Member Info for Auson

mytton,

What are you blathering about 71.4 just paid

grippa,

Purely from memory mate of the two names he posted under on advfn a while back. He got banned from here then went over to Interactive Investor and advfn.

Mrd,

The expert on the convertible bonds who was constantly deramping here said he was a builder. He was spot on with the maths but wrong on the shareprice outcome.

CashFerret,

I would call TDs buy at 42p excellent work, then moving into the FTSE250

grippa, Mrd,

Looks like our old perma bear friend andy.p is now long PMO and holding.

kurtjenkins123,

Agreed mate and the Telegraph, It states Premier have £2.3billion in debt. Its US Dollar $2.3billion approx 25% less than they printed ! It also states that Ineos has paid £300m for exclusive talks with Chevron. Thats wrong its Concco Phillips they have paid but they are also interested in Chevron if the Concco deal doesn't go through.

seer,

RBS is 223p today so as PMO has dropped from 500 to 19 by that logic it should put us at over 250p today

grippa,

But it said different in the Times $1.5b of assets it said RI or Placing it said. A placing for double the market cap has, as far as I know never been done and would fail if tried but it says in the Times. The RNS states no decision has been made. So someones lying is it the Times rumour or the RNS approved by NOMAD and regulated by the FCA.

How is any of this a 'leak' as you put it. Its also not new. In July 2018 Tony said 'Mr Durrant said Premier was always alive to the possibility of bolstering its production portfolio.

He said: “If a deal is good enough, we’ll try to find a way to do it. But we will have to see what’s going to come to market. There have been a lot of rumours, so we will have to see how it plays out over the next six to 12 months.”

Thats quite a big drop on low volume, no big trades yet either.

Investor6,

If what is a good deal exactly, are we just going by the hatchet job Times article. Stating that Tony Durrant's debt laden Premier Oil with a Market Cap of £648m whos share price has fallen from 500 to 80p is considering a Rights issue or placing to help it buy $1.5b of fields. That would be some Rights issue they would need to raise about 200% of the market cap !

Shorters holding fast on short tracker and by the lack of volume. I see 3 funds closed a bit on Cairn on the 9th.

I guess we won't really move up until the shorters are out. Then north of £1 should happen in short order.

Talking of which I bought some Flyb this morning.

Mrd5432,

Lets see Brent back in the high $60s for a while first ! Trade war truce and the US Gov't reopened.

' Looking at 2019 what would you do if TD ?'

I would say go on a diet ?

Goldenbadger1,

That would mean the gas price would have to move in sync with the Brent price.. it doesn't so it would be wrong from the get go.
While we are at it does anyone know what the API is from the Asian assets ?

As its not stated would it not make more sense if the $45 breakeven related to Oil price achieved by PMO. So if it was barrels from Catcher its the Brent price but if it were some higher API barrels from say Vietnam its would be WTI for those barrels. Any oil industry bods care to correct me if I'm wrong ?

RNS out Goldman Sachs increased their CFD exposure to PMO 5.98% to 6.99% on the 7th

GMS some Dubai Investment outfit have taken 4.3% first tranche at no ones watching o'clock 27th Dec

LEK is worth many times more than 11p

laidback,

Based on todays performance $80 Brent should be good for about a 5p SP rise.

sankeys,

Will you sell at 120 if Brent was above $80 again ?