Premier issues Trading and Operations Update
Premier today provides an Operations Update summarising key activities since the Interim Management Statement on 14 May 2014 and a Trading Statement in respect of its half year financials to 30 June 2014. This is in advance of the Group’s 2014 Interim Results which will be published on Thursday 21 August 2014.
Tony Durrant, Chief Executive, commented:
“Recent performance across our portfolio has been strong. We have exceeded our production targets, disposed of non-core assets, received Government sanction of the Catcher project and successfully completed our bank refinancing. These are all priorities that we set ourselves for the first half. We have also had exploration success in Indonesia and achieved first oil production from Dua in Vietnam. In the second half, we will focus again on achieving our production targets, on the installation of the Solan facilities and on progressing the Sea Lion project.”
Source: PREMIER OIL PLC