Member Info for legache

Institutions will be. They'll have their own ESG targets to hit.

The execs creaming off 2.7m shares...

Given Tyrus is a major shareholder, one would expect them to be philanthropic in their pricing on these bonds?

Well, it certainly means no more fundraising!

Https://www.youtube.com/watch?v=0W4Qo5jrhGU

I see strong parallels with the metals markets, particually silver. The physical and real are increasingly detached.

The other way to look at Skua in light of the current price, is what a great decision to drill it.

What would be the lost revenue in not?

Whats done is done....

I must say the delta for 90-100 bucks long term is getting higher the longer this goes on.

Bubba, Not sure I understand what you mean? What price do you think would be a wonderful deal?

I'd hold our nerves. What make you think oil isn't going higher.

BB's unlikely, all cash should be used for getting the best RBL for Nam...

Nam could be "transformational" for us.

They'll always be the nickel and dime traders, the shorters, the investors, and the plain trolls on AIM...

I'm pleased as they all add some colour and, more importantly, liquidity.

I don't think attacking each other's motives is entirely helpful. I am an investor and agree that the oil price is going to be high for a while, it may not be 120 bucks a barrel, but it won't be 70 either, and we're very profitable even at 70!

*disclosed.

It's all built into the guidance discolored by the business last week, Roxi.

One of my favorite ETFs. Will be in vogue right now and will increase my holding as futures lock in recent rises

"the group mitigates its exposure to oil price volatility through hedging, and in june 2025 entered into additional hedges covering 1.8 million barrels of oil production over the 12 months ending 30 september 2026, at an average brent price of us$69.92/bbl."

basically, they've hedged about half at 70 bucks.

assuming 20 dollars upside on 50% of production... 3.5mbarrels (guessing production remains roughly stable at 20k)

a crude estimate would be 70 million additional upside.

however, these hedges expire this year and will be negotiated. if they do so in this higher environment, that will increase the forward revenue estimates.

on top of this not all is oil... gas prices have increased by more...

so yes, a significant amount is hedged, but getting nrew brent swaps at toward 80 bucks, which seems entirely possible, could see a net 100m uplift in revenue in the period sep onwards.

obviously, this is all *** packet stuff - but it does underly the downside protection this war has created for us. i think the market was very wary of the downside, and therefore, even if the upside is not as good as some other o&g businesses, i think this will make a large move next week.

have a lovely saturday, chaps.

Economies cannot operate for long at 100 dollar oil.

This will be a temporary spike. Trump will release some of the strategic reserve and once he's cleared all the Iranian missiles, US Navy will reopen the straits. I think we all need to get real regarding annualized boe prices. I'm happy with anything over 70!

As with any market, the seller is someone who needs 24p for their shares.

Never try to concern yourself with the why question; that way lies madness!

I agree with Decko. This war is unwinnable. They will claim such, however!

I also want to add, aren't Hesketh, Trump are particually dislikable people? I cannot think of a worse group of people to be sat nect to at a dinner party - except perhaps the Muslim clerics that run Iran.

Lots of people in the Western media are ignoring the fact that America / Israel won't invade iran, but have really rattled their cage. Do you think they're just going to stop fireing missles are US targets in a few weeks. Look at Afghanistan. Same issue. You cannot "win" such a war and the Straits are going to be problematic for Western-flagged vessels for some time IMO.

There was a slight cut by one of the bank's target ratings from 68p to 64p. Let's just put thta in perspective. That's a smidge under 3 times the current price! That was before Iran was attacked.