for PMO business plan as 30% of 2019 production hedged at average of $70

Opec know that if there us no cut then poo will fall further

They have to cut to save their dodgy regimes

Oil price no bad thing

Should focus minds at Opec on cutting

Next high for PMO will be £2

Several months away

Happened to all Oilers

Business plan on track

Truth is they cocked up Solan

But Catcher has made up for thathe

Tolmount is another winner

Only a matter of time and this will multi bag

is actually on track or within guidance

Production is growing ... debts reducing

P/E looks rudiculously low next year

I'm topping up at these prices! !

Sk is a big deramper

Buy and forget this share imo

TD say that divis may be paid once debt below $2bn

All big companies have debt otherwise they could not grow

Pmo needs debt to grow, and it must grow to pay debt

As long as they making good profits debts are manageable and normal

Been lowkey .... considering how potentially big this oil discovery is ....

4%

Pmo goes up 2 or 3 times movement in poo

So I think this will go up strongly again tomorrow

Debt falls below $2bn end 2019 then dividends could start to be paid here and so should be no less than £2

All imo

Rough calcs
Produsing 85k boepd, 60% oil, 40% ga's

Oil selling at average $65 per bop, gas at $32 per nope

Gives 2019 sales at $1.6bn

At operating costs of $18 boe, gives casflow of over $ 1bn

Knock off development costs $400m, interest of $180m leaves free cash flow of over $400m to pay tax and loan repayments

How much is tax bill ? Very little with all accrued lossea

This assumes current low oil prices.

Then Tolmount comes online 2020 producing over 28k boe

Looks very promising to me

Middle East hotting up ....

I wander what that will do to oil prices ...

Sorry guys ...my mistake. ... I didnt read the news article properly

I eat humble pie but may actally buy shares here next week after your responses

GL All

Great company here imo

Just be careful .... don't put all your funds here in case there's no offer and company goes down toilet

5p good for a trade imo

That's cloud cuckoo land lol

Oil prices going back up.... this will be loss making ..... too much competition imo. ... Virgin would prefer to buy assets when administrators sell imo.... why pay extra ?

My opinion

But DYOR please

Not priced in, otherwise Brent would be much higher

Russia will do a production cut deal. ... just getting best negotiating position