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BUZZ-Premier Oil: Reassures on production forecast

** Premier Oil (LSE: PMO.L - news) rises 4.2 pct after reporting in-line Q1 numbers

** Backs FY production forecast, excluding production from the Solan oilfield in Shetland and keeps exploration budget at $220 mln

** Stock largest gainer on the FTSE 350 Oil and Gas index and third biggest on the FTSE midcap index

** Development capex for 2015 now expected to be $750 million, excluding partner funding for the Solan project (abhiram.nandakumar.thomsonreuters.com@reuters.net)