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Premier Oil beats production expectations

Premier Oil beats production expectations

Normally when companies say they are ‘well-advanced’ in financing, development or exploration terms, investors should take the claims with a pinch of salt. However, Premier Oil (PMO) posted higher-than-expected production since the start of the year at lower costs, with guidance for 2019 increasing to 75,000-80,000 barrels of oil equivalent per day (boepd), up from 75,000 boepd.

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