RE:Premier Oil shares suspended ahead of possible M&A news premier bough the central north sea ssets of a german utility company, it will add about 15,000 boed to their 2016 production.
https://www.bbc.com/news/uk-scotland-scotland-business-35301162 hey Kensho, the only reasons they were able to pay down some debt was they sold the norwegian assts, they monetized some of the hedges, and the delek investment. if it wasn't for those 3 their debt would be creeping waaaay up.
if delek wasn't in the picture the banks would keep iae afloat as long as reasonably possible but with delek in the picture they have another option which i think they will use and believe is the only reason delek is there, we shall see.
their hedges are smaller and shrinking as they monetize them, looks they they may have monetized some of the ngas puts , which are a fair part of the 48% non oil part of the hedge to june 2017.
wheres Naka, did he get knackered by iae share price,lol. he was all over this board bragging about his great trade and buying the bottom, lmao. he's probably in the back of crows pickup buried in cack like the crow.
cheers ferret