MikeyAdmin
05 Feb 2020
Todays Buy Back Trade I suspect todays may be a 187,094 @ 197.39 reported at 16.35.10
MikeyAdmin
05 Feb 2020
Closing Price Close . . . . 195.00 Open . . . . 195.00 High . . . . .198.34 . . . . 15.10.05 . . OT Low . . . . . 191.596 . . . 08.15.32 . . OT MD Auc . . 84 @ 197.8p LSE Vols . . . . 782,795 . . . 553 trades AT trades . . . 425 . . 76.85% OT trades . . . 128 CP . . . 152,914 @ 197.6p FTSE100 . . . 7,482.48 . (+42.66) . (+0.57%) Brent Crude . . . $56.14 . (+1.79) . (+3.32%) . . . (15mins delayed)
MikeyAdmin
05 Feb 2020
Level 2 The 15,000 @ 198p which morphed into a 11,840 at 8am was bought at 15.04.29. Spread 197----197.6 . . Mid 197.3p
MikeyAdmin
05 Feb 2020
Shaikan Payment Update Hi Theoryman. “So IMHO the best explanation is that for some reason, as yet unknown, there was a deduction in kind that was applied to the actual production. By definition this would have to be for something that had to paid for by all the contractors and not just GKP.†For anyone trying to understand the Terms of the Licence, with it written in a Format that a) can’t be copied b) is difficult to scroll and c) the jargon used is almost pre historic, making it all d) extremely difficult to be able to fully comprehend. But without knowing for absolute certainty, I don’t think it’s fair to “assume†that a “Payment†of some sorts has been removed from the top line prior to going through the R Factor And I cannot stress enough . . . MOL is not responsible for any Payments to be paid under the Licence . . . only GKP is It was the same in reverse when MOL was the Operator of Akri Bijeel, GKP was the Junior Partner and MOL paid all Licence related Taxes. That’s how both Licences came into being To me the simple facts are, on a monthly basis we don’t get told the Monthly Production Volume, so we can’t check if a payment is correct or not, so under current knowledge the Payment has to be correct
theoryman
05 Feb 2020
Shaikan Payment Update Mikey, my choice of phrase re the payment regime was poorly expressed. You are correct that the current one is for two years and runs to the end of 2020. There are parts of the PSC that refer to charged interests e.g. wrt to Capacity Building Bonuses. The only contractor charged is GKP, these are cash payments into a nominated bank account and not payment in kind. The GKP take of the gross payment as the “usual†circa 78%, so it’s not one of the cash payments that has lowered the gross one. So IMHO the best explanation is that for some reason, as yet unknown, there was a deduction in kind that was applied to the actual production. By definition this would have to be for something that had to paid for by all the contractors and not just GKP. The problem is twofold. One the original PSC contains sections that I simply do not understand. The other is that MOL would not have to report payments to the MNR in the way that GKP does, IF they had to make any. Interesting that the original announcements, from different companies, about the delayed payments were almost identical; if not completely so. This time one company expressed a view about them being caught back up again in the first quarter but GKP didn’t.
