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If you can get paid of the Egyptian government, I consider that as risky as Kurdistan producers.

I can see what you mean Lexion and it definitely looks investable and see the similarity’s, it was more of a comparison between mcaps. I suppose before (if) the marathon deal they are very similar, but jse is worth twice as much.

Charts show it never hangs around for long once 80p is broken, each time it has rallied to £1 within weeks.

I was even looking at Jse last night, and although looks to be In good shape, I have read people comparing it to rre and I can’t see how it even comes close. And that has a mcap of £220M this has to be £24, and if it’s not I have funds ready.

After how all the other RNS have been worded I’m not selling here, I’ll just hold on until an update of the next move. They will probably turn around and say actually it wasn’t clay we’ve hit 5 billion barrels of oil next week.

What is left to buy?

And Pmo looks well undervalued compared to others such as tullow. If I have worked my comparisons out right Pmo should be somewhere around 1.2B mcap roughly £1.50 a share to catch up with others?

Would it make sense for premier oil to make a bid for Ophir? North Sea and south east Asia are pmos main plays. Then they both have Mexico interests. I’m in Pmo and would sell Zama in a heart beat to buy Ophir with an extra 29k boepd at cheap opex. To me that would make slot of sense instead of bidding for expensive chevron assets.

I can’t beleive the bod have the cheek to say 55p is representing fair share holder value after results as strong as that, it’s absolutely shocking. I hope the deal falls through and I will be piling straight back in

I didn’t even know there was a drill ongoing in Mexico? What is going on here?!

I’ve read so many articles on shale but the one I read which stood out the most for me was one which said shale is propped up by bonds (bit like them nasty mortgage bonds of 2008) and these bonds are the only thing really funding drilling now the capex is already starting to outweigh the profitablility of it. Maybe Trump thinks it’s worth it to keep oil suppressed and stall any looming recession for a bit longer but it’s going pop sooner or later by the sounds of it.

This ******* is everywhere, Spends his life on forums of shares he’s not invested in telling everyone there all going to plummet. Imagine what a life that must be.

I do like the bit about the pipeline tariffs.
If this deal goes through I would like to see a farm out to derisk on this, capex of 450M is a little bit fruity for me when I still have IOG going to cost around 80M with these loans,

I realise AA focus is the North Sea but for that sort of money you could buy Ophir and sell off assets but keeping the low opex 24000bopd sea assets.

What the situation is with great bear petroleum if they decide to buy another 10% how much will that cost them? Says they have a right to the option on the original rns when the licence was first agreed

What if great bear petroleum excerices their right to buy an extra 10% after results then they have to pay 200% of their share of costs so far? Is that right? Not sure how much that would amount to though.

Market makers and shorters, my two favourites. :-)

I can’t say I agree, if I could help a lot of PI’s make a 10 bagger on their money I would, wouldn’t cost me anything! Anyway probably bollocks.

I know it’s just Twitter and I would never invest or increase a holding based on a tweet, but it still gets me excited.lol
@leftrightboy is saying he has a contact on the ground and 170-185ft net pay

Can’t hold this back tommorrow surely, all the profit takers must be done, on to 10p. Has to...

Is going to be a monster if it keeps Zama and sea lion. 200kbopd, what would the sp be by 2022?