The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
the big difference between 2011-2014 and Now is the market cap of AIM companies is so low that companies can not fund any exploration/appraisals from Right Issue / Open Offer.
If market cap of Char was $150million then they can issue 20% shares and drill an appraisal well without any partner.
But in current situation the only option is partner.
This is a big Negative point, as partnering company knows this.
On positive side the market cap is very low means there is good upside left from these levels.
NigelHaemoglobin, thanks for reply, this is more worrying that Sealion is straight forward, typical project with FPSO, not much technical challenges, low tax and low royalties, still we are not able to develop in 10 years,
the point i was trying to say is HUR managed to do first oil without too much wait and without giving away 60%. Where as we gave away 60% and we are still waiting for FID let alone first oil.
I understand we are not comparing apples with apples but sharing frustration of extremely slow progress.
AlfaMale,
I agreed and I will not reply any more.
rkh has dropped from 500+ to 22, and you are saying pmo is dropped more
hahaha, you mention rkh down only 1%, hahaha, you twist the facts the way you want, have you seen how much rkh is down over 6 years?
Nigel
May be my message was not clear, I knew Argentina political issue. I knew pmo was skint but I never thought we will need UK govt funding guarantee which will require approval from politicians.
If pmo get money from let's say selling zama, do we still need approval from Westminster?
that politics will be an issue for Sealion / FI project.
I was avoiding some oil companies which were operating in some regions which are not safe.
I though Sealion is in FI which is UK territory and would be easy straight forward. Never thought we will be relying on politicians.
First time I am feeling so bearish about RKH.
https://drilquip.gcs-web.com/static-files/dfc91d9d-11ed-4226-9ad8-2c4b454c020b
https://drilquip.gcs-web.com/static-files/ce89a1fa-1177-4508-9ec3-98a5c985d65a
page4 -
In the fourth quarter
of 2018, we also progressed our
participation in Premier Oil’s Sea Lion
Phase 1 development located offshore
the Falkland Islands by entering
into a Front End Engineering and
Design (FEED) contract and Frame
Agreement with Premier in relation
to the subsea production systems for
that project