Encore Oil Share Discussion Threads

[ianbrewster] 17/1/2012 11:46

Yes

Hargreaves Lansdowne are now showing PMO in may account

[huttley] 17/1/2012 10:36

Has any ones account been credited with new PMO shares yet ?

[spacecake] 17/1/2012 10:11

Goodbye EO. and hello PMO!

[oilretire] 16/1/2012 22:56

Any word on what AB & co are doing now - or are they absorbed into the PMO fold for just now?

[sg31] 16/1/2012 16:19

The new tax year is when we will probably see Encore holders exiting.

[huttley] 16/1/2012 13:54

Well looks like we are all done here,so will the market welcome us tomorrow as PMO or will there be a little profit taking we will soon see.

[alexx] 13/1/2012 15:21

This seems to be the only PMO thread that been used in the last month

[wolansm] 13/1/2012 11:39

Thanks understand CNF / Alex these are things that I do anyway; many thanks for taking the time to clarify anyway.

[sg31] 13/1/2012 10:22

Is there an active PMO thread?

[idleduck] 13/1/2012 09:47

Cash
Thanks
Its good to see PMO moving north so strongly
On balance I've come to the view that we've been relatively lucky with many of us brought in from the cold, so to speak
Idle

[cashandcard] 13/1/2012 09:31

idleduck,


They should put that PMO paper onto your account around the 17th Jan. Maybe different depending on each broker.


Cash

[alexx] 13/1/2012 09:22

wolansm
Quite apart from isas you can also make capital gains of about £11K a year before you pay any cgt at all. Good idea to try and adjust things so that you make capital gains of about that amount during each financial year.

For me anyway going for PMO avoided making a capital gain in the 11/12 year which would have been over the 11K limit.

[idleduck] 13/1/2012 08:17

For clarity's sake
For those of us who have opted for PMO paper, what date will that paper be tradeable?
Cheers

[captainnelsonforties] 12/1/2012 16:50

Wolansm,

Transfer PMO at a rate of £10,680 per year into your isa then sell as you please within the TAX free wrapper. EO. wasnt isaable, PMO is. ;) I wouldnt sell too soon though as PMO now has plenty of legs for further gains over the next couple of years drilling campaign. Providing they keep out of Chinese or Korean hands. The UK may block that move though.

Captain Nelson Forties

[wolansm] 12/1/2012 16:42

CNF

What do you mean capital gains free; surely cgt will still need to be paid on the pmo shares when they are eventually sold againsta what the original Encore shares cost (please educate me with a few kind lines)

[leedskier] 12/1/2012 15:47

That would be interesting: PMO EO. ex pats thread ;)


I think the oilers are either over at AEY or GKP or NEW.

[dorsetlad] 12/1/2012 12:50

I have enjoyed the EO. ride and reading this BB immensely since my entry March 2009. I am a novice having only started my SIPP in 2008, but I have learned a lot on this thread (good & bad). Catcher is a great asset to have and 93% EO. shareholder think so also taking PMO paper. It has done my SIPP a world of good and I am encouraged to continue with AIM explorers. All you regulars that post such high quality info. - thanks.

What PMO BB are you moving too, there are so many to choose from or will a new one kick-off for ex EO. shareholders?

[leedskier] 12/1/2012 12:17

Premier Oil plc ("Premier") is pleased to announce preliminary results of EnCore Oil plc ("Encore") shareholder elections for Share Alternative following the deadline of 1:00p.m. yesterday, Wednesday 11 January 2012.

EnCore shareholders representing approximately 93 per cent of EnCore shares, have elected to take New Premier shares. A final result will be announced tomorrow afternoon, Friday 13 January.

Terms and expressions in this announcement shall, unless the context otherwise requires, have the same meanings a given to them in the scheme document sent to EnCore Shareholders dated 18 November 2011.

[rbcrbc] 11/1/2012 15:36

If you look at the launch price of EO and the sale price and the time difference it really wasnt such a wonderful management. The great thing for (some) investors (me included) was the buying at 8p/16p.

[captainnelsonforties] 11/1/2012 14:39

Well I think we can all tip our hats to the EO management team, they did a sterling job bringing us easy money on Catcher, Cladhan and the GCA. The markets last year and Mr Osborne did us no favours, but we've come out smiling and eventually CGT free after many years of bed and ISA PMO! That'll seem like a new hobby for many of us. :) Yeah it could have been better timed and if we'd stuck it out for another year we'd mave more P2 proven in the GCA, no doubt more finds and possibly coaster too. PMO have shrewd management, they got both OIL and EO. at the right time for PMO shareholders. PMOers would have been rubbing their hands to get Cladhan, Catcher, Carra and Burgman for a total of 17mmbbls P2. No doubt when the GCA is fully appraised our 15% will be significantly higher than that. TAQA has also landed themselves with a very good deal on Cladhan. But all in all EO has had a super 24 months and we'll see a great deal of upside on these assets through our new management team in PMO.

Captain Nelson Forties

[alexx] 11/1/2012 14:28

Well, I did from 18 -> 70p in 6.5 years, that's about 23% a year, more than the average punter manages I guess but it could certainly have been a lot easier or better.

Re better timing, Tom W of t1ps was in at about 8 and out at about 104 in about 21 months, that was around 333% a year. Sure he wishes they all went that well. Was very envious when he bought at 8, why didn't I buy more and also thought he was silly selling at 104 but as it turns out it was a good price in the end.

Think I'll stay with PMO for a while, just glad I went for PMO rather than cash to avoid cgt. May perhaps move some to AEY when I've looked at cgt implications a bit.

[fangorn2] 11/1/2012 10:55

Indeed Repo.Thanks for all your commentary on this one,as well as the likes of NPE, PMO.