Member Info for Surfit

Mogger Errrrrr, rather good point...which I totaly neglected. Missed that rather large elephant.

Still please tell me you think RKH Bod are competent? and you really trust Moody over his actual results
Any way going to work my way through the good posts put in by yourself and others.
Cheers GLA
Rgds Sft

Rpoodle, fully agree: "In my mind the overall feeling surrounding the farm-out is relief......."
But
The 12+1 monkeys led by Mr Moody remain in place...Sam Moody must be removed..he is not capable of acting in the best interests of this company. The sale of the Egyptian assests can now be seen for what they truley are: more cash for their wages /"expenses" for longer. If we did receive further cash from OM..ask yourselves would you really trust them to safely invest it in ANOTHER miss adventure....maybe mining in Nigeria or fresh water devining in the atlantic.
Use your voting rights at the next AGM and remove Moody.
Rgds Sft

I have not read the full artical: not signed up to the telegraph.
Did Oliver Gill state he had talked to PMO?
If he published with out a balance of his sourses...then it does indicate that his intent, sourse of information and direction.
Again possibley showing poor reporting techniques from a journo in what should be a respected paper.
But this second artical indicates (from what the BB are saying) his ability to investigate companys and markets.
Rgds Sft

Meanwhile Oliver Gill / telegraph getting spoon fed information by.....?
3rd shorter attempt to undermine in play.
Rgds Sft

Trump destabalising middle east = Funding support kept for USA shale/fracking. IMHO.
Rgds Sft

Yep TWL SP finished at 60p... ouch
PMO mmmmm
Is PoO heading south...mmmmmm.
+'s: Catcher earnings up, Zama safe location, NS tax credits, Tolmount, 88e, a very big Cat nearly in the cage.. etc etc
-'s PoG falling, debt restructuring (will it or wont it).

Cyan, I belive your assessment of getting news is going to be the most realistic.
Just can not see PMO 9th Jan RNS being ground breaking as some (1x) think.
Zama update yes, but announcing a farm in partner for SL.....something would have slipped out by now.
I really see it as UKEF and PMO going it alone, unless its something like venture capatlist group or even likes if Chryasor.
BUT I still say no one can keep such important info quiet so close to the 9th....and we are not even getting a creep up. GLA.
Rgds Sft

Mmmm this could go to 70

PoO up, PMO up as a result also.
If RKH was actually producing oil, I would imagine we would be up also.
With the RKH BoDs spending money rather than earning anything...this sp is priced accordingly.
If there is no firm positive news on PMO Jan RNS...this COULD drop further due to further lack of confidence. Worst case apart from no go is as you say Redon delay until PMO have reconfirmed their debt restructuring....hence potential further drop....
Rgds Sft

I would stick with the Walter Mitty.
Slowly evolved /morfed into a different entity as the share price desended.
Carrort was advocating sub 20p and getting the rattle shaken at him as deramper..which he was, as he ommited.
Not sure of Nigs stratagy defending RKH but "now" has lots of cash to buy 4 mill...as it went sub 20p.
A little while after it became "we" maybe he has got Mrs Nig to put her savings in now...or the house?
PMO doing well. PoO doing VERY well.
Lets hope Trump does not chuck a spanner in before PMO 9th Jan update.
As I guess that is the big one that we have been advised will OPEN this SP.... up as there will be nothing from the 12+1
One point that was raised over on the PMO bb was regarding placing your RKH shares on a limit order sell to ensure your "broker" can not lend them out i.e to shorters. Thoughts anyone?
Rgds SFT

Looking at the 12+1 Monkeys track record: There will be a clause (smal print) that Brian Larkin put into the sales contract...that the can pay RKH £4.8mil as a down payment then the rest will be in installments, dependent on production rates, if the Egyptians pay UOG and PoO is over $62.
£4.8mil should get the RKH BoD the Christmas presents they all need, having been on bread and water for so long.
Send them up to Hartlepool, they treat Monkeys appropriately there (-:
Down with the 12+1 Monkeys, what good decision since find have they made. 12+1 are spending your cash on themselves.
Rgds Sft

With a 1.7% profit
?

"Most" thats a bit generous (-:
Rgds Sft

Hey Much, there is a caveat to your post regarding SP potential and that being: more shares and or less % of SL.
Either or both of which could happen from an addtional farm in, requirement to raise cash (could use the loan from PMO agreement secured from PMO...IF PMO can still supply/service that original agreement?).
I agree there is greay potential but factors along the way always to consider.
Especially with the 12 + 1 Monkeys at the helm.
I can mostly trust PMO to deliver ( if financed) and if they secure the correct contractors, who inturn do not have to much on their books by time of start (quality of engineering/project support), securing correct vessels for the location, service and supply...all to bring the project on in time and budget...so a few factors to consider.
Still, thats getting ahead of the current issue of our 2000 AD comic
Good and informative post though, thank you.
Rgds Sft

Still interesting that none of the reporting is connecting the release of information(s), the short and the share price. Cityam not connecting the dots are they?
Not wanting to or not seeing it?
Interesting?
Wonder if the Telegraph or the Mail pick it up....but both their Jornos have just been passing on info with no fact checking or research.
Lazy at best.
Should be very interesting tomorrow.
Rgds Sft

ARCMHunter, I sent an email to the Telegraphs investigations team: claire.newell@telegraph.co.uk
callum.adams@telegraph.co.uk
Asking that they should look at where the artical information originated from, what was the Journo's reason for...did /do they know and understand the motivation behind it.
Bigger story is potentially an asian company trying to undermine a UK company, shorting and loans relationships
On a seperate note: Is HK is a better location to launch an attack rather than Bejing? Paranoia or close too obvious?
Rgds Sft

That did not take long: Guess that also tells all that ARCM's exits stratagey is not at 95p or they were not expecting PoO and PMO to be doing this well.
Wonder if the financial have any clout in HK, where/who fed the telegraph such info, should email them Telegraph and Sunday Mail to look at the bigger story: Overseas shorters trying to kill a UK company?
Keep the faith.
Rgdrs Sft

With Oil up and the Saudi's pushing for it to remain there, some concern over low financial returns and future lending in the USA shale, Trump/Chinese talks possibley improving, Zama sale looking to be a possible success, 88e potential, Catcher doing really well, Tolmount moving forward? Tax credits still secure (no Corbyn), possible financing for SL (that would have to cover the RKH carry). It does beg the question what is the average cost of their short, do they think PoO will remain steady at $60/65 (brent) or drop, what was/ is their actual exit strategy in the short.
It would be good if not actually required, as others have said, that PMO make some comment...but does that reveal PMOs play on getting free of the current loan terms?
I would not be suprised to see ARCM (through others) try another info leak to try and spook investors....but with all of the above positive points for PMO..It would be interesting to see in what form it comes.
GLA
Rgds Sft

Yawn. Bet Nig bought more right at the perfect dip.
When do you think this is going to turn up Nig? What in your opinion will be the catalystic news that will get all the investers back onboard.
Your advise and enlightened comment most welcome.
Kind Rgds Sft

Nice to see you validating tell me about quad 204....Orman Lange even...anything?????
See you at PMO agm RKH wont be around. But I will wear thee 12 monkeys badge so you can say hello (-;