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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Harbour Energy Plc | LSE:PMO | London | Ordinary Share | Ordinary Shares |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 22.40 | 22.50 | 22.60 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMPMO
RNS Number : 3245G
Premier Oil PLC
05 August 2016
This announcement has been determined to contain inside information
PREMIER OIL PLC
("Premier" or "the Company")
Bagpuss well result
5 August 2016
The 13/25-1 well, which was targeting the Bagpuss prospect, on the Halibut Horst in the Outer Moray Firth, has reached a total depth of 1,532 feet (TVDSS) in granite basement.
The well encountered 41 feet of hydrocarbon-bearing sands within a 68 feet hydrocarbon column. This is in line with pre-drill estimates. The sands have between 25 per cent and 33 per cent porosity and indications are that the oil is heavy. The well is now being plugged and abandoned.
Robin Allan, Director of Exploration and North Sea, commented:
"The Bagpuss well has proven a significant volume of oil in place. We will now work with our partners to carry out a full analysis of the hydrocarbons and reservoir encountered to ascertain whether commerciality can be established."
Enquiries Premier Oil plc Tel: 020 7730 1111 Tony Durrant, Chief Executive Robin Allan, Director of Exploration & North Sea Bell Pottinger Tel: 020 3772 2570 Gavin Davis Henry Lerwill
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLLLFVRTTISIIR
(END) Dow Jones Newswires
August 05, 2016 02:00 ET (06:00 GMT)
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