Premier Oil hails strong quarter

FTSE-250 listed Premier Oil yesterday hailed a strong start to the year, saying production for the first six months would be between 58-60,000 barrels of oil equivalent per day (boepd), putting it on track to meet expectations for the full year. It said that its financial position also remained strong, with $1.1bn in cash. In a separate announcement, Premier said it had been awarded an interest in three deep-water blocks off the coast of Brazil.