Recommendations » UK
Premiere Oil (LON:PMO.L) report:Half yearly results
August 26, 2010, Thursday, 17:07 GMT | 12:07 EST | 21:37 IST | 00:07 SGT
By Daniel Stewart & Co
- H1 production was up 17% to 46,600BOE/d. 2010 production guided to be 44,000BOE/d
- The company is planning 20 wells over the next 12 months and targeting 300mmBOE
- Cash on hand of $449m and it has $404m in available undrawn bank facilities
- The company has up to four wells planned for H2 on the Catcher discovery
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