Market Reaction: Slightly negative on delay to reach full plateau production at Solan. This is likely to result in our reducing our production profile for next year and delaying the time when Premier Oil's Net Debt stabilizes. This is partially offset by cost and capex reduction.
12 Nov 2015
GOOD PRODUCTION, LOWER COST BUT PRODUCTION RAMP-UP AT SOLAN LIKELY TO BE SLOWER
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GOOD PRODUCTION, LOWER COST BUT PRODUCTION RAMP-UP AT SOLAN LIKELY TO BE SLOWER
Harbour Energy Plc (HBR:LON) | 280 -25.8 (-3.2%) | Mkt Cap: 2,159m
- Published:
12 Nov 2015 -
Author:
Stephane Foucaud - Pages:
Market Reaction: Slightly negative on delay to reach full plateau production at Solan. This is likely to result in our reducing our production profile for next year and delaying the time when Premier Oil's Net Debt stabilizes. This is partially offset by cost and capex reduction.