Member Info for kenniGT

Devon, you are missing one point.
Creditors do not live in the bubble (well... ARCM) ,they know there is a crisis and I think they understand killing the company would be not good for anyone... They can get more $$ if PMO continue to pump out the oil. And that is the bottom line.

And From RNS:

'the refinancing is anticipated to take place during Q4 2020'

So why 30 September?

Replace 'all' with 45 per cent

devon... if they would demanding payments now, why would they all agreed Refinancing ?!

https://www.lse.co.uk/rns/PMO/refinancing-heads-of-terms-agreed-zym6otyytazlt8p.html

With over 100kbpd they can earn on this debt with 8,4% and get the debt back in 5years (65$)
Do debtors have a business which can generate hundreds of mln cash every year?
Debtors like Schroders manage hundred of billions every year and 0.3bln here does not make them any poorer. In contrary. The can afford to wait for 8.4% payments and make millions out of it.

Debt maturity is in half a year time.

I do not know how high platforms are but 100m above sea level almost whole bay will have winds 50km/h. On sea that might still be not too nice. And other question is, what will happen in weeks time? Another hurricane?
https://www.ventusky.com/?p=29.16;-90.01;6&l=wind-100m

Hi Patrm
Yes, true, there are other sectors to invest as well. I tracked a lot of shares which bounced back to pre virus levels and never invested in them. Another lesson.

FunkySusage
And yet this 'too weak' Bata storm forces Gulf of Mexico Oil Drillers to evacuate
https://oilprice.com/Energy/Crude-Oil/Gulf-Of-Mexico-Oil-Drillers-Evacuate-As-Another-Storm-Approaches.html

https://www.dailypolitical.com/2020/09/21/premier-oil-plc-otcmktspmoiy-receives-0-50-average-pt-from-analysts.html

Shares of Premier Oil PLC (OTCMKTS:PMOIY) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $0.50.

Sure, but next one might be strong, climat change...

I think there will be more at US coast
https://www.ventusky.com/?p=27.84;-94.02;6&l=wind-10m

https://www.lse.co.uk/share-prices/sectors/fossil-fuels-and-distribution/

Whole sector is -8.32% down

we have black Monday, whole market is down massively

Good point :)

I would be glad to see them going.

I think they want to do what GGPL did on Friday - spook as many investors as they can, to sell at lowest price possible and than someone will acquire all those shares

I think they want to do what GGPL did on Friday, spook as many investors as they can at lowest price possible and than someone will aquire all those shares.

Deramper's guess, SK ;)

I would not be surprised if they were in Fincet leaked files

https://www.lse.co.uk/news/hedge-fund-arcm-to-sell-200-mln-of-premier-oil-debt-sources-ydfxkjdr6esv12r.html