Updates

Premier Oil

March 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

We’ve seen a continuous stream of positive news from Premier Oil, the latest noting that its flagship Catcher field, originally achieving first oil on 23rd December, has had its first cargo of 500,000 barrels lifted earlier than anticipated and also sold at a premium to Brent prices. A second one, due for lifting in the third week of February, has also achieved a premium.To date four production wells have been brought online and initial rates are 60,000 barrels oil per day (against the original estimate of just 50,000). These wells are being held back to 20,000 boepd until final commissioning of its gas processing modules is completed and it remains on schedule to achieve the 60,000 in Q2 this year.Interestingly, Premie ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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