Member Info for Rookie1

A lot of buyer coming through after close.

I may be wrong but at them tax rates I have sea lion as working out slightly better at $60 oil?(yes I do hold rkh)
Sea lion should also be a much larger field in relation to PMOs percentage of ownership,I realise the capex is much higher but if this was farmed out sea lion would be by far the more attractive option surely?

That was meant for Pmo. Sensible posters over there.

I may be wrong but at them tax rates I have sea lion as working out slightly better at $60 oil?(yes I do hold rkh) Sea lion should also be a much larger field in relation to PMOs percentage of ownership,I realise the capex is much higher but if this was farmed out sea lion would be by far the more attractive option surely?

Great post,thanks. Didn’t realise the taxation was that severe in all honesty.

Thank you.

What’s Zama s estimated cost per barrel please? I’ve read average opex on the rest of the portfolio is $17-$18 someone’s mentioned $45 even if that’s including capex that seems to high?

I agree after spending a while reading up on Ophir, surely anything less than 65p is robbery, has to be 70p.. a company that has weathered the storm and now looks to have a bright future should not be sold out so cheap, especially with what I can gather the Opex per barrel is as cheap as you will find. Selfishly I would like a drop in the morning so I can buy a few.

Much appreciated new KOTB. I’m looking to buy if the price doesn’t spike from here, I agree with other posters as this has to worth 70-80p surely. Did I read correct that they forecast 300M revenue in the next 3 years alone?

Hi all, doing a bit of research and wondered if anyone could tell me Ophir proven resources after the latest acquisition? For some reason the website was last updated in 2014?

Imminent was the appointment of a pathfinder bank as far as I’m aware.. Forget OM it’s a bonus if we get anything. Financing-that is what we are all waiting for. Don’t see why they would need to raise more capital and dilute if finance gets agreed? Completely agree, it would be nice to see Sam buy some shares. I think pmo will sell off Zama to pay down debt, just my opinion. There’s a lot of ifs, but that’s why the sp is at 20p and not £1+

Good news on Zama could pull us back up to the late 20’s maybe 30’s, huge sellable asset for pmo which I believe they will cash in. I see pmo possibly hitting £2 this year if that comes off.

Of the rns and im taking more positives than negatives from it. Still think 2019 is the rocks year,nice broker rating from peel hunt aswell.

me positive news after some digging:

Discussions with UK Export Finance & HMG have taken longer than expected (Brexit has been taking up a lot of time!) but they are now close to completing their regulatory review.

An Argentine lawmaker claims that the US oil corporation Chevron which is investing heavily in developing shale resources in Neuquen with YPF is a partner of Oil Spill Response Limited that is also involved with the oil companies operating in the South Atlantic in Argentine waters but licensed by the Falkland Islands government. “Chevron Oil which signed a controversial agreement with YPF to develop the Vaca Muerta shale resources is an investor partner of Oil Spill Response Ltd, OSRL which is advising and servicing oil companies Noble Energy, Falkland Oil and Gas Ltd. (FOGL); Borders & Southern Petroleum; Desire Petroleum, Rockhopper Exploration and Argos Petroleum”, said lawmaker Julio Martinez from the opposition Radical party and who represents the province of La Rioja. Old link just wondering if there has been some history with chevron before that I didnt realise?

About that Rumour about pmo possibly doing a deal with chevron in the North Sea is that for a possible slice of equity in SL? It would be perfect for Pmo to take a percentage of a producing asset to pay down debt while bringing in a partner to help fund development? Thoughts?

Charts repeating last December into jan pattern? Around 60p -100p

Could anyone give me a quick run down on the current finance package in place as none of the RNS will load up on my iPad. Who do sxx have deals with and what terms? Thanks In advance

Can’t say any fairer than that mate. Atb

I actually happen to agree with you that right now is a great entry price with potential of a hell of an upside, it’s just the way you post about it I don’t like, I have no doubt you have deep pockets but some holding are not that lucky.