Premier Oil (PMO.L, PMO LN)
Founded in 1934, Premier is a FTSE250 independent oil and gas, exploration and production (E&P) company. It is a full cycle E&P company and is organised into six country units (UK, Norway, Vietnam, Indonesia, Falklands, Pakistan/Mauritania) with the exploration teams reporting directly to a central exploration function. Current reserves and resources are 800 mmboe. Production is 60,000 boepd with medium-term growth coming from high value barrels in the UK North Sea. Exploration is carried out both in historical areas and in emerging basins that offer the potential for material upside. Exploration includes licences in Brazil, Kenya and Iraq. Premier Oil pays a modest dividend.
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