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I hope the Sunday press reads " sources close to the situation believe a deal to sell the O&M business is very close to completion" that will cause the shorters run with their pants down. LOL

You are welcome Amers, just hope it comes good in the end, because if this goes down then it over for me in regards the stock market as no more time left as too close to my retirement age. Just think I can out RR at around 140 to put it here at around 80 or do pence....

Shorter's can't buy the rights.

Reminds of Yell, they took the price down to pennies then changed the company name to Hibu, after which they took to the wall.....Yet Yell now still trading but all us ordinary share holders lost all, not recovered the amount I lost there back in approx 2012. Is that what is going off here, I really hope not.

So it not PFC that is in the running for this, not surprised since we say we got no cash. Thanks for the article.

NTC, you state "I sold out at 70p with a small loss, at that point, I put more into RR and I was again berated by the likes of PokerChips who bought up the scandal RR was then currently just getting out of.

I wish to god I had done the same even though it would have been a quite loss for me at that time... But I still would have had some money in my piggy bank with a good profit as RR has gone up by 100p since, instead it sh*t or bust here now. Roll on to the death on 20th Dec...when all shall be revealed one way or the other.

Just tried a dummy deal still the same no hedge market.

As far as I know City Index has not allowed hedge orders since Monday of this week on CFD's for PFC stock.

Me and you both Danielm89, as today was a bit of a kick in the stomach, when it all seemed to be going quite well with the price hitting just over 25p early this morning. Hope tomorrow is better day.

As I said, IMHO, not based on any data, bar from the fact that company has preferred to say nothing, by that my assumption rightly or wrong seems to suggest nothing has changed since last reported on Aug.

If no news tomorrow, will be most likely be taken down to around 10p, which IMHO, is where the fightback will start, as it becomes too dangerous for shorters to carry on holding and risk their profit if indeed this has been driven down on rumours of something is not good with PFC. I for one too deep in the dodo, so will stay to the end for what it's worth currently.

Thanks for the article, but If that was really the case Speedy, would a lot more of the financial outfits be reporting this - the fall has come since about 10th Oct, so they have all had a lot of time to investigate this situation and secondly the company has still not admitted to or reported a problem of the magnitude the share price drop seems to suggest.

Petrofac Limited: EXTENSION OF BANK FACILITIES

Source: UK Regulatory (RNS & others)

Petrofac Limited ( PFC) Petrofac Limited: EXTENSION OF BANK FACILITIES 21-Apr-2023 / 07:00 GMT/BST

-----------------------------------------------------------------------------------------------------------------------

Petrofac Limited

(the 'Company' or 'Petrofac')

EXTENSION OF BANK FACILITIES Petrofac is pleased to announce that it has today entered into agreements to extend USUSD252 million1 of its banking facilities.

Petrofac and its lenders have agreed a 12-month extension of the Revolving Credit Facility ('RCF') and both bilateral bank facilities to October 2024 2.

The extension terms include a phased amortisation matching the projected deleveraging of the balance sheet, a waiver of the 31 December 2022 covenants, and the replacement of leverage and interest cover covenants with minimum EBITDA and liquidity covenants, which are better suited to the Company's near-term outlook as it continues to make progress rebuilding the backlog.

This financing is in line with the Company's strategy to pre-finance expected liquidity requirements for at least the next 12 months.

Publication of 2022 results

Petrofac will publish its financial results for the year ended 31 December 2022 on Thursday 27 April 2023, 48-hours later than previously announced.

This slight delay gives the Group and its auditor, EY, additional time to complete their procedures. No material changes to the positions set out in the trading update of 12 April 2023 are expected.

Details for the conference call will be published in advance. NOTES 1. USUSD252 million represents 90% of the facilities existing at 31 December 2022, with proportionatereductions made in all three facilities from the effective date. 2. At 31 December 2022, the Group's external borrowing facilities included an USUSD180 million revolvingcredit facility, of which USUSD124 million was drawn, and two fully drawn term loans, each of USUSD50 million.

ENDS

For further information contact:

Petrofac:

James Boothroyd, Head of Investor Relations

james.boothroyd@petrofac.com

Sophie Reid, Group Head of Communications sophie.reid@petrofac.com

Teneo (for Petrofac):

+44 (0) 207 353 4200

petrofac@teneo.com

Martin Robinson

NOTES TO EDITORS

Petrofac

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies.

Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world's evolving energy needs. Our four values - driven, agile, respectful and open - are at the heart of everything we do.

Petrofac's core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable a

Here Here, SM66.

If they are in negotiations with their creditors, then we are not likely to hear anything till the update on the 20th Dec, unless something gets agreed prior. Over 20 days to go, if like a lifetime at the rate the share price is decreasing each day....

Are we saying the company only having reported on Aug 10th have cheated everyone ? Has the situation really got that dire to have had a rousting of the share price to that extent having touched 87p on the 9th Aug?

It's if all sense of a sensible low has gone, the share is in free-fall, yet the company still not willing to say anything to support the fall. All I can say is the silence is being used in the mean time to drive people to sell their holding on fear of being left with nothing.

George, I really hope not lost around 70k in that cr*p Afren.....

Flabbergasted comes to mind....who would have thought....it could go this low??

I hope the Sunday papers start a bid for PFC rumour over the weekend...now that will help the share price on Monday open.