The Day the Music Died23 Sep 2021 13:40
I am sorry to say that Premier Oil destroyed the Falklands dream. They never had the cash to develop the field and now they are gone. It was a terrible deal from the start and Stu255 called it a sell at £3.20 when the deal was done. He was right.
Whether there ever was a better deal, who knows....but this one killed Rockhopper and sadly many folks investments.
There is no poison pill to stop RKH being bought for cash if someone wants to develop the field its now 1/500th of the market cap it was when PMO bought in and owns more asset, more licences and more discoveries.