Member Info for kenniGT

Thanks, I did not understand that bit, assumed it will included in dept only.
But still, this will not need to be 'raised' on the market to fulfill requirements for refinancing.

So, in total $325 by equity rise , which equals to £246.
And rest $205 will be underwritten by senior creditors.

https://www.premier-oil.com/sites/default/files/files/200820-hy-results-rns.pdf

That equals to $325mln. RNS is in Dollars.

Where do you guys take £530mln from?

UJO is AIM company...

325mln Dollars is 246mln Pounds, and this is what they have to raise !

And Dollars, not Pounds !

They need to raise 325mln not 400mln via new shares....

The difference is PMO is doing 67kbpd at the moment.
BP acquisition will add 19kbpd, Solan 10kbpd, Tolmount 20-25kbpd. So over 110 kbpd in near future.
How much UJO is producing?

lol Lening if test 182bpd gets you exited than GL ;) WN is what matters for those companies...

UJO is 44mln and has small stake of West Newton, 16,6%.
RDB is 50mln and has 54% in West Newton, imo safer option.

So... it will be 105mln more than anticipated by investors.
A bit overreaction at the moment, methinks.

As I understand from below, PMO needs to raise only 325mln.

Not 530mln which is 230 (BP)+300.
530-325=205mln will be provided by creditors.

''An equity raise of $230 million to fund the proposed BP Acquisitions as previously disclosed and to pay transaction costs.

A further $300 million of new equity concurrently raised to reduce debt of which $205 million will be underwritten by Premier’s senior creditors who would convert existing debt into equity to the extent that the $300 million is not raised from existing shareholders in a pre-emptive offer or from new investors.

The proposed refinancing will be conditional on total take-up under the equity raise being not less than $325 million (excluding the underwriting by creditors)''

https://www.brrmedia.co.uk/broadcasts-embed/5f3d24b5b14d87262643987d/?player_only=true

That is long read!

And what happened here? Chart looks similar to PMO lol
https://uk.investing.com/indices/uk-100

Sussage you post says: I am new to PMO
And as I said before, you want to top up as low as possible hence deramping...

Remember that PMO is a Natural Gas as well, which is flying at the moment.

Funky all the best, see u at 50p :)

AK57 you forgot Zuma sell in mexico , should be worth current MCap or more...