The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Bridgedogg1 - 6 month wait maybe to do with fact that drilling in winter 2019/2020?? Assuming both parties been negotiating strongly in the best interests of their respective companies - no point making a deal in March when could have another 6 months haggling??? Deal needs done now so have now got to point where both parties accepting the terms and now onto preparing for campaign ahead..
No issue with the farm out. I did mention a few times that we would unlikely to get any cash with the deal. PMO usually go after deals that have already advanced to a certain stage so we are lucky to get their interest here on an historic drill result. For 88e we get the change to test the majority of our conventional assets for free. My only issue being that this should have been signed 6 months ago. What the _ was the wait for? I guess the division of the Conventional assets came up.
PMO got the sweet spot but I dont see how a single drill could effectively intersect both the topset and the basin fan considering the angle of the slope so additional technical well planning data will be interesting. The Brookian drill sucess rate is really good and would have been around 100% without Winx. So there's a really good change we can get a few hundred million barrels to 88e on this drill alone.
The interesting point is the potential buy into B and C. Looking at the conventional targets in B&C why would you even bother? There are plenty of conventional prospects in 'A' - its a huge area. Could be because B&C are almost intersected by the Dalton Highway which makes access and therefore drilling a bit more straight forward. Perhaps this was a little sweetener for PMO? An unlikely senario would be that the B&C buy in includes the UNCONVENTIONAL HRZ?? This would be disappointing as there would now be now HRZ farm out until post 2020 drilling. Information setting out the revised HRZ fairway and additional details on the optional buy in will will now be very interesting. Lots of technical possibilities to consider and hopefully we will get a nice presentation very shortly.
Bits. Please identify, and inform us, from the LSE charts on which day, or days, the share price was 1.35p.
I've been using maths for 70 years and drawing graphs and charts for over 50 years of those years and I have been unable to identify where it was 1.35p.
Am I missing something? Please tell me where I might be going wrong.
Bits - I think you may be confusing 1.035 with 1.35 which is not the same at all is it!
You are just the sort of individual who will NEVER apologise for his errors!
Have a look at the Share Charts, and tell me when the SOP was last @ 1.35p?
You are an idiot man!!!
That is a great find Jiddy! Clearly shows the areas split out and what we have given up, and not given up.
First oil 2023/24
Sigh!
Have a look @ the attached Premier Oil Presentation D45! Pages 18 & 19.
http://www.premier-oil.com/sites/default/files/presentation/2019-half-year-results-presentation.pdf
All you do is have a go at people...
What do you reckon to the deal Jidmeister?
Still waiting for an answer to that 50% drivel he posted.
All Bits is interested in is jabbing others - pitiful really!
Bits.
You said sea of red at the bell. I didn't. You were wrong. Everyone noticed.
By the way, how did your GCSE's go today?
Jiddy
Must try harder this share aint going nowhere
In summary we have huge acreage and we've got Premier to pay to prove its commercial. The free carry upside on this is huge.
https://www.investis-live.com/premier-oil/5d307a239add6d1100dca1b3/onvd
You have to sign up to listen
Any chance you could post a link please mate?
don't believe you, just bull**** you are spouting
PMO released good half year results today, I'd imagine that's driving the price there
At least the Premier share holders have taken the news well, up over 5.5%. Pretty good rise for a FTSE 250 company
All good found it
Would someone kindly post a link for the podcast please.
Just in arrivals, checked the share price and my heart sank, just had a quick look at the announcement and it’s not great, I never expected a deal with dozens of wells and lots of cash to go with it but I did hope for at least 3 wells and a few mill to cover our costs to date. At least it doesn’t look like there was a missed opportunity to sell into a large spike, on the razz we go, don’t let it spoil your weekend.
No as at a loss like everyone else in here. If it was 1.30 I’d be out.
PREMIER OIL
* Founded in 1934
* FTSE listed company
* Assets in UK, SE Asia, Falklands Mexico and now Alaska
* Cash and undrawn facilities of around US$570 million
There is a Podcast in ten minutes - I suggest you listen to it!
I think we would have given more away had it been a suoer major