Half Year Results 

Premier: everything but the price

Premier: everything but the price

When it comes to Premier Oil (PMO), the most obvious price deficiency has been Brent crude. On average, a barrel of Premier product sold for $51.70 (£40.39) in the first six months of 2017. That was a 30 per cent improvement on the previous year, but still low enough for the group’s accountants to warn as recently as April of a “material uncertainty that may cast significant doubt upon the use of the going concern basis of accounting”.

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