Member Info for shaf5

Doesn’t happen overnight. Patience is a virtue

On L2 can see over 100mill shares traded in first 2 days. If we assume majority shares sold are creditors dumping then the overhang should clear within 6/8 weeks as previously suggested

Does anyone know volume traded on Thursday. Want to work out roughly how long will take for the creditors to off load their shares. I think Steve mentioned around 6/8 weeks initially but someone also mentioned longer.

A lot more shares now due to the enlarged group so the shorts should have been diluted. For example anyone holding 7% short in pmo will now have 5% of that 7% which equates to around 0.35%. The short tracker still showing shorts in pmo at the moment. I reckon once it updates to HBR won’t show any shorts as they will all be under 0.5%
Not sure why the others are still showing on short tracker

I thought it was 3 months before they could sell. Also they have warrants that can only be exercised above 40p so would they not want the price to rise to 40p asap

Can’t listen to presentation as in meeting. Can someone please put up the main points

Can someone please post link again as the last ones nit working. Maybe was only for 24hours. Thanks

Did you get a reply from Tim?

Does anyone have a link to when TLW different types of borrowing eg bonds need to be refinanced.

I think there will be a lock-in period for creditors and also harbour energy

Tony did make mistakes but pmo was very unfortunate with Covid timing. If covid came a few months later the refinance would have been easier with oil at $60 or once Zama sale had gone through.
I also spoke to Investor Relations a couple of days ago and was told the shares should be valued at around 22/25p as the new company will be compatible to Aker BP. No reason why they can’t get to 50p (McAP 10B) similar to what Aker BP was a while back.
Not going to get to 80p or £1 but if your average is under 50p hopefully should recover. Tbh I’m not happy about it but not much that we can do either. I will be buying more to average down

Rookie - who’s that from

The numbers you have add up to more than 0.2 or 900,000 anyway

Don’t think that’s correct. I know I’ve seen rns where Tony Durrant has bought shares privately equating to over £100k on a couple of equations and can’t remember any rns to say he sold. Also the staff are on share scheme so they also must be holding various amounts but not showing.

I think they were ok with regards to the oil price but it was the refinancing that caused the issue

On page 20/21 of Chrysaor report it does say the reserves will be reassessed again in January and probably downgraded

Fair enough

Jenifer -

When you say our Shares could be worth 50p with the rise of oil. This would imply the market cap of around $10 billion for the new company. Just checked Aker BP share price and it’s 50% of year high

Apologies dell. Maybe that’s not correct. As Devon put it the no of Shares to be issued etc have not yet been decided.

The no of shares you have will not change.