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Premier Oil H1 profit after tax $121 million

Christian Fernsby ▼ | August 22, 2019
Premier Oil published half-year results for the six months to 30 June 2019.
Premier Oil
Premier Oil   EBITDAX was US$680 million
Financial highlights

Topics: Premier Oil

Profit after tax of US$121 million (2018 1H: US$98 million).

EBITDAX of US$680 million (2018 1H: US$488 million, adjusted for impact of IFRS 16).

Opex of US$10/boe plus lease costs of US$6/boe.

Cash margins 35% higher than 2018 1H.

Free cash flow of US$182 million (2018 1H: US$90 million cash outflow).

Net debt reduced to US$2.15 billion (31 December 2018: US$2.33 billion)


 

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