Member Info for sankeys

He's changed his MO recently to suddenly become ' nice ' members, but is still peddling the constant negative themes. He says he's been stuck for 5 years, yet the SP reached 150p only last year which would have got him most his money back.
He doesn't own a share and only ever turns up here when the SP is rising...

Oil revenue gained is made up of profit oil and cost oil, of course as you ramp up production you gain back your cost oil quicker, however it shouldn't be seen as a lump sum, more a rolling revenue figure.

He only has one angle and doesn't own a share.

He had his member chopped off, that's why he's so grumpy.
Dismembered is his stage name.

It will be US shale and it's direction which will be key driver, I haven't really looked at the state of play for some time, I believe Geo has a working knowledge of what's going on.

Oh do shut up.

You seem a nice person, not. Being a Jones I would like to confirm this isn't usual for Welsh hospitality, of course you always get one kn0b end in every village, let's hope there's no wipe out 2.

Gkp is a ftse company, thus has to follow certain rules
https://www.foxwilliams.com/news/1054

How much capex to 55k bopd? Plus after the restructure they might find it prudent to have cash in the bank. They are not allowed to buy stock without informing the market, full stop.

Gkp has apparently been in a close period due to takeover for ten years now, maybe the truth is there is no takeover?

I haven't looked at Tlw for a while, but when comparisons came up before you would have to put reserves in as a key metric for valuation and upside resource. I still believe tlw has more reserves and a big slice of PMOs are with Sea Lion, which has a high risk attached given its not got to ahead and the capex needed to FO.

Maybe out of the $1bill EBITDA.....if that's there negative it's probably not worth reading anymore of the article. We all know funding is from FCF.

45K bopd must be worth a decent sum, can't remember the $ profit figure per barrel.

I think you would round up to 73p really if you weren't trying so hard to be negative. Tlw and Enq down, PMO is traded far more as seen with last year's rise to 140p, a far higher rise than either of the others. GS are dictating the SP at present, but given their underlying long position it doesn't bother me to much that the result will be positive medium term.

If a placing or RI or CBs is coming on a VWAP then GS could be looking to hold the SP for a client. It's never a good sign.

Disagree, PMO has a number of assets that are diminishing in production and needed to be replaced short term, yes Tolmount but I'm looking at oil production. Zama is some years off and SL is kicked down the road every year. PMO will need to add production in the next 24 months to ensure growth and ratio maintained.

Not possible at all. PMO will not be buying all the assets, they will either buy certain assets which have a quick ROI given the tax credits or they will join with a partner to buy all. Of course they can like the Eon deal sell off certain non core assets to bring money back to the cash flow. If we say the end sell price is 1.2 bill, I would think PMO will take upto 600m of that with upto 300m burden for legacy shareholders. What that in pounds? 250m ? Placing and RI, 150m rights issue would be circa 1 share for every 4 held? Not massive pain given the transformation thst it will bring. I'm guessing the math whilst writing so may be out but in general those numbers I think would work, the banks accepting 300m more debt if shareholders put in the same. To many people get hung up about absolute debt when its the ratio thats important.

Capex has been minimal compared to spend needed to try and hit the ever stretched production targets. Cash burn will be higher with payments lower as production is effected. If the WI is 80% there are no back costs.

He has always been negative, constantly moaning, and one of the nutters who forever compare the SP to Brent, Enq, Tlw etc. Hopefully he burgers off for good.

It doesn't take alot to work out that the Trev poster is the idiot from Advfn. Why even engage with the village idiot? Fools gold imho