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JMO - our dim witted politicians are giving away �13 billion in overseas aid and the top ten recipient countries are also the top ten most corrupt countries in the world ! Meanwhile 20% of the UK population (13 million) live at or below the poverty line - check it out on GOOGLE ! And we need �10 billion to fix the potholes in our roads. Our pathetic PM says she will not reduce the overseas aid ! We live in a madhouse run by the inmates IMO ! Regards

about 122p on HFX GL all

Bulent74 - you have done well with Tungsten - Reaction to Trump by Russia and China is to threaten to ban tungsten exports to the USA - that would cripple the USA tech and aircraft side ! Regards

SB - the Saudis wanted $80 or more originally - $100 their wishlist target - and that was before Venezuela`s oil and gas industry collapsed and Trump`s attack on Iran`s oil exports and the world drawdown in excess fuel stocks and China`s increased demand for oil - so I think $100 is well within reach now. Regards

The next big step up should come on 12 July with the latest Trading and Ops Update - tied in with info on how the debt pay-down is going. As promised the BOD has spent about �200M (mainly on bringing on Catcher) so far this year out of a total of �300M allowed for the year - so the Balance Sheet on 12 July should look really good. Half year results next on 23 August. I am still very confident in the future for PMO - being now 72 years young I am confining myself to just one share invested and since buying in at 65P the compound growth has been steady at about 10% a week which suits me fine - my days of riding the bucking broncho of wildly swinging SPs are over ! Regards all PS - News item "Teachers have discovered why pupils are doing so well taking English spelling tests online - it seems that the computer underlines in red the incorrect word and offers the correct spelling ! " Well well well - and they are teachers !!!!!! Next will be History and Geography cribs !

Kilgeever - great post ! For those carping on about selling Catcher I would point out that the $2.7B debt is at 7% interest and Catcher is now producing profits (albeit at 50% of the 60K output) that will pay the whole debt interest for the year in 3 to 4 months at the present Brent price - but PMO is selling at a premium to Brent - so 3 months profit ? pays 12 months interest and the rest of the year is all profit. In addition we have profits from 66K bopd oil and gas per day from other producing assets world wide to add to the cash pile. Our BOD is presently trying to buy another 10% of Catcher to take it to 60% ownership. I just hope that there is no influx of cheap shares in a Rights Issue inter al which would dilute the SP Looking real good for all longer term investors Regards and GL

I was expecting that the RNS would say that Catcher output was being held at 40K so I was very relieved to see max output at 60K plus - when we add the other producing fields in this gives 96K daily output. Global oil stocks are now only 5 million above the 5 year average (last year at this time was hundreds of million above) so I think the next update from PMO will show a dramatic improvement for future debt repayments - Catcher et al now providing a safety net regardless of small changes in POO. Catcher is the "Jewel in the Crown" of PMO and only an idiot would suggest selling it at this time. Next big boosts will be Tolmount gas and Zama oil - late 2021 early 2022 for first gas and oil. This is now the safest bet on the SM IMO and although the SP is rising slowly the weekly rise is averaging about 10% In the words of the WW1 veteran "If you knows a better shell hole to hide in then go to it !" regards all

hydraides - I cannot believe you have asked such a stupid question - how old are you ? 16 is my guess Try engaging your brain before releasing the clutch on your keyboard !

If the BOD continues to hit all its milestones this year - Tolmount - Zama et al - there is no reason we cannot get back to 250p or 300p by first Q 2019 The more people buy the shares and hold onto them the more this little beauty will motor upwards at 8 to 10% per week IMO I am �15K up in profit since 4 April and intend to keep the shares till 2019 now that Catcher output is confirmed Regards all

The BOD IP on the home site said Catcher would flow "in excess" of 60K - and it is ! Top quality oil sold at a premium to Brent price. Now the dust has settled for a while I expect PMO SP to start tracking upwards again at about 10% per week. BOD promise of debt reduction to 3 times EBITDAX at year end ties in with the promise of 2.5 times EBITDAX by end of Q1 2019. For all patient longer term investors the future looks very rosy Regards all

