|Bid||55.00 x 2221100|
|Ask||67.00 x 472400|
|Day's range||62.26 - 64.55|
|52-week range||42.75 - 99.50|
|PE ratio (TTM)||-90.00|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y target est||0.96|
Harvey Jones says Premier Oil plc (LON: PMO) is on the up, but this fiery gas explorer could also start flying.
CATS Management Limited , a UK gas infrastructure company owned by Antin Infrastructure Partners, will invest 135 million pounds to build the infrastructure for Premier Oil's Tolmount gas field in the ...
UK North Sea gas pipeline infrastructure company CATS Management Limited , owned by Antin Infrastructure Partners, agreed terms on Monday with Premier Oil and Dana Petroleum to build infrastructure for ...
** Credit Suisse says outlook for International E&Ps is improving on better fundamentals ** Says sector's valuation has become more attractive compared to its initiation in March ** Expects increased exploration ...
Premier Oil (LSE: PMO.L - news) is seeking to sell half of its stake in the Babbage gas field in the North Sea, according to a document seen by Reuters, as it tries to pay down a heavy debt pile it accrued during the oil market downturn. Premier holds a 47 percent stake in the Babbage field which it also operates and is seeking to sell a 23.5 percent non-operating interest, according to Premier's sale prospectus, which invites indicative offers by end-September.
Britain's Premier Oil (LSE: PMO.L - news) on Thursday lifted its full-year production guidance as well as estimated resources at a huge oilfield it discovered off the coast of Mexico. Premier Oil, the operations of which stretch from Indonesia to the Falkland Islands, now expects 2017 production in the range of 75,000-80,000 barrels of oil equivalent per day (boepd), up from the previous forecast of 75,000 boepd, thanks to its strongly performing North Sea fields. The oil producer, turning a corner after concluding a refinancing deal to survive the oil market downturn, also upgraded its oil-in-place estimates at the Mexican Zama field to 1.2-1.8 billion barrels, compared with a less specific previous forecast of more than 1 billion barrels.
North Sea-focused Premier Oil (LSE: PMO.L - news) has raised its 2017 production forecast by up to 7 percent on the back of a forecast-beating performance at its fields that also improved its cash flow and helped it pay down debt. The producer lifted its full-year production guidance to 75,000-80,000 barrels of oil equivalent per day (boepd), up from 75,000 previously.
North-Sea focused Premier Oil has agreed to sell its stake in British onshore oilfield Wytch Farm for $200 million to an undisclosed buyer, the company said on Tuesday. The deal also includes letters of ...
Europe's smaller oil producers are more optimistic about the market than they have been for the past couple of years as a significant reduction in hedging shows they are betting on higher prices. "We're a bit underhedged for 2018 because we obviously hoped for a better oil price recovery that would have meant putting in place more hedging," Tony Durrant, chief executive of North-Sea focused Premier Oil, told Reuters.
Premier Oil (LSE: PMO.L - news) , which produces more than half its oil in the British North Sea, said on Thursday that exploring for resources in the basin was no longer attractive, a day after it announced a major discovery off Mexico. "If we can dig out opportunities like Zama, world-class fields that we've been able to work our way into, then frankly you would never choose UK exploration over an opportunity like that," Premier Oil Chief Executive Tony Durrant told Reuters. Premier Oil has been struggling with mounting debt accumulated as it spent money to bring new projects on stream at the same time as weak oil prices slashed its income.
Premier Oil (LSE: PMO.L - news) said revenue for the first six months of the year would be more than 40 percent higher than the same period last year as it continues to beat production targets but it stopped short of raising its full-year output goal. Premier Oil expects revenue of around $560 million for the period, compared with $393.8 million a year ago, and said production was ahead of guidance at 82,100 barrels per day (bpd).
Premier Oil (LSE: PMO.L - news) 's shares rocketed as much as 38 percent on Wednesday on news it discovered potentially more than 1 billion barrels of oil off the coast of Mexico, a major victory for Latin America's No. 2 economy since the historic opening of its energy sector. Premier (BSE: 500540.BO - news) , which holds a 25 percent interest in the block alongside Talos Energy and Sierra Oil and Gas, said estimates for the Zama-1 well were in excess of 1 billion barrels, which could extend into a neighbouring block. The news of the discovery, in the first shallow-water offshore exploration well drilled by the private sector in Mexico since the country's 2014 energy sector opening, sent Premier's shares rocketing as much as 38 percent on the London Stock Exchange and helped the peso strengthen 0.70 percent to 17.785 per dollar.
Premier Oil Plc said it had discovered oil off the coast of Mexico at its Zama-1 exploration well in Block 7. Premier, which holds a 25 percent interest in the block, said estimates for the Zama-1 well ...
New (KOSDAQ: 160550.KQ - news) oil projects over the next two years in the North Sea will have combined capacity to produce 1.2 million barrels per day (bpd), offsetting a slide in output from the oldest deepwater basin that produces the world's benchmark crude. North Sea crude output was 2.54 million bpd in 2016 and is forecast to reach 2.59 million bpd in 2017 and 2.63 million bpd in 2018, based on output figures for the three main producers Norway, Britain and Denmark from consultants Rystad Energy. The North Sea produces Brent and three other crudes - Forties, Oseberg, and Ekofisk - that make up the Brent futures benchmark.
North Sea oil output is expected to jump by a net 400,000 barrels per day (bpd) or about a fifth in the next two years, defying gloomy forecasts for the oldest deepwater basin that produces the world's benchmark crude price. Projects from the West Shetlands to the icy fringes of the Arctic Ocean aim to add 1.2 million bpd, Reuters research shows. The net rise in overall production is expected to be about 400,000 bpd by 2020, according to U.S. energy-focused investment bank Tudor, Pickering, Holt & Co.
North Sea focused Premier Oil expects to slash its $2.8 billion debt pile significantly in 2018 by exceeding its 2017 production target and lowering spending, it said on Monday. The oil and natural gas ...