Member Info for ralph2010

Rise based on hype and PMO have just released and update that doesn't look good for Sea Lion, its the least of their worries.......They state balance sheet first and then they may invest in future projects. They are still skint basically, what a useless farm out RKH BOD signed up for, why are they still getting paid?

pile of crap, PMO are in no rush, balance sheet first, I can see FID being pushed back further, just like all the other times

Happy to be proved wrong. But historically RKH drops like a stone on the slightest whiff of bad news and this update is not what people were expecting. they have made no progress with funding in the last 6 months. LOIs are not worth the paper they are written on. Are we being taken for a ride here.......??

Nowt happening anytime soon, rise unjustified imho. Big drop today and back to the 20s in the coming weeks, when nothing is still happening just like the last 8 years......

n the North Falklands basin, Premier remains focused on securing funding for the project ahead of final investment decision. Premier is completing the selection of the main contractors for the project and is finalising letters of intent to underpin the contractual arrangements and the provision of vendor funding for $400 million. Premier expects to appoint a pathfinder bank shortly to assist with the arrangement of senior debt facilities for the project. Same drivel, no progress .........

" We are on track to deliver our plan of material debt reduction in 2018 and 2019 with selective investment in our future growth projects from 2020, once balance sheet strength has been restored.� Doesn't look very positive for Sea Lion to me..........FID in 2020 now?

My heart sank when it was announced as PMO. Were there better deals on the table ? I would say not, they wouldn't deliberately pick the worst deal I'm sure. Its easy to blame to BOD, the whole Oil industry was in trouble at $26 a barrel though, I don't anyone expected that. The acquisitions haven't been great, but now at-least what they bought is paying for the running of the company with a bit left over now. Might even get a big payout from Italy early next year

Ceiling now hit I think, unless some news is forth coming......... could be a red day

Please stop giving financial advice, do you not remember when people lost alot of money listening to you...?? NONE of us know whats going on. Its fine to be positive, but spouting prices levels is not right. The best thing is to wait for an RNS and then make your judgement, based on facts.......

I been trading 10+ years and they have NEVER come true. Its good it positive though, a sell recommendation usually does some harm with a crap price, but hardly ever get a lift if positive.

Don't be silly, he doesn't know anything. It was always binary, funding = worth a shit load, no funding = worth nothing.

Perhaps some kind of tie up, obviously, or is this all speculation ? If we knew, we wouldn't have day jobs.....

Screen still intact then ? lol. I want an RNS to confirm something here though........

The past doesn't really matter. It did reach over �1Billion market cap and 550p per share, with no funding to actually get the oil out. It depends what deal is made here, if a major comes in and wants to develop Isobel at the same time �1 would be crazy cheap. If they scrape the funds together with just RKH and PMO then �1 is a fair value I think. The real value will be when Oil is pumping and the Oil price is circa $80-$100.

I got in here at 62p in 2010, missed the 350p spike , held on for a good while and sold at 120p. My god what a disaster. Sorry to anyone who lost out.

Dont think it will be anything like BP levels. But Shell doesn't make too much sense to me due to some pretty big commitments in Argentina still.

That has nearly doubled in the last 3 days too

"I�m in the industry, have been since 83, worked for several of the majors in both staff and consultancy roles - been on here and advfn since 99 and work on major projects (currently FGP and WND, so I am in contact with many engineers /managers on many projects. Cant say it�s true but it must have some substance else it wouldn�t have been mentioned to me. I�ve been in DES/FOGL /RKH for a long long tine and will continue in RKH for the duration. Take it as you will, I was only trying to share what I had had mentioned to me and a subsequent bit of a google search unearthed something that made a bit of sense."

Thats not PMO then is it. I wouldnt mind Shell buying us for �2 though and they can afford it

PMO cant afford to, how many more times ? PMOs holders will NOT want anymore dilution. 150p for RKH holders would result in PMOs holders getting absolutely shafted !! And then some! The only possible way is if they already have a fresh farm in partner and stab RKH in the back.........