(BFW) Premier Oil 1H Net $172.7m vs $161.1m Y/y; Net Debt $1.69b


BN 08/21 06:05 *PREMIER OIL AVG 1H OUTPUT 64,900 BOE/DAY VS 58,600 BOE/DAY
BN 08/21 06:05 *PREMIER OIL AVG 1H OUPTUT 64,900 BOE/DAY VS 58,600 BOE/DAY
BN 08/21 06:03 *PREMIER OIL CEO: NEAR-TERM PRIORITIES INC SEA LION FDP APPROVAL
BN 08/21 06:02 *PREMIER OIL CEO: NEAR-TERM PRIORITIES INC 1ST OIL FROM SOLAN
BN 08/21 06:01 *PREMIER OIL ON TRACK TO DELIVER STATED US$300M SALE PROGRAM
BN 08/21 06:00 *PREMIER OIL 1H CASH FLOW FROM OPERATIONS $499.4M :PMO LN
BN 08/21 06:00 *PREMIER OIL 1H BASIC EPS 32.8C :PMO LN
BN 08/21 06:00 *PREMIER OIL 1H COST OF SALES $646.3M :PMO LN

Premier Oil 1H Net $172.7m vs $161.1m Y/y; Net Debt $1.69b
2014-08-21 06:08:19.947 GMT


By James Cone
Aug. 21 (Bloomberg) -- Oper. profit $92m vs $255.1m y/y;
rev. $884.7m vs $757.8m y/y.
* Operating cash flows up 35% to$499.4m
* Net debt at June 30 $1.69b
* Says 1H production averaged 64.9 kboepd vs 58.6 kboepd y/y,
up 11%, ahead of guidance; full-year guidance maintained at
58-63 kboepd
* Says focus continues on maintaining momentum, delivery of
our near-term priorities, incl. first oil from Solan and Sea
Lion FDP approval
* NOTE July 10: said 1H production 64.7kboe/d, maintained FY
Guidance 58-63kboe/d; said 1H rev ~$880m

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To contact the editor responsible for this story:
James Cone at +44-20-7673-2572 or
jcone@bloomberg.net