Nu-oil And Gas Share Discussion Threads

[risk1] 26/11/2018 12:46

Buying time perhaps

[nudog69] 26/11/2018 12:44

So sorry for all in I really mean it! ✌️313;👍

[ghostme] 26/11/2018 12:35

Just read the rns in detail grim to say the least

[thecashmoney] 26/11/2018 12:30

Yep am not watching

[thecashmoney] 26/11/2018 12:29

Yep don't look good

[ghostme] 26/11/2018 12:29

Hard hats at the ready! this is going to be awful

[ghostme] 26/11/2018 12:28

no wonder nuog tweeted this morning then. the dump is on now look at all those 1m sells

[thecashmoney] 26/11/2018 12:26

Read the rns Dommo

[thecashmoney] 26/11/2018 12:25

Finance redevelopment themselves

[ghostme] 26/11/2018 12:22

Is that you selling 1m or forward placing flip

[ghostme] 26/11/2018 12:21

thecashmoney what do you mean gone. Not mfdevco?

[thecashmoney] 26/11/2018 12:10

So that's Martello gone , thought s

[thecashmoney] 26/11/2018 12:09

harter made it difficult for Dommo Energia to carry on with its planned and approved investments in TBMT given the uncertainty regarding the permanence of the FPSO as the production facility on the field. The New Charter was negotiated by the parties in order to give Dommo Energia the necessary visibility and long-term commitment to keep investing in TBMT to further increase its production capacity.

As a result of the New Charter, the Company will be able to resume its planned and approved investments in TBMT ("Revitalization"). The Revitalization consists of the upper completion of the fifth well, 4HP, which has already been drilled and needs to be connected to the FPSO, as well as workover activities in the four producing wells, known as 2HP, 6HP, 8H and 44HP. The goal of the Revitalization is to increase the production of TBMT to an estimated 10,000 bbls/day by late 2019. The company estimates the cost of the Revitalization to be USD 80.0MM ("Revitalization Expenditures"), which should be disbursed over the next 12-18 months and will be funded from existing cash balances and future cash generation

[thecashmoney] 26/11/2018 12:07

razilian Corporate Law no 6,406/76 and CVM Instruction no 358/02, announces to its shareholders and the market in general that on November 26th 2018 the Company, upon approval from its Board of Directors, executed a new amendment to the charter agreement ("New Charter") with OSX 3 Leasing B.V. ("OSX 3") to extend the existing charter for a period of up to 20 years. OSX 3 is the owner of the FPSO OSX-3 ("FPSO") that serves as the production facility on the Tubarão Martelo Field ("TBMT"), which currently produces around 6,000 bbls/day. Furthermore, along with the New Charter the Company and OSX 3 have cancelled the option to acquire TBMT that was held by OSX 3 following the judicial recovery.

Under the terms of the previous charter agreement ("Old Charter"), which had been negotiated as part of Company's restructuring of its indebtedness while still under judicial recovery (as disclosed in the Material Fact released on July 24th, 2017), OSX 3 had the option to notify the company at any time of its intent to remove the vessel from TBMT. Furthermore, as an additional protection to OSX 3, the Company granted a call option which enabled OSX 3 to acquire TBMT for USD 1,00 under certain conditions.

[nudog69] 26/11/2018 12:00

Now that’s no surprise now is it! Lol! Dum dum dum another deal bites the dust! Lol! ✌️313;✌️

[thecashmoney] 26/11/2018 11:39

Breaking news new dommo energia FPSO don't involve mfdevco

[nudog69] 26/11/2018 11:04

You forgot “another one bites the dust” lol!! ✌️313;🤞

[nudog69] 26/11/2018 10:57

🤞🤠🤞 I’m knitting with one needle ✌️322;🤞