Member Info for laidback

Open meet Dec 6 ... will sanction ptoduction cuts of 1.4m bopd

All oilies down, not just Pmo

But Pmo prospects better than most imo

Was voted best new oil discovery in 2017 and should add material reseves and value to company once appraised.

Tolmont will also add material production and take pmo well over 100kboepd in late 2020 !!

By that point debt will be less than $1.6bn and this will be 2m £2.50 !!

Brent back over $70 and we will see this back over £1

Expect to be hitting previous highs later in 2019

Definitely oversold here imo

Now 85-90 kboepd

That's above guidance for 2018 as a whole

So going into 2019 will have higher free cash flow

Pmo at record production now ...... future never looked better

Those large bounces seem to happen regularly

Because pmo has high beta

Pmo P/E less than 6 going into 2019. Tlw P/E more than 10 !!
Debts falling inexorably.
New exciting projects ahead.

This is just crazy.

$64m Babbage sale proceeds still to come in .... will be used to pay down debt. Should come in before year end.

Tolmount is a very good project.

Zama could be a huge discovery

All looking good to me ....fuck the shorters!

Oiluser. To get to 80k for year there will be a big ramp up in production in last 2 months going into 2019.

Most sale if assets cash still not in. Given uncertainty of receipt PMO have played safe to target $2.4bn debt at year end. Will probably come in much lower.

Remember a lot of oil was fixed at low prices on 2018. Fixing in 2019 is above current oil price !!

2019 will be the transformational year !

Incorrect. ... the 2018 debt reduction was forecast at $300-$400m. .. will come in @$320m, so on target

2018 production at lower end of guidance but looks like a ramp up late in year ... so 2019 production should be better

Sure the sp fall hurts ... this is now longer term investment

But the company is on track.... so I expect a big bounce tomorrow.... the 10% fall is totally ridiculous imo

Should save $20m-$25m in interest !

It was $2.72m at star of year. Projecting $2.4m at year end. Reduced by $322m, which is in range $300-$400m.

On target !!

Even a broken clock calls it right twice a day 😂

Sp 94p

Might finish blue !

Opec cuts coming in Dec

Back above $70 shortly imo

This will double in 1 year's time imo

Bulent the market value is a joke

It will take time but true value will out eventually