Member Info for matcur

Thanks for that Steveo. Sadly I have to take the money out on April 1st so I will need to take the loss. Hoping it doesn't open any lower than 26 or i am in trouble.

If what you say is accurate Stevo what do you see the price being at open on the 1st. I have a substantial amount that I stupidly bought at 32p. I know I won't get that back then but was hoping to get out close to it

Sadly yet another day down and not a single short sold it would seem. 10 solid days red and around 25% down. Wish this nightmare would end.

Is the market suspension still on the 26th

At its rate of decline it will be 20p by April 1st

Bottom line is that you get one for one shares in the enlarged company so you either believe the company is worth 3 billion estimate from the prospectus when oil was at $44 or you believe it is now at 5 billion with oil above $60. Everyone has their own calculations to do on what they believe the value to be. I've a 32p average i hope to break even short term but can't personally see that being upon opening day but by year end i do see it nearing 40p

Dear Mr Currie



Apologies for the delay in getting back to you.



The number of shares you own does not change; you will continue to own the same number of Premier shares post completion. So if you have 900,000 Premier shares today then you will have 900,000 Harbour Energy shares on completion. Premier is retaining its listing and is issuing shares to Chrysaor’s shareholders and also to Premier’s creditors. As a result, on completion, Premier’s shareholders will own between 5-5.45% of the Combined Group which will be significantly bigger (>200,000 boepd with a reserve and resource base in excess of 1.7bn boe) and have a materially stronger balance sheet than Premier today.



The value of your shares will depend upon the future market valuation of Harbour Energy although it is not unreasonable to assume that Premier's share price today reflects the value that the market is attributing to Premier’s 5-5.45% stake in Harbour Energy.



Kind regards

Elizabeth

One thing I would like to know is why every analysis keeps valuing the new company at 5 billion dollars. Should this not be in pounds. Everyone is doing the exact same thing with the valuation for some reason.
I also still cannot find out if the 23 million shares sold after market and the 6 million sold were shorts being closed out.

Does anyone happen to know if the large shares after market being sold were shorts closing out. One for 23 million and another for 6 million