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TheTexan... with Brent in the 50s, PMO will have big problems reducing the debt enough and quickly enough. Interests payments are very high too, which weighs on finances. Long term, if oil perks up, then of course PMO is an excellent bet. But the short term sentiment towards oil is dreadful and stock markets are in turmoil. Ftse is down 2% today, on top of another sizeable loss yesterday and the Dow tumbling heavily as well

TR61... I agree with you. I stupidly held for 5 years and did not bother selling on the highs and buying on the troughs. I lost so much money because of that. PMO is a trading share. Forget about long term, prospects and all that. Sentiment changes every day and several times a day. Holding or buying now when we can all see where markets are going is a pure mistake. I shall buy in the 60s or maybe less, come Xmas. Good luck to you all

Another GS RNS issued at 11 this morning. You know what that means... only one way is the sp going to go. Careful guys... apart from Grippa who can lose all his/her money

Grippa... don’t follow my example and keep losing money . Down to 75 now and I will be shocked if it is not going to drop further with Brent and stock markets crashing. I sold at 82 and you all laughed at me. I can now buy back at 10% less if I wanted to. But in my opinion PMO and all other shares are in for a rough time between now and Xmas. Mrd is right. By the way. Who is the muppet, Grippa?

Redwineday. I am both. But I talk a million times more sense than you ever will

Extremely low volume today for PMO and all other oil shares. That may explain why they are all holding so well. It is possible that shorters are taking a day off, but with Brent at 58.56 they will come back with a vengeance. I am staying away for a while. Good luck all

Redwineday... I think you have had too much of that vino so early in the morning... Why is PMO stabilising v it’s peers, when it is down over 1% at the same time that ENQ and RKH are up whilst TLW is down only 0.5 . It is holding well like all other oil shares for a reason that I find impossible to explain (Both Ftse and Dow losing a massive 1.5% and Brent to the lowest in months at 58.6), but that PMO is faring better than its peers is your lunacy only

Brent down to 58.60 now. Why?!? FTSE down a massive 105 points, but TLW unchanged, ENQ up and PMO down only 1% at 76. On another day, we would have tanked 8 or 10%.

I would love to buy back into PMO as I love the company and all the exciting prospects it has. But with oil in the 50s, the survival is not guaranteed at all. The interest we are paying on our debt will cripple us. And if Zama has no takers in this climate and Tolmount drilling was not as successful as we all hope, then the sp will suffer greatly. Add to this the fact that the Dow and Ftse are due a bug correction downwards, which always starts the first week in October and goes on till Xmas, then I am staying out. I am prepared to miss the big gains if the news about Zama and Tolmount are good. In my opinion, PMO would be better advised to postpone the Zama sale. Selling now with oil so cheap, would mean no takers or at best a much reduced value.

Strange things are happening... Brent went from 64 to 58 (currently trading at 58.8), but yet oil shares are trading strongly. PMO still at 76, down only 1% this morning, whilst it was up a couple of days ago, TLW down only 0.5% and ENQ is actually trading up. Go figure

Plebeens... you never ever cease to amaze me with the amount of utter rubbish you post... you say that Brent is being aupported and holding well. It is trading at 58.71, FFS! Stop posting these revolting things

Krakenoil... if i buy back, it will crash...

Brent was at 59, PMO was trading at 65 a few weeks ago. Now Brent is back down to 59 but PMO is up to 78. It was me selling that gave it a rocket push :-)

TheTexan... I have drawn my own conclusions

TheTexan... you are not really concerned about those who died, are you? Only concern for you is if oil perks up.

Antigua18... I don’t think the market makers like this range of being in the 70s. PMO has fluctuated in the last 12 months from 148 a year ago, all the way down to 55 at Xmas, then all the way up to 110 in March, then all the way down to 65 in August, up to 96 s few days ago and now 76. The range of between 148 and 55 is huge in 12 months and we are now not at the bottom but an awful long way before it reached the top. I shall it again, but after December, as I see a correction downwards for Ftse and Dow between October and Xmas.

Antigua18... I still don’t understand why investors and institutions do not spot the bargain here... currently at 76. Add let’s say 40 and we go to 116. Why on earth would anyone not spot the bargain, not least GS? I think there are three possibilities. Bid to buy PMO as cheap as possible or Rights Issue called or Zama money invested to finance Sea Lion?

I hope those of you who are interested may shed some light as to something that’s been bugging me for a while. Since the sale of Zama was announced last month, in fact... If Zama is going to be sold in days, weeks or months and it will be worth anything between a minimum of 25p and a maximum of 50, let’s say, then why is 20 to say the least added already to the current sp by the market makers? If everyone is convinced that Zama will sell and will sell well, the average should be about 40p more than the current sp. So why is PMO at 76? Before you blame TD and GS, please let me tell you, for that is worth, that I do not believe they are solely responsible for this. In fact, if GS thought Zama would add 40p or more, then why on Earth do they keep shorting PMO like no one else?!?

Krakenoil... I am not taking the bait this time. I served a one week ban here because of you. So this time I shall congratulate you for getting 5 Likes on your post calling me names. LSE will allow you to do what you want and ban me for telling you who you are, so I shall refrain from all conversations with you and whoever else is on your level. So long and good luck with your beloved ENQ. You seriously need it

Plebeens... I have no idea what you are talking about, but I take it that being Friday night you are somehow intoxicated. I shall leave it at that, as I do not wish to report you.