Member Info for kenniGT

Mistake...
Forward curve 55$, so 55$ in 18months and continue at 55 average.
Forward curve 65$, so 65$ in 18months and continue at 65 average.

They assume 2 scenarios. I understand it like this.
Forward curve 55$, so 55$ in 18months and continue at 55 average.
Forward curve 65$, so 55$ in 18months and continue at 65 average.
With second option you have debt reduction from 1.9bln to 400mln, and with first to 1.1bln if I remember correctly.

I think oil will go closer to 100$ in coming years. Electric cars... maybe, but world is not Switzerland or Norway. Developing countries in Africa/South America/Asia will be using more and more oil.

And that is the point. They do not need 51months at 100kbpd.

SK ,18 month forward curve to 55 (or 65 - second scenario) , should I draft it for you?

55 and 65 is 18 months forward curve, so 55 or 65 in 18 months. Not for next 4 years....

Oil price at this level was in 2008, 2016 and now.
Other times above, I think assuming 55 minimum make sense.

Suddenly it looks like good LT investment. In 5 years time when we will be able to see end of dept valuation of PMO should be in billions, not million. Methinks.

pumpy dumpy...

Mnazir volumes are not to small for that?

.

Close to 100k bpd after Solan (10kbpd) and BP (19kbpd) online should be situation in October after dilution.
Debt should be reduced by $300mln so to around $1.67bln.

What mcap would you guys value PMO at than?

Yes, but PMO says is good so it is good. LOL

lol

https://twitter.com/PremierOilplc/status/1296375948712054784

yeah yeah
it will be up and down until covid crisis finish, nothing new :P

To f* up those who were supporting previous years at 60-80-100-120p is just not acceptable.

Bully, yes, this is what they wrote in RNS Half Year Report.

Yeah, I read all of it. This is what I am talking about. There is more than you quoted in report.

Funky read Half Year report, they say they have other option if that happens.

Methinks PMO will prevail, will be doing almost 100kpbd near future, but LTH will loose monies thanks to creditors pressure during covid crisis.

It is cheaper than BP assets they buying! 3x. They were valued £600mln in January!