Member Info for shal1000

Awesome, let's hope sajid javid take note and approves of odx lft soon, otherwise he should be ashamed of himself. If this happens expect to triple in share price!

This morning it was 304p, now 327p nice stuff. Shame about no tolmount to take advantage. Next year fcf output is 3.3b quid, allowing for hedges and price of oil at 73. Next year itself is worth the market cap so price of share massively stupid!

Lol

Looks like you got your break even. Now I need mine at 374 lol

About to touch, it's a start to a recovery let's hope it last and back above 4 quid before end of the year (11 working days)

Hbr settled to follow the rest of oil market. Moving up and down in line with bp and rdsb.

Finally shooting up

Kayel, part of my reasoning to hold on is that last timr a director bought in was just above 350, so fo me that created a minimum which has already been breached. Purely on this basis I doubt we will hang around at such a low price for too long, current oil (75) and gas price (2.90) suggest an EV of £7.5b, so around £6 a share. In fact, if those prices remain throughout 2022 and the hedges they described, 2022 fcf is £2.5b enough to pay off debt and pay a dividend. Tolmount reserves dropped from 40m to low as 20m, so reducing the life span by half by still producing 20k per day, sure they'll find more assets to acquire in 5 years to replace the hit.

Hi Oil

Interesting question you proposed, having a dig at YE accounts, something is fishy but not as you put. Its more about lack of transparency of what they done and came across dodgy.

Chrysoar had private equity of $1.1b, debt totalling $2.2b. Premier had public equity of $0.2b and $2.1b of debt.

So if you look at Chrysoar equity and Premier equity and debt you get 1.1 + 0.3 + 2.1 = 3.4b, giving premier just 5% value of the company. So far so good.

Here comes the dodgy bit:
1. Looks like they raised further debt of $1.1b, to pay of premier creditor and leaving them with $1.0b i.e. 18% of the company. Its dodgy, as I cant find anywhere them announcing them doing this and hence misleading us poor investors. But it makes sense as they have then been saying they had reduced net to 2.7b by end of may. Given they had announced in Jan how much share we were getting, it adds up that they had prob had debt of over $3b at start of the year. Otherwise how did their debt suddenly increased from 2.2 at 31 Dec to 2.7b by May.
2. Worst dodgy bit is after restructuring they gave themselves a share of 77% of the company by allowing debt as part of their holdings doesnt make sense as it is double counting. Having a look at this, I think FCA should investigate their dodgy practise, because the numbers dont add up.

Looks like we have been shafted!

Finally dbno questioning the stupidity of share price. Seems like a triple m propaganda only they know what and why they doing this. I've gone over the presentation many times, the fundamentals provided doesn't equate to such a stupid share price.

Pearls looks like u got in time, well done, just jumped from 335 to 338 a 1% which seems like a miracle given what we've witnessed since last week. Let's hope it continues now.

Thanks Hargreaves I missed my opportunity to buy at 22p.

But it's not letting me on Hargreaves. So I guess the mm are rigging the price for only sells go through! Probably lack of stocks to sell from their end?

I can see only a 89k buy not 100k

HL isn't letting me buy. How did you manage 100k buy?

@oil finally I agree with you

See slide 35 for latest hedging details for next year. Hope that helps.

Impact of hedging on oil and gas

Those big buys are shocking £3m without UT. Does this mean a big opening in the morning? Back to 410p

Definitely a triple m day!