The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I would take that article in the Guardian to mean that UKEF is much more likely to support SL and is therefore IMO a positive .
Hi dif ,
I always used Hargreaves Lansdown when I lived in Spain . Very good with execution only online . Suggest you checkout their website .
TGF
If RKH needed to raise eg. £100m to pay their share , they would need to have a rights issue of 1 bn. shares @ 10 p per share , even if they could manage to get it underwritten !!! What a dilution that would be - most of the long suffering holders , including me , would be wiped out !!
Hey ferret ,
Any room in your esky for some cans of Reschs or Tooths , providing I get an invite , of course ??
for PMO to sell some more contracts forward at $ 63.50 ??
According to John Kemp http://eepurl.com/dxTcl1 the World is on the brink of a recession . The US and UK are very close to one ; Germany growth has slowed to a crawl as too has China . Kemp says this is the reason POO is stuck where it is . Dpn't believe me, then checkout the site perabove link.
She has just this am. been appointed to the Board of Ferrexpo Plc where the shares have suddenly dropped 1.9% -- surprise , surprise .
Blue Defender & Reggie72
I had shares bought in the float of an Aussie miner back in the late 60's called Conwest Minerals NL which also went bust . Turns out we were conned and our money went west - that must be why they named the company Conwest .
Nigoil, where did I say that the FIRST discovery was made by BP . Please re- read what I typed , then you can apologize , if you are man enough , that is !!!
And I would hazard a guess that it cost BP a helluva lot more than $ 1.5 Bn., in equivalent terms, to bring Forties on line . Anyone around at the time can't fail to remember those humongous production platforms that were built and towed by tugs to the fields - no FPSO's and all the rest of the modern stuff . Hell , there weren't even proper computers in those days and Mobiles , they had not even been thought of . And we had stuff like incessant strikes , three day weeks etc. Contrast that to today where we have incompetent buffoons at both PMO and RKH who appear to be incapable of achieving anything like even a small engineering project , never mind something as big as Sealion --- this must be why it it is 7 years and counting to get to point A .
BP first struck it rich in the Forties in Oct. '70
BP started production in Forties in Nov. '75
At the time of the strike there was no infrastructure in the virgin waters of the North Sea . Most of the technical expertise came from the US and/or BP's own facilities.
Sealion was struck in the Spring of 2010
The farm-out to PMO was in July 2012
9 Years has already passed since RKH found the stuff and 7 Years has already passed since the farm-out .
So, why so long to get this baby into production in comparison to Forties and bearing in mind the much improved engineering which has taken place in the last 50 years ?? Yes , 50 YEARS ??
Well I bet there will be zilch word/RNS on Mon. Just more keyboard warrior crap . This board is getting as bad as a Sheila's Party in Long Bay !!!
Think the original holder of Isobel/ Elaine was Desire which passed to FOGL when they took out Des.
Best post of the year . Agree with everything you say , except maybe , item no. 4 , FOGL - correct me if I am wrong but believe they were the holders of the Isobel/Elaine prospect which , as Marlon Monkey said at the time , was likely to be the "Sump" and hold more than Sealion .
Notwithstanding all that , I think that , by their actions/inactions , the BOD could well be guilty of fraud , in which case they should get a visit by the SFO. What a pity old Clyde Phipps coughed it - just imagine where we would be today if he had survived ? Would dearly love to read what Oilbrat had to say about everything .
Anyone see the young lady from Greenpeace on the lunchtime news acting as a warrior for Climate Control ? Did you notice the earrings she was wearing which are of Silver ?
She obviously does not realise the damage to the Climate that the mining for silver does to the environment . All of these people get themselves caught out with their own errors . It was only the other week that London was subjected to Protests by the Climate Change lobby , yet how much of their Carbon Footprint did they use up actually getting to the protest not to mention that most would have been wearing leather shoes, which those same protesters claim that the cattle they come from , cause excess carbon dioxide .
Now we have Nigoil plagiarizing Ovetts written word !
What is the World coming to ?
Segments of the media were already stating that Trump's previous Tariff hikes were hurting the US more than the Chinese who wanted to reset their economy .
Talk in the States is that they are facing a recession due to Trump's policy which is hitting the cost of goods over there .
The markets have all dropped like stones in a lake , including POO , which will affect their Shale .!!!
with that RNS is why , as Operator , did PMO not also release an RNS ? Or did PMO consider the PIM was too frivolous to bother ?
Also , I ask again , why did the RKH Bod not have a " Time Clause " written into the original Contract , whereby if PMO did not issue a FID and/or Sanction by a certain date , then the Contract would be void and unenforceable - RKH would regain full 100 % control etc. ?
Did RKH's Bod not have the nous to have a Legal Expert to go through the Contract BEFORE it was signed ?
If that was indeed the case , then Sam and his cronies should indeed be removed .
On a more serious note , if you think the last couple of days trading was manipulation , then you should cast your peepers over PMO . Many people on the PMO board have been rattling on about rigged SP's for months .
Sabyam,
It was Trump ! Go get him , baby !!
I think they missed a zero off the $100 mil.