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United Kingdom

Premier Oil PLC (PMO.L)

PMO.L on London Stock Exchange

124.00GBp
1:26pm BST
Change (% chg)

0.60 (+0.49%)
Prev Close
123.40
Open
123.50
Day's High
125.60
Day's Low
121.70
Volume
2,761,389
Avg. Vol
9,965,496
52-wk High
135.25
52-wk Low
60.75

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Thu, Aug 23 2018

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Britain's Premier Oil to lift peak output at Catcher field

LONDON Premier Oil is set to raise stable peak production at its Catcher field in Britain's North Sea by as much as 17 percent to 70,000 barrels of oil equivalent per day this year, after output reached that level this summer, it said on Thursday.

UPDATE 1-Britain's Premier Oil to lift peak output at Catcher field

* Keeps FY output, debt reduction targets (Releads on Catcher, adds details, share price up)

Britain's Premier Oil net profit doubles to $98.4 mln in H1

LONDON, Aug 23 Premier Oil's profit after tax more than doubled in the first half of 2018 to $98.4 million helped by higher oil prices, it said on Thursday, reiterating that it expected output to reach 80,000-85,000 barrels of oil equivalent per day this year.

As debt shrinks, Premier Oil looks to growth

LONDON As Premier Oil makes progress on shrinking its debt pile, it is turning its attention to growth from its UK Tolmount gas field and by looking at buying existing production in the North Sea.

UPDATE 2-As debt shrinks, Premier Oil looks to growth

* Drilling of 1st Mexico well expected in Q4 (Adds CEO comments)

Premier Oil approves Tolmount gas project

LONDON, July 12 Premier Oil's board has approved its Tolmount gas project in the UK North Sea ahead of a final investment decision in the third quarter and the company also expects to start drilling on a first well in Mexico in the fourth quarter, it said on Thursday.

BRIEF-Premier Oil says debt can fall below $2 bln by end 2019

* PREMIER OIL CEO EXPECTS TOLMOUNT FINAL INVESTMENT DECISION (FID) IN Q3 THIS YEAR, FALKLANDS SEA LION FID MIGHT NOT HAPPEN THIS YEAR

UPDATE 1-Premier Oil says debt reduction on track as output grows

LONDON, May 16 Premier Oil said on Wednesday it is heading for a "material" reduction of its $2.7 billion debt pile, with its Catcher field ramp-up reaching a promised 60,000 barrels per day as oil prices trade at their highest in more than three years.

Premier Oil says debt reduction on track as output grows

LONDON, May 16 Premier Oil said on Wednesday it is heading for a "material" reduction of its $2.7 billion debt pile, with its Catcher field ramp-up reaching a promised 60,000 barrels per day as oil prices trade at their highest in more than three years.

Premier Oil to look at longer-term hedging - CFO

LONDON Premier Oil will look at extending the timeframe for oil price hedges beyond 12-18 months to protect its balance sheet and return on investments which might take years to start operating fully, Finance Director Richard Rose said.

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