MikeyAdmin
05 Feb 2020
Level 2 Close . . . . 195.00 Open . . . . 195.00 High . . . . .197.80 . . . . 12.02.12 . . UT Low . . . . . 191.596 . . . 08.15.32 . . OT MD Auc . . 84 @ 197.8p Full 225,839----223,745 44—43 LSE Vols . . . . 325,428 . . . 261 trades AT trades . . . 195 OT trades . . . 68 . . . 12.02.12 Spread 197----197.8 . . . Mid 197.4p
MikeyAdmin
05 Feb 2020
Level 2 Close . . . . 195.00 Open . . . . 195.00 High . . . . .197.00 . . . . 09.09.34 Low . . . . . 191.596 . . . 08.15.32 MD Auc . . Full 227,967----213,422 52----44 LSE Vols . . . . 232,999 . . . 154 trades AT trades . . . 105 OT trades . . . 49 . . . 10.17.42 Spread 195.6----196 . . . Mid 195.8p CFEP @ 195p was bought out at 08.38.14 and moved up to 198p on the Ask. At 198p was the first of the 15,000 blocker, barrier or Resistance which morphed into a 11,840 @ 198p, and as yet is untouched with the High Trade @ 197p IMO the rise started quite late on Monday with the FTSE100 and Brent recovering, and continued yesterday as they both made further gains. Those gains are continuing today as Brent pops over $55.5 and the FTSE100 holds onto a 0.75% gain, but the gains are fragile as the Corona Virus is not as yet under control and China is raw material input and goods output is virtually at a stand still. A News snippet I read this morning said the Chinese Oil Input was down 20%
MikeyAdmin
05 Feb 2020
Level 2 Brent Crude . . . $55.15 . (+1.19) . (+2.21%) . . . (15mins delayed) FTSE100 . . . 7,475.47 . (+35.65) . (+0.48%) GKP Trade High . . . 197p
MikeyAdmin
05 Feb 2020
Opening Prices FTSE100 . . . 7,439.82 . (+113.51) . (+1.55%) Brent Crude . . . $55.28 . (+0.83) . (+1.52%) GKP . . . 300,650 @ 195p . . . . . . . . . . . . . . . . . . . . . . . . FTSE100 . . .7,412.43 . (-27.39) . (-0.37%) Brent Crude . . . $54.21 . (+0.25) . (+0.46%) . . . (15mins delayed) OP . . . 192 @ 195p 10,000 @ 187 & 183p, 2 x 5,000 @ 187, 2 x 5,000 @ 184 & 5,000 @ 181p, 50,000 @ 182p = 95,000 Block of Orders @ 166p 15,000 @ 198p, 20,000 @ 203p, 25,000 @ 208p, 60,000 @ 225p, 2,200 @ 221p and 12,000 @ 249p = 132,200 Blocks of Orders @ 199p 204p and 212p Book at c.8.03am 196,584------221,035 33----40 Note CFEP position Screencast.com 2020-02-05_0759 Shared from Screencast.com
ValueSeeker8
04 Feb 2020
Transactions in Own Shares RNS - Transaction in Own Shares Best Regards @ValueSeeker8
ValueSeeker8
04 Feb 2020
DNO Oil bravedog: Will this EGM allow the bod to buy another 10% which would be cancelled? @bravedog, this EGM has only one purpose: to seek shareholder authorisation to cancel all the repurchased DNO shares currently held in treasury and not anything else! DNO recently bought Faroe Petrolume to diversify away from Kurdistan and had to issue bonds to fund the acquisition. I think they are currently concentrating their cash inflow to buy back those bonds and/or reduce debt.
bravedog
04 Feb 2020
DNO Oil Interesting that they call the EGM for February 28. Seems they can’t wait as the AGM will probably come at the end of May. Will this EGM allow the bod to buy another 10% which would be cancelled?
MikeyAdmin
04 Feb 2020
Closing Price Close . . . . 185.40 Open . . . . 189.40 High . . . . .194.80 . . . 16.29.57 . . . AT Low . . . . . 185.83 . . . 08.01.27 . . . OT MD Auc . . 983 @ 190p LSE Vols . . . . 817,991 . . 398 trades AT trades . . . 330 . . 82.92% . . that’s quite large OT trades . . . 68 . . . 16.27.01 CP . . . 300,650 @ 195p . . . FTSE100 . . . 7,439.82 . (+113.51) . (+1.55%) Brent Crude . . . $55.28 . (+0.83) . (+1.52%) . . . (15mins delayed)
ValueSeeker8
04 Feb 2020
DNO Oil DNO’s AGM held on 02/06/2016 authorised its BOD to buyback up to 108,381,406 shares representing 10% of total DNO shares issue. Since then DNO started a buyback programme in relatively small chunks and by 10/07/2017 it bought back 35,000,000 shares to be held in treasury. After which the buyback was halted. But on 10/09/2019 it was restarted at crazy rate of c. 1,800,000 shares per session! By 10/01/2020 there was 108,381,415 shares in treasury! Unlike GKP the DNO share buyback was never intended to satisfy vested staff share options, just to support and stabilise the DNO share. Today they announced their intention to cancel them all! Great for DNO shareholders. Let’s hope that GKP start more share buyback after the next AGM such that it can cancel in the future a great number of them in similar proportion to DNO. I think currently GKP holds sufficient number of shares to satisfy all option awards for years to come. Best Regards @ValueSeeker8
MikeyAdmin
04 Feb 2020
DNO Oil [link]
