Member Info for kenniGT

This is how british financial system, kills british investors and british companies.

This is what RRE did during take over. Why they announce share issue and keep it alive I do not understand...

This is getting silly, UKOG was almost 200mln valuation with their 200bpd...
Here we have 67kbp, aproaching near term 100 000bpd and the same valuation

Why they requested 300mln in covid period, with crisis all over the market, and before additional 30kbpd which will accelerate debot payment. Greed aof creditors created this problem.

SK no. They being in control of refinancing made sure to punish LTH. Behavior of creditors is a problem in current financial system.

67kbpd, world class performance and organisation.
Another 10kbpd from Solan in September.
Another 20kbpd from BP assets in September.
Potentialy 95kbpd in couple weeks time.... and this mess with creditors forcing to issue shares... ehh

But there is a lot of brave (new?) investors, buys/sells 2/1 second day in running.
Imo PMO will prevail, unfortunately creditors made sure LTH investors will suffer.
Structure of current financial markets is criminal.

Motley Fool is a fool indeed.

Here is more sensible coverage:
https://www.malcysblog.com/2020/08/oil-price-union-jack-reabold-premier-block-and-finally/

Sure, I am just saying this $205mln from debtors, will not be traded. If I remember correct in Half year report they mention 12months period.

Mrd This is what I wanted pointed out:

Creditors to enter lock up agreements to restrict sale of any shares acquired .

A concurrent additional $300m equity raise, of which $205 million would be
underwritten by creditors who would convert debt into shares subject to clawback
Creditors to enter lock up agreements to restrict sale of any shares acquired .

https://www.premier-oil.com/sites/default/files/files/20201h-results-presentation-v1.pdf

Sell on good news and buy on doom and gloom

Mrd5432 They need raise $325mln (£250mln) to have BP and finance deal.
Rest $205mln will be provided by debtors, and turn into shares.

They have to raise $325mln, did you guys read RNS?

UK debt 2 Trillion , we should leave the country lol

https://www.bbc.co.uk/news/business-53859299

But this was put on us by rich debtors. Bunch of greedy f***ers.
MM are using it to spook investors. I went away from AIM, and here we have the same...
Lets hope the common sense prevail. 20k bpd boost in September.

Brent is 44.7 now...

And PMO is selling oil on premium to brent. Read Half Year report.

Interest for 1H 2019 was 7.9
Now will be 8.4 so it is not massive difference or sth new for PMO

I agree, but amount in £ in previous posts were misleading.