Member Info for Bladesman

I'm thinking that if pmo can give a positive update on zama sale before creditors meeting that would be very helpful indeed as this will give fresh impetus to the sp to put more pressure on arcm

I wonder if this closing process will start pre or post the creditors meeting on 12 Feb. Thoughts welcome

Oil up on the week's market opening. Interesting week ahead. GLA.

Can't rule out a margin call on the shares that arcm hold, so not necessarily do they have all the time in the world to hand them back. Interesting to see how all this unwinds. Strap yourselves in, its gonna be bumpy!

Indeed it is with sanction by the court expected in March. Get your champers ready ??

And let's not forget that 43 per cent of Oil production in 2h 2019 is hedged at $69. With record production and Tolmount to come, not to mention SL and all being well Charlie1, no wonder arcm are stressed! ( to put it mildly)

Dorset Anglo Greek is correct. We are entering the end game of all the games over the last four years. Tony Durrant has played an absolute blinder to rescue pmo from oblivion and build a first class investable company that will now achieve its full potential. Well done to all those patient long term shareholders. May your rewards be plentifull and joyous. GLA.

I think the only cells that count are those in arcm's spreadsheet which calculate their various losses based on numerous pmo sp assumptions, all of which are way higher than their predictions

Creditors' agreement must have been obtained for pmo to invest and comit to a court process. The speed at which this has been arranged is very encouraging; sounds like a "no brainer" - which is a legal term for dismissing the arcm objection in very quick time !

Seems wrong that an organisation which chooses not to abide by rules ( ie not disclosing their short postilion) can rely on rules enforcement in the courts when it suits them. Let justice be handed down harshly against those who flout the rules !

I would love to be in court when the judge asks arcm ( or its lawyers) "so, can you please explain how it was beneficial for Premier Oil or its shareholders, when you bet against it by taking out a record huge short position and then failing to declare that position as you were required to do by the regulations?

Agreed, and the sp continues its stellar run this morning despite suppressed poo. All good. Looking forward to the court decision shortly.

Thanks for sharing. I'm sure that whilst the
Scottish Court will have to apply the law based on the facts on this case, any room for discretion will be excecised in pmo's favour as this benefits the local economy as pmo has invested heavily in Aberdeen to support their expanded North Sea operations. Big day today, let's hope right is on our side. Gla.

No change in mine. Plenty of upside still left as noted by shorters (except arcm)

Thanks for sharing, Man. This share price momentum is only going one way and that's not in Arcm's favour.

I think the analysts have overlooked the benefit of the Charlie 1 drill with 88E, being focussed on the zama sale, re fini and North Sea asset deal. More good news to come to push us on through 125 plus.

Cheers. Worth a punt at 1.4 p then, 88e that is

Who benefits most re the above : 88E or PMO?

Let's hope pmo are getting a similar premium for their Brent output from catcher et al. And it would be good to know their long dated price that's locked in. Last time I seem to remember it was 69.

Once we get a confirmatory Rns that 75 % of lenders support the deal this short position will drop dramatically.