Member Info for oiluser

They didnt last time round but if there is enough clamour he will.
I expect pmo are looking at other lenders entirely and debt will be restarted in 2021 but who knows if banks are lending, although i would have thought 5% quite attractive considering what interest they are paying out.

Hes on advfn, andypop. He cost a lot of people money last year.

Decom is abandonment. We paid 80million last year and 80 this year and not expected to change much over next several years according to presentations. This figure is included to the capex figure quoted for each year. Its almost funny watching this rinse repeat from previous times shorters were getting shafted. My guess is they fully expected weak oil prices by now with trumpy tweets (i guess he is otherwise busy) and tradewar and low seasonal demand etcetc. But its staying above 60 and that wasnt anticipated. Bloody great if oil stays where it is or climbs toward 70.

Expect more of this.

Looks very scare mongery if u ask me, figures wrong and 2 separate claims re lenders forcing asset sales and also looking for break up at same time. Which is it?

Think that PMO do now need to say something. As this is a uk paper making claims on behalf of lenders.

I think we will see a stream of leaks, red herring or otherwise and all to spook pi,s to sell

If its a short related to refi than why would they be confident that no mainstreet bank/s wouldnt take on that debt at for example 5%? In 2021.

PMO moved from over barrel to sitting on a stool since 2017. Anyway, what will be will be.

Probably buying oil oil futures also

You pay too much attention to andypop. He advised everyone on here over and over that pmo would see 40p before it would see a pound. Despite his knowledge of the convertibles which was also flawed as it dictated a conversion price of 104p. And to achieve it sp rose to that figure despite fundamentals. It dropped to 80/90,s after and then rose to circa 140 on fundamentals i.e. oil at 86usd. Like a signal to markets the kashoggi murder in istanbul sent oil into tailspin and it dropped to 50s as did pmo sp. If their short position is accumulated in the period of spring to autumn 2018, then they are still in profit so long as sp doesnt keep rising, maybe thats why they disclosed when they did to try rein in the rise.

It,s also possible that some form of capital raise is essential/mandated for S/L. That could depend on how much money is made on Zama. Personally i dont believe zama will net more than 300million but i will be happy to be wrong.

Funding SL. In the "long" term how can capital raise be so bad for SP. In the short term of course its is a pain but adding net pre any farm out circa 55kbod of good oil at forecast sub 40BE can only good in long term. Theres not that much oil out there thats got these economics.

Im hoping that this alaska drill results in another asset sale, remember that there are 2 elements to exploration and production. Element 1 is finding and proving up, developing or selling it. Developing is element 2.

Catcher reserves upgrade, charlie 1 drill, tolmount on schedule, zama sale, infill at solan, etcetc all looks positive.

Refinancing is for sure more complicated considering the types of lenders involved. But Rose and team are well capable, and likely risked the 2017 refi from all angles including HF lenders.

I made lots of money on pmo despite andy and his thousands of fear posts, is that not what were trying to achieve.

Anyone investing in oil needs to have lots of time and steel balls. Look at TLW last week. Same as PMO just years later.

Jeez grippa, just filter the muppet

Would filtering him not benefit the bb. I just did, reminds me of a spoilt child throwing a tantrum. It is possible to evade the tripe

Zama bids are in and opened!

I would like to invest here and in my gut i think its a steal. What concerns me are 2 things. 1 the unexpected and very high water cut and 2 the details are absent on mechanical problems with wells.

While high WC isnt a problem per say i get the impression that it was considered for much later in field life. That means they most likely dont have capacity on FPSO to process this water and implementing it will be a high cost affair. Hence production constraint.

What mechanical problems with well and more importantly higher than anticipated decline. While mechanical issues can be fixed with capital investment, faster decline rates than anticipated means they got the modelling wrong and this is worth being concerned about.

Im waiting for info on all this before investing, but in fairness its likely 70 worst case and 80 expected.

Members puzzled. Hardly a surprise.

Convenient:)

Did anyone call her today about the shenanigans

Thoughts with you mrd.

You have become childish of late. I was addressing geo101 in anycase.

Is Charlie 1 classified as appraisal or exploration well?

I didnt expext an RNS, why would we get one when we didnt last week. This sxxx is going on since summer time and no rns.