Member Info for upomega

Hopefully so together with a nice licensing agreement. I am bemused why this has not already happened. My concern is that they are blocking other potential agreements with other organisations which could set them back further should the exsclusive agreement not materialise.

Good article hiblue. I'm surprised the company hasn't rnsd that they have grown a 10cm piece of leather. Unless I have missed it in a previous RNs

If the latest news can be believed Russia is setting its sights on Norway. So I hope that Serica is not looking to expand with Norwegian assets.This if true is very worrying inmo

Two hundred and seventy million USD is to pay off original debt from Tailwind. So in effect we have increased the debt level by two hundred and thirty million usd which gives us about one hundred and sixty milion gbp to use. That amount is not alot in the grand scheme of things. INMV this is to facilitate existing projects and not an aquisition. As Newkotb posted earlier what hedges have now been added and with who on the back of thiis loan. I am sure most lth can hazard a guess as to which company has facilitated the hedges. inmo

At the end of the day until the bod prove otherwise inmv they are in bed with HMG and Mercuria and no one else for what ever reason that may be.

I don't think that's a positive as there could be a conflict of interests. I may be wrong of ourse

It is looking like these advisors Tailwind and bod will be the only ones benefiting here Newkotb..Sorry forgot to add hmg as well.

Also why arrange this amount with rates widely expected to fall this year. Surely we would have got better rates going forward.

Nothing new there then Newkotb. You can bet on them not hiding any positives with this. Why didn't they just raise money to just pay the existing loan off. Then raise money at a future date if an acquisition comes about.

Looks like another stitch up to me to reward the few

This should delist and sack the bod inmv. Maybe relist in the chosen land . Ahhh minute Britain were getting there

I just hope that the market is not seeing something we are not. I e. A Tailwind type deal

INMV we are one step away from full nationalisation. What really worries me is that our share price is so low. If HMG this or the next one goes for it then as shareholders we are looking at a paltry two pounds per share and no dividends.

So if the bod are really alligned with shareholders then inmv they should distribute all cash to shareholders or alternatively find a way to increase the share price. All now very worrying inmho., dyor and avoid this toxic ukplc o and g industry and especially hmg. dyor.only my opinion and some politician i met down the pub this evening

Personally i think this down turn will continue as no one wants to invest in oil and gas companies especially ones that are based in this basket case of a country. Our only hope is that a predator is looming . As for some wonderful aquisition of a overseas asset. Well quite ferankly the bod have blatantly lied to shareholders during the past few years. Maybe they should just be honest and say that all they are only interested in uk assets to facilitate the government wishes for taxes.inmo

The biggest concern now is that some negative news is on the horizon which inmo will drive this nearer the one pound mark.

Oil continues to firm and yet we together with other North sea producers weaken. Please don't tell me that the market sees that an extension of their illegal tax is needed.???. Maybe hmg sc..m needs to find the money to continue their support of two overseas conflicts.

I think we have a rough idea from the last update in December. It's more what the results say going forward. For me I was hoping Harbour would be interested in us,but after today I am not so sure. Maybe we could all join together and bombard the bod at the next investors meet. With why oh why have they not diversified overseas. Most posters on here see it. So why doesn't our bod. Something certainly is not adding up inmo.

With you on that Dennisthepennis. Maybe if more share holders voiced this the bod they may listen

Just got caught out and couldn't avoid starmers broadcast after the news.

One thing it said was that he would switch on Britain's power again.nit sure what that was supposed to mean.He didnt go as far as saying it would completely wreck the UK oil and gas industry. Maybe it thinks that it would loose some votes by saying that.

I cannot see the dividend now being maintained this year. A more realistic figure is a total of ten pence in my view. For me if this occurs then I will finally sell most of my remaining shares. What still incense s me is that they have not diversified overseas. Maybe Harbour could take us out of our misery. After all there would still be some tax losses which they could utilise inmo

Thats sounds about right to me. Unless they have managed to reduce debt further, but i doubt it as this is fast becoming a gravy train for the new largest shareholder and their connections as well.inmv

More likely an adjustment to windfall tax and EPL. Where else will the 2.5 billion come from to help finance the Ukraine conflict.I can see another ten percent being added at some point this year.inmo

All very worrying inmv

Should not a windfall tax now be applied to UK manufacturers of for example drones. Hmg has awarded them a lucrative contract. Let alone other companies involved in the manufacture of arms.