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AIIM invests in infrastructure not oil exploration. If you look at their ethos its the Nigerian debt and potential restructure which they could play a key part in.
until the PSC extension is signed, there is no business, AK has said that they will finance the two areas separately, has to be really given Aiim own 20% of Acugas.
January owed $15m
Feb to April $17m x 3.
$66m
As of end of May $65m owed, discount May as it would not have been due at the release of RNS.
So if the article is true, we are either saying that all old debt was repaid, or that more recent months have been paid.
If it is newer months that the $65m equates to, then why only demand the $15m
You have multiplied yours figures by 5, so you do not see and drop off in your plateau rate for 5 years?
Also any NAV in this market should have a 20% discount to it, i think Cas is worth 50p to the SP with route to market established and 20p for other producers and Coho. Chinook would if successful be the one to take it over £1. If the market improves and sentiment in O&G increases this figure could increase by 50%.
Article is nearly 2 weeks old.
strange Topinnochio that given your frequency of posting, you only start posting at evening your time, also like most sites LSE track countries, they are giving me the stats for this one later today, be interesting wont it?
What should be a good week with news is now being tarnished as Cobr is now seen as a ramped stock on a pump and dump due to the massive anchor Topi. All the idiot has done is listen to the podcast, you guys need to get real and manage expectations. Blue Sky hasnt even been explored yet.
I wont keep you as i know Madge and Harold will be round later to put a shrimp on the barbie.
Free float is small, however there are 100m shares to excise at 2p, now have to go as Dame Edna Everage is coming round for tea to watch The Sullivans on TV.
Dividend or share buy back programmes you would expect in Finals due late May. Personally I would prefer any cash spent on Niger FO and start div in 2021 after the covid issues will hopefully be history. A JV with a serious partner would be great, but we should not giving away 3 billion prospect resource cheaply.
theres a second RNS out
The end of the beginning
So if payments are being received, to add on higher production, what would be delaying the update?
Q1 final figures?
Niger CPR?
Farmout?
Additional Nigeria gas assets?
Existing and new iis being allowed to buy sub 10p?
I think there will be a Q1 update any day now, I wouldnt right of Niger either for 2020.
historically , the strength has been pre meet, not post. Depends your risk and timeline for investing. I really cant see a no deal, but will 10m bopd cut maintain the rises?
Alaska is non core and is not the driver for PMO SP, Brent is over $34, that is. One more dollar and PMO is at breakeven for 2020.