Member Info for Yobbo

My JHI have finally now appeared in my Hargreaves Lansdown account. They are not tradeable but at least they are there.

You missed in the dummy RNS, the bit about the full and final repayment , on day 1 after a takeover, of the entire remaining Macondo spill debt and long term fines outstanding. I am 99% sure that this requirement clause relating to takeovers was in the final agreement signed by BP with the Feds and the individual states. Its still a chunky amount of money.

Are IG describing it as a dividend or something else ?

Ithaca and Spark have the acreage next door on the ridge so I wouldn't rule them out either.

I read the presentation that they issued today and as I suspected its a little thin on detail. Still its the best we have had for a while and is a starting point. It would have been nice if they had added a 'Next steps' slide at the end of the presentation.

I would love to see a breakdown of the costs in the proposal as my immediate reaction is that the costs are substantially lower than I would have expected. It might be that they are adopting a similar FPSO funding and development approach to that used by Hurricane energy West of Shetland. While Hurricanes reservoir has not delivered their financing model has worked. The issue that I would have with BOR though is that they are in a remote part of the world and not a days sailing or a helicopter ride from a major Oil Centre like Aberdeen, so there will be many unknown costs and so they must have a substantial contingency. They will also need quite a large FPSO if they are planning 70,000 barrels a day.

We need more info, and ideally a sizable online presentation re their plans, costs and funding model.

I have seen nothing in my AJB account. It seems a bit chaotic there today, I am assuming due to the market data issues mentioned elsewhere.

My HL account is showing no change, with everything for the OO still greyed out, but they have taken the money.

Got my HL and applied this morning via the website which was surprisingly easy to do.

"exciting opportunities ahead" Has he said that before ?

Share buy backs rarely improve things. They just sends a signal that we are short of ideas or lack ambition....

Whitehedges, I am not getting too excited either. The geopolitical situation may have changed in our favour but Oil & Gas in the Falklands faces the same challenges that it always did.

How do we know that anything is actually happening and that it isn't just an organised attempt in the market to try to make a decent profit on the open offer? Lets just see if we get an RNS from BOR about the price rise. Sometimes silence speaks loudly.

I am the same but with a different broker. I got all the shares that I asked for but they are not yet tradeable.

W still need to know what they are going to do about the gas when it arrives as bubblepoint is getting closer. Hopefully the Bluewater and debt situations will resolve themselves soon, but once this is out of the way we need to see a plan for the next 3 years......... pronto.

The Chairman is putting significant amounts of his own money into this; frankly, far more than I would think prudent, so he must have some ideas as to what the future plan is.

And BP Profits in 4Q nowhere near as good as Shells who did increase their divvy.

I think all the BOR uptick has been caused by a single recent large share purchase by an investor and the rest is likely optimism.

While the bond situation is improving, like NGR I want to hear about the next phase. They need to raise new money soon and at a minimum do a workover and drill one new well next year.

The easing of the oil price hasn't helped. However, the market also wants to see the HUR funding and Governance crisis over and a fully funded roadmap for the next 3-5 years in place.