SauerKraut - you are well named - will you just SHUT UP about selling the cat - you are tedious in the extreme Get off the BB if you have nothing useful to say

MakinHay - PMO production Update due tomorrow and the AGM also - perhaps this is the clue to RKH et al rocketing - only my thoughts - but it would seem to be linked Regards

I think it was 2009 when I tipped my son in law to buy RKH shares at about 44p - they then went up the next day and ended at about 450p. I banged out at about 220p but - no regrets - bravo to all who held for the 450p peak. It would be great if RKH SP went up to 220p again !!! Regards all - congrats to all in profit

Landicaamans - strangely enough I had a feeling that the BOD was hiding bad news and I guesstimated that the flow rate on Catcher was about 40K (Burgman not producing) so we will see on Wednesday if we are right - hopefully the BOD will be able to say "debt reducing" not "debt increased as it was at end 2017" A good hold till end 2019 at least IMO - golden years in 2021 and 2022. But no cash for Sea Lion ! Regards

We will probably get the long awaited Production Update RNS at 0700 hrs on Wed 16 May to set the scene for the AGM on that date. The AGM only deals with 2017 happenings so will not comment on latest flow rates etc so it will be the PU RNS that will decide whether the SP rockets or not - hopefully the BOD is not hiding bad news on the 60K flow rate which should have been achieved in April ! regards all

Latest today - Shell and ENI senior execs in court over Nigeria scandal- "corruption endemic from the very top down" regards

Shell is presently being investigated for prosecution in the biggest corruption and bribery case ever seen in the world - fines and costs will exceed BP losses on the Texas oil spill - so I do not think Shell will be looking at RKH Regards all

For best information read the investor presentation et al on the PMO homesite - Debt is $US 2.7 billion at end year 2017 and EBITDAX is $US 600 million so two point five times EBITDAX is $US 1500 million. The BOD is quoting debt down to about $US 1500 million by end Q1 2019. Unless we have a trained accountant (one of my trades) who has audited the PMO accounts and can dispute the figures we must accept the PMO BOD forecasts until proved wrong. As for selling the Catcher field - it is better to sell off liabilities rather than our best asset - the BOD is looking to increase our 50% ownership to 60% this year. Sea Lion - even if the go ahead is given at EYR 2018 the first commercial oil will not be produced till 2022 or 2023 at the earliest - with our present debt level we will not be able to raise massive loans to progress Sea Lion so we will be looking for a buy in partner. Sea Lion is a distant dream - Catcher is reality - ratcheting up production. Zama and Tolmount are reality for 2021 and 2022 full production All IMO only but unless we get a seat on the PMO BOD all discussion is just that - discussion !!! Regards all - listen to hydraides at your peril

NSTAbz - next week will give the breakout on the SP if the BOD words its RNS Production Update on the 16th very carefully. Previous RNSs have been badly worded and sent the SP down a bit - but subsequently recovered well. I think that longer term - 2021 and 2022 will be really big years for the SP and will hit the multi pound level. The PMO homesite is giving a target of 2.5 times EBIDAX (about $1.5 billion net debt by end Q1 2019 so hopefully we will see a steady progression from now in big debt repayments. The BOD is forecasting no more than $300 million expenditure this year (mainly on Catcher development) with sanction on Zama spend by EYR 2018 - but judging by the huge rise in RKH SP recently there may have been a leak about extra Sea Lion spend by EYR. As an aside - I bought back in to PMO on 4 April at about 65P and the present SP is 68% higher now. RKH over the same period has gone up 67% !!! So tortoise and hare are level pegging ! GL with your own plans

13% up on the week - and still lots of legs next week. As predicted it looks as though the Catcher RNS will be swept up on 16th with the Trading Update. The AGM deals with events up to 31 Dec 2017 so will not be giving out up to date facts on producing assets. Looks like my �25 to the Dogs Trust is going to happen !! Regards all - have a good weekend and come back Monday for more SP rises