Member Info for Dark_Knight2020

investinvalue... no one in the finance community or me a share holder gives a shit about the debt as long as we are able to pay off chunks and acquire world class assets. debt is only an issue when you can't pay it...

Inestinvalue exactly, i think it will be brilliant if they pull it off. how they do it is another discussion. I just hope PMO don't sell zama....can you imagine zama, plus all the other assets and chevron assets .producing for PMO.. maybe if that happens the share price in a few years will be sitting at £5 plus...who will be moaning then i ask...?? the cat has to come out of the bag soon...

Inestor6 I agree with you but depends how it is financed. if you read the RNS, it clearly states, ''Specifically, no firm decision has been taken to bid for all or any of the assets currently being marketed by Chevron and how, in the event that the Group were to be successful, the acquisition of such assets would be financed''. .... again, i emphasis no firm decision has been taken to bid for all or any ? doesn't mean that they will buy all of the assets lock stock barrel or maybe some of the assets...65,000 Bopd will deliver a lot of money per year...over 1 billion per year at the current oil price. eveyone is hung up on the number but if the asset is making enough money to pay the loan no finance company is going to refuse it. If i am looking to buy an asset for 1.5 billion and it will deliver 50 million per year then obviously i will not get a look in by any finance company, Note that enquest are paying BP a cut from the Magnus oil field which they acquired, so nothing to stop PMO for doing the same.

Well guys IMHO if TD wasn't interested in chevron assets, he should have clearly stated it in the RNS that PO has no, zero, zilch interest and put it on the record but he didn't. I now think their is definite truth in the story, how much truth only TD and his cronies know and time will tell.

Hi Wolfie05 if Sou have made sucha big discovery for TE-10 how come it hasn't gone up any further ? In fact it's had a pull back from 32p to 28p, surely if it was that good it would be much higher than it is ?

The only nugget is you especially since I never said that or accused TD of any sneaky behavior. Good luck to PO if they acquire an asset which produces 65kbopd.... how they will finance it if they are bold enough to do it will be interesting. If they do manage to pull it off I am sure on the long term the share price will go up a lot. Obviously someone released a story to the Sunday Times for whatever reason which Bloomberg reported on at the beginning of dec 2018. Like everything the truth will come out. The hand will need to be revealed soon. Maybe Zama will be a lot better than we think and the price is expected to go up quite significantly..2 to 3 times, who knows, but guess we will know soon since Chevron are planning a bidding process in the coming months.

Bloomberg: Premier Oil may bid for Chevron’s U.K. North Sea assets
Dec. 13, 2018 12:15 PM ET|About: Chevron Corporation (CVX)|By: Carl Surran, SA News Editor
Premier Oil (OTCPK:PMOIF) is considering a bid for a package of North Sea oil and gas assets put up for sale by Chevron (NYSE:CVX) worth ~$2B, Bloomberg reports.

CVX has said it wants to market all its U.K. central North Sea assets, including the Alba, Alder, Captain and Erskine producing fields as well as the Britannia, Elgin/Franklin and Jade non-operated projects.

First round bids are due before the end of this month, according to the report.

Meanwhile, Reuters reports Chrysaor has hired advisers ahead of talks to buy the fields from CVX, as well as all or part of CVX's 19.4% stake in the BP-operated Clair field, the largest oilfield in the U.K. North Sea, which was not originally up for sale.

Selling the central North Sea assets as well as the Clair stake would effectively mark CVX’s full exit from the aging U.K. North Sea basin after more than 50 years.

grippa these days any person who dares to think out of the box or looks at the world in a slightly different way or has a slightly different opinion from brainwashed mainstream sheep followers is called a "conspiracy Theorist"

to add to that twice as many shares in pmo bought that sold but still dropped 11.58%... we are living in the matrix people

Now lets face it, we all get a bit excited when we hear a rumour and the old adage goes, Buy on Rumour Sell on Fact, the market operates a lot on rumours, but I suppose the important thing to think about when you hear a rumour is. Where did the rumour start, has the person posting the rumour backed it up with any research and/or links to that research. If it has just appeared completely out of the blue and has absolutely no basis in fact, then bide your time and wait for confirmation or you could just be supporting a shorters dream situation, or helping someone who's lost a lot of money to sell into a rise created by the rumour. They will then be off, while you are left sitting with the shares and the price drifting down again.

I picked this up from a analysis in the oil business

Yesterday’s Sunday Times had what looked like a well informed ‘scoop’ suggesting that Premier were looking to buy a package of North Sea assets from Chevron for around $1.5bn and to fund it in cash. Given that its market cap is only a shade north of £500m and it has a well publicised debt mountain, even selling all or part of its Latin American business, which I think they would be loathe to do, would not square the circle.

I’m sure that Premier have looked at this asset package, as they would anything in their back yard, but surely a combination of the difficulty of rationalising their existing asset base with financing such a huge package would be bordering on the impossible. However if you do see an advert for an oil company with assets in Mexico, South East Asia and the North Falklands Basin in the trade press you will know what it is…

Thanks Auson.

Good points. Does anyone know how much barrels of oil per day are currently produced by chevron assets in the North Sea ?

i wonder if there is a no deal if that will push the price of gold and silver up like 24th of June 2016. Also trading update on Wed this week.

remember the Canadians also cut output due to their very low barrel of oil. The shale should form a cartel and maybe they will not be in so much debt (excluding the big players)

you are right it could be a more fireworks to come from the whole Iran sanctions and that might push the price up but fatboy doesn't have the balls to push the Iranians to zero oil... let's see if the rig count has fallen... Also the problem the fat overgrown orange face orangutan has shot his own shale industry in the foot with his stupid brainless tweets by pushing the price of oil down. The break-even point for shale is $50 to $60... anyone else which claims otherwise is talking nonsense. If the shale industry had half a brain they would cut at least 500k barrels of oil per day to push the price back up but they are too thick to do that. The Canadians in Alberta had to take action and cut 350k bpd which has had a huge positive impact on their price of oil.

80p finally let's see if it holds... it is like they didn't want it to go over 80p

i think it will pull back to 25 to 27 to panic some of the PIs.... myabe tomorrow or on Monday. Let us see.

expect some tree_shaking for the next month or so....

i don't understand why people try to prove each others point on these forums. The proof is in the pudding. What a waste of time spending your life with these meaningless debates. If you think Sou is BS or they have made up the RNS then sell up and shut up. Investment is a calculated risk. Don't put in money into a company like this if you cant afford to lose it. People who post talking about how much money they are making must be extremely sad... if i was making all that money i would be out enjoying my money not posting nonsense on the board and making stories up about emails....