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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Premier Oil - Refinancing a done deal

May 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PMO
  • Price:
  • 65p
The highlight of results was a 24% increase in production to 71,400 barrels oil per day - a record. This drove a return to profit after tax of US$122.6m (2015: loss: US$1.1bn) for eps of 26 cents (21p).Production growth came mainly from its UK North Sea portfolio, with output doubling from 16,700 to 33,000 boepd, helped by first oil from the Solan field, the acquired E.ON assets and outperformance from the Huntington and Babbage fields. The Catcher field remains on track for first oil in H2 ’17.Elsewhere, Indonesia increased production by 3% to 14,300 boepd while in Vietnam production averaged 16,200 boepd (2015: 16,900 boepd) with high uptime offsetting a natural decline from the fields.An assessment of its bigge ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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