CEO Interview: Debt reduction is a priority - Premier Oil

Debt reduction is a priority, says Tony Durrant, CEO of Premier Oil while talking to Malcolm Graham-Wood, Oil Analyst at Malcy’s Blog on today’s CEO interview.

Durrant assures investors that the structure of refinancing is in place once renegotiation with the lenders is completed that would put premier in place that would give us runway for next 4-5 years.

He also updates viewers about Solan field (West of Shetland), acquisition of E.ON’s UK assets and benefiting from the weak Sterling exchange rate – as it has brought down operational cost in North Sea.

Premier Oil (PMO) is trading above the major moving average levels – 50-DMA, 100-DMA & 200-MA. After watching this segment, investors could gain more insights into whether the bullish technicals are backed by fundamentals.