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I think you will find 60b is in SEK ie a little under £7bn
Does anyone know the
situation with the Unitisation of Zama re Pemex interest.
The latest on SOLAN P3 it should have come on stream at th beginning of this month.
Anything on Tolmount.
Thanks
Thanks Kilgeever, perhaps you would be good enough to enlighten us regarding any information you receive regarding ARCM.
I am in contact with my. MP who has been helpful regarding my concerns with ARCM and the FCA.
I am starting to think it may be best to refer the matter to the SFO.
Many thanks for you efforts the more of us who enquire or complain about ARCM’s effect the more likely the authorities will feel pressured into looking into the matter.
Does anyone know if it would be possible to structure PMO in such away that they could sell the 4billion tax credit, then use the funds to pay off some .
Thanks Thoth, it is a great pity that more people do not complain about ARCM, I have been pursuing this via my MP who I feel is doing his best as he raised the matter with the Treasury who gave a less than satisfactory reply and it is Ewing pursued further.
I would urge anyone with an interest to make complaints to their MP, the Treasury and/or the FCA, the more concerned expressed the more likely they will start to take this seriously.
Hi Funkysausage, here do you get the information that there is only one buyer for Zamia?
Some are confusing pounds for dollars, can make quite a difference.
However more importantly any views on what TD might pull out of his hat next Thursday
Does anyone know anything regarding the outcome of the distribution of reserves between Zama and the adjoining block or if the sale of PMO’s interest is nearing completion, hopefully some up date information may be forthcoming at the AGM later this month.
Does anyone know the possibility of further finds in the Andrew field or how its life might be extended, if GEO is out there still his balanced and knowledgable input would but most appreciated
I totally agree the FCA needs to deal with ARCM not just regarding PMO but also to ensure the market is not manipulated by those who want ignore the rules.
IMHO writing direct to the FCA is a waste of time writing to your MP or the Treasury who are responsible for the FCA will produce more pressure on the authorities to sort this out.
Although airing concerns here is fine The more who express their concerns to the authorities the more likely they will be aware of people’s views.
Dodger,
Agree the FCA will do nothing unless however those concerned approach the Treasury who are responsible for the FCA, the best way IMHO is through your MP or direct to the Treasury not to the FCA direct who will only send out some generic letter. The more letters of complaint the more likely are we to get a fair resolution.
For those who vent their annoyance with ARCM/FCA on this board, which is perfectly reasonable if they want action write to the powers in ultimate charge.
Let’s hope the outcome recognised all parties interests, figures crossed.
I quite agree ARCM notification of their short needs investigating, so in my opinion people should write either to the FCA but preferably to their MP or direct to the Treasury as I do not believe the FCA will act, after all they have already had over 6 months so pressure needs applying To force some action by the FCA. This is not only for PMO interests but also the future investments in general.
No offence but writing on this board is fine but a direct approach with those in authority is where it might count.
I think it would really help if everyone wrote to either their MP or direct to the ‘Treasury‘, who are responsible for the FCA, complaining about how ARCM built this up without notifying the regulator as required by the rules.
The more pressure on the (FCA) and ARCM the better, ARCM cannot be left unaccountable for their actions and the ongoing problems this has caused.
This is not just about ARCM it is also about the FCA who are meant to police the financial sector and ensure the rules are followed. So far there has been nothing to suggest this has happened.
In my view it is everyone’s interest, not just now but also for the future, to ensure the rules are enforced and ARCM’s apparent disregard for the rules is a prime example where the FCA need to not only act but be seen to act.
ARCM built the largest short in Europe by ignoring the legal obligations and therefore any company that does so is not imho to be trusted
Considering the current environment the debt reduction of £80 m in Q1 is at the same level as first quarter last year, well done PMO. Plus they do not need to reduce debt to zero just to a lower level, I would have thought another £ 500 m would be enough, so with a Zama sale we may see things vastly improving regarding debt levels towards the end of next year.
Can I suggest you all write to your respective MP’s about ACRM’s non declaration of their short. Asking, what the FCA are doing and why they prefer not to publish there findings, as it is surely in the public interested to know that our regulators are acting and applying the rule of law in a fair way.
I am awaiting my MP’s response.
The reduction of 0.12% is equivalent to approximately one million shares interesting move by ARCM which I guess will only continue