Member Info for Surfit

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 (-;

Sorry all but guys i no jack about sp finance but I do know subsea ops
Kind regrds Sft.

Gents:
Extention of the lience: why?
The carry is an actual financial MASSIVE monetry value
RKH are solvent to the tune of 30mil
OM prob 30mil
Egypt 15mil (forget the shares)
Have to pay $50mil if bought but the carry dwafs that (Ralph?)
No hard conformation 60 people working on it.
I bloody work in abz and no one is hearing THAT. 60 is NOT occuring.
Frogga /oily heard something
NIG never offers a single industry validation
..i have worked subsea for 25yrs you utter utter stupid fool. I have been involed in Orman Lang and quad 204...which you dont even know about. You are a utter fool...as is RKH BOD. No idea about subsea projects. YOU ARE SOOO IGNORANT
Value RKH for what it is.
Rgds Sft

Hey Muztf,
I agree, why would PMO NOT buy out RKH at its current price? FiG have extended the licence to RKH for one more year only, they want this project to get going for all the obvious reasons: Economy, employment and security etc etc.
I would belive that they would have lost confidence in RKH to oversea future field development in the area...would you trust the BoD to move Isobel forward?
They can see PMOs history and if combined with another partner...with the money /securities to fully cover sealion and more.
The smart move is to incorporate RKH's assets (only now its a just acone year licence).
Whats the down side in buying RKH? Comments anyone?
Regards Sft

They kept their position hidden and were forced to report? or did so to un nerve the market and reduce their because they know the game is up.
All depends on their buy in numbers when was the last time this was over 90p.
The debt restructuring "info" further info attack.
These asian shorters are like "Evil Corp".
PoO good, looking like SP on its way back up. So I am hoping these boys attempt to spook PMO investors enough to get out ends VERY badly.
Wonder what other bad news will start popping up. Would it be a boost again if the financial authoritys announce an investigation or would that spook. Possible dependent on how the news was reported.
Rgds Sft

Hahahaaaaaa
Bought for cash US$11.9 million
Sold for US$11.5 million
Great got some shares now in an major oil company too. Hahaaaas...no wait...no..hahaahahaa
The 12+1 monkeys snatch defeat from the jaws of victory once again.
PMO
Lets hope PMO hold hold up...definate attack by the shorters going on with all news /info releases. Seen a drop but guessing it will rally...if not the manipulation is really obvious.
We have our own shorter attack today...but its RKH BoD's. Cant make it up really. Good job PoO is up.
GLA, from a highly amused Sft (you have to laugh otherwise....)

Cont. Or release news to try and reduce the sp
See PMO bb
"Premier Oil seeks to extend due-May 2021 restructured debt but faces pushback from hedge funds"
It will come out in the wash...but having skin in the game makes you see things that no normal managed investor get to. AIM really is a steep learing curve. Especially in this volitile Oil and Gas sector.
Now that the Mail on Sunday has printed I wonder what if there will be any comment from the financial authorities?
Rgds Sft

Interesting that after the sp rises on Zama news, We then get the release of information on the size of short and now information come up about: "Premier Oil seeks to extend due-May 2021 restructured debt but faces pushback from hedge funds" and from a source from Asia?
We are mere toys for others I fear?
Rgds Sft

It would be good to see these shorter under the cosh. That size of short must be known by others and as others were saying on the PMO board it could encorage other to do the same. With the "lenders" having such internal knowledge of PMO's affairs you would have thought that by shorting "leverging" they would (not sure...anyone) have more/ inside knowledge of PMO's day to day status giving them a unfair advantage on trading??..but if that is the case would they have already started to reduce their position?
Dislike them as much as poor (12+1 Mnkys) management (-;
GLA
Rgds Sft

Also here is the link to the artical (from "manics" ADFN)
https://www.thisismoney.co.uk/money/markets/article-7767747/Premier-Oil-target-record-132m-short-bet-Hong-Kong-hedge-fund.
Does make you wonder how many others have taken similiar or assosiated postions when in the "know".
Rgds Sft

Really facinating posts from 03:50hrs (actually start on the matter a bit before but the main thread starts off by NSTAbz at the above time) on the LSE PMO bb regarding the short taken on PMO.
Worth a read (IMO).
Rgds Sft

