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Reserve replacement will be the key topic soon given how much production is reducing 2P. That’s why Big Tone is looking at other NS assets
Pmo have that at Zama, tolmount in the bag for that
Under the current lending terms there can be no dividends paid. They expire 2021 however PMO are looking to reneg next year, the question was is will equity have to take some pain again and will there be closure on the Sealion farce.
Current debt is not really an issue given Catcher production and Tolmount coming on line.
Reserve replacement will be the key topic soon given how much production is reducing 2P. That’s why Big Tone is looking at other NS assets.
And people still insist this share isn’t played!
Na this said transaction took place weds. Hence the 10p drop no wonder we dropped so harsh. Ah well. I took alot of their shares. Il give em back to them at 80p
Morgan Stanley - took out a short on Wednesday and closed it today, 10p per share bagged??
USA rig count down 15.
(Alliance News) - Premier Oil PLC on Friday said Morgan Stanley reduced its holding in the exploration and production company following a transaction on Wednesday.
Morgan Stanley chopped its stake to below the 3.0% notifiable threshold, having previously held 5.2% interest.
Premier Oil shares closed 3.1% higher in London on Friday at 67.08 pence each.
So that would explain the 10% drop on weds. But then that rns on weds was wrong!
They dont intend to pay no divis. From all their podcasts its simple keep at 80-100kbpd get debt down to $1 billion. Thatl take 4 years yet. But should see a market cap closer to $1.5 billion then. Look at tolmount. They saying will bring in close to $1 billion in revenue over 10 years. And its costing us $120 million
Will be less than $2bn imo
Dividends may restart then, but I prefer dividends with debt at $1.5bn