Member Info for tdante77777

Its not fake, The original news was from reuters.

Https://www.xm.com/research/markets/allNews/reuters/petrofac-sinks-to-record-low-analysts-flag-balance-sheet-concerns-53708671

It looks like this will keep drifting lower until next financials anyones guess what it can be till then

Totally agree with you my friend, With the hefty liabilities there is no profit to be made until after 3 years ?

BP Devlopment Australia laughing all the way to the bank on this one.

What a horrible share this is bought this at 45 pence just 2 weeks ago thinking this was the bottom, what is going on here anyone , sold at a lost - what is a realistic bottom price here?

With the BPC share fund placement due to take effect by 14 April at 2p , I think most investors here can see where this is heading short term.

This is heading right the way back down to around 1.25-1.35p tomorrow
No RNS, no partner deal signed and no enviromental agreement with Bahamas Gov.
Just a simple statement from potter which we all new about.

Fundraiser ?

Dont really know what to call this guy after such a poorly judged egoistic statement.

Is he a ramper, deramper or a poser ?

Always taken with a pinch of salt but it has me thinking and hoping. Any other reason for this recent rise or is it just undervalued.

Can you imagine that.!
Early christmas present for us investors, if in both.

Surely one has to be a gusher if in both.

Thinking about it further down the road, we will probably have results first from CHAR estimate November 12 with MATD spud results being around November 27-30.

Totally agree Proseleness
Not yet in CHAR but looking into that . Focusing on MATD for now.
GL to both drills.

Great update today and looking forward to Wild Horse spudding later this month, especially with the geology being old school proven 4 way dip and fault closure and having a higher cos of 20% in my view. These are the kind of proven oil fields mapped in the 60s and 70s without todays technology.

Noticed Charioit have today announced drilling in Namibia and we now have 2 major oil drills to look forward too. Just wondering your thoughts on Chariot ? I just feel with Total having a recent failure there could be high risk.

Hold tight, Keep the faith and fortune favours the Brave..

This will be an 80 Mil MCap on spud with a sp of 10-12p once we get full clarity on spud and closer to drill results. The plan was always to move rig to WH after SL driling is complete and i personaly believe WH drilling will happen. No weather issues at all going by weather forecasts some posters have posted and furthermore drilling season ends late November which Mike Buck has confirmed time and time again.

Well i was not expecting that kinda future statement . Hope not :(
Drilling season ends late November. Surely plenty of time ?

Agreed Ojay - License oligations may have played a part in the first drill. I remember from past PM RNS history WH was always the first choice. Anyway its done , so lets look forward now to the forthcomng WH drill.

Hoping we can get RNS spud clarification news towards the end of next week.

I agree Sandy but surely the company should of drilled the best COS on first drill - WH

Get the best successfull outcome first, get momentum and also keep investors happy, then by all means further down the road drill the riskier drills SL.

A successfull stike with a first drill at WH would of had Shell and many majors queing at your door, discussing farm in. Never quite understood why they changed to SL as the first drill.

One more thing why im excited by this, Wild Horse is a large four way dip structure and fault bounded closure old school proven geology. Much more better chance of success than SL which should not of been drilled in my opinion. PM went for the risky drill first followed by a more higher old school COS outcome on the second drill WH.

They should of focus only on Block XX and WH. Bad Management maybe , hope they learnt from this instead of wasting millions on SL.

Looks like the sp has stabilise for now and i would not bet against a steady upward tick in sp and furthermore on spud news, possibly at double the sp now 10-12p.

This has got to be the best and most exciting aim stock to be in when the spud is confirmed soon. Given the high risk reward expectations on drill success.