Falklands involved oil company expects to raise £100 million in bond offer

Friday, November 29th 2013 - 22:06 UTC

Full article 7 comments

Premier Oil expects to raise at least £100 million in a bond offer scheduled to close on 6 December. The FTSE 250 oil and gas company, with interests in the Falkland Islands, the North Sea, and South-East Asia, said its 5% sterling bonds auction has already built a book value of at least £100 million. Read full article

Comments

Disclaimer & comment rules

brasherboot
He doesnt seem bothered by his 15 years in jail then?
Nov 29th, 2013 - 10:12 pm - Link - Report abuse 0
-+
Marcos Alejandro
Oct 2013

”The company(PMO) is developing a bit of a reputation for missing targets and if history is a guide to future performance further bumps in the road should be expected,” analysts at brokerage Mirabaud said.
Nov 29th, 2013 - 10:38 pm - Link - Report abuse 0
-+
Lord Ton
Out of date an usual marvin :-)

Nov. 28 - ”In Vietnam, repairs to the Chim Sáo gas export pipeline have been completed and gas export recommenced on 23 November. Oil production is returning to planned levels as a result. In the UK, restrictions to the Huntington field continue to be lifted with oil production rates now increased to 20 kbopd (gross). We expect full production rates to return as remaining restrictions are removed. Premier’s production guidance for 2013 remains unchanged. ”

Everything back on target. Be interesting to see how they do with the bond sale - The Times though their interest rate a little light at 5%.
Nov 29th, 2013 - 10:47 pm - Link - Report abuse 0
-+
golfcronie
@2
Tell us again how YPF and Argentinian oil companies are doing? Just watch this space in a years time, drilling in FALKLANDS in 2014/5, never mind the law. Premier Oil had advice from Argentinas top lawyers and they said “ Go ahead, as noone takes any notice of the laws in Argentina ”
Nov 30th, 2013 - 07:50 am - Link - Report abuse 0
-+
lsolde
Put me down for a few(?)thousand bonds, please, Premier Oil.
Got any spare money, Think?
Here's your chance to become a rich man.
A man like you would have the odd few thousand pounds lying around the house.!
Nov 30th, 2013 - 10:06 am - Link - Report abuse 0
-+
reality check
I hate to disagree with you Isolde, but he is more likely to have the odd few thousand Kroner hanging around. Now if you had said that about Marcos ( Mike the Brit) Alejandro, you would have been spot on.

How's things down South?
Nov 30th, 2013 - 01:22 pm - Link - Report abuse 0
-+
lsolde
Cool winds ablowing.
Dec 01st, 2013 - 11:22 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!