Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Morning Lefty
I think Premier have a good record of getting to production quickly so timescales I expect to be much shorter, especially as we are near infrastructure to support production.
Good luck with your strategy though.
Cd
Wow, that article contains some interesting numbers of potential valuation if the conventional is a success. Re HRZ this paragraph caught my eye:
"It’s important to note that the farm-out does not include the unconventional HRZ shale play – that 0.8-2 billion barrel prospective resource is still with 88E. The HRZ will also be logged and sidewall cores taken in the full carry well with PMO – so that is a bit of a bonus to 88E as well."
Under the terms of the SPA, Premier will pay the full costs of an appraisal well up to a total of US$23 million to test the reservoir deliverability of the Malguk-1 discovery. The well will be drilled and tested in Q1 2020 with rig options having already been identified and contracting negotiations underway. On successful completion of the work programme, Premier will have the option to assume operatorship.
Alaska
Premier has signed a Sale and Purchase Agreement with 88 Energy and Burgundy Xploration LLC to farm-in for a 60 per cent interest in Area A of their conventional Project Icewine acreage in the proven Alaska North Slope basin. This acreage lies close to the Trans-Alaska Pipeline and the Dalton Highway. The transaction provides Premier with a cost effective entry point into an emerging play, following recent advances in drilling and completion techniques, within a proven oil province and one which has the potential to deliver significant organic growth opportunities for the Group.
Even if products, warranties and delivery are similar I'm not convinced about the paragraphs regarding the competition watchdog. The Asda/Sainsbury merger would have resulted in them having 33% of the grocery market, Simba and Eve combined only have about 3% of the mattress market according to the writer himself.