Loudspeaker. It would have been a raise at that if Orion Who are known to be like a loan shark didn’t help out .... for now.
The big problem I see is if Bmn need more money on the future then Orion will take them to the cleaners like they did with weatherly international who produced copper. Luckily I wasn’t invested in weatherly but my brother was.
Just watch out. I’m not convinced with today’s rns.
Are also looking to sell spirit energy and they produce 70k bopd for their % and the other 30% is also up for grabs that does another 30k bopd.
We could easily buy the 30% and suddenly be a mid tier producing 30k bopd. Would cost us £250m probably.
There are so many assets on the market the BOD are literally spoilt for choice.
Seriously I for one can not wait for that day we Suspend and the RTO is announced.
Majority of fields and assets are producing many bopd and just think the bod took so many years just to get Faroe towards 15-20k bopd and today they can simply buy an asset that produces more than 20k bopd costing them so much less than the exploration costs and time Faroe took.
It’s why HH said “ it’s unfinished business “
I really feel they want to get LBE towards 50,000 bopd by the end of 2021 and first half of 2022.
RE: Premier Oil seeks another price cut for BP North Sea deal: sources25 Sep 2020 13:49
WS. Ofcourse it’s a buyers market and an amazing one to.
Just think that $150m would have got you a quarter of what it will get today 6 months ago .... today’s your basically getting 70% off asset prices that will next year be worth that 70% more. Crazy markets
Must surely be a leak. We have 40min of trading left. I’m going for 50p on the ask for today. Come on MC.
DDD. You make a valid point but how many investors do you know are calm ? Or stay calculated with risk ? Not many I guess. Emotions dictate investments and it’s human nature when you see your investment value fall that your mind frame changes along the way.
Let’s hope we have a nice rns of any sort to bump us up another 5-10% tomorrow.
Certainly looks that way with the sp turning blue and then rising further. Buys still coming in.