Member Info for SuperRoty

If we do not drill Heron this year we may get another chance. :(

The longer this drags on the lower the share price.

Sort it out now. Our license expires next year. :(

MM,s want volume. Makes them money. Ignore.

Yet only produces 3 X our oil.

Hold on guys. A rerate must be due.

Of course I am ok and looking forward to that £1 party.

Joking btw. Chill out

Because of the high COS; a successful drill result is now priced in and the SP may actually fall to 7p if we hit oil as fear of a dilution returns. Lol

That placing will be after the one to pay for his termination package.

Yes typo and I am hoping new managers do the business.

And most you can just turn up when you want.

I thought this would be great but on my trip to Exeter there was only three venues and they were miles away. So I jumped in a pub offering 2for1. DISH must get more restaurants on board quick or this app will be a dead duck.

There is always a risk of a placing but one I am happy to take. Existing debt net of cash is expected to be minimal at year end and with ramped up existing production imo this is looking good.

Capital expenditure to be incurred by the Otakikpo Joint Venture is expected to be approximately US$170 million covering new wells and processing infrastructure, of which LEKOIL is expected to fund US $68 million. The anticipated costs consist of debt repayment to financing parties, including the Major Oil Company, in addition to a project implementation fee paid to Schlumberger. Repayment of the facilities anticipated to be provided to the Otakikpo Joint Venture pursuant to the project will be made from production revenues from Otakikpo, in priority to any existing lending facilities (subject to agreement with existing lenders), future CAPEX and returns to equity holders.


Under the terms of the MOU, the Major Oil Company will provide funding to the Otakikpo Joint Venture alongside the other funding partners, subject to due diligence, project economics, entry into definitive documentation and final investment decision.

As per RNS 1.7

Funding is to be provided by the major and repayable out of revenue.

This shows the cash position is better than expected.

Added again. :)

With postcards from Cuba. Kids are off. Lol

Just needs someone to break the ice

I am confident of a license renewal because in the financial statements the impairment of exploration expenditure was considered and the auditors response was.

We found the management's impairment assessment of the carrying value of its exploration and evaluation assets reasonable and as such, an impairment provision is not required.

Agreed. My problem has always been selling up too quick. This one will go far. I will hold for 20p plus.