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Seems to be enjoying watching Pi’s suffer and revelling in the company misfortune. People like that are low life in my book
Happy,
You’ve been happy deramping in this bb for longtime now; why are you doing it and for what purpose?
Please answer me?
You are not my friend either. Internet would be much better place witout trolls like you.
Ha ha ha. My heart bleeds. You are a much better comedian than you are an investor. I wish you the best, friend :-)
Happy, I am not your mate and never will be.
Go to BP board and spread you sh*t there.
Mate you know PMO are like that f*cking annoying shopper at the checkout in front of you, fumbling with vouchers trying to find the ones that haven't expired.
I'm a BP shareholder and this is all BS. PMO should never have pursued this stupid acquisition. They're buying c*rap they can't even afford.
Best
Happy
You are proper deramper.
PMO wants to limit dilution and you are not happy. Your nick is a joke.
Crisis, there is opportunity to ask for this as BP understand pressure on smaller oilers.
Kenni
I am miserable. Happy is an ironic moniker. Are you happy invested in this diabolical mutt? Do you like giving away your hard-earned cash for free so executives can pay their children's private school fees? We're both sad, just that one of us actually knows it!
It's also obvious that they're having difficulty raising the funds or satisfying creditors. Why are they asking for such a huge price cut at the 11th hour. They're up sh*t's creek without a paddle. This is not going to end well imho...
Happy you can also f**k off from this board as you obviously not happy here :)
What a right dog's dinner.
Hope BP (which I own) tell them to f**k right off this time. If you can't afford the price tag, stop window shopping FFS!!
Desperate stuff.
Premier Oil seeks another price cut for BP North Sea deal - sources
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09/23/2020 | 11:39am EDT
Struggling oil and gas producer Premier Oil has begun talks with BP to lower for the second time a $210 million deal to acquire stakes in two North Sea oilfields, sources told Reuters on Wednesday.
Premier is seeking to reduce the cash payment to BP by $70 to $80 million while it attempts to raise $530 million in order to pay for the acquisition and restructure a debt pile of almost $2 billion, three sources close to the talks told Reuters.
The effort comes as Premier is also in talks with rival private equity-backed North Sea producer Chrysaor for an alternative funding option.
Both BP and Premier Oil declined to comment.
This is the second time Premier has asked BP to sweeten the terms of the $625 million deal announced in January 2020.
In June, following the collapse of oil and gas prices due to the coronavirus epidemic, BP agreed to reduce Premier's cash payment to a total of $210 million and retain costs associated with the abandonment of the Andrew and Shearwater fields.
Premier Oil's CEO Tony Durrant expected the cashflow from the acquisition to help lower the company's ballooning debt which dwarfs its market cap of 153 million pounds ($194.75 million) as of Wednesday.
The acquisition of the BP fields will help push Premier's output to 100,000 barrel of oil equivalent per day from around 67,000 boe/d currently.
By Clara Denina and Ron Bousso