PMO reaches deal

[wanderer101]

https://www.voxmarkets.co.uk/rns/announ ... 72b35f034/
(NB Vox is an alternative RNS source to the 'upgraded' and now unusable londonstockexchange site or the formerly reliable but now irredeemably slow Investegate)

Looks very positive for Premier Oil: price and abandonment costs for BP acquisitions reduced, ARCM drop court case in exchange for small-discount issue of shares amounting to 9 percent of equity, which they will use to reduce their short position (and they've agreed not to add to it).

Disclosure: long term holder, topped up in recent carnage, recovering but still underwater.