Many thanks Mogger.
Rgds Sft

......does she wear a blood curly hair piece

OPEC+ plus meeting 5th /6th Dec with the Aramco IP you would think they will deepen cuts
If they do not more buying oppertunities ahead...unless there is a tranformational RKH annoncement before.
Who, what, when and if rule the day
Rgds Sft
https://mobile.offshoreenergytoday.com/rystad-forecasts-bleak-outlook-if-opec-fails-to-agree-on-deeper-cuts/

Should be an interesting Monday for the sp. PoO not holding the way the Saudi's what it to; in advance of their IPO.
If there is no "news" put out by PMO (RKH 12+1 monkeys will be last to find out) what's the bet that this SP will be firmly into 14p.
Some buying in/topping up too early again? Although hard to know where the new bottom is as usual. How many false dawns are left. None now.
RKH is now (as others have mentioned) becoming a really cheap take over...less than the price of a Premier footballer?
What do we have as options that can occur (as Aberdeen news and signings):
1. PMO anounce UKEF funding approval and partner farm in
2. PMO /12+1 Monkeys announce take over merger.
3. No news comming this side of 19
4. Doubts on the PoO in the short term OPEC+ signing
5. Conformation UKEF has been rejected
6. Would a sign off /sale of Zama happen in ABZ?
Are there other options?...what of the above 6 is driving this sp down..or is it just the small pi's (us types) are dropping their small holdings. I doubt that although selling egypt abu could have spooked them?
Rgds Sft

Wonder if the SP is susceptible to PoO anymore?
It shouldn't be with RKH not having any more producing assets.
If PoO moves down RKH should hold firm, I hope.
Rgds Sft

Longtermthinker at £100mil thats a good buy to get RKH licences/assets but there would be an addtionall cost to pay the FI gov on top if it does happen if I remember correctly. Did selling Abu Sen make a buy out easier?
Something has to give real soon imo: with no income, only corporate outgoings, limited licence life and the potential to have to pay more due to the increase in development costs (BoD have not made if that is a requiment clear to any share holders).
PMO share is heading up despite the GS short position...but is that due to PoO?
Regds Sft

Hey Auson,
Would stock manipulation in antisipation of a deal/buy be illigal?
Genuine question how would a lower sp effect a farm in? Would it not be a % of the project not the company. Unless they want the company. Which would be a buy out rather than a farm in?
Either way if the recent drop is share manipulation based on positive news to gain commercial advantage it is illigal?
I hope your right though.
RKH does not suffer the amount of shorting as PMO. In fact as of September there are NO short positions visable to short tracker on RKH (above 0.5%) I am actually VERY suprised that we are not shorted more UNLESS there are multiple companies that are all just below the 0.5%. None the less you would have thought RKH would be a shorters heaven??
Unless your thoughts are correct which lends to thoughts of insider trading? Correct ?
Thought/comments welcome.
Rgds Sft

Hi Redon, I when buying in at 36p in 2016 would have been against it. Not having seen or understood RKH BoD previous actions sufficiently.
I would fully welcome a buy out now. I can not trust RKH to adequetly manage the company into the future.
458mil shares in issue what would a company offer. I cant see PMO offering a buy out. They can not afford that. Would PMO have support from its share holders for a merger possibley but the PMO share price is still plagued by GS shorting it. They own quite a decent % of PMO. They could support a take over from a short term shorting position.
It remain unclrar to me how much of an influence PMO lenders retain over TD investment plans.
They are obviously letting him some free reign especially in there, todate, successful investments in exploration the most recent being 88e. Although that (in 88e case) is only $23mil.
But as TD has spoken in interviews he is very pleased with that side of PMO bussiness.
Re above I am ignorant to company merger/share take overs so appolagise if I am way off the mark.
What could PMO afford to pay for RKH not a lot. Another company may though...but remember that would carry the restrictions that Agrentina place on developing down there.
An USA or Chinese company may not be so squimish though???
Thoughts?
Sft

Yes and that just left more time for our own 12 piggys to keep their trouts in the RKH tough.
Still wondering about the sale of Abu Sena
Acquired interest in August 2016 for US$11.9 million
Sold (reportedly) for US$16 million. Has this been confirmed by RKH yet?
Earned US$4 million of free cash flow during period of ownership.
I would be hoping (Forlornly) that the 12+1 monkeys would be clearly outlining the expected costing (RKH's) requirements for the SL development per stage.
They have not put any projections out... I belive...anyone?
What do they have left in their trough presentley?
Was it £40million end of last years accounting?
Still say if we survive this: Remove the chief piggy as a starter. I cant see a positive future with this BoD remaining at the helm.
Rgds Sft.
GLA