Premier Oil share price up despite falling oil price hitting sales July 9, 2015 The figures Shares in North Sea oil giant Premier Oil were up 1.6 per cent at 139p in early trading, despite a trading update showing falling oil prices and lower production had hit the company hard, with first-half results posted in August expected to show revenues fell 34 per cent to $580m (£377m) in the six months [...]
Premier Oil makes Falkland Islands discovery at “most material well” of drilling campaign May 28, 2015 Analysts heralded yesterday’s announcement from London-listed Premier Oil, revealing that it has made an oil discovery at its Falkland Islands Isobel prospect, as “encouraging news” for the group. Andrew Lodge, exploration director at the FTSE 250 company, said the find was “an important play opening discovery” in a previously unexplored area of the North Falkland [...]
Cairn Energy and Genel sheltered from oil prices due to cash balances February 4, 2015 London-listed Cairn Energy and Genel Energy are among the oil firms which are least exposed to oil price changes, due to a mixture of their gas price exposure and large cash balances. According to research from Morgan Stanley, if the brent crude oil price moves up or down by $10 per barrel in the long [...]