Premier Oil PLC - oil and gas company with operations in countries including Mexico, the UK, Vietnam, and Brazil - Says production averaged 62,500 barrels of oil equivalent per day for first ten months of 2020. Full-year production guidance is revised to range of 61,000 to 64,000 boepd to take into account recent constraints at Catcher.
Notes creditor support received for proposed merger with Chrysaor and transaction expected to complete by end of the first quarter of 2021.
"The merger with Chrysaor, which will create a combined group with diversity, scale and balance sheet strength, is progressing to plan. We now have creditor approval and we expect to publish the prospectus in December, with completion on track for the first quarter of 2021," says Chief Executive Tony Durrant.
Current stock price: 18.43 pence, up 9.6% on Thursday
Year-to-date change: down 81%
By Lucy Heming;Â lucyheming@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
