Premier Oil PLC (PMO.L)
23 May 2018
LONDON, May 16 Premier Oil said on Wednesday it is heading for a "material" reduction of its $2.7 billion debt pile, with its Catcher field ramp-up reaching a promised 60,000 barrels per day as oil prices trade at their highest in more than three years.
LONDON Formerly skeptical investors are buying back into oil majors in the hope that upcoming results will mark a turning point for energy stocks which have failed to keep pace with a surge in crude prices.
* GRAPHIC: European oil stocks EPS rises https://reut.rs/2HaYq8V
LONDON, April 11 Premier Oil will look at extending the timeframe for oil price hedges beyond 12-18 months to protect its balance sheet and return on investments which might take years to start operating fully, Finance Director Richard Rose said.
April 10 Britain's FTSE 100 index is seen opening 46 points higher at 7,240 on Tuesday, according to financial bookmakers with futures up 0.8 percent ahead of the cash market open.
April 10 Britain's FTSE 100 index is seen opening 46 points higher at 7,240 on Tuesday, according to financial bookmakers. * DRAX: British power generator Drax could end production at its coal plants ahead of a government imposed deadline of 2025, the company's CEO said on Monday. * DE LA RUE/CRYSTAL AMBER: Activist investor Crystal Amber is a building a stake in De La Rue, world's largest commercial banknote printer, Sky News reported http://bit.ly/2IDy7Zg on Monday
BERLIN/FRANKFURT, April 10 The following are some of the factors that may move German stocks on Tuesday:
* Deutsche Bank becomes British oil and gas explore Premier Oil's 3rd biggest shareholder at 5.22 pct, according to an emailed statement and the latest available shareholder information on Premier's website
PREMIER OIL WINS RIGHTS TO BLOCK 13 AT BURGOS BASIN IN MEXICAN SHALLOW WATER AUCTION
PREMIER OIL WINS RIGHTS TO BLOCK 11 AT BURGOS BASIN IN MEXICAN SHALLOW WATER AUCTION