Premier Oil Tweet28 Aug 2019 18:30
Have spoken to premier there very open and honest, Basically at $60 Per barrel Everything goes HunkyDory future investments are paid for debt is serviced all is good. If the price of oil dropped to 50 today and stayed there not going higher at all then things will get tight just before Tolmount comes online, but don't think they will break covenants. Gas at anything above 25P a Therm is profit. BUT they have just opened the data room for Zama and there has been a lot of interest!!! :) Again no garuntee but hopefully between 300 to 500 million dollars IF there is a buyer!! There very open that PMO is a liquid share so its heavily manipulated and there far from happy about it as you would expect but IF Zamma can be sold and continue as good production guidance hitting targets then as Warren Buffet says the market will eventually have to take notice!! For me A Zamma sale will be a game changer for them but have to be patient!! Donald Trump having a Heart attack will be a game changer also but don't think we will have this much look. They said that general investors are staying out of oil and gas ATM due to volatility BUT there going to America Next week to meet potential institutional investors and London the week after, the more institutional investors we get onboard the less manipulated we will be!! Alaska there hoping to find 200 million barrels in the Ground and drilling around catcher and torment will also produce extra production at lower cost. For me the buy in price now is a big oportunity but this is only my opinion and hoping 140 within the next 12 months can come!!!
Sign In
Follow the stocks
