Deo Petroleum Share Discussion Threads

[christianf12] 21/3/2012 10:46

Anyone know the max available to buy presently?

[pyemckay] 21/3/2012 10:11

I think that a plan for Perth has to be submitted by 31st march or else deo lose the field

[christianf12] 21/3/2012 10:06

Paying 29.9p now, can't imagine there are many shares available sub 30p.

[christianf12] 21/3/2012 09:24

Might be a scramble for stock here later today if Budget positive for NS oilers. We know what happens when there are a few keen buyers in a stock where there aren't many shares : )

[montyhedge] 21/3/2012 08:26

Come on George give the north sea boys a tax concession. The shares would take off.

[rhubarbe] 20/3/2012 23:38

They do need a fairly large wedge for Perth - £100m..... from memory. Could be $...

[pigeon1] 20/3/2012 23:35

Rhu they carried for Spaniards so no funds required there but presumably they need mega funds for Perth?

[rhubarbe] 20/3/2012 22:45

No problem. I'm a bit under water here but I don't expect to be for long. Not without risk though..

[ekon] 20/3/2012 22:42

thanks Rhu...I will read more on DEO

[rhubarbe] 20/3/2012 22:29

Caught me out there. Bit of both I expect. Maybe it should have read "and" whether rather than "or" whether. Makes sense then.

[ekon] 20/3/2012 22:27

>Rhu..."You have to make a choice and decide if you think the debt market will provide funds or whether the IIs will divvi up some more in exchange for equity.

....I think they will."
- which?..the former or the latter?

[rhubarbe] 20/3/2012 13:56

The're cheap because they haven't enough cash to meet their current programme. You have to make a choice and decide if you think the debt market will provide funds or whether the IIs will divvi up some more in exchange for equity. I think they will.

I think it's a good prospect and by the looks of of so do the IIs holding.

You could ask on TMF but if you get a reply from wshak be aware that he's not upbeat about much at all.

Paul Curtis bought at about 20p..

Far as I know they just have the two assets.

[pigeon1] 20/3/2012 13:49

Yes i knew they had some spaniards, which is still Q3 i think, but i need to have look at their other assets. You can't point me at a Curtis or someone else's summary of why these are so cheap can you?

Volumes look a bit thin here tho

[rhubarbe] 20/3/2012 13:30

It's a punt, pigeon. But it could be a good one.

I think I may have been in here before Paul Curtis but he's certainly overtaken me now!



I think that this is the sleeping tiger. Only 43m shares in issue and so few in public hands that it's going to be hard to get them when news breaks.

Involved in Spaniards - see below link.

[pigeon1] 20/3/2012 13:14

Rhu you flying solo here mate?

This isn't one of mine am i missing out?

[rhubarbe] 19/3/2012 20:31

So, Paul Curtis has made a packet everywhere he's been. I'm still waiting... tap tap tap...

[rhubarbe] 08/3/2012 16:37

Dum di dum...

[rhubarbe] 05/3/2012 11:12

BUY: 15000 units in Deo Petroleum Plc at 33.95 pence
Value
(excluding stamp duty, commission and PTM levy) £5,092.50
PTM Levy £0.00
Commission £5.95
Stamp duty £25.46
Settlement date 08/03/2012
Total value
(including stamp duty, commission and PTM levy) £5,123.91

No problem buying online....

[loglorry1] 05/3/2012 08:56

I've just shorted some PMG stock at 24.5 whatever happens it looks to me like more PMG paper in issue at lower prices.

Log

[lanaken] 05/3/2012 08:52

The market is suggesting a deal and funding are lined up. If as DGP suggests the funding market has eased up I'm pretty sure TC could pull a deal together here.

I still can't see how it will stack up and maybe it will involve swapping the FPM shares for a higher stake in Perth.

There is something happpening here, I feel, and it might well be positive for DEO holders.

repo

PS Try buying DEO online;-)

[loglorry1] 05/3/2012 08:44

I just hope we get the all share offer and the funding at the same time because otherwise by the time we get the PMG shares I doubt they'll be worth much to us. I just can't see how the market can justify the current PMG price which is up another 12% today. A PMG short looks like a decent move at this point.

Log

[exmooroil] 05/3/2012 08:35

If so, repo, I wonder where that leaves Faroe's 28% equity stake. Faroe has not mentioned Perth in either its recent Presentation or last update.