Premier Oil

Good result from Mexican operations

  • Sectors : Resource
  • Companies : Premier Oil

Ratings and price correct at time of issue.

  • Premier Oil

    Closing Price: 101.5p

  • RATING 20/06/14

  • PREVIOUS RATING 03/04/12

    OUTPERFORM

DAVY VIEW

The second Zama appraisal well offshore Mexico (Premier Oil 25%, non-operated) has delivered up to best expectations. Reservoir section and productivity point to improved oil in place and strong recovery/production rates. If the next appraisal well (Zama-3) is as expected, the bias in the P90 to P10 range should be upwards.

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Apr 16 2019, 08:30 IST/BST

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