Harbour Energy Share Discussion Threads

[begorrah88] 25/4/2017 16:01

.....and we'll be ending the day red FFS!

[begorrah88] 25/4/2017 15:16

....giving it all back.

Another disappointing day in a run of very disappointing days as a PMO investor

[begorrah88] 25/4/2017 12:43

Relentless automated selling today which surprised me a bit but looks pre-programmed regardless of the RNS.

I do hope we don't just give back any gains

[ua36] 25/4/2017 11:49

Excellent news re. CBH locking up (Pyrrho, hehe, bad luck).

Oil price holds up and the thing I'm not harping on about not coming to pass (and Catcher on time!) then should be good I'd think.

[leoneobull] 25/4/2017 11:17

American idiot. Appropriate name with a qn of that nature!

[eastender boy] 25/4/2017 10:32

shorts are closing out .
systematica reducing another 0.1%
6.69% to go..

[american idiot] 25/4/2017 09:32

Is there an expected RI or OO expected here ?

[bakedbean57] 25/4/2017 08:51

Just a .75 spread you absolute charlatans

[bakedbean57] 25/4/2017 08:44

A few rumbles.

[anony mous] 25/4/2017 08:37

Knock knock HelloHas the market woke up yet?

[deanroberthunt] 25/4/2017 08:19

yes Tracy, still at dealing with facts not hope, and using logic instead of emotion

[sirmark] 25/4/2017 08:15

Good new today and RKH having a good start so looking for a 3/5% rise here and 10/15% on RKHShould be a good day

[tracy_moore] 25/4/2017 07:28

Isaac, tut tut is he STILL at it ?.

[leoneobull] 25/4/2017 07:23

Dean - just in case any trouble finding/ reading here is the RNS:

25 April 2017

Premier today announces that holders representing more than 75% by value of its $245m convertible bonds have now entered into the lock up agreement committing them to vote in favour of the proposed refinancing on the terms of that lock up agreement. This is a sufficient majority to pass the required resolution to implement the amended terms of the convertible bonds.

As previously notified, the amendments to the terms of the RCF, term loan, USPP and retail bonds (the Scheme Creditors) are proposed to be effected through a Scottish scheme of arrangement of each of Premier and Premier Oil UK Limited (the Schemes). The Schemes are a company led process overseen by the Scottish Court designed to enable companies to implement changes to their financing structure and documentation where the diversity of creditor groups means it may not otherwise be practical to do so. The documentation required to commence the Schemes is significantly advanced and Premier expects to launch the processes shortly. The Schemes require the approval of the majority in number and 75% in value of Scheme Creditors present and voting prior to final sanction by the Scottish Court. As previously announced, the requisite majority by value of the Scheme Creditors has already been achieved via lock up agreements, committing the locked up parties to vote in favour of the amended terms on the terms of the relevant lock up agreements.

Documentation required for the shareholder approval process and to implement the proposed amendments to the terms of the Schuldschein notes (which all Schuldschein holders are already committed to approve on the terms of their lock up agreement) is also significantly advanced. These processes will be launched in parallel with the Schemes and the convertible bondholder amendment process.


Enquiries
Premier Oil plc Tel: [phone]
Tony Durrant, Chief
Executive
Richard Rose, Finance
Director
Bell Pottinger Tel: [phone]
Lorna Cobbett
Henry Lerwill

This information is provided by RNS

[leoneobull] 25/4/2017 07:20

Great news for our wealth. Great news in shutting up the two twins of gloom and doom.

I see great things ahead post-refinancing....we should over time see a proper mid-cap valuation!! Gradual move towards 3X EBITDA here will have stratospheric impact on share price since most of EV is in the debt presently. Well done everybody who kept the faith

[davidlloyd] 25/4/2017 07:13

Good indeed
DL

[mpclag] 25/4/2017 07:10

boombastic

[begorrah88] 25/4/2017 07:09

RNS out CBH lock in sorted

Good news

[leoneobull] 24/4/2017 17:38

Shaftesbury himself lol

[leoneobull] 24/4/2017 17:38

TD owns 16m shares. He isn't going to shift himself when he could be worth £32m in 12 months

[deanroberthunt] 24/4/2017 16:26

who did they think they were, XOM or BP. ffs!

[deanroberthunt] 24/4/2017 16:26

the sharebuyback was also one of the most ill-informed decisions, ever....

[frightened city] 24/4/2017 16:10

Maybe the refinancers have figured out that cash flow disaster awaits if there is another fiasco like Solan.

And why would they believe Catcher, Tolmount and Sea lion will be any better?

It needs at least a knowledgeable chairman, a responsible board and the skills to deliver.

Are they there?