Member Info for laidback

There's potentially bilions of barrels in Zama ... could be a super major asset. It's right to appraise to get it potential game changing value

Zama is in shallow waters so very attractive asset

TR hedging brings up the average for poo achieved during the year .... you have guaranteed prices well above the $65 in the 7 year business plan

Thats Rubbish lol. Tolmount will be in production by 2020.

With hedges average sale price of poo will still be well above $65 in 2019 in the business plan

Very low PE here atm. ... crazy low ... as debt rdeuces Sp will shoot back up over next six months to previous highs

The hedges at $69 and $72 look like a good move

Still v profitable and now projects coming on line. TolMount will add significant value and cash flow imo

I'm topping up !!

Production at 85-90k bopd !!

Lenders are happy ....
Prospects great ....
Higher production than ever
This is just one of those strange moments when you can buy shares at ridiculously cheap prices

$67.43

If pmo stopped development spend, it would pay off its debts in three years

So how is this not a stonking bargain

Pmo may restart paying dividends in 2020 when debt less that $2bn ... covered by savings in loan interest

$67.09

Positive day tomorrow imo.... it can't fall forever lol

Could be huge ... mayb multi billions of oil

Catcher is a hot asset !!

is hotting up

Pmo might get a cheeky takeover approach

But pmo can rise very quickly as well .... I've seen it go up 25% in 2 days

Happened many times before

Main thing is the targets are on track

Well I think it's some corporate metric

in 2019 substantially higher than 2018 so I expect pmo will achieve 2.5x ratio end Qtr1 2019

Interesting question ... 2018 EBIDTA will hit $800m

So need another extra $30m in qtr1 to achieve that 2.5 ratio

2019 Production at 85k = 7.65m in qtr

Say 70% is oil = 5mno

So need $6 more on 2018 average for oil

It's possibe. All large companies have large debts and still pay divi... look at Voda ffs !!

Debt just needs to reduce a tad more and this is investent grade

Oiluser true but that's historic. Catcher will generate substantially more fcf in 2019 now that it is on full throttle. I'm looking at @ $2bn debt come end 2019

Plus Catcher spend now tailed off. Just count the cash in 2019 ... no major spend

Current production at record going into 2019 ....