Increasing cash flows at Premier

Oil and gas explorer Premier Oil yesterday said it anticipated “sharply increasing” cash flows for both this year and next, driven by rising production and stronger oil prices. Average output at the firm for the year to October was 57,300 barrels of oil equivalent a day, up from 40,400 over the same period last year. Premier yesterday reaffirmed its medium-term target of 100,000 barrels of oil per day.