Member Info for Lakesideman

Why today ? it takes 60 days for results to be processed or did i miss something ?

Did I hear that correctly 60 days until results are back ??

Interesting article and adds some reassurance to the situation at present .. sounds like a top up chance !!

I emailed and asked the question , was prospectus going to be issued this side of Christmas , Elizabeth answered me back “ That is still our aim.



Kind regards

Elizabeth
”

NO ...
taken from same document ..
"Shareholder approvals
As indicated above, the Transaction will be conditional on approval by Premier’s shareholders.
Premier currently anticipates posting the prospectus and shareholder circular to convene a
shareholder meeting to approve the Transaction before the end of the year. At that meeting,
shareholders will be asked to approve resolutions (i) consenting to the issue of more than 30 per cent
of the shares in the Combined Group to Harbour and its concert parties without triggering a
mandatory offer for the purposes of the Takeover Code (a Takeover Code “whitewash”); (ii) approving
the Transaction for the purposes of the Listing Rules; (iii) approving the issue of new Premier shares
to Chrysaor shareholders and Existing Creditors, as described above; (iv) adopting new standing
authorities to issue shares and disapply statutory pre-emption rights reflecting the enlarged share
capital of the Premier; and (v) certain other matters required to effect the Transaction."

https://harbourenergy.com/201006-pr-final.pdf

aker BP are 202 today !! ill take that !!!!!

Absolutely NO ONE has a clue ..... I cannot believe (with all the good news and a vaccine ) we are dropping again , so all the good news doesn't really affect us rising ..I do believe we are here until mid 2021 but god knows what will happen in between .

But the deal was done and signed off several weeks ago ?

So why are people thinking this might go to mid 20's and 40's and 50's if some think the deal has been done at low to mid 20's ? I know no one knows for sure but that was the whole chat when we were at 11p ? I wish for 50 and beyond but is that realistic , Ive been her since mid 1990's in and out several times and still have some expensive shares but well diluted now . I remember the days of £5 !!

forgive my ignorance but whats fcf ?

just wondering to diversify are many of you investing in Enquest ? seems relatively good value with potential ? thanks

£57k @ 17p

Maybe old news but bought a shed load yesterday .
https://www.aberforth.co.uk/

After the last 24 hrs we now know who to trust on this forum and who not ??!

https://www.premier-oil.com/investors/calendar

This will make interesting reading , but at present with deal done does it really matter !!!

What’s the thoughts on how the election will ultimately effect us ?

https://www.forbes.com/sites/rrapier/2020/11/06/what-a-joe-biden-presidency-means-for-the-oil-industry/?sh=495896253652

Hope so ! Can’t believe where we are ! I bought to pull my average down and it still goes lower ... got a nice email reply from Elizabeth a few days ago and she said the following “

The market valuation of the Combined Group, and therefore the new share value, will be ascertained once the transaction completes, which is anticipated by the end of Q1 2021.



In the meantime, it is hard to put a market valuation on the Combined Group given Chrysaor is not a quoted company. That said, the Combined Group will be similar in size to that of the Norwegian E&Ps – Aker BP and Lundin – in terms of production, reserves and balance sheet. It would therefore not be unreasonable to expect that the market cap of the Combined Group would be similar to that of AkerBP and Lundin who have a market cap of c. $5-6bn. With 5-5.45% in the Combined Group, that would put Premier’s market cap today at c. $300m.



In terms of Transaction newsflow, we are in the process of seeking consent from our existing creditors for the proposed merger and expect to get to the requisite 75 per cent threshold shortly, at which point we will make an announcement. We plan to publish a prospectus and a shareholder circular in December which will include information about the Combined Group, including a valuation of the Combined Group’s estimated 2P reserves. The shareholder circular will include details of the shareholder meeting to approve the Transaction, which we anticipate will take place in January.”

bought more this morning as trying to reduce my overall price , pretty disappointed so far in the rise but maybe early days ?