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Falklands' oil industry developer Premier CEO steps down

Wednesday, February 5th 2014 - 08:21 UTC
Full article 21 comments

Shares in UK's Premier Oil, which has interests in developing Falkland Islands oil, soared almost 9% on Tuesday despite news that its chief executive is to step down after nine years at the helm. Simon Lockett will leave his position and the board of Premier once a successor has been appointed. Read full article


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  • Anglotino

    Successful guy!

    Hope his next company is as successful as Premier Oil.

    Feb 05th, 2014 - 10:07 am - Link - Report abuse 0
  • Islas Malvinas

    Another step down? Another one that does not want to go to jail?

    Feb 05th, 2014 - 01:20 pm - Link - Report abuse 0
  • golfcronie

    At least you have a sense of humour.

    Feb 05th, 2014 - 01:25 pm - Link - Report abuse 0
  • Islas Malvinas

    I have sense of humor, but British ilegal exploitation of Argentine resourses in the South Atlantic has no Rockhopper Finance Director and no Premier CEO after warnings from Argentina. Nevermind big oil Companies. Only small British Companies would engage with ilegal British activities.

    Feb 05th, 2014 - 01:34 pm - Link - Report abuse 0
  • Escoses Doido

    PMSL at your delusional post.

    Feb 05th, 2014 - 02:27 pm - Link - Report abuse 0
  • Conqueror

    @4 Silly little child. Can't even spell. Just watch that continuing exploration, the continuing preparations, the Falklands resources already being pumped to the surface. Not enough for commercial use yet, but it won't be long. Meanwhile, hopeless argieland is still running around the world trying to find someone stupid enough to help it. But let me help you understand. At the end of an armed conflict, a little international legal principle known as “uti possidetis” comes into play. What that says is that territory in the possession of one of the parties thereafter belongs to the possessor. Let's take July 1982. Who “possessed” the Falkland Islands, South Georgia and the South Sandwich Islands. Here are some clues. GB. UK. Get the picture? Those islands, together with at least 250 miles of surrounding maritime spaces, belong to Britain. That is to say, the United Kingdom of Great Britain and Northern Ireland. In time, with independence, islands will belong to local people. And Britain will always be happy to come to the assistance of those people. You need to get rid of your imperialist colonialism. Otherwise we might have to come and spank you again.

    Feb 05th, 2014 - 02:32 pm - Link - Report abuse 0
  • paulcedron

    and what´s that?
    it is not even between the top 250 energy companies.
    even ypf # 89 is a lot more important
    and you trust your best treasure to that 5th class company?

    Feb 05th, 2014 - 03:52 pm - Link - Report abuse 0
  • ChrisR

    @ 7 a cold prune aka the concrete barrow man

    You really are at the bottom of the pile in La Camping-It-Up aren’t you?

    If they are such a bunch of dummies why did the share price rise 140% and outperform the FTSEUR250?

    Remind us how “well” The Dark Country is doing in only a few months. The term you are looking for is “crash and burn”.

    We don’t laugh at your antics, we pity them because YOU are pitiful.

    Feb 05th, 2014 - 04:47 pm - Link - Report abuse 0
  • golfcronie

    If you think that Simon Lockett has resigned because of Argentinas decree then you are sadly mistaken. The major shareholder (Schroders) disagree on the way the company is heading.( they want to profit from it being sold ) They hold 7.2% of the shares ,so obviously have a great deal to say.

    Feb 05th, 2014 - 05:30 pm - Link - Report abuse 0
  • paulcedron

    chrisr, i know the area of your interest is cleaning toilets, but anyway, you should know the share price increase does not reflect necessarily the productivity of the company.
    it has a lot to do with speculation.
    now, go back to your job, lazy isleño.

    Feb 05th, 2014 - 05:45 pm - Link - Report abuse 0
  • ChrisR

    @ 10

    The share price does not reflect “productivity” per se.

    It reflects the market as a whole and how well the company has been run over the period: you know (OK, I know YOU probably don't know so I am explaining it) the strategy it has has employed that has led it to be so successful when compared to its’ peers.

    But as you have no money and never WILL have any money for investment, I wouldn’t worry about it.

    Feb 05th, 2014 - 06:37 pm - Link - Report abuse 0
  • paulcedron

    barrow men are very well paid.
    a lot better than toilet cleaners.

    but probably you are right in not being concerned about the little oil company.
    in the end, you only have a pair of barrels 5000 meters below the bottom of the sea, so who cares.

    Feb 05th, 2014 - 06:52 pm - Link - Report abuse 0
  • Pete Bog


    What's the exact number of Premier Oil employees to date that have either:

    Been served with extradition orders to Argentina?

    Been arrested by Argentina?

    Put in jail by Argentina?

    Or are your people planning an Entebbe style raid to snatch them?

    Feb 05th, 2014 - 08:24 pm - Link - Report abuse 0
  • golfcronie

    Remind me again, “ when was it that Cristina was going to sue the oil companies?” I honestly cannot remember but I am sure it must be a couple of years.

    Feb 05th, 2014 - 08:37 pm - Link - Report abuse 0
  • ck177

    are the islanders collecting funds to buy a CT-Scanner?

    Feb 05th, 2014 - 09:30 pm - Link - Report abuse 0
  • Joe Bloggs

    15 Sussie why do you keep changing names? Think and Toby are not good mentors.

    Feb 06th, 2014 - 12:22 am - Link - Report abuse 0
  • Marcos Alejandro

    1 Anglolatino
    “Successful guy!
    Hope his next company is as successful as Premier Oil”

    So successful that Premier's share price lost 33 percent since last May

    Brit comment
    “Today’s news re Premiers CEO and the markets reaction confirmed what we all knew but probably didn’t want to admit; there is little or no interest/trust/faith in the FI”

    Feb 06th, 2014 - 03:40 am - Link - Report abuse 0
  • Anglotino

    Since last May you say!

    OMG I'm so glad shares are short term investments..... hang on a minute......

    Marcos it's clearly obvious you don't own shares. But if you do, for your sake I hope they aren't in YPF.

    YFP close 03/02/14 $21.85
    Close 23/12/14 $34.17

    36% drop in just 42 DAYS.

    They didn't need 9 months to do it.

    And what ever happened to this:
    High 05/01/11 $54.58

    Well I guess it isn't the $9.57 that it got to on 16/11/12.

    So YPF is currently on 42% of its high. Who is to blame for that?

    While Premier Oil is currently at 54% of its high.

    It's alright. I don't expect you back on this thread.

    Feb 06th, 2014 - 05:02 am - Link - Report abuse 0
  • Falkland Islands

    now the oil is there, you lot including Marcos can keep kidding yourselves while we continue to extract oil and make the Falklands economy boooooom!

    Feb 07th, 2014 - 12:26 am - Link - Report abuse 0
  • Pete Bog


    “are the islanders collecting funds to buy a CT-Scanner?”

    As their health is so good that they don't need one, probably not.

    I take it Argentina has 40 million CT scanners?

    Feb 09th, 2014 - 06:59 pm - Link - Report abuse 0
  • ChrisR

    @ 20 Pete Bog

    “I take it Argentina has 40 million CT scanners?”

    Well they could have but none of them would work.

    Ha, ha, ha.

    Feb 09th, 2014 - 09:23 pm - Link - Report abuse 0

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