Member Info for oiluser

They really ought have picked a down day for oil to release the questions, and every asset is costed based on assumptions. Some of the assumptions are generous and most are average. But 6 months ago they would look different. 6 monts from now who knows, maybe cheap. ARCM are truly desperate. Probably installed bars on the windows in that HK highrise.

When one thinks of the psychology of ARCM you would have to think they are scared. They have posted publically some questions on the aquisitions PMO are after when in fact their normal route as a lender would be directly to PMO. They have chosen publically as they hope to knock the SP back. Oil is doing that, remember last time oil was at these levels, what was PMO?. 60/65P.

Couple of questions to ARCM who hold 455million or 18% of companies debt, why has this not reduced in line with debt repayment? 800million off debt in 2 years and no drop in ARCM position.

Seems to me ARCM are clutching at straws using words like ambushed, they would have been involved in these conversations/negotiations all along as a big holder of debt?. 41 from 42 lenders support, 1 obviously doesnt. The one that doesnt has a big short in play. Go figure what their MO is.

I think he was juiced up (thats often how he sounds) but in general he liked the numbers associated with the acquisitions and also the farmin. They were avin a laugh about the "big short".

I see andy p trying real hard to raise suspicious on advfn. ADG doesnt realise that andy posted multiple thousands of posts on here during refi and all was deleted conveniently when he was proved to be completely wrong about the behaviour of the SP after the refi went through. Could get his head round the fact that the sp had to go to 104 for conversion. But he did scare off a bunch of people from pmo. And they all lost money. Anyway, dont listen to me or fkrs like andy. Make ur own decisions. PMO are doing the right thing short and medium term. The market doesnt think about whats going to happen in 5 or 10 years but it is interested in last, this and next year. Getting debt to 1x by 2022 is the target. Refi in 2022 looks forward from that date. ARCM trying to get people to dump, get SP down but it seems to be hangin in around this mark. Oil dropped tp 50 this time last year, it does tend to drop during winter. 54 for wti, shalers must be chitting themselves. 40 billion in debt due this year and 200billion over next 3 years. And exxon can only afford so much permian considering it was their worst performing segment last year.

OPEC + playing a blinder.

I find it hard to believe they posted that tosh about cashflows being BP,s. Then again maybe the loons are running the asylum over there in HK, a year of unrest and all the experience has moved on, or they have the chinese fever.

Looks like they are letting kids invest hard working peoples money.

I think i have no choice but agree.:)

Ok, i see where i went wrong. The presentation shows the andrews field delivering 1billion by 2025 whereas the announcement states 1billion fcf by end 2023. The figure to end 2023 includes additional fcf from tolmount.

Was the pmo statement about 1billion fcf for all assets under consideration including the backdated free cash flow and in my understanding the tolmount additional 25% due to flow in 2021 onwards. Im happy to be wrong if tolmount was not included. Ive looked at slide and it implies that 1billion fcf is derived from it over next 5/6 years including 2019.

Yes its true but 1 guess why the tactic works.

Yep, maybe trump initiated it

Agreed he will try but i think it will cremate some shalers too. Also, the implementation of this deal will change a number of things including BE, which will be pushed down. I think that this is all considered in the forward plan. The reduction of debt / & debt ratio will reduce / negate the increased interest payments.

It takes weeks to go through a bid, its a meticulous process including more than just a price but legal and contractual terms also. If there are 10 bids well that just takes longer.

All they are doing is mulling over options re multiple bids....

Cant see how they can lose the vote but anything is possible. 75.1% is enough and PMO say its committed. I suppose arcm could but another 300million++ shares and block at shareholders meeting:). I think Zama details are known to tight circle, selection may be held up while all this stuff gets done.

I see andy is going nuts on advfn trying to get a handle on whats going on here, I believe he still worries about us all on here. Classic.

Quick question to emerald. If PMO got 350million tonight for Zama, would you think it wise to pay off debt tomorrow?

What negative comment?

We wont hear anything about its sale or completion date until after the court approval of acquisitions are complete. Thats my opinion anyway. Why fan the flames, wrt to arcm.

Oh dear vengor, did you back the wrong pony again.