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Add c.23 kboepd of cash generative production in 2019 with development upside; acquired assets forecast to generate over US$1 billion of free cash flow to end 2023
* Add 82 mmboe of reserves and contingent resources at an implied cost of less than US$10/boe
* Contribute to rising Group production out to 2024 with pro forma 2019 production in excess of 100 kboepd
* Add low cost, low carbon emission assets with combined opex of less than US$20/boe
* Accelerate the use of Premier’s US$4.2bn tax losses
* Materially strengthen Premier’s financial position
Keep a close eye on this short position.
Wonder what the Telegraph is saying?
Probably ignore PMO RNS
Asia Research & Capital Management Ltd 16.85 0.00% 5 Jul 2019
oliver.gill@telegraph.co.uk
I now understand about false news and reporters who deal in it.
Are they paid to print these stories?
Is there any substance to this article?
Have Rothschild been appointed?
Or are ARMC running scared?
Pity we didnt know about that bet until recently.
Wonder if it would have changed investors minds regarding buying or selling.
A question for the Telegraph and the FCA.
https://www.telegraph.co.uk/business/2020/01/04/premier-oil-hires-rothschild-2bn-debt-battle-lenders/
2 Pence up with all thats going on and the update on the horizon.
Manipulation!!
Anyone had a reply from the FCA?
Sure to surge on the trading update on the 9th January 2020.
$67.85
PMO Pushes Back!
https://www.cityam.com/premier-oil-under-pressure-from-lenders-over-asset-sale/
Premier notes today’s media speculation that a certain group of its lenders are demanding the further disposal of assets. This is factually incorrect and misleading. Premier continues to expect to conclude refinancing discussions in Q1 2020.
Surfit.
Totally agree.
The only way to cut through this is to get the financial press to investigate fully.
https://www.telegraph.co.uk/business/2019/12/14/lenders-plot-break-up-premier-oil-loans-loom/
Extremely sparse information on ARCM website.
Any thoughts on this RNS??
When I was in the civil service they were called standard letters.
Just add the address,whether Sir or Madam and the date.
Shareholders & Investors should consult these figures on a regular basis.
Shorts as at 11.12.19 20.46%
ACRM 16.85%
This post gets to the nub of the matter.
Investors make the decision to buy and sell shares, without all the knowledge and information, to make a measured decision withheld from them.
They are however wary of the press.
They know they can bring about the termination of their comfortable career.