Tag Archive for PMO

Premier Oil share price hits headwinds despite excellent appraisal at Zama discovery – is it down to technicals? (PMO)

Premier Oil (LSE:PMO) announced positive news from its exciting Zama discovery on Thursday. The firm said that the reservoir quality at Zama-2 was similar to that of Zama-1 and that operator Talos Energy had encountered 152 metres of net pay. What was perhaps surprising was the lacklustre response in the share price to the good…

Premier Oil’s Catcher field exceeds expectations

Premier Oil (LSE:PMO) released a trading and operations update yesterday revealing it’s on target to meet yearly production guidance of around 80 kboepd. It’s current workhorse, the Catcher field, has been exceeding expectations, with production rates of over 70koepd. Premier is now looking to increase the asset’s contractual oil production rate from its current 60…