Premier Oil Plc releases a trading update

  • Mar 13, 2020 GMT
  • Team Kalkine
  • The company’s assets are performing satisfactorily with production at the end of February of 76.6 kboepd
  • The company has reaffirmed guidance of 70-75 kboepd for the full year 2020
  • The group had unencumbered cash of $135m and undrawn facilities of $330m at the end of February 2020.
  • The company’s 2020 cash flow breakeven is under $50 per barrel
  • On 13th March 2020, at the time of writing, GMT 09:31 AM, PMO shares were trading at GBX 18.98, up by 6.36 points or 50.34% against the previous day closing price.

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