RE: Olliesky22 Nov 2019 11:01
Cometoes,
Thanks for that I liked this bit
“We literally can’t get people through the data room quickly enough,” said Durrant.
“You can’t necessarily translate the number of people visiting data rooms into a success until you open the envelopes. We’ll see.”
Jefferies analysts value Premier’s stake in Zama at $413 million.
Analysts at Benrenbeg said: “This was a solid operational update from Premier Oil, with production averaging at the higher end of guidance, capex is undershooting and most importantly, Premier is recording strong interest in its stake in the Zama discovery offshore Mexico that it is looking to monetise.
“This deal remains a key catalyst for Premier, in our view; it will help to strengthen its balance sheet and, together with strong (free cash flow) generation in 2020, fully address concerns about its debt.”