Member Info for ralph2010

The comparison is valid. This reminds me exactly of that. They released LOIs and bla bla bla.

There is still no funding, after 8 years, still no finding, bla bla bla

Whilst Sam Moody is still a millionaire on his over inflated wages !

Yes, up overall, but down on my last tranche at 92p. Since they are down so much, I thought I may aswel see this through to the end.

This could end up a stellar investment for sure! I am hoping for the FIG to slash Taxes and someone like Nobels jumps in and takes 35% off PMO, becomes operator farms into Isobel ! Wouldn't that be grand!

I just cant see PMO and RKH getting any further alone and feel the BOD have not been honest!

More deluded you mean. Dont like truth, so ignore it? Great logic that !

I remember the Anadarko rumors at around the same time, if only! When PMO was announced this immediately dropped, I had to look them up, I thought it was the ferry company hahah!.

Simon Lockett then got binned shortly after and I suspect it was because of the RKH deal, they bit off more than they could chew and it put a mill stone around PMOs neck. It concerns me that even with Oil at $120 a barrel PMO seemingly didn't have the money or clout to take this to production. I just cant buy Oil being at $70-$80 for a few months is going the change the picture, if they couldnt afford it then, they still wont now. A new partner is needed I think. FID end of this year so they say, whats to stop them issuing another RNS stating they have moved it to 2019 ?

I have always been clear about my trades. Very well up and sold the bulk in 2012 when the PMO RNS came out, I knew we were in trouble and so did the market! This was dropping years before the Oil Price crash, simply because the market knew PMO had no money!

I bought 1 tranche at 92p, but I had left a few 1000s token shares in to see what would happen.

All positions and trades aside, I would like to look at facts - So far there has been 500 million spend on this venture and its only worth 186 million. That is a huge value destruction ! For 8 years we hear the same generic garbage "We are making progress to first Oil" As yet there is STILL NO REAL money on the table to get this Oil out of the ground! Noises seem to be positive, but still nothing concrete. Are we being scammed ?

They are making the right noises, job adverts etc, better than silence I guess.

But I remain convinced that a new partner will be needed. Even with export finance it would still mean more debt for PMO and they are restricted now and I cant see their share holder accepting more debt. They could do with 18-24 months of Oil $70-$80 to really steady the ship. Could export finance be differed for repayment?

Also about time the FIG pulled their finger out, slashing the Tax on this should have been tabled a year ago to get some interest!

Don't need to "man up" to anything since I am well up on this stock.

Its the 8 years of BS since discovery. I dont care that im in profit , what about the people that arent?

Still no money on the table. A bank that hasnt put its hat in...... useless

Grey little tree rat. The RNS is dull and the market thinks so

still NO MONEY on the table! That is the imminent news..............yawn,

no more news for 6 months, but by them im sure useless PMO would have some reason to drag their feet some more, So back to the 20s I think

Isnt the bank supposed to put in some $millions? So we have a path finder bank who isn't getting involved themselves.

Failure to find funds again

Well 20p came true, not matter if oil was found or not.

Buts its OK, the BOD have netted 100s of £1000s with this shambles !

Isobel is likely much bigger than SL. We know where Oil water contact isnt. Check out Marlonmonkeys post on it, if you can find it on II that is.

Why are you assuming anything? You dont know when I have traded, I could traded today, who cares?

You are like a stuck ramping record. Do I complain ?

nearly got to the 20s! I just don't think PMO can do this without a new partner . How do you know how im trading?

I dont have to answer to you anyway

The carry is worhtless, thats why the share price is where it is. Why would someone take over this and have the same problem with PMO being skint?

Unless they take some % off PMO too and become operator

Didn't buy any DES, I wasn't that stupid. I am just pointing out you were posting like you knew something, advised people to follow you and lost a alot of money for all involved

Who was talking to you? You have lost your shirt on FI oilers! Remember DES and "follow essex" etc etc

I lost on one tranche thats all, not bad after 10 years trading........

Go boil you head. This has still been disaster for most, im rooting for them.

Don't care what you were doing, don't patronise me and jump to conclusions is the hint.

Wrong, I have been here WAY before you and most posters here! I bought in at 38p before SL, sold 80% of my holding at 320p when the PMO ,so called farmout RNS was released. I knew it was crap then

I then bought 10k at 92p. Still well up over all and have traded a couple of times since to ease the pain of the bad 92p buy back

These clowns were telling the market they were going to join the main market and were declaring "jackpot"!

Over 8 years is ridiculous and means something is wrong and the reason why this is in the 30s. STILL no signs of any money! Just BS words as usual and they cant even get imminent correct!