Member Info for esecallum

ummh its well known that people in the know will get insider info ...usually a nod and a wink to buy or sell. Everyone is saying that due to old equipment and assets its unlikely to rise much and you yourself said its not going to more than 100pence

Its very unlikely as people here saying it could go back to 15 due to the large amount of new shorting meaning they have INSIDER information.

Surely they will develop the tolmound field, etc

who cares as long as the oil goes out and the money comes in...

Why was it the worst as minimal capital outlay since the assets/machinary exist already

Maybe we should drop them a letter outlining this as with lower debt after merger they can simply borrow the money to purchase the BP ASSETS. It was around 70 million to 400 million mark.

The board should be voted out and replaced by someone who with some brains. Tullow oil also seems down because of lack lustre board

Why wont they go ahead with buying the BP OIL ASSETS they were planning to buy before the merger? This would increase cashflow and raise bpd to over 300k?

""Analysts SP Angel indicate a Newco value of £2.6b. At 5.45% this would be worth £142m to existing Premier shareholders which is about 25% less than current value''

These analysts must know since its their job.

Who is Fugu?

I thought the credirors would be mostly paid back by Chrysaoar and the debt down by 60 to 80 percent as part of the reverse takeover.

i know that but what i am saying if PMO was by itself around 100p before Covid in Feb 2020 then why would it not reach similar levels. Forget the merger part.

Could you elaborate considering it was 108p in Feb just before Covid.

Oil would have to go to $70 to $90 for PMO to go back 108p in February.

This is never going to happen due to the huge glut of oil.

I understand that but with oil recovering and the debt burden no longer an issue...

I am puzzled that the prices was nearly 108p when it had debt of 2.5 billion in Febuary of 2020 and now with the merger and debt cancelled the price will be only 28 or 36 pence.

Is there any chance it could go back to over 100p or similar in 2021?

I understand what you are saying. i dont have any more money to average down.

However i am puzzled that the prices was nearly 108 when it had debt of 2.5 billion and now with the merger and debt cancelled the price will be only 28 or 36 pence. Is there any chance it could go to 75p in 2021?

That seems very low considering oil is nearing $47 a barrel and the price was 108 of premier oil by itself ...before covid...

Sorry i meant is there any chance it could go to 75 in 2021?

No i am not.

I have NOT said anything to anyone about selling. If I sell i make loss of 16000 which is lot for me.

Is there any chance the price could go back to 75 in 2020 ?