Member Info for laidback

This morning after large rise yesterday imo

What difference a weekend makes 😂😂

What difference a weekend makes 😂😂

They're building it now I think

Yeah man ... it's on

*$365m

Remember capital spend this year wad $365bn .... if projects were suspenfed for a year debts would shoot down .... by who doesn't want Tolmount ? Easy £1m day income by 2020

All big companies have big debts ...
. Pmo debt just need to get below $2bn and they could start paying divis. ... TD has said this !!

All projects still on track
Debt reducing
It''s a stonking bargain imo

7zzzzzz I suspect some of those hedges were taken out at a higher oil price

But hey how, oil price goes up, then down, then up

PMO will weather this down turn and come out stronger and achieve higher sp prices in 2019/ 2020 no worries imo

7zzzzzz I suspect some of those hedges were taken out at a higher oil price

But hey how, oil price goes up, then down, then up

PMO will weather this down turn and come out stronger and achieve higher sp prices in 2019/ 2020 no worries

Fromy my calculations Tolmount will add another £1m per day in gas revenue, or £365m per annum !!

The next project will add 28kboepd to PMO production at its peak .....

7zzzzzzz most analysts think oil will be in range $70 - $80 in 2019

Even if it $50 PMO will continue with their projects .... just might not pay off as much debt

Ariel even with current brent price , the average sales price for oil for PMO is over $65 for 2019 with the hedging in place. This is much higher than that achieved in 2018.

Also production has ramped up.

If poo recovers now I am very confident about the future for PMO.

P/E less than 5 in 2018
P/E less than 3 in 2019

If debts continue to be repaid then in a year or two this will be nearer £2

I will keep topping up

All imo

Pmo had hedges in the $50s in 2018 ... it's not all about the market price

Poo has been falling nearly 2 months week on week

It will start going up at some point .... it's a limited resource in a world economy which continues to grow .... I'm not worried ... 30% production hedged at $70 average for 2019

Dnbo r u a holder now ?

Share placing would not raise much at current sp .... SL will be debt financed at some stage .... 100kbopd production .... must be worth $5bn with that revenue