Member Info for molokai

Morning all..... I see the doom merchants are at the door, we must be getting closer to news.
31st March isn’t too far away.... 20 days self isolation at worst...:-)

hi Findme... I'm repeating SP recent wording of supermajor and what companies fit that bill. Up until recently I thought we were drilling 100% equity and west saturn was booked with a farm in after drill, but Im trying to get my head round our roadmap to drilling rns, extension to CLN with the possibility of a reduced drawdown rns and this supermajor thing and it all points to farm in...I cant work out who though..
seperatley... I used to meet regularly with a few of the Maersk fellas at Inst of Petroleum(pre inst of energy) early 90s, nice people.

Mmmm.... Did someone recently mention the word supermajor?
supermajors are considered to be BP, Chevron, Eni, ExxonMobil, Royal Dutch Shell, Total, and ConocoPhillips.

Judge.... any one of the seven sisters and we are in boom town.

Cheers for the link Linton....
Quote from the guardian:-. ‘We don’t hear anything about the fund that was supposed to be set up for Bahamians, we hear nothing about that.’

Where do some of these environmentalists think funds come from?? It baffles me that they demand money and yet have no idea on how to create wealth.

Inconceivable was bang on the button last week suggesting 2.5p would be hit... at the time we were 4.5 ish and I thought he’d discovered and emptied my rum stash... but well called fella.
Inconceivable......Did you load up?..... (I did)

I know we’ve all read yesterday’s RNS multiple times but for me this really stands out as real positive:

2. Prior to 31 March 2020, the Company (at its sole option) can notify the Subscribers that the Company wishes to scale back the amount of the Convertible Notes by up to 50%, at no cost or penalty to the Company (the Company has previously noted that, should alternative financing become available on terms more advantageous than the Convertible Notes, it would consider substituting part of the Convertible Notes, thereby achieving a better outcome for shareholders.

GL and morning fellow punters.... bit of a shiit storm to say the least!
No time for tears & I’ve added more BPC, ECO & BP this morning.
My holding here is a bit bonkers when I look at the £ values but I’ve always been in for the drill.
Nothing in today’s RNS has changed my opinion and that we will drill. I can’t determine drill date from the release & I could be wrong on my 10p by April target.... but I do like the word Super major...so if the can gets kicked down the road in exchange for a caped crusader then so be it.
As potter states... this will be a transformational year for our company....

I was about to add more last week at 25p... but got distracted then saw it climb to 28p. Today/this week is a shoppers dream imo...tittle tattle in the mid east is nothing new, Ive loaded up this morning and have 20% more than my original target. Holding for the drills 2020/21 no rush.

I think you’ll find it’s the Saudis & the Russians that own the planet today...

Just a thought..... the Bahamas tourism trade will probably take a hit this year....the cruise ships certainly will.... if only the BG hadn’t dragged their heels five years ago over the issue of drilling they could have been receiving 25% royalties by now.... That’s me until Tuesday, off to Paris for some red soled shoes!Have a great weekend all!!

America names it’s next Mars rover Perseverance.....

America's next Mars rover will be called Perseverance https://www.bbc.co.uk/news/science-environment-51761833

Yep, I have the next rns for Tuesday... makes sense if CLN date is 9th.
About 106 hours... but who’s counting... me!
Rubber stamp that and then on with the logistics.

I know it doesnt effect us as we are some years off of production but opec cut 1.5m today and Exxon scale back permian shale.....mmmmm a dream that Exxon take a leap into the Bahamas and kick shale into touch...

https://business.financialpost.com/pmn/business-pmn/exxon-slows-pace-of-permian-development-after-oil-price-slump

Prospect- thanks for the link.... I recall the bod were recently due to visit a rig for inspection while it is in port.

These small moves are irrelevant to the big picture. I'm just thankful after years of waiting we are going to dril for oil.... literally within weeks. I'm also thankful-by luck and a bit of judgement-that I dumped most of my so-called safer holdings in 2019 to put in here and fully loaded up on the OO and extra share offer.... I'm not selling any yet btw.
GLA with your choices

I love the smell of an RNS in the morning....... the line Rob Duvall wanted to say...

feels like yesterday we were waffling on about Zarubezhneft and Cuba.... its been 8 years!! Am i waking from a coma?

prosp[ect.....everyone knows of Greta... loves dolphins, unicorns, ice cream & multi national oil companies..apparently

its written in the tea leaves that 4.80 is a barrier of the mystics and wizards, but imo its boomtown once we have our flurry of news....CLN, rig etc expected in as little as the next 168 hours!! Countdown is on!