Premier Oil has revealed that the weakness in the sterling post the Brexit vote will help reduce its sterling-denominated operating expenses, capital expenses and debt.
The London-headquartered company said in its trading and operations update and guidance for its half year financials to 30 June, 2016 that its total revenues for the period were about $390m (£297.22m, 351m), down from the $577m from the same period in 2015. However, it added that it expects its 2016 full year guidance to remain unchanged at $730m.
The company, which has interests in the UK, Asia and Africa showed a strong production performance of 61 kboepd (thousand barrels of oil per day) for the first six months of the year, with record rates cros…
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