Premier Oil raises 2019 production outlook

|About: Premier Oil plc (PMOIF)|By:, SA News Editor

London listed Premier Oil (OTCPK:PMOIF) boosts its 2019 production guidance to 75,000 - 80,000 boe/day, up from 75,000 boed, driven by efficiency measures and a late sale from its now-divested Pakistan oil fields.

Premier’s output has been anchored in the past year by its flagship Catcher field in the British North Sea, where it expects approval for an expansion project later this quarter.

At end of April 2019, net debt stood at $2.25B.

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