We report on the analysis of a ~60 ksec XMM observation of the bright, narrow
emission line quasar PG 1211+143. Absorption lines are seen in both EPIC and
RGS spectra corresponding to H- and He-like ions of Fe, S, Mg, Ne, O, N and C.
The observed line energies indicate an ionised outflow velocity of ~24000 km
s^-1. The highest energy lines require a column density of N_H ~ 5 x 10^23
cm^-2, at an ionisation parameter of log(xi) ~ 3.4. If the origin of this high
velocity outflow lies in matter being driven from the inner disc, then the flow
is likely to be optically thick within a radius ~130 Schwarzschild radii,
providing a natural explanation for the Big Blue Bump (and strong soft X-ray)
emission in PG 1211+143.Comment: Accepted by MNRAS; Table 1 correcte