Premier Oil Shares Rise on Production Growth

25 March 2010 (Last Updated March 25th, 2010 18:30)

Shares in Premier Oil have gone up by 3% after the oil and gas explorer posted a 21% rise in full-year production. The company says it is on track to meet its medium-term production target of 75,000 barrels of oil equivalent per day. "Premier confirmed that all of its Asian

Shares in Premier Oil have gone up by 3% after the oil and gas explorer posted a 21% rise in full-year production.

The company says it is on track to meet its medium-term production target of 75,000 barrels of oil equivalent per day.

"Premier confirmed that all of its Asian growth projects remain on schedule, which means that we can look forward to visible production and cash flow growth over the next couple of years," Credit Suisse said in a statement.