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lets rkh follows pmo rises as people there are suffering
Love_you, nice post,
I think pmo is still doing same mistake by not going ahead with sealion. TD should press ahead with sealion as fast as he can. But he doesnt want to take any risk. Thats why he want ECA.
I am with Grey Squirrel, the update is not that much positive, because I thought that they already applied for funding but now they saying they will do formal application. Also before they said no need for additional partner but now they want to bring another partner, but for what? I mean 25% is paid by contractors and 50% from banks and only 25% from PMO then why bring another partner........
PMO is pissing in the air
Hahaha, yes he want to buy Ferrari while he is driving Kia Picanto
On Thursday
Possible?
PMO bid for $1.5billion for Chevron assets
PMO sell mexico assets to Apollo for $1billion
PMO take bank loan of $0.5billion
Debt increase but EBITDA also increase and ratio goes down from x3 to x2 and also FCF also increase
Possible?
PMO bid for $1.5billion for Chevron assets
PMO sell mexico assets to Apollo for $1billion
PMO take bank loan of $0.5billion
No,
as the results will show until 31 Dec 2018.
The effect of POO will appear in next update in month of May.
Regards,
Though this job position is not very clear whether it relates directly with Sealion or its for general construction in Falklands Islands. But this is same company who did temporary dock facility, here is link
https://www.trant.co.uk/case-studies/international/temporary-dock-facility-falkland-islands
I will try to call them and ask what projects they have in falklands.
https://www.totaljobs.com/job/contracts-manager/trant-engineering-limited-job84931387?r=5-Results
For me key is to get there, delay but reaching there is important. Reaching without giving up any upside is very important.
After FID/sanction, rkh will be different beast as they will still have 64% of Isobel/Elaine and 50-60% of Phase2.
I spoke with pmo about funding this week. They said they are in discussion with EC and banks. Either EC will give the funds or they will give guarantee to banks.
They also said that zama will not affect sealion and both are independent of each other.
They said they have started to convert LoI to actual contracts, subject to funding being available.
From this it looks that the time between FID and Saction will be reduced as they are already preparing the contracts.
Final results are due to come out on march, I want to ask a question on that day from TD.
Will there be a dial in number like conference call?