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Https://www.msn.com/en-gb/news/uknews/miliband-facing-labour-revolt-on-north-sea-drilling/ar-AA209YeJ?ocid=msedgntphdr&cvid=69d1740f2d404f569693f7d5c50c5d09&cvpid=1f56105bf35145cd9bc97a9db0ad19d3&ei=9

Apologies for the bad grammer.

Neversellshell - I'm not sure if this is correct, but I use the Dutch TTF gas price which is quoted in EUR/MWh and which is currently sitting around 50 but has been as high as 70. To convert to $/MSCF you need to convert MWh to MSCF (x0.33112) & then EUR to $, I use a conservative (x1.1). This gives a current price of $18.2 per MSCF. If anyone has a better method I'd be glad to know.

My current forecast FCF figures are in line with other posters on this board which are in the region of ~$3.0b giving a potential minimum return (45% of FCF) to shareholders of $1.35b in the form of share buybacks and divi and represents a 30% yield!!!

It should be the case that the leverage ratio will now be < 1 and it was stated that shareholder distribution would be at the higher end of the 45%-75% range however I think it would be prudent to distribute 45% and use the remaining $1.65b to pay down the debt as next years FCF will probably not be the same bonanza I am expecting to see FCF ~$1.5-1.8b and have a stable and incrementing dividend with bags of cover is the way to go.

With the current reported situation that the gulf states are putting pressure on Trump to "finish the job", could the Saudis (ie MBS) threaten to unlink the sale of crude to the USD for leverage - breaking the petrodollar system that is the only thing currently allowing the US to maintain (and increase!) its staggering levels of government debt without hardship? Thoughts anyone?

This means our LLOG production is even more profitable!