Premier Oil cash flow up 35 percentStaff writer ▼ | August 21, 2014
Premier Oil reported its half-yearly results for the six months to June 30, 2014. Production averaged 64.9 kboepd (2013: 58.6 kboepd), up 11 percent and ahead of guidance.
Half year results Exploration success in Indonesia and Pakistan
The company paid full-year dividend of 5 pence per share and ongoing buyback programme.
Full-year guidance is maintained at 58-63 kboepd including disposal adjustments and pending completion of summer maintenance programmes. Timing of first oil from Solan is dependent on the successful completion of offshore installation activities within the weather window and progress of the offshore commissioning programme.
Play-opening wells planned in the next 12 months include Badada, onshore Kenya, Myrhauk, offshore Norway and Isobel Deep in the Falkland Islands. ■