http://www.energy-pedia.com/article.aspx?articleid=143019&editionid=100542
Much better formatted copy of yesterdays interims so I've posted it here .
Particularly the expo /appraisal program....
.gif)
UBS upgrade - looks a tad frothy to me at 2200p.
DJ MARKET TALK: UBS Increases Premier Oil Price Target
0926 GMT [Dow Jones] UBS increases Premier Oil (PMO.LN) price target to 2200p from 1845p, and keeps at buy. Reiterates its bullish view after a meeting with management.
Says with $1B in cash and undrawn facilities, Premier is in a strong position to take advantage of potential acquisitions. Says Premier is looking at smaller companies which may not have the financing for development, and may consequently become an interesting takeover target.
Thinks it is looking closely at North Sea assets/companies. Adds high-impact exploration is imminent. Shares +0.7% at 1852p.
I notice PMO was mentioned on Monday in FT Alphaville as a possible bidder for Encore - not exactly new and not exactly likely in the short term unless it was daft money I'd have thought.
[Im still thinking VPP looks mispriced post Viola and might be a good target for them]
