What a chart, further to go, or not
Comments please

Up 3% on the RKH farm-in news. All seems very muted considering the hype that preceeded the news!

PREMIER OIL plc -Sail away of the FPSO Voyageur Spirit
1st October 2012
As announced by Sevan Marine ASA earlier today, Premier is pleased to note that the tow of the FPSO Voyageur Spirit from the Nymo upgrade yard at Eydehavn, Arendal to the Huntington field in the UK North Sea has commenced. The Voyageur Spirit let go of the moorings at 07:50 hrs on Sunday 30 September and is estimated to arrive at the Huntington field on Thursday 4 October.
The Huntington partners are E.ON E&P (operator, 25%), Premier (40%), Noreco (20%) and Carrizo (15%).

cynic are you still in, todays news of a new license award in the outer Moray Firth (PMP 50% Ithaca 50%) close to the Athena field discovery is encouraging.

yes i am indeed .... it's one of my long(er) term holds together with AFR and (usually!) TLW

we have bought in as it is a cheap way to get into the sealion story, as well as the prospect of PMO paying a dividend in 2013.

i'm not fussed about the divi, but agree re sealion, and of course pmo has a pretty good portfolio anyway, which perhaps makes it a t/o possibility at some time (unimportant)

Could be a bit more of a drop yet imo
">.,.

nice rise in sp today.

Nomura lifts Premier Oil to buy from reduce, target price cut from 500p to 476p.

anyone in the know re sharp rise?

operations and trading update this thursday 17th

StockMarketWire.com
Premier Oil said an exploration well in the Luno II prospect in PL 359 has resulted in a potentially significant oil discovery and will now be tested to obtain flow rate information.

Premier said it was commenting after a press release by Lundin Petroleum AB, the operator of the exploration well 16/4-6S on the Luno II prospect. Premier holds a 30% equity stake.

The well was drilled in water depth of 101 metres.

The well encountered a significant gross reservoir section of close to 200 metres with a gross oil column in excess of 40 metres. The oil water contact was encountered at approximately 1,950 metres below mean sea level.

Information gained so far indicates that the petroleum system in Luno II is different to that of the nearby Edvard Grieg and Johan Sverdrup fields. A comprehensive coring and logging program has been performed and the discovery will now be drill stem tested.

that's why i bought back in this morning :-)

StockMarketWire.com
Premier said the Bonneville exploration well (28/9a-6) and its side track (28/9a-6z) have discovered oil, while the Matang-1 exploration well in Indonesia has discovered gas and will now be tested.

"The estimated oil in place from the Bonneville discoveries is approximately 30 million barrels which is in line with pre-drill predictions," the company said.

The Bonneville prospect is located 4km south of the Burgman discovery on the Catcher licence in the UK Central North Sea.

"The Bonneville discoveries are in excellent quality reservoirs with average porosities of approximately 30 per cent. Initial sampling indicates that the API of the oils in Bonneville is of similar quality to that established at the nearby Burgman discovery which was 25 degrees API," the company said.

Premier Oil also said The Matang-1 well, which is on Block A Aceh (Premier 41.67% equity), had found gas and would be tested.

The Matang-1 well, which has been drilled to a depth of 7,893 feet true vertical depth, penetrated a gross gas column in the Upper Bampo Limestone formation (the primary reservoir target) of at least 90 feet. The base of the gas column has not been encountered.

The company also said that testing of the Luno II discovery (Premier 30%equity) in Norway had started and results were expected before the end of the month.

Premier Oil plc 5% 2020 Bond

sp down to 300p, buying opportunity?

Production Update

RBC Capital Markets Outperform 312.50 - 520.00 Retains

Finncap Buy 312.50 420.00 420.00 Retains

Update - Expected Issue Size Relating to the Bonds

indicated price above of 334 is clearly an anomaly (nonsense!) ...... expect sp to open ~311 which is where it truly closed last night

EARLY CLOSURE OF THE OFFER PERIOD

PREMIER OIL PLC
5% STERLING BONDS DUE 2020 (THE "BONDS")


On 25 November 2013, Premier Oil plc ("Premier") announced and launched an offer of the Bonds, available to wholesale and retail investors. This announcement confirms that the Offer Period will close at 12 noon (London time) today (the "End of Offer Date"), such date and time being earlier than the scheduled end to the Offer Period which was at 12 noon (London time) on 6 December 2013.

Premier will release its announcement constituting the Final Terms Confirmation Announcement as referred to in the Final Terms relating to the Bonds dated 25 November 2013 at a time and a date shortly after the End of Offer Date.

Defined terms used herein shall have the meanings attributed to them in the Prospectus dated 18 November 2013 and/or the Final Terms dated 25 November 2013 relating to the Bonds

-Ends-