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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Premier Oil    PMO   GB00B43G0577

PREMIER OIL (PMO)
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Premier Oil : Talos-Led Group Aiming to Appraise Zama Offshore Mexico

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01/13/2018 | 03:18pm CET

Premier Oil expects appraisal drilling to start later this year or in early 2019 on the Zama oil discovery in block 7 in the Sureste basin offshore Mexico.

Planning continues with operator Talos Energy and Sierra Oil & Gas.

Offshore Indonesia, Premiers BIGP development project in Natuna Sea block A is on budget and schedule for first gas in 2019, and production will backfill the companys existing Singapore and domestic market contracts.

The company has also signed a Memorandum of Understanding with Petrovietnam and SKK Migas (on behalf of the Indonesian government) concerning future gas sales to Vietnam from the offshore Tuna field (Premier 65%).

Premier has since initiated a farm-out process ahead of further appraisal drilling in the area planned for 2019.

(c) 2018 2017 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Sales 2017 1 102 M
EBIT 2017 190 M
Net income 2017 -70,6 M
Debt 2017 2 658 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 7,69
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Mean consensus HOLD
Number of Analysts 15
Average target price 1,22 $
Spread / Average Target -3,3%
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NameTitle
Anthony Richard Charles Durrant Chief Executive Officer & Executive Director
Roy Alexander Franklin Non-Executive Chairman
Richard Andrew Rose Executive Director & Finance Director
Robin A. Allan Executive Director & Director-North Sea
Ida Jane Hinkley Independent Non-Executive Director
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