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Big mistake in my mind was Pmo paying off Arcm, slap in the face for the more loyal creditors added to them trying to force the Bp deal through on them. Td lost focus trying to grow the business when he should have put 100% into the refinance and winning them over.

Totally agree,robbing Peter to pay Paul, it was a big up yours to everyone Other than ARCM. Other creditors are not going to continue being cooperative when they are letting ARCM run the show.

Agree MRD, they are probably more than confident of the equity in the new co will cover any short fall aswell. Watch it double once it’s passed

So the worry around the sp now I’m guessing is if the creditors agree to take some equity I’m the new co as payment? I’m assuming this would have already been put to them and ironed out though. I hope.

Mind *

That being said, I don’t think we really get a choice in these votes so I’ve focused my mined on the chrysaor deal and try see the positives In that.

Broke stocker I 100% agree with you mate, I think we all do. As we understood it we were treading water well and surging like every other oiler at the minute, like you said next minute TD throws the towel in. I agree he has to be held accountable he has managed this disastrously but it looks like creditors turned on us? It does seem odd because we are approaching a real tipping point in the company’s future, if we survived this we would be in a very strong position (as stated by the bod) almost debt free in 4 years with $50 oil.

Wow, you really are another level of sad. You actually sit on this all day intentionally winding people up. Like I said, I feel sorry for you.

Again, thanks for the unnecessary reply.

And a producing zama would send us well clear of 300k boepd day. I am softening to this deal, 10% would be better but at least in my mind I can justify sitting tight for a couple of years as this deal stands.

Premier’s non-North Sea assets are “one of the attractions for us”, confirms Cook. And that includes “lik[ing]” a stake in the Zama discovery in Mexico which Premier had previously had up for sale, suggesting it will now be retained. With Kirk running Europe, “this might not be the last deal we will see to bolster the international portfolio” under Cook, the analyst suggests

I suppose that is another way of looking at it, chysaor backers are not afraid to flash the cash so when they grow, now so will we.

Had any reply’s from pmo yet?

Shaf 5

https://www.investorschronicle.co.uk/shares/2020/10/06/debt-laden-premier-oil-hoovered-up-by-chrysaor/

It was this link mate

I just feel like this deal is far from done yet, I may be wrong but I will be holding out regardless. That 5.45% leaves potential at getting my average of 35p back.

Today 21:29
"Asia Research and Capital Management " on that subject we know they were paid, via those discounted shares, to manage their short position and support the PMO plan. What they did as part of the Creditor Comittee is specualtion as far I can tell - I haven't seen anything that suggest they didn't support the PMO plan, in fact them trying to unload their debt suggest to me they did support.

I don’t get how making the company issue more shares to cover their own short is showing much support for the company?

The creditors, including the holder of a major short position – Asia Research and Capital Management – will have to give their support to the reverse takeover, which is also subject to regulatory approval. Premier is also asking creditors to support a court move designed to further extend debt covenants, from May 2021 to March 2022, for which it has received 43 per cent backing thus far.

So with creditors still yet to approve this deal and the BP deal now dropped, what’s to say the creditors won’t reject this offer themselves?

It certainly was Devon, and that still stands. No interest in them,as I said I think I am well out of my depth and it doesn’t hurt my ego one bit to admit it. I have a construction business because I’m a stone mason in the beautiful Yorkshire dales,Richmond to be precise. I am a very outdoors kind of guy anyway and sitting watching these things all day isn’t for me so that will become my main focus again.

I wish you well, just stop winding people up with constant jibes about their loss’s and then complaining about the abuse.

Do chysaor have around 800$ in cash aswell did I hear someone say?

But I will report him is he does it again to the site and if they don't deal with it, I'll escelate through the regulators. I worked in the City, and with the City, for 2 decades. He's a pussy cat compared to what that was like back in the day. I would encourage you too do the same if you experience similar abuse.

Yeah, hereshopin , don’t you dare say anything again otherwise you will be reported!! Big dev and the city boys will have you sorted right out! Hahaha Jesus I’m genuinely giggling to myself ready this 5hit. Bless ya Devon

Nice one DBNO, I’ve got my days mixed up for them

API?