I initially invested 1k in premier oil and I have already lost half of it. I have only just read that PMO will be taken over by a private company next year. It says something about current share holders will be left with just 5%. Does anyone know what this means? I am panicking because I am new to this and want to know whether I am likely to make the money back that I lost or whether I will loose more and should sell my shares now.
