Share Name Share Symbol Market Type Share ISIN Share Description
Premier Oil LSE:PMO London Ordinary Share GB00B43G0577 ORD 12.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.50p +1.32% 115.20p 115.30p 115.50p 115.70p 113.00p 113.00p 3,904,754 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 772.3 -271.2 -36.6 - 894.91

Premier Oil Share Discussion Threads

Showing 40601 to 40621 of 40625 messages
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DateSubjectAuthorDiscuss
19/8/2018
19:22
PMO has already updated on approval of Tolmount. From TU :"Tolmount project Board approved; formal partner approval expected Q3" Its more color on development progress that will be provided with results along with final project FID.
rationaleee
19/8/2018
18:43
TD said in an interview (link on here a week or so ago) that he'd be updating on Tolmount in August so fair to assume it'll be with the update. Apparently (from the interview) its contract signing. ratinoleee the link was yours: https://www.youtube.com/watch?v=fPxcHxxz8XM
fireplace22
19/8/2018
18:29
Steve - Don't pay heed to its business reporting, its turning into DM quality journalism, and good that 3rd grade journalism hides behind paywall... On a side note, how does ST know that Tolmount is getting the go ahead tomorrow? PMO board has already approved its development, its only the wider JV go ahead that's remaining? Go-ahead for Premier field Premier Oil will announce tomorrow that it is pressing ahead with the development of its Tolmount Main gas field in the North Sea — one of a host of offshore projects being revived in the wake of the recovery in the oil price. The FTSE 250 company bought its share in the field from rival Eon in 2016, just as the oil price tumbled. The Tolmount field was scheduled to start production next year. Premier now says the first gas will come ashore at Centrica’s Easington terminal on the Yorkshire coast in late 2020. hTTps://www.thetimes.co.uk/edition/business/will-smith-taps-into-water-market-r3cm7qktw
rationaleee
19/8/2018
18:03
STARVING take the Tablets you idiot ?
emilio
19/8/2018
17:45
Agree fully! Share price manipulation? FSA? CEO? Lizzy Lips? All with the blessing of jabba for his puppet masters.
marvin9
19/8/2018
17:16
Comes out just before an update more corruption going on here as per usual drive the price down before news get the lawyers in
asa8
19/8/2018
16:58
Exactly, its just regurgitating what's already known but with Daily Fail sensationalist twist. Regarding the licence, the FIG need the project to go ahead asap as much as RKH/PMO, any problems and an then it would simply be an extension of time, it would not be in FIG interest to withdraw from the licence delaying the project many further years.
jay111r
19/8/2018
15:21
The weekend article serves no purpose whatsoever as "NEWS" everything mentioned is already known. Pointless reporting unless the author has an agenda.
jelenko
19/8/2018
11:56
Wasn't the pathfinder bank only appointed 6 weeks ago?
duckdown
19/8/2018
10:49
Not sure if it was this one.. but doesn't seem so bad with the benefit of hindsight. htTps://www.telegraph.co.uk/business/2017/03/09/premier-oil-says-back-business-despite-bondholder-glitch/
steve73
19/8/2018
03:04
Thanks all (mostly), Wasn't it the DT that "leaked" some false "news" just prior to the refinancing deal being approved - maybe around the time of the setting the CB re-pricing...? Later turned out to be utter tripe, but it had a signigificant effect depressing the SP, IIRC. Maybe the CB "Shysters" are looking to offer some funding for SL, and want to depress the price again......
steve73
18/8/2018
21:05
Don't expect too many serious investors look to the DT's 'economics' editor for advice.
cumnor
18/8/2018
20:42
They couldnt have put a more negative slant on that article if they tried, but I think the DT have form for this
nav_mike
18/8/2018
20:41
Its been a while since I read such a blatantly biased piece of journalism... "debt wracked" "net debt over $2.5bn in its interim results this week" (as everyone already knows) "years of delay due to political tensions" (erm what about the oil market slump" Anyone would think they have links to shorters....how about the positives the company has achieved... https://www.telegraph.co.uk/business/2018/08/18/premier-oil-makes-slow-progress-funds-falklands-project/ Time is running out for Premier Oil’s plan to find the funds it needs to drill for oil in the disputed waters around the Falkland Islands. The debt-wracked oil company has hired Standard Chartered to pull together a syndicate of banks to fund its hunt for more than 500m barrels of oil by the end of the year. But City sources have warned that Premier’s slow progress means the beleaguered project is unlikely to meet a pressing financial deadline. The Sea Lion project is a crucial source of future income for both Premier and the Falkland Islands government, which has given the firm until 2020 under its current production ­licence. Premier, led by chief executive Tony Durrant, is expected to reveal net debt of over $2.5bn in its interim results this week. The London-based oil company and its partner Rockhopper will make a final investment decision on Sea Lion only once its funding is in place after years of delay due to political tensions. “There is a mutual understanding between Premier, the government and Rockhopper that they would have to have something in place by year-end,” said Alejandro Demichelis, of Hannam and Partners. “We understand they are making progress, but slow progress. The UK Export Finance agency is prepared to offer some financing to the project but not all of what is needed. They could find a solution but I doubt it will be by year-end,” he added. Premier has begun work securing contracts for the project ahead of the final funding deal to speed its progress once the funding is in place but the debt-hit oil firm will still need a hefty boost from lenders to begin drilling. James Hosie of Barclays said: “Third-party funding solutions are key to moving pre-development assets forward during 2018”. The investment bank snipped its share price target for the oil company from 170p to 165p a share. It also warned that the firm’s market value remains highly sensitive to dips in oil market price forecasts. The project has suffered repeated delays since Premier picked up its stake in the oil discovery in 2012, in part due to political tensions between the UK and the previous Argentinian regime over the British overseas territory. Mr Demichelis said: “Any bank with operations in Argentina feared that there could be repercussions for their relationships in Argentina and the rest of South America. With that out of the way things are more open.”
nav_mike
18/8/2018
20:24
It's posted on the RKH thread but I can't copy and post within the app
oilretire
18/8/2018
20:20
Anyone got access to the full article?? I bet the headline is a bit more sensational than reality......
oilretire
18/8/2018
19:30
https://www.telegraph.co.uk/business/2018/08/18/premier-oil-makes-slow-progress-funds-falklands-project/
dr biotech
18/8/2018
12:26
+ most if not all broker targets are north of 150p, and write ups like Motley Fool are all very positive....and considering she's working off a fwd per of just 5.....could easily double and still not be expensive...bring on Tolmount
deanroberthunt
18/8/2018
12:06
Generally the cost of hedging at a minimum price will be far higher than at a fixed cost, due to the additional derivatives necessary.... About 20 years ago I was responsible for refinery operations planning, and worked closely with the crude & product traders. If my memory still serves me, at that time the total hedging costs were perhaps as much as 5-10% for a minimum price cf. 2-3% for a fixed hedge, although obviously at much lower prices (c. $25 crude). IIRC, some of PMO's oil is hedged at a minimum price, and some at a fixed price. I recall the ops updates usually give some details. eg. This from the 11th Jan Update.... "Premier has taken advantage of the recent improvement in the commodity prices to increase its oil price hedges in 2018 through a combination of both fixed price term sales and options that provide a floor price but allow continuing exposure to increasing commodity prices."
steve73
18/8/2018
12:04
this is the bounce to a new high, like the rise from 67p....all the indicators are at the bottom....macd, rsi, poo....bounce off the 100 sma....fill your boots...expect 150p+ by end October
deanroberthunt
18/8/2018
11:59
STARVING here you are you little F::KA
emilio
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