Member Info for sstarski

What money?

And whats the spread? Why post, unless your post is worth the time

Look at the over valued PMG holders Whats is PMG's Asset base valued at? £22million Whats the mcap? £120million How much are you paying for TC to manage your shares? £98million How much money is it making? Zilch As much as I respect TC - THis deal is wrong, has been done wrong and smacks of desperation and underhanded tricks on PMG's part

PMG output circa 250bls per day value £116million - Equity raised via dilution - Repeated placing and "director" loans to support Without LHDs oil out-put, PMG is another over priced oiler - Its valued where it is due to TC By your repeated calcs LHD is cheap, very cheap, very, very, very cheap within 18months it will have £10million (76% of the current mcap in the bank, and have the majority of debt paid off) Those holding PMG shares and the current BoD (sic) of LHD can get in bed together and try and gloss things over in an attempt to de-value the company - But no matter how you write it - PMG's offer is cheap and has only been enabled via manipulation Re LHD's other licenses - Let them slip, concentrate on Athena let the ££ roll in. When the coffers are sufficient enough - expand - Simple economy If another well needs to be drilled 10% of not a lot is not worth worrying abut (Remember 22million for 4 producers)

I miss the matd n bunker days... Lots of crap talked, but lots of info shared. What jck upto now a days?

All good mate Not been on here much myself really - Had a week in posh butlins (centre parcs) which was nice - Glasto in 4 weeks with the little mite. Muddy chaos

crew need to drill another well, how are PMG going to fund it? They have no income - Oh, I know they will fund it via the income from LHD's share of Athena income

Cheers dude Hows you - long time no speak

LHD increases PMG output by 400% - I fail to see how PMG's current output has a significant impact on debt reduction - It just gets hidden in PMG's debt, but PMG get more £ for the $ what was PMG's EPS last 1/2? If LHD was so stuffed, why would a company be interested. Without the SP being manipulated PMG could not have bought - They have £19million to fund and are operating at a loss Hang on a loss making company buying a profitable via a worked scheme of arrangement LHD would be an asset to PMG - In x years PMG have generated nowt, and have shareholder funds 1/4 that of LHD

at current price its worst case 25% undervalued

even at your figures LHD is cheap PE of just over 2!!!!! Care to note another producer with that in AIM oil? EPS 2.2p in previous financial period Most NS deals are done at between $10 and $15 per b which allows for debt 2.44mmbls * £6.8 ($10) = £16.5m 4.39mmbls * £6.8 ($10) = £29.9m 2.44mmbls * £10.2 ($15) = £24.8m 4.39mmbls * £10.2 ($10) = £44.78m re the comment about well costs Athena was and is cheap from memory 4 wells cost $22m net - I would not be concerned re 1 potential extra well

Sneaky Sneaky But happy with PMG for the time being - However should be closer to 0.7 IMO (We are 4 x output)

Indeed I suspect something is being undertaken in the background. Devalue the company, sell / buy on the cheap or de-list LHD is cash generative for someone with moderate pockets a TO would be a steal, especially if you can get a high % of the Co at a knock down price. if people play the game right there is money to be made here. The aim to buy more via stealth has been broadcast. If the market refuses to play and cottons on to the game it should only be upward for a final value (glad you used Brooke's my heading was annoying me)

What are you up too? Is it for you, or someone else? The Takeover Panel has granted a dispensation from the requirements of Rules 2.4(a), 2.4(b) and 2.6(a) of the City Code on Takeovers and Mergers (the "Code") such that any interested party participating in the formal sale process will not be required to be publicly identified as a result of this announcement (subject to note 3 to Rule 2.2 of the Code) and will not be subject to the 28 day deadline referred to in Rule 2.6(a), for so long as it is participating in the formal sale process LHD a ££ making Co in the North Sea is being bought up on the cheap and the market hasn't even realised it

Today Had my eye on LHD this time last year, glad I held out. Henderson > 31% hmmmmm Cash in the bank hmmmmm Loans being repaid hmmmmm Useful Tax Break hmmmm see how this play out

He has exceeded the % on a couple of others too

Not yet, been hovering for a while - Today looks good for you, some whoppers

Hope your well, n not picking to many pockets

Some new names here Got to be honest I am not sure re the Cash - Given we had 27million at H1 2011 and 25million at begining of 2012 I had assumed the Tender money was ring fenced prior to 2012 intrims (SEAs figs seem to rounded up or down to the nearest million lol) Looking back it was 21.9million less 6.9million, less RtS 5million = Cash of £10million (less fees n pay) Sorry for the error and of course you are right re CGT and possibility of offset John Aldersey-Williams - He got the job done with SERL - Time will tell Consider SEA as a good low risk play for LOGP - Look at the markets, we don't budge much. Its not just Barryroe, look at the LOGP Farm-Outs, a few potentials. Nice to read your posts

...cash You still in BZM, or did I dream it? PPC Been in n out like in and out - looking for 19p but may not get it with a Frac coming up Keep em peeled