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IS - Premier’s expansion plan has many moving parts, namely funding - March 2020
Premier Oil’s initial analysis of the new oil price landscape may result in the company trimming at least $100 million from its 2020 capex program. But it has bigger concerns. The company was planning to close two North Sea purchases from BP and Dana Petroleum for $871 million and finish up a $2.9 billion debt refinancing by pushing nearing credit facility maturities to 2023. However, combined shareholder/lender Asia Research and Capital Management, which wasn’t......
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