Member Info for mrc_mrc_mrc_mrd

Everything seems to be unfortunate in your opinion Stevo.

Cheer up Buddy!

You’re not still on the sauce are you?

Lol, unfortunately the mask has really slipped over the last few weeks Stevo.

This is great. We have just found an extra $20m that can go to the dividend or buy back fund.

Stevo - take a look in the GE prospectus.

I would be interested to hear your revised figures following the correction.

Thanks VoR - that saves me digging through old documents and working it out. Not a bad rate in the scheme of things.

Interest rates likely on the way down now so we will have some improvement as the variable part of our rate (RBL) goes down, and possibly even opportunity to refinance the bonds /term loan

Stevo - where are you getting 13-4% from for the RBL. It’s 4%+benchmark rate (LIBOR at approx 5.5%)?

It’s a bizarre arguement. They seem to only want oil to be produced if it is handed over to the state.

Either that, or a sort of, well we can’t use it therefore nobody can have it. If every country took that stance then an awful lot of refinery capacity would need to be built and a lot of existing capacity would sit idle. Either that or we all get our sandals on and walk everywhere.

Thankfully the unions are not stupid.

606800 passenger cars were exported in 2022. Why are we producing these cars only to send them abroad!

The economic effective date for GE was 1st Jan 2021. So 14 months after closing the deal but 2 years of production. Approx 10k per day in 2021 and 6k per day in 2022.

2023 looks to have stabilised the decline, albeit with some additional investment.

I think we will see production rise at GE in 2024.

Man / Stevo

Oil and gas is risky. It’s not unheard of for reservoirs / wells to misbehave. Hindsight valuations are pretty pointless.

This was a much better deal than Waldorf got for Cairns assets at the time.

Golden eagle has a long life left in it and lessons will have been learned.

My new strategy is to buy when BTFATH1 sells, and sell when BTFATH1 buys.

I agree EP is worth the valuation.

But they are buying into the project and development concept as a package

Sounds like there wasn’t much to report from the AGM. Never mind- maybe this time next year eh

Bit of profit taking from the Baron and co. I’m expecting a more sustained re-rating after the holidays.

Crusty- I would be cautious of this BOD. The company needs to be delisted and costs cut substantially to ensure that Ruvuma funds are distributed to SHs. This is obviously not in the BODs interests.

I would be looking for some guarantees before allowing them to sell your assets.

Great opportunity to get in under the radar IMHO. This could be the start of a really decent turn around story.

Bressay gas ticks decarbonisation box and gets us away from diesel costs at Kraken.

Excellent, some cash released from EP, and some clear direction on a substantial project. There seems to have been a lot of work going on behind the scenes.

Jesus this guy has no shame

“a sale so that the team can carry on and given the circumstances not a bad result for Scirocco.”

Surely a great result for the BOD and a terrible result for those who are continuing to pay for their little adventures. I don’t think they will stop until they have transferred all shareholder funds to benefit themselves and their associates.

I mean surely everyone just has to LOL at this.

Shareholders fault of course for not keeping the dilution tap running!

I feel you’ve gone too early here BTFATH1

Now that we have cleared the Swedish selling this should outperform IMHO.

Has anything negative changed since you originally invested (except of course the SP going the wrong way)

Stevo - I’m not convinced you have any idea how far away E are from submitting a FDP.